Examples of Net Advertising Payment in a sentence
Under the New Advertising Agency Agreement, Yangcheng Advertising will enter into contracts with advertising customers who place advertisements on Yangcheng Evening News, collect New Advertising Payment from such advertising customers and then pay YCDM the New Net Advertising Payment.
If the aggregate amount of the New Net Advertising Payment reaches a certain pre-agreed amount, Yangcheng Advertising will be entitled to an incentive amount from YCDM, being a certain percentage of the aggregate amount of the New Net Advertising Payment to be agreed in separate agreements between the parties based on the then market rate and the historical performance of Yangcheng Advertising.
The annual caps for the New Net Advertising Payment are RMB6,000,000, RMB6,500,000 and RMB7,250,000 for the years 2022, 2023 and 2024 respectively.
During the year ended 31 December 2022, an aggregate amount of RMB975,000 as New Net Advertising Payment has been paid or became payable by Yangcheng Advertising to YCDM.
Under the Existing Advertising Agency Agreement, Yangcheng Advertising will enter into contracts with advertising customers who place advertisements on Yangcheng Evening News and will collect Existing Advertising Payment from such advertising customers, Yangcheng Advertising will then pay the Existing Net Advertising Payment over to YCWB.
If the aggregate amount of the Existing Net Advertising Payment reaches a certain pre-agreed amount, Yangcheng Advertising is entitled to a rebate from YCWB, being a certain percentage of the aggregate amount of the Existing Net Advertising Payment to be agreed in separate agreements between the parties based on the then market rate and historical performance of Yangcheng Advertising.