Common use of Service and Maintenance Fees Clause in Contracts

Service and Maintenance Fees. 6.2.1. Accuray will provide preventive maintenance and timely equipment failure repairs free of charge, as long as Institution generates the Best Effort Basic Service Case Volumes listed in Schedule 2. 6.2.2. If, at the end of any given year, Institution does not meet its Best Effort Basic Service Case Volumes for that year, then Accuray will invoice Institution at the end of that year for Accuray's then current basic service rates, currently $275,000 per year. Accuray gives Institution the option to buy case volumes for 50% of the previous year's average technical fee collected per case/patient to reach Best Effort Basic Service Case Volumes.

Appears in 2 contracts

Sources: Cyberknife G4 Placement Agreement, Cyberknife G4 Placement Agreement (Accuray Inc)