Examples of License Payment in a sentence
For subsequent Renewal Terms, if any, Licensee shall pay Department in accordance with the License Payment Schedule set forth in Exhibit B.
At such time, based on the reported Total Gross Revenue, performance of the License Operation, and/or Department’s existing rates for similarly-performing operations, Department may choose to increase the License Payment for the following Renewal Term(s), if any.
Failure on the part of Licensee to submit the required License Payment upon return of the Licensee-signed Agreement will result in the non-execution of the Agreement and the Agreement shall be considered null and void.
For the Renewal Term, if any, Licensee shall pay Department in accordance with the License Payment Schedule set forth in Exhibit B.
For the Initial Term of the Agreement, Licensee shall pay Department a minimum License Payment of Three Hundred ($300.00) Dollars upon return of the Licensee-signed Agreement as consideration for the license and privilege granted.