Common use of Payment for the Services Clause in Contracts

Payment for the Services. 2.1 Party B and Party C acknowledge the full support of Party A by providing in advance all of the Services and the risks associated therein, and agree to pay Party A the Basic Service Fee (as fully described in Appendix II). 2.2 To provide proper incentive to Party A in connection with the Services provided by Party A, Party B and Party C agree to pay Party A the Bonus Service Fee (as fully described in Appendix II), as applicable. 2.3 Party A may from time to time and in response to market changes, in its sole discretion, determine that the mechanism of calculating the Service Fee (as fully described in Appendix II) becomes unpractical or unreasonable and demand adjustment to be made to the calculation mechanism, Party B shall discuss with Party A in good faith within seven (7) business days upon receipt of such written request for an adjustment to modify the existing calculation mechanism.

Appears in 2 contracts

Sources: Exclusive Technical, Operational, Business Consulting and Services Agreement (Legend Media, Inc.), Exclusive Technical, Operational, Business Consulting and Services Agreement (Legend Media, Inc.)

Payment for the Services. 2.1 Party B and Party C acknowledge the full support of Party A by providing in advance all of the Services and the risks associated therein, and agree to pay Party A the Basic Service Fee (as fully described in Appendix II). 2.2 . To provide proper incentive to Party A in connection with the Services provided by Party A, Party B and Party C agree to pay Party A the Bonus Service Fee (as fully described in Appendix II), as applicable. 2.3 . Party A may from time to time and in response to market changes, in its sole discretion, determine that the mechanism of calculating the Service Fee (as fully described in Appendix II) becomes unpractical or unreasonable and demand adjustment to be made to the calculation mechanism, Party B shall discuss with Party A in good faith within seven (7) business days upon receipt of such written request for an adjustment to modify the existing calculation mechanism.

Appears in 1 contract

Sources: Exclusive Technical, Operational, Business Consulting and Services Agreement (Legend Media, Inc.)