INFORMATION FEE Clause Samples
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INFORMATION FEE. 5.1 Party B shall, within the term of this Agreement, pay to Party A all expenses in accordance with Appendix I hereto and other expenses stated herein.
5.2 If this Agreement is terminated by Party B’s, Party B shall not refund the paid expenses stated in Appendix I.
5.3 During the term of this Agreement, if the Proprietary Information system provided by Party A is updated or adjusted, and a corresponding Proprietary Information license fee is adjusted accordingly, Party B shall enter a new agreement in accordance with the new regulations, and pay for the Information Fee accordingly. The Information Fee shall be calculated on a monthly basis according to the different time periods of each version of the Quotations. Periods of less than one month shall be calculated as one month. Any balance of the Information Fee at the expiration of this Agreement shall be, at Party B’s discretion, transferred to the next agreement year or returned to Party B within 10 working days after the termination of the Agreement.
INFORMATION FEE. Lender may require additional documentation or information related to this Indebtedness from the Borrower for loan security or file documentation as deemed appropriate and at the sole discretion of Lender or in accordance with covenants described in the Loan Agreement. In the event Borrower fails to provide requested documentation or information within 60 days from written request by ▇▇▇▇▇▇, a fee may be assessed for each incidence in an amount which is the greater of $100.00 or ..03% (.0003) of the outstanding principal balance of the Indebtedness for each incidence. Said fee, if not paid when incurred, will be added to the principal of this Indebtedness.