Use Payment Sample Clauses
The Use Payment clause defines the terms under which payments are made for the use of certain goods, services, or intellectual property. Typically, it specifies the amount, timing, and method of payment required when one party utilizes resources or rights provided by another. For example, this clause might require a licensee to pay royalties for the use of patented technology or a tenant to pay rent for occupying a property. Its core practical function is to ensure that compensation for use is clearly established, thereby preventing disputes over payment obligations and supporting fair value exchange between parties.
Use Payment. Company agrees to pay (the "Use Payment") to BDEC on a monthly basis as compensation for BDEC's grant to Company of the right to use the Premises and common areas of the Buildings. The Use Payment for the Premises in Building P shall be twelve percent (12%), and for the Premises in Building T shall be thirty-six percent (36%) of the rent and all other costs and expenses incurred by BDEC pursuant to the Base Lease for each of the respective building. The Use Payment shall be paid in advance and shall be due and payable on the first day of each month during the Term.
Use Payment. Single Member Season Pass: $1,500.00 Family Season Pass: $2,500.00 (up to 3 family members) Guest Pass: $40.00 per day (up to 4 guests per month) Private Track Time Rental: $450.00 for a 4-hour session $800.00 for an 8-hour session ** limited to 15 riders per Private Track Session
Use Payment. OMGAA shall pay to Board an annual payment for the use of the Batting Cages and Equipment of Six Thousand and No/100 Dollars ($6,000.00) (“Use Payment”). The initial Use Payment shall be made on or before January 1, 2023, with subsequent Use Payment being made on or before January 1 of each successive year during the Term. The Use Payment shall not be reduced or prorated as a result of Availability, except as provided for in Section 9 below.
Use Payment. As consideration for its right to use the Fillauer Use Area, Fillauer shall pay to Iomed $5,600.00 per month ("Use Fee"). The Use Fee shall be paid in advance on the first day of each and every month during the use period, without deduction or offset. If the Commencement Date is not the first day of a month, the Use Fee due on the Commencement Date shall be a prorata share of a full month's Use Fee. Fillauer shall be in default under this Agreement if any Use Fee payment is not made by the fifth day of the month it is due.
Use Payment. Both CITY and DISTRICT agree that CITY’s use of DISTRICT POOLS is in the mutual best interest of the parties, and that the DISTRICT shall not require CITY to pay any monetary payments to DISTRICT for such use of a DISTRICT POOL other than specifically provided herein. Notwithstanding the above, DISTRICT/CITY shall annually review maintenance and related costs of extending use of DISTRICT POOLS to the public, with DISTRICT to evaluate whether a monetary payment should be negotiated for use of any pool. Any change to the provisions of the Agreement shall be made in writing and agreed to by the parties as provided herein.
Use Payment. On or before , 20 , Licensee will pay $ to the University, for the right to use the Licensed University Facilities during the Term.
Use Payment a. The User agrees to pay the following: $ per hour of use as a Use Fee. $ the total amount due for the Term of this Agreement, based on the periods of use designated in Exhibit A. $ as a Damage Deposit. Other (describe): In the event of an extension of this Agreement pursuant to paragraph 2 above, the User agrees to pay the University a Use Fee at the same rate as identified above.
b. The User further agrees to submit these payments as follows: Other (describe): The University may credit the Damage Deposit to the User’s obligation to pay one-half of the Use Fee at the end of the Term if it is not needed to pay for damages to the Facilities for which the User is responsible hereunder.