FEE SYSTEM Clause Samples
The Fee System clause defines how fees are structured, calculated, and paid under an agreement. It typically outlines the types of fees involved—such as fixed, hourly, or performance-based charges—and specifies when and how payments should be made. For example, it may require monthly invoices or set milestones for payment. This clause ensures both parties have a clear understanding of financial obligations, reducing the risk of disputes over payment terms and helping to manage expectations regarding compensation.
FEE SYSTEM. The Secretary may establish a fee system for using the information system. Fees collected under this subsection in a fiscal year shall equal as nearly as possible the costs of operating the information system in that fis- cal year. The Secretary shall deposit fees col- lected under this subsection in the Highway Trust Fund (except the Mass Transit Account).
FEE SYSTEM. 4.1. The services provided by the Concessionaire within the framework of this Contract are Basic Services of Pipeline Transportation of Hydrocarbons, according to the Regulations. In this regard, the services of the Concessionaire shall be remunerated by a Basic Fee, which shall be called Reliability Charge (RC), which shall be determined as provided in Clause 4.
4.2. The calculation of the Reliability Charge shall take into account the following items:
a) C-ILNG: The sum of all the costs or expenses required or convenient for the LNG System Infrastructure to be designed, financed, constructed and commissioned, in compliance with the provisions in this Contract, the Associated Contracts and the Applicable Laws. The basis to determine these costs and expenses shall be solely and entirely the Proposal submitted as Form 4 in the Public Bid (Annex 6 to the Concession Contract). For purposes of the calculation of the Annual Remuneration, those costs shall be expressed as an Annuity.
FEE SYSTEM. Introduction: