Common use of Annual Attachment Fee Clause in Contracts

Annual Attachment Fee. The Licensee agrees to pay to the Licensor for each attachment per pole, as consideration for the permits to place its Equipment on Licensor’s poles as described herein, the annual attachment fee(s) set forth in the Licensor’s Joint Use Schedule to this Agreement. Such annual charges shall be paid within thirty (30) days of Licensee’s receipt of Licensor’s pole count and pole attachment identified itemized invoices in semi-annual installments. In the event Licensor does not receive payment within said thirty (30) day period, a late penalty of one percent (1.0 %) per month may be added on the unpaid amount past due.