Common use of Annual Adjustment of USAGE FEE Clause in Contracts

Annual Adjustment of USAGE FEE. The USAGE FEE for each existing SLA shall automatically be increased by three percent (3%) on each July 1st and the USAGE FEE shall increase to the current USAGE FEE applicable under the MASTER AGREEMENT on the first day of each SLA EXTENSION TERM.

Annual Adjustment of USAGE FEE. The USAGE FEE for each existing SLA shall automatically be increased increasedincrease by three percent (3%) on each July T-26940/ 1239895_2 8 1st and the USAGE FEE shall increase to the current USAGE FEE applicable under the MASTER AGREEMENT on the first day of each SLA EXTENSION TERM.