Common use of Billing and Collecting Clause in Contracts

Billing and Collecting. For Microsoft-generated Merchandising Listings, FairMarket will be responsible for billing and collection of Merchandising Fees, using the same procedures as for Listing Fees and Transaction Fees as set forth in Section 5.1(b). For purposes of this Agreement, fees charged by Microsoft for Microsoft-generated Merchandising Listings will be considered Listing Fees for purposes of revenue calculations and billing and collections. For the purposes of this Agreement, Microsoft-generated Category Sponsorships will be treated as "Advertising Fees" and shall be treated in accordance with the terms of Section 5.2.

Appears in 2 contracts

Sources: Auction Services Agreement (Fairmarket Inc), Auction Services Agreement (Fairmarket Inc)