Common use of DURATION, COMMENCEMENT AND PLACE Clause in Contracts

DURATION, COMMENCEMENT AND PLACE. 5.1 The Licence will commence on the Commencement Date. 5.2 The Licence will continue in force for an indefinite period or until terminated by either Party in accordance with clause 16 below. 5.3 This Agreement is deemed to be concluded at ▇▇▇▇▇’s physical address recorded herein above. 7.4 The Licence Fee payable will be calculated based on the following amounts: 7.4.1 An amount of R427.92 fee Seating Capacity for up to 10 persons per annum; and 7.4.2 An amount of R54.56 fee for each additional seat per annum.

DURATION, COMMENCEMENT AND PLACE. 5.1 The Licence will commence on the Commencement Date. 5.2 The Licence will continue in force for an indefinite period or until terminated by either Party in accordance with clause 16 below. 5.3 This Agreement is deemed to be concluded at ▇▇▇▇▇’s physical address recorded herein above.physical 7.4 7.3 The Licence Fee payable will be calculated based on the following amounts: 7.4.1 7.3.1 An amount of R427.92 R59.76 per seat. 7.3.2 The above is subject to a minimum annual fee Seating Capacity for up to 10 persons per annum; and 7.4.2 An amount of R54.56 fee for each additional seat per annumR763.59.