Baseline Fee definition
Examples of Baseline Fee in a sentence
The parties’ intent is to increase the applicable Brand Royalty rate by 100 basis points after the applicable Measurement Date after failing to meet the applicable Cumulative Rooms Converted threshold), as follows (“Threshold 2 Fee Schedule”): If, on December 31, 2022, at least 3,030 rooms have been rebranded, there is no change to the New Brand Royalty on January 1, 2023 and it will remain at 2.00% until September 1, 2023, when it changes to 3% in accordance with the Baseline Fee Schedule.
If, on December 31, 2022, at least 3,030 rooms have been rebranded, there is no change to the Diamond Converted Brand Royalty on January 1, 2023 and it will remain at 2.00% until September 1, 2023, when it changes to 3% in accordance with the Baseline Fee Schedule.
Following the occurrence of an Administration Termination Triggering Event, the Expense Allowance for each Monthly Accounting Period shall be equal to the greater of (i) 1/12 of the Baseline Fee (as defined in the Nautilus Administrative Services Agreement) and (ii) 1/12 of the actual aggregate cost to Cedant to administer the Reinsured Policies for the prior twelve (12) month period.
For the purposes hereof, ARC Deadband Percentage means the percentage above the Baseline Fee within which ARCs will not apply, and above which ARCs will apply.
The ARC Deadband is calculated by multiplying the Baseline Fee by the sum of one (1.00) plus the ARC Deadband percentage.
A third party or, in certain circumstances, the Service user, must be willing and able to pay (to ‘top up’) the difference between the Baseline Fee and the Core Fee.
If the Monthly Actual Usage exceeds the ARC Deadband for such period, the County will then pay Vendor, in addition to the Baseline Fee, an ARC charge equal to the difference between the Monthly Actual Usage and the ARC Deadband.
If a Service user requests it, the Council must arrange for care in accommodation more expensive than its Baseline Fee.