Minimum Technology Service Fees Sample Clauses
The Minimum Technology Service Fees clause establishes a baseline amount that must be paid for technology-related services, regardless of actual usage or consumption. Typically, this means that the client is obligated to pay at least the specified minimum fee each billing period, even if their use of the technology services falls below that threshold. This clause ensures the service provider receives a guaranteed level of revenue, helping to cover fixed costs and reducing the risk of underpayment due to fluctuating service usage.
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Minimum Technology Service Fees. After each Census Date, eCollege will invoice Customer for Technology Service Fees in the amount calculated based upon the number of students enrolled in Courseware and the Technology Service Fees set forth herein. In the event that Customer’s Technology Service Fees are less than $45,000 (“Minimum Technology Service Fees”) during the first 12 months of the Agreement, or upon termination or expiration of the Agreement, whichever occurs first, Customer shall pay eCollege the difference between the Minimum Technology Service Fees and the amount that Customer actually paid for Technology Service Fees in such period. Thereafter, on an annual basis, or upon termination, whichever occurs first, Customer shall pay eCollege the difference between the Minimum Technology Service Fees and the amount that Customer actually paid for Technology Service Fees for the previous year.