Adjustment of Management Fee to satisfy transfer pricing requirements Sample Clauses

Adjustment of Management Fee to satisfy transfer pricing requirements. Both the Manager and the Submanager have the right to demand an adjustment of the Management Fee, to the extent required in order for the Management Fee to satisfy the transfer pricing provisions applicable under the tax law of either party’s tax jurisdiction. The Party requiring such adjustment shall notify the other Party thereof in writing, no later than 60 days after the date when the Submanager’s annual accounts for the relevant year have been finalised and audited. Any such adjustment shall be settled by payment of the adjustment amount between the Parties no later than 15 days after agreement on the adjustment amount has been reached.
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Related to Adjustment of Management Fee to satisfy transfer pricing requirements

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