NCTC ADMINISTRATION SERVICES; FEE Sample Clauses

NCTC ADMINISTRATION SERVICES; FEE. (a) During the term hereof, NCTC shall perform the following services for HSAC and the Participating Members (the "Administration Services"): i. Communication of and endorsement of HSAC Services to Participating Members; ii. Tracking and notification of Participating Members with respect to expiration of Network Services Agreements and options with respect to election of Successor Agreements; iii. Collection, review, handling and processing of Adoption Certificates and Network Services Agreements; and iv. Annual audit of HSAC reports/monthly payments to Participating Members (Section E.4 of the Network Services Agreement). (b) NCTC may at its option elect to collect HSA's Share (as defined in Exhibit E to the Network Services Agreement) from Participating Members serving a billing party under Exhibit E/Section E.3.1 of the Network Services Agreement and remit same to HSAC within 45 days in accordance with the procedure/schedule set forth therein. (c) HSAC shall pay to NCTC annually during the term hereof, on or before January 31, a fee (calculated as of December 31 of the prior year) equal to 1% of the Participating Members' share of the aggregate Gross Revenues and Net Gross Revenues collected from Data Subscribers for the prior calendar year.