Common use of The Calculation and Payment of Service Fees Clause in Contracts

The Calculation and Payment of Service Fees. In consideration of Party A’s performance, Party B shall pay Party A service fee that equal to % to % of the sales income on yearly basis. The specific ratio (the scope from % to %) is based on the performance of Party A, and calculates in yearly. The fees in connection with other management and consultant service required by Party B, would be negotiated by both parties. In consideration of the future development of Party B, both parties agree that Party B shall retain the cash and cash equivalent equal no less than RMB, (hereinafter “The Lowest Cashflow”). In each year, if Party B cannot satisfy The Lowest Cashflow after the payment of the services fee to Party A, Party B shall pay Party A the service fees up to The Lowest Cashflow, the payment of the remaining unpaid portion shall be deferred to the next year together with the service fee of the next year. In the event Party B still cannot satisfy the requirement, Party A is entitled to reduce the current year’s service fees to at least RMB .

Appears in 3 contracts

Samples: Services Agreement (AutoChina International LTD), Services Agreement (AutoChina International LTD), Services Agreement (AutoChina International LTD)

AutoNDA by SimpleDocs

The Calculation and Payment of Service Fees. In consideration of Party A’s performance, Party B shall pay Party A service fee that equal to % to % of the sales income on yearly basis. The specific ratio (the scope from % to %) is based on the performance of Party A, and calculates in yearly. The fees in connection with other management and consultant service required by Party B, would be negotiated by both parties. In consideration of the future development of Party B, both parties agree that Party B shall retain the cash and cash equivalent equal no less than RMBRMB , (hereinafter “The Lowest Cashflow”). In each year, if Party B cannot satisfy The Lowest Cashflow after the payment of the services fee to Party A, Party B shall pay Party A the service fees up to The Lowest Cashflow, the payment of the remaining unpaid portion shall be deferred to the next year together with the service fee of the next year. In the event Party B still cannot satisfy the requirement, Party A is entitled to reduce the current year’s service fees to at least RMB .

Appears in 3 contracts

Samples: Services Agreement (AutoChina International LTD), Services Agreement (AutoChina International LTD), Services Agreement (AutoChina International LTD)

The Calculation and Payment of Service Fees. In consideration of Party A’s performance, Party B shall pay Party A service fee that equal to % to % of the sales Sales income on yearly basis. The specific ratio (the scope from % to %) is based on the performance of Party A, and calculates in yearly. The fees in connection with other management and consultant service required by Party B, would be negotiated by both parties. In consideration of the future development of Party B, both parties agree that Party B shall retain the cash and cash equivalent equal no less than RMB, (hereinafter “The Lowest Cashflow”). In each year, if Party B cannot satisfy The Lowest Cashflow after the payment of the services fee to Party A, Party B shall pay Party A the service fees up to The Lowest Cashflow, the payment of the remaining unpaid portion shall be deferred to the next year together with the service fee of the next year. In the event Party B still cannot satisfy the requirement, Party A is entitled to reduce the current year’s service fees to at least RMB .

Appears in 1 contract

Samples: Services Agreement (AutoChina International LTD)

AutoNDA by SimpleDocs

The Calculation and Payment of Service Fees. In consideration of Party A’s performance, Party B shall pay Party A service fee that equal to_____% to % to _____% of the sales income on yearly basis. The specific ratio (the scope from _____% to %to_____%) is based on the performance of Party A, and calculates in yearly. The fees in connection with other management and consultant service required by Party B, would be negotiated by both parties. In consideration of the future development of Party B, both parties agree that Party B shall retain the cash and cash equivalent equal no less than RMB, _____ (hereinafter “The Lowest Cashflow”). In each year, if Party B cannot satisfy The Lowest Cashflow after the payment of the services fee to Party A, Party B shall pay Party A the service fees up to The Lowest Cashflow, the payment of the remaining unpaid portion shall be deferred to the next year together with the service fee of the next year. In the event Party B still cannot satisfy the requirement, Party A is entitled to reduce the current year’s service fees to at least RMB .

Appears in 1 contract

Samples: Services Agreement (AutoChina International LTD)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!