Examples of Monthly Minimum Fee in a sentence
Buyer would not have entered into this Agreement and agreed to provide Seller with the factoring arrangements hereunder unless Seller guaranteed Buyer that the Factoring Fees paid to Buyer in each month would equal or exceed the Monthly Minimum Fee.
In the event the Factoring Fees paid during any month is less than the Monthly Minimum Fee, then Seller shall pay to Buyer the amount of any deficiency (the Supplemental Fee), which shall be in addition to any other fees payable under this Agreement.
Notwithstanding anything to the contrary in any other part of the Master Agreement or an XaaS Agreement, You must pay: (i) the Monthly Minimum Fee, irrespective of Your actual usage of the XaaS Services; and (ii) the Termination Payment, if any is set forth in the XaaS Agreement, where You have exercised Your right to terminate the XaaS Agreement for convenience, or Hitachi has exercised its right to terminate EverFlex the XaaS Agreement for cause under these Terms.
The Monthly Minimum Fee is applied when the calculated basis point fee is less than the minimum.
Monthly Minimum Fee: the minimum level of Fees that You must pay to Hitachi or the Hitachi Partner (as the case may be) for the supply of the XaaS Services on a monthly basis during the Initial Service Period or a Renewal Service Period (as the case may be), as set out in the applicable XaaS Agreement.