Monthly Recurring Fee definition

Monthly Recurring Fee means 1/12th of the Charges paid by the Client during the Initial Period or relevant Renewal Period or, if the Client has not paid any Charges during the Initial Period or relevant Renewal Period, 1/12th of the Charges which have been agreed to be paid by the Client during the Initial Period or relevant Renewal Period.

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Monthly Recurring Fee means 1/12 of the Current Year’s Subscription Fees paid by the Customer, but if the Customer has not paid any Subscription Fees during that Year, then the ‘Monthly Recurring Fee’ means 1/12 of the Current Year’s Subscription Fees which have been agreed to be paid by the Customer during that Year.

Monthly Recurring Fee is the average monthly fees or charges paid or payable by the Customer to Fire Dog in consideration of Fire Dog making available the Signal; taking the average of such monthly fee or charge for the four (4) month billing period prior to the event giving rise to the Outage Credit.

Examples of Monthly Recurring Fee in a sentence

The Network Availability Credit shall be equal to 2% of the Monthly Recurring Fee for IP Connectivity for the respective month for every 1% (or part thereof) that the Network Availability falls below the Network Availability Target.
The Wavelength Service Availability Credit shall be equal to 1% of the Monthly Recurring Fee for Wavelength Service for the respective month for every 0.1% (or portion thereof) that the Service Availability falls below the Wavelength Service Availability Target.
The Leaseweb Cloud Connect Availability Credit shall be equal to 1% of the Monthly Recurring Fee for Leaseweb Cloud Connect for the respective month for every 1% (or part thereof) that the Leaseweb Cloud Connect Availability falls below the Leaseweb Cloud Connect Availability Target.
The DDoS IP Protection shall be equal to 2% of the Monthly Recurring Fee for DDoS IP Protection for the respective month for every 1% (or part thereof) that the DDoS IP Protection Availability falls below the DDoS IP Protection Target.
Credits will not apply to data transfer charges or to charges for services other than the Monthly Recurring Fee for the Service for which this Commitment was not met.
Any Service Availability Credits will not apply to data transfer charges or to charges for services other than the Monthly Recurring Fee for the hosting of the Customer's Data and Application Software for which the Service Availability Commitment was not met.
Fees shall include one or both, as may be applicable, of the Total Monthly Recurring Fee and Total Non-recurring Fee (defined as all Fees other than Monthly Recurring Fees) as stated in the Service Order and/or SOW.
Or, if Hosted Solutions so determines that the Server Availability does not achieve a cumulative of 99% for any calendar month (based upon an average 30-day month), Hosted Solutions, upon Customer’s request, will credit Customers account for such month the pro-rated charges amounting to 50% of the Monthly Recurring Fee for that Server.
Or, if Service Availability does not achieve a cumulative of 99% for any calendar month (based upon an average 30-day month), Hosted Solutions, upon Customer’s request, will credit Customer’s account for such month the pro-rated charges amounting to 50% of the Monthly Recurring Fee for that service.
If Hosted Solutions so determines that the Service Availability does not achieve a cumulative of 99.999% for any calendar month (based upon an average 30-day month), Hosted Solutions, upon Customer’s request, will credit Customer’s account for such month the pro-rated charges amounting to 10% of the Monthly Recurring Fee for that Service.

More Definitions of Monthly Recurring Fee

Monthly Recurring Fee means the amount to be paid monthly by Client for the applicable Service(s) as specified in the Order Form(s), e-mail(s), ticket(s) or other methods approved by the Parties. “Monthly Remittance Date” means the day of each month the Monthly Recurring Fee shall be due and payable by Client and shall be based on the Order Form Commencement Date, except as provided in this definition. All Services shall be invoiced to reflect a uniform Monthly Remittance Date. If the Monthly Remittance Date is a day which does not exist in a particular calendar month, then the Monthly Remittance Date shall be the last date of such month (e.g. if the Monthly Remittance Date is the 30th of every month, then in February, the Monthly Remittance Date shall be either February 28th or 29th, depending on the year).