Consideration and Payment Terms Sample Clauses

Consideration and Payment Terms. The Parties hereto understand that the fees and royalties payable by Licensee to Licensors under this Agreement are partial consideration for the license granted under this Agreement. Licensors acknowledge and agree that all payments to be made under or in connection with this Agreement shall be made to Foundation on behalf of Licensors, and Licensee does not have an obligation to make payments directly to PSRF unless specifically agreed to otherwise by all the Parties in writing. Any sharing of such payments between the Licensors that is required under the IIA shall be the sole responsibility of Foundation.

Consideration and Payment Terms. The total consideration for the acquisition is RMB20,738,200 (equivalent to approximately HK$26,251,000). The consideration equals the market value of the assets as at 31 December 2014 as determined by China Alliance Appraisal Co., Ltd (北京中同華資產評估有限公司), an independent third party property valuation company engaged by the Company. Pingwei Power Plant will pay Pingwei Maintenance Company a sum of RMB10,369,100 (equivalent to approximately HK$13,125,000) (50% of the total consideration) within 20 days after the date of the Pingwei Maintenance Asset Acquisition Agreement and a sum of RMB10,369,100 (equivalent to approximately HK$13,125,000) (the remaining 50% of the total consideration) within 20 days after completion of the assets transfer, failing which Pingwei Power Plant will be subject to a late payment penalty of 0.05% of the default amount per day. If payment is delayed for over 3 months from the due date for payment, Pingwei Maintenance Company will be entitled to terminate the Pingwei Maintenance Asset Acquisition Agreement and claim damages.

Consideration and Payment Terms. All Parties hereby agree that the purchase price of the Subject Shares shall be paid in the currency of US Dollar. The aggregate purchase price to be paid by the Purchaser shall be US$ 145,975,594 (hereinafter called “Consideration”), and the respective Consideration paid to each Seller shall be specified in Appendix 1. In the event that under laws of China, Seller has the obligation to pay the tax and also the Purchaser has the legal obligation to withhold the tax, then the Purchaser shall deduct the withholding tax from the Consideration in the payment. All Parties expressly acknowledge and agree that the Consideration shall be paid through SPV and the SPV shall hold the Subject Shares immediately following the closing of the Transaction.

Consideration and Payment Terms. 4.1 In consideration for the rights granted under this Agreement, the Company, shall pay Licensors the following fees and payments:

Consideration and Payment Terms. In consideration for the Services, Consultant shall be entitled to receive the following fees: a. Monthly Fee: a monthly fee of $30,000.

Consideration and Payment Terms. 12.1. Client undertakes and warrants that it shall retain proof of payment of the Monthly Rental and Support Services fees in the form of bank statements or paid cheques. Accordingly, and in terms of §20(7) of the Value-Added Tax Act, 1991 read together with VAT Practice Note No. 2 of 1991, no tax invoice shall be required to be issued by GAAP in respect of the Monthly Rental or Support Services fees due by Client in terms of this Agreement. 12.2. During the term of this Agreement, Client shall pay to GAAP – 12.2.1. the Monthly Rental, monthly in advance on or before the 27th day of the preceding month to which it relates; 12.2.2. Support Services fees, monthly in advance on or before the 27th day of the preceding month to which they relate. 12.3. All other charges and all fees for all other Services shall become due and owing upon the dates described in this Agreement failing which they shall become due and owing upon their delivery or performance or tendered delivery or performance to Client, shall thereafter be payable by Client within 30 days from the date of a valid tax invoice from GAAP. 12.4. Client shall be liable for Reimbursable Expenses reasonably incurred by GAAP in performing its obligations under this Agreement. GAAP shall invoice Client monthly in arrears for Reimbursable Expenses plus a reasonable mark-up thereon for administration and handling. 12.5. Client shall pay each Monthly Rental, all Support Services fees, all other charges and fees and all Reimbursable Expenses when they become payable and shall not defer, delay or withhold payment under any circumstances, including when they are disputed. Payment shall be made via debit order and the Client shall complete the debit order authorisation form upon request by GAAP. 12.6. GAAP shall be entitled at any time and from time to time upon written notice to Client to change its banker’s details and/or to direct that Client make payment in any other manner to any address within the Republic of South Africa. Payments to bankers or to addresses other than those so directed shall not have the effect of discharging Client’s obligations. 12.7. The Monthly Rental and the Support Services fees are inclusive of VAT at the prevailing rate as at the Effective Date and/or the date on which Support Services commence, as the case may be. Client shall bear the risk of any increase in the prescribed rate of VAT affecting the Monthly Rental and Support Services fees and GAAP shall be entitled to adjust the M...

Consideration and Payment Terms. 3.1. Vendor shall make the payment for Sign-up fees as specified in Form for the creation of Online Store at the time of execution of this Agreement. Payment of Sign up fees shall be made in advance unless specified. The service tax if any shall be charged by the Company, at the applicable rates. 3.2. The said sign-up fee is a non- refundable fee for the creation of Online Store. The said Online store shall be displayed on the M & N RETAIL OPC PRIVATE LIMITED Shopping website during the subsistence of this Agreement. 3.3. The Company shall collect the Payment on behalf of the Vendor in respect of the Orders received through Online Store. In consideration of the services rendered under these presents, the Company shall charge the Services charges to the Vendor at the rates specified by the Company in . The Company shall pay the Vendor an amount recovered as Price minus the sum of shipping charges, service charges and shipment cost in respect of approved order(s) through the Online Store. The shipment cost will be levied at Rs. per transaction (by a particular customer). The said Shipment cost will be independent of the Quantity shipped for a transaction by a particular customer. However, in the event, the Vendor handles the Shipment of the Products; the Company shall pay to the Vendor an amount recovered as Price minus the service charges. Any amount to be paid to the Vendor by the Company shall be paid net of reversals. 3.4. In the event any order is reversed due to “Damaged product”, “Quality Issue”, “Not delivered” or “Wrong Item delivered”, Vendor agrees that the Company shall levy the Service charges, plus a penalty of the service charge of the product (upto a maximum limit of Rs ) and the said charges will be deducted from the amount due and payable to Vendor. 3.5. Further Company shall debit the Service charges (upto a maximum limit of Rs ) to the Vendor in the event the product cannot be delivered by the Vendor due to “out of stock” and in such an event Vendor shall be liable to bear all the cost and claims (including cost of legal proceedings, cost of attorneys, claims, etc.) raised against the Company. 3.6. Payment reimbursement of the Sale Proceeds to Vendor shall be done by Company in the following manner: 3.6.1. Vendor shall prepare a consolidated advice list of all orders delivered to the customer, times in a month for every days. 3.6.2. The Company shall within working days of receipt of advice process the amount due to Vendor and dispatch th...

Consideration and Payment Terms. In consideration for supply of Spare Parts, as shall be purchased by the IAA under any approved PO, the IAA shall pay the Supplier the price stipulated in the Supplier's Official Price List as at the date of order, less 10%.

Consideration and Payment Terms. 4.1 In consideration for the rights granted under this Agreement, the Licensee shall pay the Licensor the following fees and payments: