General transaction principles Sample Clauses

General transaction principles. The Group shall conduct reviews and evaluations of the fees payable under the 2024 Business Travel Services Master Purchase Agreement with reference to the rates quoted by other independent third party service providers of comparable services, in order to ensure that the transactions under such agreement are conducted on normal commercial terms. Where it is impracticable to make reference to the rate of the service fees offered by independent third party service providers for comparable services, the Group will take into consideration (i) terms of market transaction of a similar size and nature recently entered into by the Group or independent third party(ies), and the latest market information of such independent third party provider(s); and (ii) the cooperative specifications, cost structure, profit margin, market condition and development strategy in determining the rate for the fees payable by the Group pursuant to the 2024 Business Travel Services Master Purchase Agreement, to ensure the terms of the agreement are in the interest of the Group.
Sample 1See All (9)
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General transaction principles. The transactions contemplated under the 2021 Master Purchase Agreement shall be conducted on a non-exclusive basis. The Group will solicit at least two other quotations from unrelated third parties for the purchase of the Relevant Products and/or Relevant Services to determine if the purchase price quoted by the relevant Alibaba Affiliate is fair and reasonable and comparable to those offered by unrelated third parties. Where it is impracticable for the Group to solicit at least two other quotations from unrelated third parties for the purchase of the Relevant Products and/or Relevant Services, the Group will determine the purchase price of the Relevant Products and/or Relevant Services based on arm’s-length negotiation taking into consideration the comparable price of the products/services of the similar category of products and/or services as the Relevant Products and/or Relevant Services (such as the purchase price charged by the relevant Alibaba Affiliate to unrelated third parties for products/services of the similar category of products and/or services as the Relevant Products and/or Relevant Services), the product and/or service specifications, cost structure, profit margin, transaction volume, transaction amount, freight terms, market condition and development strategy. A dedicated team of the Group will monitor and review the purchase prices of the Relevant Products and/or Relevant Services regularly, in order to ensure that the transactions under the 2021 Master Purchase Agreement shall not, in any event, exceed the average market price for similar products and services to the Relevant Products and the Relevant Services respectively.
Sample 1
General transaction principles. The Group shall conduct reviews and evaluations of the fees receivable under the 2024 Human Resources Services Master Supply Agreement with reference to the rates quoted by other independent third party service providers of comparable services, in order to ensure that the transactions entered into under such agreement are conducted on normal commercial terms. Where it is impracticable to make reference to the rate of the service fees offered by independent third party service providers for comparable services, the Group will take into consideration (i) terms of market transactions of a similar size and nature recently entered into by the Group or independent third party(ies), and the latest market information of such independent third party provider(s); and (ii) the cooperative specifications, cost structure, profit margin, market condition and development strategy in determining the rate for the fees receivable by the Group pursuant to the 2024 Human Resources Services Master Supply Agreement, to ensure the terms of the agreement are in the interest of the Group. (iii) The historical transaction amounts and the proposed annual caps (iv) Basis for the proposed annual caps a) the historical amount of fees received by the Group in respect of the supply of human resources-related services to the Alibaba Affiliates; b) the increase in scale and operation of Shanghai Runhe’s business; and c) the anticipated demand for the Company’s human resources-related services. (v) Reasons for and benefits of entering into the 2024 Human Resources Services Master Supply Agreement (i) the entering into of the 2024 Human Resources Services Master Supply Agreement and the proposed annual caps thereunder are fair and reasonable and are in the interests of the Company and its Shareholders as a whole; and (ii) the 2024 Human Resources Services Master Supply Agreement and the transactions contemplated thereunder were entered into on normal commercial terms or better and in the ordinary and usual course of business of the Group. (vi) Listing Rules implications of the 2024 Human Resources Services Master Supply Agreement
Sample 1
General transaction principles. The Group shall conduct review and evaluation of the fees chargeable under the 2021 Master Supply Agreement with reference to the rates quoted by other independent third party service providers of comparable products and/or services in order to ensure that the fees under such agreements are conducted on normal commercial terms. Where it is impracticable to make reference to the rate of the fees chargeable for the products and/or services offered by independent third party service providers for comparable products and/or services, the Group will take into consideration the specifications, cost structure, profit margin, market condition and development strategy in determining the rate for the fees chargeable by the Group pursuant to the 2021 Master Supply Agreement, ensuring the terms of the agreements are in the interest of the Group.
Sample 1
General transaction principles. The Group shall conduct review and evaluation of the fees payable under the 2021 Master Business Cooperation Agreement with reference to the rates quoted by other independent third party service providers of comparable services, in order to ensure that the fees under such agreements are conducted on normal commercial terms. Where it is impracticable to make reference to the rate of the service fees offered by independent third party service providers for comparable services, the Group will take into consideration the cooperative specifications, cost structure, profit margin, market condition and development strategy in determining the rate for the fees payable by the Group pursuant to the 2021 Master Business Cooperation Agreement, ensuring the terms of the agreements are in the interest of the Group.
Sample 1
General transaction principles. The transactions contemplated under the Master Technical Services Agreement (including, for the avoidance of doubt, the Subsisting Technical Services Agreements) shall be conducted on a non-exclusive basis. The Group will solicit at least two other quotations from unrelated third parties for the purchase of the Relevant Technical Services to determine if the purchase price quoted by the Taobao China Group and/or the Alipay Group (as the case may be) is fair and reasonable and comparable to those offered by unrelated third parties. Where it is impracticable for the Group to solicit at least two other quotations from unrelated third parties for the purchase of the Relevant Technical Services, the Group will determine the purchase price of the Relevant Technical Services based on arm’s-length negotiation between the parties taking into consideration the comparable price of the services of the similar category of services as the Relevant Technical Services (such as the purchase price charged by the Taobao China Group entities and/or the Alipay Group entities (as the case may be) to unrelated third parties for services of the similar category of the Relevant Technical Services), the service specifications, cost structure, profit margin, transaction volume, transaction amount, freight terms, market condition and development strategy. A dedicated team of the Group will monitor and review the purchase price for the Relevant Technical Services regularly in order to ensure that the transactions under the Master Technical Services Agreement are conducted on normal commercial terms.
Sample 1

Related to General transaction principles

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