Common use of LEASING FEE AND ITS PAYMENT Clause in Contracts

LEASING FEE AND ITS PAYMENT. 2.1 For uses of Party B's abovementioned Proprietary Property by Party A, Party A shall pay a leasing fee according to market rental value (real estate management fee included). Specific leasing fees stipulated in accordance with such principles are stated in the Schedule 1 to this appendix. 2.2 For uses of the abovementioned Third Party's Property by Party A, Party A shall only need to pay such leasing fee as was actually paid by Party B to the third party (such royalty is subject to Party A's prior review and confirmation) as well as taxes and levies stipulated by the government. Party B shall not demand any other charges from Party A. 2.3 Party A shall verify the number of premises by March 15th and September 15th each year and pay the leasing fee for the first half year and the second half year by March 25th and September 25th, respectively, of the current year. 2.4 For arrears in royalty payment by Party A, an overdue penalty equivalent to 0.03% of the arrears shall be paid by Party A to Party B for each day of arrears. 2.5 Party B shall be liable for all taxes related to the Party B's Proprietary Property that is used by Party A.

LEASING FEE AND ITS PAYMENT. 2.1 For uses of Party B's abovementioned Proprietary Property by Party A, Party A shall pay a leasing fee according to market rental value (real estate management fee included). Specific leasing fees stipulated in accordance with such principles are stated in the Schedule schedule 1 to this appendix. 2.2 For uses of the abovementioned Third Party's Property by Party A, Party A shall only need to pay such leasing fee as was actually paid by Party B to the third party (such royalty is subject to Party A's prior review and confirmation) as well as taxes and levies stipulated by the government. Party B shall not demand any other charges from Party A. 2.3 Party A shall verify the number of premises by March 15th and September 15th each year and pay the leasing fee for the first half year and the second half year by March 25th and September 25th, respectively, of the current year. 2.4 For arrears in royalty payment by Party A, an overdue penalty equivalent to 0.03% of the arrears shall be paid by Party A to Party B for each day of arrears. 2.5 Party B shall be liable for all taxes related to the Party B's Proprietary Property that is used by Party A.