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 annual fee of R51.49 per seat for every facility with capacity up to the first 50 seats; thereafter 7.4.2 An annual fee of R40.90 for every additional seat from 51 to 75; thereafter 7.4.3 An annual fee of R30.82 for every additional seat from 76 to 100; thereafter 7.4.4 An annual fee of R25.63 for every additional seat over 100. 7.4.5 All the above are subject to a minimum annual fee of R860.92.

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 annual fee of R51.49 R49.32 per seat for every facility with capacity up to the first 50 seats; thereafter 7.4.2 An annual fee of R40.90 R39.18 for every additional seat from 51 to 75; thereafter 7.4.3 An annual fee of R30.82 R29.52 for every additional seat from 76 to 100; thereafter 7.4.4 An annual fee of R25.63 R24.55 for every additional seat over 100. 7.4.5 All the above are subject to a minimum annual fee of R860.92R824.63.