Common use of Pricing Principle Clause in Contracts

Pricing Principle. 3.1 The pricing and/or charging standard under this Agreement shall be governed by the principle in this provision and in the following order: those that are fixed by the State shall follow the government-fixed price; those that have government guidance price shall follow the said guidance price; those that have no fixed price nor government guidance price yet have a market price shall follow the market price; those that none of the above said is applicable shall follow the pricing method agreed upon by both Parties, however, the said pricing method shall be calculated with regard to the reasonable cost and reasonable profit of the service, whereby “reasonable cost” means the cost agreed by both Parties. The “government-fixed price” follows the Pricing Law of the People’s Republic of China, which is set by the governmental pricing department or other related departments based on the pricing limits and range. The “government guidance price” follows the Pricing Law of the People’s Republic of China, which provides guidance to business operators by the governmental pricing department or other related departments based on the pricing limits, basic price range and its floating range. The “market price” means the price determined by the business operator and attained through market competition. The market price shall be determined by the following order: (1) the rate charged by any independent third party providing the same kind of service in the same or surrounding area under normal

Appears in 1 contract

Samples: Ancillary Telecommunications Services Agreement (CHINA UNICOM (HONG KONG) LTD)

AutoNDA by SimpleDocs

Pricing Principle. 3.1 The pricing and/or or charging standard under this Agreement shall be governed by the principle in this provision and in the following order: those that are fixed by the State shall follow the government-fixed price; those that have government guidance price shall follow the said guidance price; those that have no fixed price nor government guidance price yet have a market price shall follow the market price; those that none of the above said is applicable shall follow the pricing method agreed upon by both Partiesparties, however, the said pricing method shall be calculated with regard to the reasonable cost and reasonable profit of the service, whereby "reasonable cost" means the cost agreed by both Partiesparties. The “government-fixed price” "State Rate" follows the Pricing Law of the People’s 's Republic of China, which is set by the governmental pricing department or other related departments based on the pricing limits and range. The "government guidance price" follows the Pricing Law of the People’s 's Republic of China, which provides guidance to business operators by the governmental pricing department or other related departments based on the pricing limits, basic price range and its floating range. The “market price” means the price determined by the business operator and attained through market competition. The market price shall be determined by the following order: (1) the rate charged by any independent third party providing the same kind of service in the same or surrounding area under normal.

Appears in 1 contract

Samples: Ancillary Telecommunications Services Agreement (China Netcom Group CORP (Hong Kong) LTD)

Pricing Principle. 3.1 The pricing and/or or charging standard under this Agreement shall be governed by the principle in this provision and in the following order: those that are fixed by the State shall follow the government-fixed price; those that have the government guidance price shall follow the said guidance price; those that have no fixed price nor government guidance price yet have a market price shall follow the market price; those that none of the above said is applicable shall follow the pricing method agreed upon by both Partiesparties, however, the said pricing method shall be calculated with regard to the reasonable cost and reasonable profit of the service, whereby "reasonable cost" means the cost agreed by both Partiesparties. The “government-fixed price” "State Rate" follows the Pricing Law of the People’s 's Republic of China, which is set by the governmental pricing department or other related departments based on the pricing limits and range. The "government guidance price" follows the Pricing Law of the People’s 's Republic of China, which provides guidance to business operators by the governmental pricing department or other related departments based on the pricing limits, basic price range and its floating range. The “market price” means the price determined by the business operator and attained through market competition. The market price shall be determined by the following order: (1) the rate charged by any independent third party providing the same kind of service in the same or surrounding area under normal.

Appears in 1 contract

Samples: Support Services Agreement (China Netcom Group CORP (Hong Kong) LTD)

AutoNDA by SimpleDocs

Pricing Principle. 3.1 The pricing and/or charging standard under this Agreement shall be governed by the principle in this provision and in the following order: those that are fixed by the State shall follow the government-fixed price; those that have the government guidance price shall follow the said guidance price; those that have no fixed price nor government guidance price yet have a market price shall follow the market price; those that none of the above said is applicable shall follow the pricing method agreed upon by both Parties, however, the said pricing method shall be calculated with regard to the reasonable cost and reasonable profit of the service, whereby “reasonable cost” means the cost agreed by both Parties. The “government-fixed price” follows the Pricing Law of the People’s Republic of China, which is set by the governmental pricing department or other related departments based on the pricing limits and range. The “government guidance price” follows the Pricing Law of the People’s Republic of China, which provides guidance to business operators by the governmental pricing department or other related departments based on the pricing limits, basic price range and its floating range. The “market price” means the price rate determined by the business operator and attained through market competition. The market price shall be determined by the following order: (1) the rate charged by any independent third party providing the same kind of service in the same or surrounding area under normal

Appears in 1 contract

Samples: Support Services Agreement (CHINA UNICOM (HONG KONG) LTD)

Time is Money Join Law Insider Premium to draft better contracts faster.