Technical Support Fee definition
Examples of Technical Support Fee in a sentence
For example, SURMODICS will not apply CABG’s payments for the minimum Technical Support Fee obligations in Table 6 to the cost of parts, materials, or equipment that SURMODICS uses to build coating equipment for CABG.
The annual Technical Support Fee shall be [*] which shall entitle OEM to resolution of up to [*] Incidents per year.
Technical Support Fees and the minimum Technical Support Fee obligations in Table 6 do not include pass-through charges to CABG for parts, materials, or equipment purchased by SURMODICS.
For example, if Distributor purchases only 800 out of 1,000 scanner units Quota during 2008, the Technical Support Fee of USD 47,333 (200 units x 710 / 3) shall be paid to Manufacturer.
SURMODICS ‘ charges for Technical Support Fees during the periods specified in Table 6 will be drawn against CABG’s minimum Technical Support Fee payment for that period.
The Technical Support Fee is not refundable and shall be paid within 15 days after the end of each year.
CABG shall pay SURMODICS the minimum Technical Support Fee obligations set forth in Table 6 below.
SURMODICS shall invoice CABG (as set forth in Paragraph 6 of the Master License Agreement), for SURMODICS’ technical support that exceeds CABG’s minimum Technical Support Fee payment for the respective period in Table 6.
The renewal fee for the first year following the end of the Distribution Term for technical support for the Grandfathered Programs shall be equal to the Grandfathered Technical Support Fee paid for the last year of the Distribution Term plus Oracle’s then current technical support annual percentage increase which shall not exceed 4%.
CABG’s payments for its minimum Technical Support Fee obligation and for technical support that exceeds such minimum obligation during the respective period are not creditable towards any other period and are non-refundable.