Upkeep Fee definition

Upkeep Fee means a fee determined from time to time and listed on a Membership Application Form. Upkeep Fees may be charged on a quarterly basis each 1 January, 1 April, 1 July and 1 October, or the next business day, or otherwise charged on the membership commencement date for upfront memberships. Fees are charged on the first full quarter of each membership and for each full or part- quarter thereafter.