Compensation of Service Company. As consideration for the services provided by Service Company under this Agreement, Service Company shall receive a service fee (the "Service Fee") in an amount equal to: (i) Service Company Costs, plus (ii) an amount equal to the lesser of Net Pre-Tax Income or 30% of Net Revenues.
Compensation of Service Company. As compensation for such services rendered to it by Service Company, Client Companies hereby agree to pay to Service Company the cost of such services, computed in accordance with applicable rules and regulations (including, but not limited to, Rules 90 and 91) under the Act and appropriate accounting standards. Compensation to be paid by Client Companies shall include direct charges and Client Companies' fairly allocated pro rata share of certain of Service Company's costs, determined as set out on Schedule 2, attached hereto and made a part hereof.
Compensation of Service Company. As compensation for such services rendered to them by Service Company, Client Companies hereby agree to pay to Service Company the cost of such services, computed in accordance with applicable rules and regulations, including any applicable rules and regulations of the FERC, and appropriate accounting standards, i.e., the Uniform System of Accounts for Service Companies (18 C.F.R. Part 367). Service Company costs will be classified into either a direct, direct allocated or indirect category. Direct costs are defined as costs that can be identified as being applicable to services performed for a single Client Company or group of Client Companies. Costs applicable to a single Client Company will be directly charged to that Client Company. Costs applicable to two or more Client Companies will be distributed based on allocation factors listed in Appendix A and defined in Appendix B. These factors will be assigned to a Service Request project (as defined in Section 4 below) based on the nature of the activity being performed by Service Company. Service Request processing captures all of the costs assigned to Service Request projects and distributes the costs based on the allocation factor results. Indirect Costs shall include those costs of a general overhead basis which cannot be identified to a single Client Company or group of Client Companies. These indirect costs are defined as either functional or corporate in nature. Functional indirect costs, such as office supplies and secretarial labor, will be accumulated by functional area and distributed to Client Companies based on the ratio of total direct and direct allocated costs charged to the Client Company by a particular functional area as compared to all such costs charged to all Client Companies and Other Client Companies. Indirect costs identified as corporate in nature, such as the Service Company’s banking activities and rent, will be distributed to Client Companies based on the ratio of total direct and direct allocated costs charged to the Client Company by Service Company as compared to all such costs charged to all Client Companies and Other Client Companies. Overhead costs associated with labor, such as pensions, benefits and payroll taxes will be charged to the Client Company based on Service Company labor costs charged to the Client Company. Compensation to be paid by Client Companies shall include direct charges, indirect charges and Client Companies’ pro rata share of Service Company’s direct...
Compensation of Service Company. (a) Assignment to Service Company. P.C. assigns to Service Company all of P.C.'s right and interests in all Revenues such that all Revenues shall be paid to and collected by Service Company and all Revenues of P.C. (and all accounts receivable relating thereto) shall be reported on the income statement and balance sheet of Service Company during the term of this Agreement; provided, however, that no assignment shall be made of any such rights or interests, the assignment of which is prohibited by law (for example, amounts receivable from Medicare or Medicaid accounts). P.C. hereby issues a standing instruction, which it shall confirm upon request from time to time, that all payments due to P.C. shall be remitted directly to Service Company as its agent and attorney-in-fact hereunder. To the extent that the foregoing assignment of Revenues shall be ineffective for any reason, P.C. hereby grants a security interest in all accounts receivable, contract rights, Revenues and general intangibles of P.C. to Service Company to secure all indebtedness and obligations of P.C. to Service Company arising under or in connection with this Agreement. At the request of Service Company, P.C. shall execute all documents and instruments necessary to evidence and perfect the foregoing security interest.
Compensation of Service Company. As compensation for the services to be rendered hereunder, Client Companies listed in Attachment A hereto, as amended from time to time, shall pay to Service Company all costs which reasonably can be identified and related to particular services provided by Service Company for or on Client Company's behalf (except as may otherwise be permitted by the SEC). Client Companies listed in Attachment B hereto, as amended from time to time, shall pay to Service Company charges for services that are to be no less than cost (except as may otherwise be permitted by the SEC), insofar as costs can reasonably be identified and related by Service Company to its performance of particular services for or on behalf of Client Company. The factors for assigning or allocating Service Company costs to Client Company, as well as to other associate companies, are set forth in Schedules 1 and 2 attached hereto. Attachments A and B and Schedules 1 and 2 are each expressly incorporated herein and made a part hereof.
Compensation of Service Company. As compensation for the services to be rendered hereunder, the Client Company shall pay to the Service Company all costs which reasonably can be identified and related to particular services performed by the Service Company for or on Client's behalf. Where more than one Client Company is involved in or has received benefits from a service performed, costs will be directly assigned, distributed or allocated, between or among such companies on a basis reasonably related to the service performed. It is the intent of this Service Agreement that the payment for services rendered by the Service Company to the Client Companies under this Service Agreement shall cover all the costs of its doing business (less the cost of services provided to associated companies not a party to this Service Agreement and other non-associated companies), including but not limited to, salaries and wages, office supplies and expenses, outside services employed, insurance, injuries and damages, employee benefits, miscellaneous general expenses, rents (including property leased from Client Companies for use by the Service Company), maintenance of structures and equipment, depreciation and amortization, and compensation for use of capital. The method of assignment, distribution or allocation of costs described below shall be subject to review annually, or more frequently if appropriate. Such method of assignment, distribution or allocation of costs may be modified or changed by the Service Company upon the express approval of the modification by each affected Client Company without the necessity of an amendment to this Service Agreement provided that in each instance, costs of all services rendered hereunder shall be fairly and equitably assigned, and notice of such change is provided to the Client Company. Such Costs shall be determined in accordance with subparagraphs 6A, 6B, and 6C below.
Compensation of Service Company. As compensation for Services actually requested by EPI and rendered to it by Service Company, EPI hereby agrees to pay to Service Company an amount equal to (a) the cost of such Services, computed in accordance with applicable rules and regulations (including, but not limited to, Rules 90 and 91) under the Act and appropriate accounting standards, plus (b) a charge of 5% of such cost. The cost of Services under (a) above shall include direct charges and EPI's pro rata share of certain of Service Company's costs and shall be determined as outlined in Exhibits I and II attached hereto and incorporated herein by reference. Bills for Services will be rendered on or before the 15th day of the succeeding month and will be payable on or before the 25th day of such month.
Compensation of Service Company. As compensation for Services actually requested by Client Company and rendered to it by Service Company, Client Company hereby agrees to pay to Service Company the cost of such Services. Bills will be rendered for the amount of such cost on or before the 10th day of the suc- ceeding month and will be payable on or before the 20th day of such month. Cost of Services to be paid by Client Company shall include direct charges and Client Company’s pro rata share of certain of Service Company’s costs, determined as set forth below:
Compensation of Service Company. As compensation for such services rendered to them by Service Company, Client Companies hereby agree to pay to Service Company the cost of such services, computed in accordance with applicable rules and regulations (including, but not limited to, Rules 90 and 91) under the Act and appropriate accounting standards. Compensation to be paid by Client Companies shall include direct charges and Client Companies' fairly allocated pro rata share of certain of Service Company's costs, determined as set out on Schedule 2, attached hereto and made a part hereof. Service Company costs will be classified into either a direct or indirect category. Direct costs are defined as costs that can be identified as being applicable to services performed for a single Client Company or group of Client Companies. Costs applicable to a single Client Company will be directly charged to that company. Costs applicable to two or more Client Companies will be distributed based on direct allocation factors found in Schedule 1. These factors will be assigned to a Service Request based on the nature of the activity being performed by the Service Company. Indirect Costs shall include those costs of a general overhead basis which cannot be identified to a single Client Company or group of Client Companies. These indirect costs are defined as either functional or corporate in nature. Functional indirect costs, such as office supplies or secretarial labor, will be accumulated by function and distributed to Client Companies based on the ratio of total direct and direct allocated costs charged to the Client Company by a particular function as compared to all such costs charged to all Client Companies. Indirect costs identified as corporate in nature, such as the Service Company’s property taxes and insurance costs will be distributed to Client Companies based on the ratio of total direct and direct allocated costs, charged to the Client Company by the Service Company as compared to all such costs charged to all Client Companies. Overhead costs associated with labor, such as pensions and benefits, payroll taxes and injuries & damages expense will be charged to the Client Company based on the Service Company labor costs charged to the Client Company. All of the Service Company direct costs, indirect costs, and overhead costs charged to the Client Companies shall reflect the actual costs of the Service Company.
Compensation of Service Company. As compensation for Services actually requested by EEI and rendered to it by Service Company, EEI hereby agrees to pay to Service Company (except as described in Article 5B) an amount equal to (a) the cost of such Services, computed in accordance with applicable rules and regulations (including, but not limited to, Rules 90 and 91) under the Act and appropriate accounting standards, plus (b) a charge of 5% of such cost. The cost of Services under (a) above shall include direct charges and EEI's pro rata share of certain of Service Company's costs and shall be determined as outlined in Exhibits I and II attached hereto and incorporated herein by reference. Bills for Services will be rendered on or before the 15th day of the succeeding month and will be payable on or before the 25th day of such month.
