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

The Calculation and Payment of the Service Fees. 2.1 The service fees under this Agreement shall be the balance of the 100% gross consolidated profits of Party B for any financial year after offsetting the accumulated losses (if any) of Party B and its subsidiaries for the preceding financial years and deducting the working capital, expenses, taxes and other statutory contributions required for any financial year. Notwithstanding the foregoing, Party A may, at its sole discretion, adjust the scope and amount of the service fees based upon the PRC tax regulations and taxation practice and with reference to the working capital needs of Party B. Party B shall accept such adjustment.

The Calculation and Payment of the Service Fees. 2.1 The service fees Service Fees under this Agreement shall be the balance 100% of the 100% gross consolidated profits of Party B for on a consolidated basis in any financial fiscal year after offsetting set off the accumulated losses (if any) of Party B and its subsidiaries for the preceding financial previous fiscal years if any, and deducting the deduct necessary working capital, expenses, taxes and other statutory contributions required for in any financial fiscal year. Notwithstanding the foregoing, Party A may, at in its sole discretion, adjust the scope and amount of the service fees based upon Service Fees in accordance with the PRC tax regulations and taxation practice tax practices and with by reference to the working Party B’s operating capital needs of Party B. and Party B shall accept such adjustmentadjustments.