Option Charge Clause Samples

An Option Charge clause defines the fee or cost associated with exercising a contractual option, such as extending a lease, purchasing additional goods, or accessing extra services. This clause specifies the amount to be paid, the timing of payment, and any conditions under which the charge applies. By clearly outlining the financial implications of choosing an option, the clause ensures both parties understand the costs involved and helps prevent disputes over additional charges.
Option Charge. 2.1 The Option Fee shall be the Auction Clearing Price as determined in Section 3 of Schedule 2. 2.2 The Option Charge for each Payment Period in the Supply Period is the total of all charges below. 2.2.1 The sum of the Contracted Options nominated as Active Options multiplied by the Option Fee.
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Option Charge. Nikkei Business Daily Viewer 1 ID: ￡12.00 Nikkei MJ (Marketing Journal) Viewer 1 ID: ￡ 8.00 Nikkei Personnel Watch 1 ID: ￡ 4.00
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Option Charge. 2.1 The Option Fee shall have the meaning as defined in the Definitions. 2.2 The Option Charge for each Payment Period in the Supply Period is the total of all charges below: 2.2.1 The sum of the Contracted Options nominated as Active Options multiplied by the Option Fee; 2.2.2 The sum of the Firm Contracted Options nominated as Exercisable Options multiplied by the Booking Fee;
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Option Charge. 2.1 The Option Fee shall be the Auction Clearing Price as determined in Section 3 of Schedule 2. 2.2 The Option Charge for each Payment Period in the Supply Period is the total of all charges below. 2.2.1 The sum of the Contracted Options nominated as Active Options multiplied by the Option Fee. 2.2.2 For Payment Period September 2002 inclusive the sum of the Firm Contracted Options nominated as Exercisable Options, less the number of Contracted Options the VIPP Supplier still holds from VIPP1, multiplied by the Booking Fee. 2.2.3 For Payment Period September 2002 inclusive the sum of the Non- Firm Contracted Options nominated as Exercisable Options multiplied by the Booking Fee. (For the September 2002 Payment Periods no charge shall be made for Non-Firm Contracted Options nominated as Exercisable Options). 2.2.4 Any rebate due under the Winter Peak Management Programme. 2.2.5 Any rebate of Booking Fees paid for Exercisable Options that have been nominated as Active Options as determined in Section 2.4 of this Schedule 2.3 Contracted Options nominated as Relinquished Options shall incur no fees and the VIPP Supplier loses all rights to these Contracted Options 2.4 For each Contracted Option, which had previously been nominated as an Exercisable Option, nominated for the Payment Period as an Active Option a rebate will be made of all Booking Fees paid to date. The maximum rebate in any one month will not exceed the Option Fee.
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Related to Option Charge

  • Cancellation Charge In the event of a Network Rail Cancellation or a Train Operator Cancellation the party cancelling the Service (the "Cancelled Service") shall pay a Cancellation Charge, Ct, which shall be equivalent to:

  • Termination Charges Any provision requiring the Agency to pay a fixed amount or liquidated damages upon termination of the agreement is hereby deleted. The Agency may only agree to reimburse a Vendor for actual costs incurred or losses sustained during the current fiscal year due to wrongful termination by the Agency prior to the end of any current agreement term.

  • Cancellation Charges Except as provided herein, no cancellation charges shall apply.

  • Early Termination Charges ‌ 4.1. Each Wholesale Service is subject to a Minimum Service Term. 4.2. If: 4.2.1. a Service Provider terminates or otherwise relinquishes a Wholesale Service prior to the expiry of the applicable Minimum Service Term (other than where the Service Provider has terminated the Agreement or the applicable Service Order in accordance with clause 22.1 of the General Terms); or 4.2.2. the LFC terminates the supply of a Wholesale Service prior to the expiry of the applicable Minimum Service Term in accordance with clause 22.1 of the General Terms, and that Wholesale Service is or was the first Wholesale Service to be provided to the relevant End User Premises, Service Provider Premises or NBAP (as applicable) using the LFC Network (an Early Termination Event) then early termination charges (Early Termination Charges) may be payable by the Service Provider. 4.3. This section 4 sets out when Early Termination Charges are payable by the Service Provider and how those Early Termination Charges are calculated. 4.4. The LFC may, at its discretion, elect to waive Early Termination Charges that become payable by the Service Provider.

  • TRANSACTION CHARGES will be charged for each transaction recorded on the shareholder accounting system, including, but not limited to, the following transactions: · Share purchases; · Share redemptions; · Fund liquidations; · Dividends; · Wire order purchases and redemptions (placement and confirmations); · Exchanges; · Account maintenance such as address changes; · Transfers; and · Account opening. For transactions within the 529 portfolios, FTIS will allocate the transaction fee on a pro-rata basis to the underlying Funds based on the 529 portfolio's holdings in such Funds.