Common use of PRICING PRINCIPLE Clause in Contracts

PRICING PRINCIPLE. 3.1 The pricing for construction installation and engineering design services under this Agreement shall be determined in accordance with the Market Price (including the bidding price). 3.2 The financial services under this Agreement shall be decided based on the following principles: 3.2.1 for deposits and loans: a) the interest rate for the deposit of Party A with Party B shall be no lower than the minimum interest rate as provided by the People’s Bank of China for deposits of the same type; b) the interest rate for the loan provided by Party B to Party A shall be no higher than the maximum interest rate as provided by the People’s Bank of China for loans of the same type; 3.2.2 for paid services: a) Party B currently provides Party A with paid services in connection with financial leases, acceptance of xxxx or xxxx discount and/or security, etc.; b) The commission charged by Party B to Party A for the financial services set forth in Article 3.2.2 (a) shall comply with relevant provisions regarding the standard rates as stipulated by the People’s Bank of China or the China Banking Regulatory Commission (if any). 3.2.3 for services free of charge: Currently the service provided by Party B to Party A free of charge include collecting relevant payments and bills, settlement services and provision of financial information.

PRICING PRINCIPLE. 3.1 17.1 The pricing for construction installation and engineering design services under this Agreement shall be determined in accordance with the Market Price (including the bidding price). 3.2 17.2 The financial services under this Agreement shall be decided based on the following principles: 3.2.1 17.2.1 for deposits and loans: a) the interest rate for the deposit of Party A with Party B shall be no lower than the minimum interest rate as provided by the People’s Bank of China for deposits of the same type; b) the interest rate for the loan provided by Party B to Party A shall be no higher than the maximum interest rate as provided by the People’s Bank of China for loans of the same type; 3.2.2 17.2.2 for paid services: a) Party B currently provides Party A with paid services in connection with financial leases, acceptance of xxxx or xxxx discount and/or security, etc.; b) The commission charged by Party B to Party A for the financial services set forth in Article 3.2.2 (a) shall comply with relevant provisions regarding the standard rates as stipulated by the People’s Bank of China or the China Banking Regulatory Commission (if any). 3.2.3 17.2.3 for services free of charge: Currently the service provided by Party B to Party A free of charge include collecting relevant payments and bills, settlement services and provision of financial information.