NAVTECH definition
Examples of NAVTECH in a sentence
Should BMW fail to notify NAVTECH as contemplated herein BMW shall be deemed to have approved the Database Master.
NAVTECH shall have the right, at its own expense, on reasonable notice and not more often than once annually, to inspect and audit LICENSEE's records and other relevant information for the purpose of verifying the amount of license fees and other charges due and LICENSEE's compliance with the terms and conditions of this Agreement.
On or before the 10th day of each calendar month, LICENSEE shall provide NAVTECH with a written license fee report certified by an authorized representative of LICENSEE, which report shall set forth the license fee and other charges due and the basis of calculation thereof as well as such other information NAVTECH may reasonably request, including, without limitation, [redacted].
All payments made by LICENSEE to NAVTECH hereunder shall be made by means of good funds or telegraphic transfer of funds in the currency (or officially invoked successor thereof) and to the bank account specified in each Territory License.
LICENSEE shall pay NAVTECH any amount shown to be due by an audit within 10 days of completion of the audit [redacted].
In the event that LICENSEE is late or otherwise in default with respect to any payment due hereunder, LICENSEE shall pay to NAVTECH interest at [redacted] on the sum due from the due date of the payment until the full payment thereof.
Each present and future Territory License shall include an attachment containing end-user terms promulgated and/or approved by NAVTECH which, among other things, restrict use of the NavTech Data to licensed Applications ("End-User Terms").
In addition to all fees and charges required to be paid by LICENSEE to NAVTECH under this Agreement, LICENSEE shall be responsible for and shall pay any and all fees, currency conversion costs, withholdings, taxes, and other costs or charges on such payments and transfers to NAVTECH, exclusive of any income taxes calculated on NAVTECH's net income.
LICENSEE shall pay NAVTECH any and all fees and other charges required under this Agreement within 30 days of the applicable due dates as set forth herein.
All notices required or permitted under this Agreement shall be delivered by hand, fax or nationally recognized overnight courier addressed if to NAVTECH and if to LICENSEE at the NAVTECH Address and the LICENSEE Address, respectively, set forth in ARTICLE 1 of this Agreement, or at such other address as either party shall have furnished to the other in writing.