Exclusive Operation. Service fees and payment: The Project Companies shall grant exclusive licence to CR Energy Services or its subsidiaries for operation of one or more energy efficiency and emission reduction projects by CR Energy Services or its subsidiaries for a certain period of time, during which CR Energy Services or its subsidiaries shall have exclusive rights to such projects and shall invest in, operate, maintain and manage such projects to ensure satisfaction of various national standards of emission and environment protection by the Project Companies. The Project Companies shall pay an exclusive operation service fee to CR Energy Services or its subsidiaries. The exclusive operation service fee is calculated on the following basis: Upon expiration of the exclusive operation period, the title to the project assets under the individual exclusive operation contracts shall be transferred to the Project Companies. The service fees shall be payable by the Project Companies to CR Energy Services or its subsidiaries by monthly, quarterly or annual installment, depending on payment terms negotiated on arm’s length basis and on normal commercial terms under the individual contracts between the Project Companies and CR Energy Services or its subsidiaries.
Appears in 2 contracts
Sources: Framework Agreement for Provision of Various Services, Framework Agreement for Provision of Various Services