Common use of Operating Revenue Clause in Contracts

Operating Revenue. The fee to be paid to the TRC under Article 2.2 of the License Agreement shall be net of service tax and calculated based on the operating revenues of the Licensee. The operating revenues are calculated after the deduction of the balance of amounts due to other interconnected licensees and international carriers, in respect of interconnecting capacity and/or traffic between the Licensee and these operators and in accordance with the following formula: Operating Revenue = A + (B - C), where A: Total annual sales of the Licensed Activities to the Licensee’s Customers net of service tax. B: The annual aggregate receivables from international carriers and interconnected licensees for the interconnection capacity or traffic originating from their customers and destined to Customers on the Licensee’s network. C: The annual aggregate payables by the Licensee to international carriers and interconnected licensees for interconnection capacity or the traffic originating from the Licensee’s network and destined to the customers of the international carriers or licensees.

Operating Revenue. The fee to be paid to the TRC under Article 2.2 of the License Agreement shall be net of service tax and calculated based on the operating revenues of the LicenseeLicensee net of service tax. The operating revenues are calculated after the deduction of the balance of amounts due to other interconnected licensees and international carriers, in respect of interconnecting capacity and/or traffic between the Licensee and these operators and in accordance with the following formula: Operating Revenue = A + (B - C), where A: Total annual sales of the Licensed Activities to the Licensee’s Customers net of service tax. B: The annual aggregate receivables from international carriers and interconnected licensees for the interconnection capacity or traffic originating from their customers and destined to Customers on the Licensee’s network. C: The annual aggregate payables by the Licensee to international carriers and interconnected licensees for interconnection capacity or the traffic originating from the Licensee’s network and destined to the customers of the international carriers or licensees.