Initial Membership Fee definition
Examples of Initial Membership Fee in a sentence
To become a Member of the Authority within the Initial Membership Period, each eligible public agency shall pay an Initial Membership Fee as specified below (each such fee, as applicable, the “Initial Membership Fee”).
If an eligible city has paid an Initial Membership Fee of Five Thousand Dollars ($5,000.00) because the required number of cities within its Regional City Group did not become Members within the Initial Membership Period, its payment shall be credited toward the applicable Regional City Group’s Subsequent Membership Fee, as defined in Section 5.01(b).
The Board shall set each Annual Fee in an amount not to exceed the Initial Membership Fee or Subsequent Membership Fee, as the case may be, paid by the respective Member; however, the Board may adjust the Annual Fee each Fiscal Year to reflect changes in the Consumer Price Index.
Prior to and for a period of sixty days after the Effective Date (hereinafter the “Initial Membership Period”), an eligible public agency may become an initial Member of the Authority as follows: (1) delivering to the Authority’s Secretary a duly approved and executed copy of this Agreement; and (2) paying the Initial Membership Fee as specified in Section 5.01(a).
The City Managers representing the Member cities within a Regional City Group will determine which city will represent the Regional City Group, determine how the Member cities will provide input to the chosen representative Director and Alternate Director, and how the Member cities will share and pay the Initial Membership Fee and the Annual Fee thereafter.
The Board shall determine the amount of each Subsequent Membership Fee, but in no event shall it be less than the Initial Membership Fee the public agency would have been required to pay to become a Member within the Initial Membership Period.
You confirm that you understand and agree that the transaction contemplated by this purchase consists of the Initial Membership Fee and the recurring Monthly Membership Fee until the Membership is canceled by notice in writing in accordance with these Terms and Conditions.
An Honorary Member shall not be required to pay an Initial Membership Fee or any dues, assessments (in accordance with Article Twelve) or food and beverage minimums, but shall be required to pay separately charged facility usage fees, such as cart usage fees, golf guest fees for themselves and their guests, and pro-shop fees, and charges for the consumption of food, beverages, merchandise and similar items.
In such case the transferee shall not be required to pay an additional Initial Membership Fee.
Each Regional Cities Group identified in subsections 15 through 18 in Section 2.01 shall pay a single Initial Membership Fee to the Authority of Twenty Four Thousand Five Hundred Dollars ($24,500) for the group as a whole, which will enable each of the cities within the Regional City Group to obtain membership status upon satisfying the other requirements of this Agreement.