Common use of PRICING PRINCIPLES AND PAYMENT Clause in Contracts

PRICING PRINCIPLES AND PAYMENT. 2.1 Service charges shall be determined according to the following principles: (1) If there are any prevailing state-mandated or local prices fixed by the state or local governments (as amended from time to time), such prices shall apply, or; (2) If there are any prevailing state-mandated or local prices fixed by the state or local governments (as amended from time to time), market prices negotiated and agreed upon by both parties shall apply. On basis of the above principles, the particular pricing and/or charging criteria hereunder are enclosed in the relevant appendices hereinto; the prices of the Telecommunications Services stipulated in the relevant official pricing documents as enclosed on the appendices hereinto are upper limits, and both parties shall sign the relevant services agreements on basis of market prices that do not exceed such upper limits. 2.2 The particular sum of the service charges hereunder shall be calculated according to such relevant PRC accounting standards as are applicable from time to time. 2.3 Party A shall make timely payment for the relevant services obtained from Party B, according to the pricing principles and standards provided for in this Agreement and its appendices. 2.4 Unless otherwise provided in the appendices to this Agreement, if Party A fails to make payment to Party B within such period as has been agreed upon by both parties, then Party A shall pay Party B a late payment penalty calculated at 0.05% of the unpaid amount, for each day of the late payment; if the late payment exceeds 60 days, Party B may give Party A written notice to terminate further services. If after 30 days of Party A's receipt of the written notice, Party A still has not paid the said service charges, then Party B may, without prejudice to any other rights and obligations already accrued or incurred to it under this Agreement, terminate the said services.

PRICING PRINCIPLES AND PAYMENT. 2.1 Service service charges shall be determined according to the following principles: (1) If there are any prevailing state-mandated or local prices fixed by the state or local governments (as amended from time to time), such prices shall apply, or; (2) If there are any prevailing state-mandated or local prices fixed by the state or local governments (as amended from time to time), market prices negotiated and agreed upon by both parties shall apply. On basis of the above principles, the particular pricing and/or charging criteria hereunder are enclosed in the relevant appendices hereinto; the prices of the Telecommunications Services stipulated in the relevant official pricing documents as enclosed on the appendices hereinto are upper limits, and both parties shall sign the relevant services agreements on basis of market prices that do not exceed such upper limits. 2.2 The particular sum of the service charges hereunder shall be calculated according to such relevant PRC accounting standards as are applicable from time to time. 2.3 Party A shall make timely payment for the relevant services obtained from Party B, according to the pricing principles and standards provided for in this Agreement and its appendices. 2.4 Unless otherwise provided in the appendices to this Agreement, if Party A fails to make payment to Party B within such period as has been agreed upon by both parties, then Party A shall pay Party B a late payment penalty calculated at 0.05% of the unpaid amount, for each day of the late payment; if the late payment exceeds 60 days, Party B may give Party A written notice to terminate further services. If after 30 days of Party A's receipt of the written notice, Party A still has not paid the said service charges, then Party B may, without prejudice to any other rights and obligations already accrued or incurred to it under this Agreement, terminate the said services.