Securicor definition
Examples of Securicor in a sentence
The Company shall pay an annual fee of $160,000 to Securicor for the services provided pursuant to this Agreement.
In the event the Company is required to perform any services not specifically contemplated in Section 2 of this Agreement or undertake an extraordinary project in carrying out those services, Securicor 3Net and the Company shall, in good faith, negotiate an additional fee which shall be paid to the Company by Securicor 3Net, and in the event the parties are unable to agree upon the amount of such extra fee, the Company shall not be obligated to perform such additional services.
Securicor shall be responsible for all out-of-pocket expenses incurred by it and its personnel in connection with the performance of such services hereunder.
Nothing herein shall be construed as constituting a partnership, joint venture or agency between the Company and the Securicor 3Net.
The fee shall include all allocable facilities costs including rent, utilities, building services and telecommunications and Securicor 3Net shall not be obligated to pay any additional amounts to the Company as reimbursement for such costs.
Securicor desires to offer the Company the ability to obtain certain international marketing services that Securicor is able to provide to its portfolio companies in a cost effective manner.
Any amounts due to the Company that have not been credited to the Company through the Securicor Payment System prior to thirty (30) days after the date on which payment originally was due shall accrue interest at the standard rate in effect with respect to inter-company borrowing through the Securicor Payment System.
Securicor 3Net desires that 3Net Personnel be able to continue to use the Premises and continue to benefit from the Services and the Company desires to make available the Premises and the Services to Securicor 3Net and 3Net Personnel on the terms and conditions set forth herein.
Any notice or other communication required or permitted to be given under this Agreement must be in writing and will be deemed effective when delivered in person or sent by facsimile, cable, telegram or telex, or by overnight courier or registered or certified mail, postage prepaid, return receipt requested, to the following addresses: If to Securicor 3Net: c/o Securicor Communications Ltd.
Securicor shall perform all of its obligations set forth in Section 1 with all due care, in a commercially reasonable manner, and in a manner consistent with its own administrative practices and standards or the standards prevailing in the telecommunications industry, whichever standard of conduct is more stringent.