Fee Increases on Renewal Sample Clauses
The 'Fee Increases on Renewal' clause defines the conditions under which fees or charges may be raised when a contract is renewed. Typically, this clause outlines the maximum allowable percentage increase, the notice period required before implementing a new fee, and any limitations or procedures for adjusting fees at the time of renewal. For example, it may state that fees can be increased by up to 5% annually, provided written notice is given 30 days before the renewal date. The core function of this clause is to provide transparency and predictability regarding future costs, helping both parties plan financially and avoid unexpected price hikes.
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Fee Increases on Renewal. Trualta may increase the Fees by up to 10% from the previous amount for each Renewal Term after the Initial Term of this Agreement by providing written notice to Customer prior to or upon the commencement of such Renewal Term, and the applicable Order Form will be deemed amended accordingly.
Fee Increases on Renewal. Trualta may increase the Fees for Services by up to 10% from the previous amount for each Renewal Term after the Initial Term of this Agreement by providing written notice to Customer prior to or upon the commencement of such Renewal Term, and the applicable Order Form will be deemed amended accordingly. This Section shall not apply to any Additional Services.