NGS Fees Clause Samples
The NGS Fees clause defines the charges or payments associated with Next Generation Sequencing (NGS) services provided under the agreement. It typically outlines the specific fee structure, payment terms, and any conditions under which fees may be adjusted, such as volume discounts or additional services. By clearly specifying the financial obligations related to NGS, this clause ensures both parties understand the costs involved and helps prevent disputes over payment or service expectations.
NGS Fees. ▇▇▇▇▇▇▇▇ shall pay NGS as follows (“NGS Fee”):
5.14.1 ▇▇▇▇▇▇▇▇ shall be entitled to keep [*] (and [*] of any applicable pre- or post-extension) for NGE/▇▇▇▇▇▇▇▇ Trip Participants [*]. Within 30 days of the departure date of each Trip, ▇▇▇▇▇▇▇▇ shall pay to NGS a fee per NGE/▇▇▇▇▇▇▇▇ Trip Participant equal to the aggregate amount of (a) [*] ([*] any mutually agreed [*] applicable to ▇▇▇▇▇▇▇▇ trips including but not limited to [*] and [*]) of the NGE/▇▇▇▇▇▇▇▇ Trip, (b) [*] of any applicable pre- or post -extension, (c) [*] on the amount retained by ▇▇▇▇▇▇▇▇ of [*] on the NGE/▇▇▇▇▇▇▇▇ Trip, and [*] on the amount retained by ▇▇▇▇▇▇▇▇ of [*] of pre- or post extensions for all cancellations by NGE/▇▇▇▇▇▇▇▇ Trip Participants. The total of the fees paid by ▇▇▇▇▇▇▇▇ to NGS is hereafter referred to as the “NGS Fee.”
5.14.2 In the event that a previous NGE/▇▇▇▇▇▇▇▇ Trip Participant utilizes a travel credit issued as a result of [*], NGE will receive the NGS Fee of [*] regardless of the channel used by such Participant to make the booking and the Participant will be considered a NGE/▇▇▇▇▇▇▇▇ Trip- Participant
5.14.3 In the event that a NGE/▇▇▇▇▇▇▇▇ Trip Participant books a subsequent ▇▇▇▇▇▇▇▇ Trip as a result of a promotion offered [*] the ▇▇▇▇▇▇▇▇ Trip, NGE will receive the NGS Fee of [*] on that subsequent booking.
5.14.4 In the event ▇▇▇▇▇▇▇▇ retains or receives [*] of the [*] for a cancellation (“Cancelled Participant Payment”), then ▇▇▇▇▇▇▇▇ agrees to pay NGS according to the following formula: Cancelled Participant Payment [*].
5.14.5 ▇▇▇▇▇▇▇▇’▇ payment of the NGS Fee shall be accompanied by a report stating: (i) the name and departure date of the NGE/▇▇▇▇▇▇▇▇ Trip, (ii) the name, e-mail address, and mailing address of each NGE/▇▇▇▇▇▇▇▇ Trip Participant, including cancelled NGE/▇▇▇▇▇▇▇▇ Trip Participants; (iii) the number of NGE ▇▇▇▇▇▇▇▇ Trip Participants, (iv) the Catalog Price for each NGE/▇▇▇▇▇▇▇▇ Trip Participant, (v) the calculation formula of the NGS Fee, and (vi) list of NGE/▇▇▇▇▇▇▇▇ Trip Participants on extensions. A finance charge of [*] per month shall be payable on any late payment.