IRU Fee Clause Samples
The IRU Fee clause defines the payment obligations associated with an Indefeasible Right of Use (IRU) agreement, typically involving telecommunications infrastructure such as fiber optic cables. This clause specifies the amount, timing, and method of payment for the right to use a specified portion of network capacity for a long-term period, often as a lump sum or structured installments. Its core function is to ensure both parties have a clear understanding of the financial terms governing the IRU, thereby preventing disputes over payment and securing the provider’s compensation for granting long-term usage rights.
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IRU Fee. The US Xchange IRU fibers in Norlight Cable described above will be exchanged for Norlight IRU fibers in US Xchange Cable described in Exhibit A-1. Exact mileage for each segment in Exhibit A-1 and B-1 will be calculated upon completion of construction. The party which has constructed less mileage will pay the other party $*** per mile for the mileage difference. IRU fees due for Exhibits A-1 and B-1 will be reconciled and the net amount due will be paid to the receiving party upon the acceptance of all segments described in Exhibits A-1 and B-1. Maintenance by: Norlight Telecommunications, Inc.
IRU Fee. Upon Acceptance of the IRU Fibers and in consideration of the grant of the IRU by McLeodUSA to IRU Grantee, IRU Grantee shall pay McLeodUSA the balance of the IRU Fee set forth in Exhibit A. The IRU Fee shall be calculated in United States dollars per fiber per route mile for the applicable McLeodUSA Cable Segment in which the IRU Grantee receives an IRU hereunder. The Segments and actual route miles used to calculate the IRU Fee shall be set forth in Exhibit A. The IRU Fee shall be paid within thirty (30) days after Acceptance, unless otherwise specified in this Agreement. Payment provisions specified in Exhibit A shall supersede this provision.
IRU Fee. Operator agrees to pay to Tacoma Power an annual fee (“IRU Fee”) in accordance with the following amounts: First Year of the Term: $2,500,000 Second Year of the Term: $2,625,000 Third Year of the Term: $2,750,000 Fourth Year of the Term: $2,875,000 Fifth Year of the Term: $3,000,000 Each subsequent year of the Term following the Fifth Year, the IRU Fee shall be adjusted on the anniversary of the Effective Date to reflect the Consumer Price Index Increase. If there is no Consumer Price Index Increase (i.e., there is deflation during the relevant period), there shall be no reduction in the IRU Fee from the prior year.
IRU Fee. Asia Netcom shall pay (for and on behalf of itself and its Subsidiaries) to EAN Network (for and on behalf of itself and its Subsidiaries) the IRU Fee for the Initial Capacity or any Segment of the Overhang Capacity activated hereunder as compensation for the IRU granted hereunder with respect to such Capacity and the performance by EAN Network and its Subsidiaries of their respective obligations hereunder. The IRU Fee for the Initial Capacity and each Segment of the Overhang Capacity activated hereunder are set forth in Schedule 2 and shall be paid in the manner and at the times set forth in this Article 3 and Schedule 2.
IRU Fee. The Norlight IRU Fibers in the US Signal Cable described above will be exchanged for US Signal IRU Fibers in Norlight Cable described in Exhibit B-3.
IRU Fee. The Norlight IRU fibers in US Xchange Cable described above will be exchanged for US Xchange IRU fibers in Norlight Cable described in Exhibit B-2. Exact mileage for each segment in Exhibit A-2 and B-2 will be calculated upon completion of construction. Construction charges will be calculated based on each party’s proportionate share of fibers. The party which has constructed less mileage will pay the other party for mileage difference using a base construction rate of $*** per mile on all routes except ***, which will be paid at a rate of $*** per mile, and will pay fiber charges at a rate of $*** per fiber mile.
IRU Fee. In consideration for the Interim Service and the IRUs granted hereunder in the Capacity, @Home shall pay AT&T ninety million dollars ($90,000,000) (the "IRU Fee") payable in accordance with the schedule set forth in Exhibit I (Payment Terms).
IRU Fee. In consideration for the Interim Service and the IRUs granted hereunder in the Capacity, @Home shall pay AT&T [*].
IRU Fee. In consideration of the grant of the IRU hereunder by ▇▇▇▇▇ and SCL, both parties agree to pay an IRU Fee in the amount of and according to the schedule set forth in Exhibit B ("IRU Fee"). The IRU Fee shall be due and payable as set forth in Exhibit B and paid within thirty (30) days of invoice receipt, with the first such invoice accompanied with a corresponding W-9.
IRU Fee. 3.01 In consideration of the IRU, Grantee agrees to pay to Grantor the sums, and at the time or times, described on Exhibit "B" (the "IRU Fee").
3.02 In addition to the IRU Fee, Grantee shall pay directly or reimburse Grantor for all other sums, costs, fees and expenses which are expressly provided to be paid by Grantee under this Agreement, including, without limitation, the Recurring Charge.
3.03 Grantor will send Grantee invoices for payments of the IRU Fee and other amounts due and owing hereunder, and Grantee shall pay such invoiced amounts within thirty (30) days after receipt of such invoice. Similarly, for any sums, costs, fees, refunds and expenses owed by Grantor to Grantee, unless specified otherwise herein, Grantee will send Grantor an invoice setting forth the amounts owed, and Grantor shall pay such amounts within thirty (30) days after receipt of such notice. Any sums not paid when due hereunder shall bear interest at the Prime Rate plus ***.