Transit Fees definition
Examples of Transit Fees in a sentence
Over a period of 3 ½ years commencing upon the signing of the AFRC, Sudan shall receive a Total Net Cash Transfer from South Sudan amounting to approximately $3.245 billion comprising of a Direct Financial Contribution, Transit Fees and a CPF Profit Component.
Notwithstanding the foregoing, (a) no Transit Fees shall be due or payable during the first twenty-four (24) months of the Term, and (b) in no event shall Tenant’s share of Transit Fees exceed ten cents ($.10) per square foot of Rentable Area in the Premises per calendar year, not to exceed Thirty-Five Thousand Dollars ($35,000) per calendar year.
Further, if at any time a Network Operator or other Third-Party changes the Transit Fee on phone numbers then (i) Company shall pass through such fees to Customer at cost, (ii) Company shall promptly notify Customer of any such change to Transit Fees following Company’s receipt of such change, and (iii) Customer will have the right to terminate the Messaging Service at any time within ninety (90) days following receipt of such notice of Transit Fee change.
In no event shall Lessee’s share of Transit Fees exceed ten cents ($0.10) per year per rentable square foot of Improvements located on the Premises, subject to annual adjustment (as of the first day of each Lease Year commencing on the Adjustment Date) to reflect percentage increases or decreases in the Index.
Notwithstanding the foregoing or any other provision hereof to the contrary, (a) Lessee shall not be required to pay any Transit Fees for programs that do not serve the Premises, and (B) in the event Lessee is operating its own commuter transit service (such as, but not limited to, a shuttle bus or van service), Lessee shall not be obligated to pay any Transit Fees so long as such service is in effect.
Transit Fees shall be paid by Tenant in the manner described above for the payment of Insurance Costs.
In the event Lessor determines in its reasonable discretion that any Lessee transit program then being provided is not comparable to Lessor’s then-existing program, Lessor shall have the right to require Lessee to pay Transit Fees as provided above.
Lessee’s share of Transit Fees shall be assessed pro rata and on a non- discriminatory basis, based on a reasonable standard applied in a non-discriminatory manner by Lessor (for example, based on the rentable area of the Improvements as compared to the total rentable area of the Stanford Research Park, or based on the average employee headcount in the Premises as compared to the overall employee density of the Stanford Research Park).
The International Transit Fees are for an international circuit from AOL in Virginia - USA, terminating in one of EMBRATEL's operations buildings in Sao Paulo - Brazil.