Change Billing Frequency

Before changing Billing Frequency

Billing Day of Month = 1st

Billing Frequency = Monthly

Calendar Cycle Start = June

Net Price = $600.00 ($100.00 per month)

Schedule	Period Start	Period End	Status	Fee Amount
BS1	3/1/2015	3/31/2015	Invoiced	100.00
BS2	4/1/2015	4/30/2015	Invoiced	100.00
BS3	5/1/2015	5/31/2015	Invoiced	100.00
BS4	6/1/2015	6/30/2015	Invoiced	100.00
BS5	7/1/2015	7/31/2015	Invoiced	100.00
BS6	8/1/2015	8/31/2015	Pending Invoiced	100.00

After changing Billing Frequency

Amendment Date = 4/16

Billing Frequency = Quarterly

Calendar Cycle Start = June

Net Price = $450.00
Since the new Term is now 4/16 – 8/31 (4 ½ months) and the new Net Price is $450, the Fee amount will be $300.00 per quarter.

Schedule	Period Start	Period End	Status	Fee Amount	Superseded	Credit Schedule
BS1	3/1/2015	3/31/2015	Invoiced	100.00
BS2	4/1/2015	4/30/2015	Invoiced	100.00	Yes
BS7	4/16/2015	4/30/2015	Pending Billing	-50.00		BS2
BS8	4/16/2015	5/31/2015	Pending Billing	150.00
BS3	5/1/2015	5/31/2015	Invoiced	100.00	Yes
BS9	5/1/2015	5/31/2015	Pending Billing	-100.00		BS3
BS4	6/1/2015	6/30/2015	Invoiced	100.00	Yes
BS10	6/1/2015	6/30/2015	Pending Billing	-100.00		BS4
BS11	6/1/2015	8/31/2015	Pending Billing	300.00
BS5	7/1/2015	7/31/2015	Invoiced	100.00	Yes
BS12	7/1/2015	7/31/2015	Pending Billing	-100.00		BS5
BS6	8/1/2015	8/31/2015	Superseded	100.00	Yes

Note

Because the amendment took place on 4/16 and the Calendar Cycle Start is June, the 1st period will be from 4/16 - 5/31. After that, the quarters will align with 6/1 so the next period will be from 6/1 to 8/31. If the Calendar Cycle Start was None then the 1st period would be from 4/16 - 4/30.