Common use of Technology Access Fee Clause in Contracts

Technology Access Fee. In exchange for T/R's appointment of HKIS pursuant to Section 2.1 hereof, and in part for T/R's agreement to provide the Technical Assistance pursuant to Section 3 hereof, HKIS shall pay T/R the one-time non-refundable technology access fee set forth in Schedule 1 for each print device listed therein or later added hereto by agreement of the parties. Such technology access fees shall be payable with respect to each System in two equal installments, one-half due and payable thirty (30) days from execution and delivery of this Agreement, with the remaining one-half due and payable net payable thirty (30) days from HKIS' acceptance of the production version of the System. Payment of technology access fees for Systems designed for Printers added to Schedule 1 after the effective date of the Agreement shall be payable in two equal installments, one-half due and payable net thirty (30) days from the addition of the Printer to Schedule 1, with the remaining one-half due and payable net thirty (30) days from HKIS' acceptance of the production version of the System. Technology access fees are for United States English version of the software user interface and documentation. HKIS and its parent company shall have the right to acquire access to additional language versions for the translation fees identified in Schedule 1. HKIS and its parent company shall also have the right to make such translations itself, or to have such translations made by a third party of HKIS' selection. Acceptance criteria for the production version of the System will be defined and mutually agreed to by the parties within thirty (30) days of execution of this Agreement.