Common use of Use of Furniture Clause in Contracts

Use of Furniture. Upon execution of this letter agreement until the Payment Date, BoomBoat shall pay to Aucxis a monthly fee in the sum of $66.09 (the "Furniture Fee"), representing ten percent (10%) of the Furniture Purchase Price calculated annually. The Furniture Fee shall be paid and satisfied by BoomBoat in advance on first (1st) day of each month by way of certified cheque or bank draft payable to the order of Aucxis or as it may otherwise direct in writing.

Use of Furniture. Upon execution of this letter agreement until the Payment Date, BoomBoat shall pay to Aucxis a monthly fee in the sum of $66.09 (the "Furniture Fee"), representing ten percent (10%) of the Furniture Purchase Price calculated annually. The Furniture Fee shall be paid and satisfied by BoomBoat in advance on first (1st) day of each <PAGE> -9- month by way of certified cheque or bank draft payable to the order of Aucxis or as it may otherwise direct in writing. 7.