Licensee’s Remuneration. For services performed under this agreement the Licensee shall be entitled to the remuneration set out in Item C of the Particulars (“the Remuneration”) and in relation to each letting of the Premises the Licensee will become entitled to the remuneration if:
(a) during the Exclusive Agency Period the Principal enters into an Agreement to Lease or a Tenancy Agreement for the letting of the Property, or of an interest in the Property, to any person (including a co-owner), whether or not that person was introduced to the Principal or to the Property by the Licensee.
(b) after termination of this Agreement, a tenant found or chosen by the Licensee during the currency of this Agreement, signs a Lease or Tenancy Agreement or pays rent or enters into possession of the premises, whichever occurs first.
Licensee’s Remuneration. RSP Service Charges; and
Licensee’s Remuneration. The Licensee’s Remuneration each Settlement Period shall consist of commission. In respect of the Price of the Rail Products Issued as reduced by any refund made during the Settlement Period and any applicable discount payable.: The level of commission during the Term shall be as follows: BritRail Passes 1 Apr 2017 – 31 Mar 2019 8.0% National Rail point to point Tickets 1 Oct 2014 – 31 Mar 2019 8.0% Authorised Sites shall be shown separately categorised under the following headings:
Licensee’s Remuneration a) The Licensee Remuneration is the amount the Licensee may keep to cover its opera- tional costs and the costs associated with the facilities, agreed between the parties.
b) In the tariff adjustment proposals the Licensee shall justify the level of remuneration with its costs and performance in accordance with the Relevant sector guidelines.
c) No adjustments shall be carried out without the approval of the Regulatory Board.
d) Within the first 12 months of the commencement of this SPA, the Licensee and the Ser- vice Provider shall submit a justified remuneration proposal for the Licensee and the Service Provider to the Regulatory Board following the Relevant guidelines.
e) The Licensee shall use the Licensee Revenue solely for the purposes of providing the Services under the License
f) The level of the Licensees remuneration shall depend on the investments provided and therefore has to be justified in detail. For the first year after the commencement date of this SPA the Licensee and the Service Provider may agree on an estimated percentage for the Licensee Remuneration. Within the first 24 months of the commencement the Licensee and the Service Provider have to submit a detailed and justified remuneration proposal for the Licensee and the Service Provider to the Regulatory following the Rel- evant guidelines.
Licensee’s Remuneration. [CLAUSE 2.1 & 2.2]
Licensee’s Remuneration. The amount agreed upon between the Licensee and the Service Provider as Licensee’s Remuneration is Kenya Shillings.
Licensee’s Remuneration. The Licensee Remuneration is the amount the Licensee may be paid to cover its operational costs and the costs associated with the facilities, agreed between the parties. In the tariff adjustment proposals the licensee shall justify the level of remuneration with its costs and Performance in accordance with the Relevant sector guidelines. No adjustments shall be carried out without the approval of the Regulatory Board. Within the fi rst 12 months of the commencement the Licensee and the Provider have to submit a justifi ed remuneration proposal to the Regulatory Board follow-ng the Relevant guidelines
Licensee’s Remuneration. [CLAUSES 2.1 & 2.2]
Licensee’s Remuneration a. The Licensee Remuneration is the amount the Licensee may keep to cover its opera- tional costs and the costs associated with the facilities, agreed between the parties.
b. In the tariff adjustment proposals the Licensee shall justify the level of remuneration with its costs and performance in Accordance to the Relevant sector guidelines.
c. No adjustments shall be carried out without the approval of the Regulatory Board.
d. Within the first 12 months of the commencement of this SPA, the Licensee and the Ser- vice Provider shall submit a justified remuneration proposal for the Licensee and the Service Provider to the Regulatory Board following the Relevant guidelines.
e. The Licensee shall use the Licensee Revenue solely for the purposes of providing the Services under the Licence
f. The level of the Licensees Remuneration shall depend on the investments provided and therefore has to be justified in detail. For the first year after the commencement date of this SPA the Licensee and the Service Provider may agree on an estimated percentage for the Licensee Remuneration.
g. Within the first 24 months of the commencement the Licensee and the Service Provider have to submit a detailed and justified remuneration proposal for the Licensee and the Service Provider to the Regulatory following the Relevant guidelines. 9.4 Adjustments to Licensee and Service Provider’s Remuneration
a. The Licensee’s and Service Provider’s remunerations are part of tariff levels and tariff structure. Therefore, all such adjustments need the prior approval of the Regulatory Board
b. If the adjustment is planned to be carried out according to an indexation formula and such formula is part of the approved SPA the parties can adjust the remuneration on an annual basis by informing the Regulatory Board in writing at least Four (4) weeks in advance.
c. If no indexation is planned or given, the adjustments of the remunerations shall be based on the updated Business Plan of the Service Provider and the updated Invest- ment/Capital Works Plan of the Licensee and need to be approved by the Regulatory Board
d. The parties shall jointly submit a Remuneration Adjustment Proposal according to the Relevant guidelines which shall be treated like a tariff adjustment proposal.
