Common use of LICENSE FEE, SERVICE FEE AND PAYMENT Clause in Contracts

LICENSE FEE, SERVICE FEE AND PAYMENT. a. Pursuant to this Agreement, Momo Info. grants to Momo Chengdu the use right of its intellectual properties including Momo App and online game products. Momo Chengdu agrees to pay Momo Info. a license fee (“License Fee”) in consideration of the rights granted. The calculation methodology of the License Fee will be set forth in supplemental agreements to this Agreement. b. Pursuant to this Agreement and Momo Chengdu’s request from time to time, Momo Info. provides Momo Chengdu with the Services. Momo Chengdu intends to pay Momo Info. a level of compensation commensurate with the value of the Services it provides, which are essential and fundamental to the economic success or failure of Momo Chengdu’s business in China. c. To ensure the high quality of the Licensing and the Services, Momo Info. agrees to be compensated for the Services only if Momo Chengdu achieves a level of operating profit above a certain rate, initially agreed to be five point five percent (5.5%) (“Expected Profit Rate”) of total revenue derived by Momo Chengdu for operating the Momo App Game Center in China. The License Fee and the Service Fee will be calculated such that after it is paid, Momo Chengdu’s operating profit rate will not be lower than the Expected Profit Rate (“Service Fee”). If Momo Chengdu achieves a level of operating profit above the Expected Profit Rate, the excess profit will be paid to Momo Info. in the form of License Fee and Service Fee. The calculation methodology of the License Fee and Service Fee will be set forth in supplemental agreements to this Agreement. If Momo Chengdu is unable to achieve the Expected Profit Rate due to Momo Info.’s failure in providing the high quality services, Momo Info. will not be entitled to any License Fee or Service Fee. The Parties agree to review the Expected Profit Rate from time to time. Operating profit rate = (Revenues – Cost of revenues – Sales tax and surcharges – Sales expense – G&A expense – R&D expense) / Revenues.

Appears in 2 contracts

Samples: Exclusive Cooperation Agreement (Momo Inc.), Exclusive Cooperation Agreement (Momo Inc.)

AutoNDA by SimpleDocs

LICENSE FEE, SERVICE FEE AND PAYMENT. a. Pursuant to this Agreement, Momo Info. grants to Momo Chengdu Tech. the use right of its intellectual properties including Momo App and online game productsEmoticons. Momo Chengdu Tech. agrees to pay Momo Info. a license fee (“License Fee”) in consideration of the rights granted. The calculation methodology of the License Fee will be set forth in supplemental agreements to this Agreement. b. Pursuant to this Agreement and Momo ChengduTech’s request from time to time, Momo Info. provides Momo Chengdu Tech. with the Services. Momo Chengdu Tech. intends to pay Momo Info. a level of compensation commensurate with the value of the Services it provides, which are essential and fundamental to the economic success or failure of Momo ChengduTech.’s business in China. c. To ensure the high quality of the Licensing and the Services, Momo Info. agrees to be compensated for the Licensing and the Services only if Momo Chengdu Tech. achieves a level of operating profit above a certain rate, initially agreed to be five three point five percent (5.53.5%) (“Expected Profit Rate”) of total revenue derived by Momo Chengdu Tech. for operating the Momo App Game Center in China. The License Fee and the Service Fee will be calculated such that after it is paid, Momo ChengduTech.’s operating profit rate will not be lower than the Expected Profit Rate (“Service Fee”). If Momo Chengdu Tech. achieves a level of operating profit above the Expected Profit Rate, the excess profit will be paid to Momo Info. in the form of License Fee and Service Fee. The calculation methodology of the License Fee and Service Fee will be set forth in supplemental agreements to this Agreement. If Momo Chengdu Tech. is unable to achieve the Expected Profit Rate due to Momo Info.’s failure in providing the high quality services, Momo Info. will not be entitled to any License Fee or Service Fee. The Parties agree to review the Expected Profit Rate from time to time. Operating profit rate = (Revenues – Cost of revenues – Sales tax and surcharges – Sales expense – G&A expense – R&D expense) / Revenues.

Appears in 2 contracts

Samples: Exclusive Cooperation Agreement (Momo Inc.), Exclusive Cooperation Agreement (Momo Inc.)

LICENSE FEE, SERVICE FEE AND PAYMENT. a. Pursuant to this Agreement, Momo Info. Yiliulinger grants to Momo Chengdu Mioka Tech. the use right of its intellectual properties including Momo the App and online game productsEmoticons. Momo Chengdu Miaoka Network agrees to pay Momo Info. Yiliulinger a license fee (“License Fee”) in consideration of the rights granted. The calculation methodology of the License Fee will be set forth in supplemental agreements to this Agreement. b. Pursuant to this Agreement and Momo ChengduMiaoka Network’s request from time to time, Momo Info. M Yiliulinger provides Momo Chengdu Miaoka Network with the Services. Momo Chengdu Miaoka Network intends to pay Momo Info. Yiliulinger a level of compensation commensurate with the value of the Services it provides, which are essential and fundamental to the economic success or failure of Momo ChengduMiaoka Network’s business in China. c. To ensure the high quality of the Licensing and the Services, Momo Info. Yiliulinger agrees to be compensated for the Licensing and the Services only if Momo Chengdu Miaoka Network achieves a level of operating profit above a certain rate, initially agreed to be five three point five percent (5.53.5%) (“Expected Profit Rate”) of Rate”“)of total revenue derived by Momo Chengdu Yiliulinger for operating the Momo App Game Center in China. The License Fee and the Service Fee will be calculated such that after it is paid, Momo ChengduMiaoka Network’s operating profit rate will not be lower than the Expected Profit Rate (“Service Fee”). If Momo Chengdu Miaoka Network achieves a level of operating profit above the Expected Profit Rate, the excess profit will be paid to Momo Info. Yiliulinger in the form of License Fee and Service Fee. The calculation methodology of the License Fee and Service Fee will be set forth in supplemental agreements to this Agreement. If Momo Chengdu is Miaoka Networkis unable to achieve the Expected Profit Rate due to Momo InfoYiliulinger.’s failure in providing the high quality services, Momo Info. Yiliulinger will not be entitled to any License Fee or Service Fee. The Parties agree to review the Expected Profit Rate from time to time. Operating profit rate = (Revenues – Revenues-Cost of revenues – revenues-Sales tax and surcharges Sales expense – expense-G&A expense – expense-R&D expense) / Revenues/Revenues.

Appears in 1 contract

Samples: Exclusive Cooperation Agreement (Momo Inc.)

LICENSE FEE, SERVICE FEE AND PAYMENT. a. Pursuant to this Agreement, Momo Info. QOOL Media Technology grants to Momo Chengdu QOOL Media the use right of its intellectual properties including Momo App the core technology, equipment use, copyright license and online game productsother authorization and services . Momo Chengdu QOOL Media agrees to pay Momo Info. QOOL Media Technology a license fee (“License Fee”) in consideration of the rights granted. The calculation methodology of the License Fee will be set forth in supplemental agreements to this Agreement. b. Pursuant to this Agreement and Momo ChengduQOOL Media’s request from time to time, Momo Info. QOOL Media Technology provides Momo Chengdu QOOL Media with the Services. Momo Chengdu QOOL Media intends to pay Momo Info. QOOL Media Technology a level of compensation commensurate with the value of the Services it provides, which are essential and fundamental to the economic success or failure of Momo ChengduQOOL Media’s business in China. c. To ensure the high quality of the Licensing and the Services, Momo Info. QOOL Media Technology agrees to be compensated for the Licensing and the Services only if Momo Chengdu QOOL Media achieves a level of operating profit above a certain rate, initially agreed to be five three point five percent (5.53.5%) (“Expected Profit Rate”) of total revenue derived by Momo Chengdu QOOL Media Technology for operating the Momo QOOL Media Novel and Bench Video App Game Center in China. The License Fee and the Service Fee will be calculated such that after it is paid, Momo ChengduQOOL Media Technology’s operating profit rate will not be lower than the Expected Profit Rate (“Service Fee”). If Momo Chengdu QOOL Media achieves a level of operating profit above the Expected Profit Rate, the excess profit will be paid to Momo Info. QOOL Media Technology in the form of License Fee and Service Fee. The calculation methodology of the License Fee and Service Fee will be set forth in supplemental agreements to this Agreement. If Momo Chengdu QOOL Media is unable to achieve the Expected Profit Rate due to Momo Info.QOOL Media Technology’s failure in providing the high quality services, Momo Info. QOOL Media Technology will not be entitled to any License Fee or Service Fee. The Parties agree to review the Expected Profit Rate from time to time. Operating profit rate = (Revenues – Revenues-Cost of revenues – revenues-Sales tax and surcharges Sales expense – expense-G&A expense – expense-R&D expense) / Revenues/Revenues.

Appears in 1 contract

Samples: Exclusive Cooperation Agreement (Momo Inc.)

LICENSE FEE, SERVICE FEE AND PAYMENT. a. Pursuant to this Agreement, Momo Info. grants agrees to Momo Chengdu grant the use right of its intellectual properties to Momo Chengdu under this Agreement for the purpose of release games and provide speed dating services to users, including Momo App and online game productsHongNiang App. Momo Chengdu agrees to pay Momo Info. a license fee (“License Fee”) in consideration of the rights granted. The calculation methodology of the License Fee will be set forth in supplemental agreements to this Agreement. b. Pursuant to this Agreement and Momo Chengdu’s request from time to time, Momo Info. provides Momo Chengdu with the Services. Momo Chengdu intends to pay Momo Info. a level of compensation commensurate with the value of the Services it provides, which are essential and fundamental to the economic success or failure of Momo Chengdu’s business in China. c. To ensure the high quality of the Licensing and the Services, Momo Info. agrees to be compensated for the Services only if Momo Chengdu achieves a level of operating profit above a certain rate, initially agreed to be five point five percent (5.5%) rate (“Expected Profit Rate”) of total revenue derived by Momo Chengdu for operating the Momo App Game Center and HongNiang App in China. The reasonable range of Expected Profit Rate will be set forth in Appendix 1 to this Agreement. The License Fee and the Service Fee will be calculated such that after it is paid, Momo Chengdu’s operating profit rate will not be lower than the Expected Profit Rate (“Service Fee”). If Momo Chengdu achieves a level of operating profit above the Expected Profit Rate, the excess profit will be paid to Momo Info. in the form of License Fee and Service Fee. The calculation methodology of the License Fee and Service Fee will be set forth in supplemental agreements to this Agreement. If Momo Chengdu is unable to achieve the Expected Profit Rate due to Momo Info.’s failure in providing the high quality services, Momo Info. will not be entitled to any License Fee or Service Fee. The Parties agree to review the Expected Profit Rate from time to time. Operating profit rate = (Revenues – Cost of revenues – Sales tax and surcharges – Sales expense – G&A expense – R&D expense) / Revenues.

Appears in 1 contract

Samples: Exclusive Cooperation Agreement (Momo Inc.)

AutoNDA by SimpleDocs

LICENSE FEE, SERVICE FEE AND PAYMENT. a. Pursuant to this Agreement, Momo Info. grants to Momo Chengdu Fancy Reader the use right of its intellectual properties including Momo the Fancy Reader Novel and Bench Video App and online game productsEmoticons. Momo Chengdu Fancy Reader agrees to pay Momo Info. a license fee (“License Fee”) in consideration of the rights granted. The calculation methodology of the License Fee will be set forth in supplemental agreements to this Agreement. b. Pursuant to this Agreement and Momo ChengduFancy Reader’s request from time to time, Momo Info. provides Momo Chengdu Fancy Reader with the Services. Momo Chengdu Fancy Reader intends to pay Momo Info. a level of compensation commensurate with the value of the Services it provides, which are essential and fundamental to the economic success or failure of Momo ChengduFancy Reader’s business in China. c. To ensure the high quality of the Licensing and the Services, Momo Info. agrees to be compensated for the Licensing and the Services only if Momo Chengdu Fancy Reader achieves a level of operating profit above a certain rate, initially agreed to be five three point five percent (5.53.5%) (“Expected Profit Rate”) of total revenue derived by Momo Chengdu for operating the Momo Fancy Reader Novel and Bench Video App Game Center in China. The License Fee and the Service Fee will be calculated such that after it is paid, Momo ChengduMomo’s operating profit rate will not be lower than the Expected Profit Rate (“Service Fee”). If Momo Chengdu Fancy Reader achieves a level of operating profit above the Expected Profit Rate, the excess profit will be paid to Momo Info. in the form of License Fee and Service Fee. The calculation methodology of the License Fee and Service Fee will be set forth in supplemental agreements to this Agreement. If Momo Chengdu Fancy Reader is unable to achieve the Expected Profit Rate due to Momo Info.Momo’s failure in providing the high quality services, Momo Info. will not be entitled to any License Fee or Service Fee. The Parties agree to review the Expected Profit Rate from time to time. Operating profit rate = (Revenues – Revenues-Cost of revenues – revenues-Sales tax and surcharges Sales expense – expense-G&A expense – expense-R&D expense) / Revenues/Revenues.

Appears in 1 contract

Samples: Exclusive Cooperation Agreement (Momo Inc.)

LICENSE FEE, SERVICE FEE AND PAYMENT. a. Pursuant to this Agreement, Beijing Momo Info. IT grants to Momo Chengdu Tianjin Heer the use right of its intellectual properties including Hani Live Video App, which is researched and developed by Beijing Momo App and online game productsIT. Momo Chengdu agrees Tianjin Heer intends to pay Beijing Momo Info. IT a license fee (“License Fee”) in consideration of the rights granted. The calculation methodology of the License Fee will be set forth in supplemental agreements the Supplemental Agreement to this Agreement. b. Pursuant to this Agreement and Momo ChengduTianjin Heer’s request from time to time, Beijing Momo Info. IT provides Momo Chengdu Tianjin Heer with the Services. Momo Chengdu Tianjin Heer intends to pay Beijing Momo Info. IT a level of compensation commensurate with the value of the Services it providesprovides (“Service Fee”), which are essential and fundamental to the economic success or failure of Momo ChengduTianjin Heer’s business in China. c. To ensure the high quality of the Licensing and the Services, Beijing Momo Info. IT agrees to be compensated for the Licensing and the Services only if Momo Chengdu Tianjin Heer achieves a pre-determined level of operating profit above a certain rateprofit, initially agreed to be five three point five percent (5.53.5%) (“Expected Profit Rate”) of total operating revenue derived by Momo Chengdu for operating the Momo App Game Center in ChinaTianjin Heer. The calculation of the License Fee and the Service Fee will shall be calculated such premised on the condition that after it is paid, Momo ChengduTianjin Heer’s operating profit rate will not be lower than the Expected Profit Rate (“Service Fee”)Rate. If Momo Chengdu Tianjin Heer achieves a level of operating profit above the Expected Profit Rate, the excess operating profit will be paid remitted to Beijing Momo Info. IT in the form of License Fee and Service Fee. The calculation methodology and fee rate of each item of the License Fee and Service Fee will be set forth in supplemental agreements the Supplemental Agreement to this Agreement. If Momo Chengdu Tianjin Heer is unable to achieve the Expected Profit Rate due to Beijing Momo Info.IT’s failure in providing the high quality services, Beijing Momo Info. IT will not be entitled to any License Fee or Service Fee. The Parties agree to review re-assess and discuss the Expected Profit Rate from time to time. Operating profit rate = (Revenues – Cost of revenues – Sales tax and surcharges Sales expense – G&A expense general and administrative expenses R&D expenseresearch and development expenses) / Revenues.

Appears in 1 contract

Samples: Exclusive Cooperation Agreement (Momo Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!