Data Fee. Seller will collect through the deduction of earned revenue due the Buyer a fee charged by the global cellular connectivity service provider, who charges a monthly fee of $3 per GOAT scooter which includes 30 MB of data, thereafter $0.08/MB used. Irrespective of whether the Product is being used or not the minimum charge of $3 per GOAT per month per scooter is payable. In the event the monthly rental revenue earned by the Buyer is not sufficient to cover the minimum charge, this amount will be invoiced to the Buyer monthly in arrears. Buyer must settle the outstanding amount promptly. If Buyer fails to make payment when due to Seller for the Products, and has not corrected the delay within five working days of having received a written reminder from the Seller, Buyer will be in Default of this agreement. Seller may increase the rates for Data annually by delivering written notice to Buyer thereof at least sixty (60) days prior to the end of the Initial Term or a Renewal Term and, unless the parties agree otherwise in writing, the new price(s) will be effective automatically on first day of the Renewal Term immediately following such notice.
Appears in 2 contracts
Sources: Independent Contractor Purchase and Services Agreement, Independent Contractor Purchase and Services Agreement