Data Fee Clause Samples
A Data Fee clause establishes the obligation for one party to pay a specified fee for access to or use of certain data provided by the other party. Typically, this clause outlines the amount, payment schedule, and conditions under which the data fee is charged, such as per transaction, per user, or as a flat rate. Its core practical function is to ensure that the provider is compensated for the value of the data supplied, thereby clarifying financial expectations and reducing disputes over data usage costs.
Data Fee. Seller will collect through the deduction of earned revenue due the Buyer a fee charged by the global cellular connectivity service provider, who charges a monthly fee of $3 per GOAT scooter which includes 30 MB of data, thereafter $0.08/MB used. Irrespective of whether the Product is being used or not the minimum charge of $3 per GOAT per month per scooter is payable. In the event the monthly rental revenue earned by the Buyer is not sufficient to cover the minimum charge, this amount will be invoiced to the Buyer monthly in arrears. Buyer must settle the outstanding amount promptly. If Buyer fails to make payment when due to Seller for the Products, and has not corrected the delay within five working days of having received a written reminder from the Seller, Buyer will be in Default of this agreement. Seller may increase the rates for Data annually by delivering written notice to Buyer thereof at least sixty (60) days prior to the end of the Initial Term or a Renewal Term and, unless the parties agree otherwise in writing, the new price(s) will be effective automatically on first day of the Renewal Term immediately following such notice.
Data Fee. In consideration for delivery and license of the USEAPOT101 Dataset and Safety Addendums, Licensee shall pay Licensor USD 2500 per patient treated, for up to 150 patients. After 150 patients have been registered, the Data Fee shall be USD 1500 per patient.
Data Fee. [*] per quarter
Data Fee. In consideration of the Executive providing SFD Services to the Corporation, and in order to ensure the equitable and proper compensation for all interested parties under the provisions of the Restated Technology Agreement as amended, until December 31, 2005, the Corporation shall pay into the Escrow Account a Data Fee equal to five percent (5%) of the Prospect Profits earned by the Corporation with respect to the commercial exploitation of each Prospect, calculated in accordance with the provisions of the Restated Technology Agreement, as amended, and subject to all expenses and deductions as set forth therein.