Initial Annual Network Node Rate Pro Rated Sample Clauses
The "Initial Annual Network Node Rate Pro Rated" clause defines how the annual fee for network node services is calculated on a pro rata basis when service does not begin at the start of a full contract year. In practice, this means that if a customer starts using network node services partway through a year, they will only be charged for the portion of the year during which the service is provided, rather than the full annual rate. This clause ensures fair billing by aligning charges with the actual period of service, preventing overpayment and providing clarity on cost allocation for partial-year service periods.
Initial Annual Network Node Rate Pro Rated. The annual Network Node Public Right-of-Way Rate payment for the first year at any Location (“Initial Annual Network Node Payment”) begins accruing when the permit is issued and is due 30 days after Licensee obtains a Permit to install or collocate a Network Node at the Location. The Initial Annual Network Node Payment shall be pro-rated for the months remaining in the calendar year after the permit issuance date.