Common use of Fixed Monthly Fee Clause in Contracts

Fixed Monthly Fee. 19.1 For each month in the Term through December 2009 that the PSA is in effect and that the provided for under the Production Services Agreement Amendment Number Two Section 11.7(g) entered into by the parties dated June 5, 2003 apply, RCSI shall pay First Data the fixed monthly fee set forth in the table below for the applicable calendar year. 2004 $ 58,334.00 2005 $ 92,917.00 2006 $ 92,917.00 2007 $ 92,917.00 2008 $ 92,917.00 2009 $ 28,333.00 19.2 The fixed monthly fees payable under this Article 19 shall not be taken into account for purposes of any benchmarking exercise under Section 12.8 of the Main Body of the Agreement, nor shall any of the provisions of Article 7A *** or Article 7B (Volume Discounts) apply to the fixed monthly fees payable under this Article 19.

Appears in 2 contracts

Sources: Technology Sourcing Agreement (Synchrony Financial), Technology Sourcing Agreement (Synchrony Financial)