Basic License Fee Sample Clauses
The Basic License Fee clause defines the initial payment amount that the licensee must pay to the licensor for the right to use the licensed property, such as intellectual property or software. This fee is typically specified as a fixed sum, payable either upfront or according to a set schedule, and may be distinct from any ongoing royalties or additional charges. By clearly establishing the baseline financial obligation, this clause ensures both parties understand the minimum cost of the license and helps prevent disputes over payment expectations.
POPULAR SAMPLE Copied 1 times
Basic License Fee. Subject to the terms and conditions of this Agreement, CME shall pay S&P $***** for each Contract traded with respect to the current “big” S&P 500 Contract (i.e., for this purpose, the Contract that has been listed on CME since 1982, the current multiplier of which is $250 (the “Big Contract”) and $***** for each Contract traded with respect to any other Indexed Contract, through and including the date on which this Agreement is terminated or expires pursuant to the terms hereof, except as otherwise specifically provided for in this Section 5.
Basic License Fee. Licensee shall pay, as a basic license fee for each Licensed Premises, the sum set forth on Exhibit C attached hereto and incorporated by reference herein. These basic license fees shall be paid in advance on or before the tenth (10/th/) day of each month of the license term, and Licensee shall pay the basic license fee pro rata for that part, if any, of the term preceding the first license year.
Basic License Fee. (i) The basic license fee for the Licensed Software will be based upon the number of Transactions (as hereafter defined) performed with the Licensed Software. The basic license fee will initially be $0.04 per Transaction, which amount may be adjusted as hereafter provided. As used herein, a "Transaction" shall mean an individual low fare searching query from the Site to the Licensor's server.
Basic License Fee. Without the need for ICC to send any notice or invoice, during the term of this License, Client shall pay Seven Thousand Eight Hundred Dollars and 00/00 Cents U.S. ($7,800.00) (the 'Basic Annual License Fee") for the right to use the 01Tice. The Basic License Fee shall be payable in equal monthly instalments of Two Thousand Six Hundred Dollars and 00/00 Cents U.S. ($2,600.00) (the 'Monthly License Fee Payment") in advance, on the first day of each calendar month after the Commencement Date. Time is of the essence with respect to the payment of all Monthly License Payment Fees, Additional License Fees, (as that term is used in this Agreement), and any other sums Client is supposed to pay pursuant to this License. Checks must be drawn and collectable on Domestic Banks unless prior written permission is given by IOC. If IOC agrees to any alternative method of payment, Client shall be responsible for any and all bank processing charges, wire transfer charges etc. Client may be required to increase security deposit or prepay amounts affected by such arrangement. In the event the check for the first Monthly License Fee payment is not honored by the bank the first time it is presented for payment IOC may declare this License to be void ab initio (from its inception) and IOC may remorse anything Client has moved into the Ofrice and store them at the Clicnt's risk and expense and the Client agrees to be responsible for any and all damages incurred by IOC. If IOC does send any invoices for Monthly License Fee Payments as a courtesy or reminder, this shall not create any obligation on IOC to send any subsequent invoices, it being agreed that the Monthly License Fee Payment will be due without the need for IOC to send any invoices or notices. All charges for Monthly License Fee Payments, Additional License Fees, (as that term is used in this License), and any other sums Client is expected to pay pursuant to this License, shall be considered correct and completely collectable unless disputed in WRITING within thirty (30) days of the due date. No ORAL NOTICE SHALL BE RECOGNIZED OR EFFECTIVE. Payment for the Basic Monthly License Fees & Additional License Fees may not be withheld due to variable charge questions that await resolution.