Common use of Program Fee Clause in Contracts

Program Fee. On or before the Commencement Date, and no later than the 5th day of each month thereafter, TENANT must pay A&M SYSTEM a program fee in the amount of $________________ per month (the “Program Fee”). The Program Fee will be prorated for any partial month. At any time during the term of this Agreement, the Innovation Center’s Director, in his discretion, may require TENANT to pay a damage deposit (“Deposit”) of twice the amount of the monthly Program Fee, and may use the Deposit to offset any fees and costs incurred by TENANT under the terms of this Agreement. Program Fees and any other payments hereunder must be made to: Texas A&M University-Corpus Christi ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇ ATTN: Accounts Receivable

Program Fee. On or before the Commencement Date, and no later than the 5th day of each month thereafter, TENANT must shall pay A&M SYSTEM a program fee in the amount of $________________ per month (the “Program Fee”). The Program Fee will shall be prorated for any partial month. At any time during the term of this Agreement, the Innovation Center’s Director, in his discretion, may require TENANT to pay a damage deposit (“Deposit”) of twice the amount of the monthly Program Fee, and may use the Deposit to offset any fees and costs incurred by TENANT under the terms of this Agreement. Program Fees and any other payments hereunder must shall be made to: Texas A&M University-Corpus Christi ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇ ATTN: Accounts Receivable