Services Royalty Interest Clause Samples

Services Royalty Interest. A fee equal to four percent (4%) of RLS Customer Services Net Revenue, which fee shall increase to six percent (6%) of RLS Customer Services Net Revenue once there are sixty thousand (60,000) RLS Customers, and shall thereafter increase at the rate of one-half percent (.5%) for each additional ten thousand (10,000) RLS Customers up to a maximum rate of eight percent (8%). Once the fee is equal to or greater than six and one-half percent (6.5%), then such fee shall be subject to decrease at the rate of one-half percent (.5%) for each decrease of ten thousand (10,000) RLS Customers, with a minimum rate of six percent (6%). The fees set forth in this subsection are referred to collectively as the "Services Royalty Interest."