Pricing Principle Sample Clauses

The Pricing Principle clause establishes the method and basis for determining the prices to be charged under an agreement. It typically outlines whether prices are fixed, variable, or subject to adjustment based on factors such as market rates, cost changes, or agreed formulas. For example, it may specify that prices will be reviewed annually or linked to an external index. This clause ensures transparency and predictability in pricing, helping both parties understand how costs are calculated and reducing the risk of disputes over payment amounts.
Pricing Principle. 3.1 The pricing for construction installation and engineering design services under this Agreement shall be determined in accordance with the Market Price (including the bidding price). 3.2 The financial services under this Agreement shall be decided based on the following principles: 3.2.1 for deposits and loans: a) the interest rate for the deposit of Party A with Party B shall be no lower than the minimum interest rate as provided by the People’s Bank of China for deposits of the same type; b) the interest rate for the loan provided by Party B to Party A shall be no higher than the maximum interest rate as provided by the People’s Bank of China for loans of the same type; 3.2.2 for paid services: a) Party B currently provides Party A with paid services in connection with financial leases, acceptance of ▇▇▇▇ or ▇▇▇▇ discount and/or security, etc.; b) The commission charged by Party B to Party A for the financial services set forth in Article 3.2.2 (a) shall comply with relevant provisions regarding the standard rates as stipulated by the People’s Bank of China or the China Banking Regulatory Commission (if any). 3.2.3 for services free of charge: Currently the service provided by Party B to Party A free of charge include collecting relevant payments and bills, settlement services and provision of financial information.
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Pricing Principle. 3.1 The pricing and/or charging standard under this Agreement shall be governed by the principle in this provision and in the following order: those that are fixed by the State shall follow the government-fixed price; those that have government guidance price shall follow the said guidance price; those that have no fixed price nor government guidance price yet have a market price shall follow the market price; those that none of the above said is applicable shall follow the pricing method agreed upon by both Parties, however, the said pricing method shall be calculated with regard to the reasonable cost and reasonable profit of the service, whereby “reasonable cost” means the cost agreed by both Parties. The “government-fixed price” follows the Pricing Law of the People’s Republic of China, which is set by the governmental pricing department or other related departments based on the pricing limits and range. The “government guidance price” follows the Pricing Law of the People’s Republic of China, which provides guidance to business operators by the governmental pricing department or other related departments based on the pricing limits, basic price range and its floating range. The “market price” means the price determined by the business operator and attained through market competition. The market price shall be determined by the following order: (1) the rate charged by any independent third party providing the same kind of service in the same or surrounding area under normal
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Pricing Principle. 4.1 Seller’s quotation confirmed by both Parties shall solely apply. Additional services will be invoiced separately. 4.2 Unless otherwise specified, all prices are quoted as Contract value including value added tax. 4.3 All prices quoted are based on Seller’s current Product specifications and any changes or additions to those specification require Seller’s prior written approval. All prices are based on the associated quantity levels by number per order unless otherwise agreed to by the Parties.
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Pricing Principle. 2.1 The pricing and/or charging standards for the integrated service under this appendix shall be set based on the market price. If the market price is not available or unable to determine, it shall be determined based on the negotiated price by the Parties. (1) Market price refers to the market price or charging standard applicable to the same or similar assets or services provided by an independent third party under normal commercial terms. (2) Negotiated price refers to the price determined based on the reasonable cost plus the tax paid in the leasing link and reasonable profit. (3) While determining the price standard or reasonable profit, the management, where practicable and feasible, should refer to at least two concurrent similar comparable transactions made with independent third parties or relevant industry profit rates. 2.2 The specific amount of service fees under this Appendix shall be calculated pursuant to the relevant accounting principles applied in China from time to time (if applicable). 2.3 Party A and Party B shall review the pricing standards of every service and facility provided according to this Appendix for the next accounting year before December 31 of every year (if necessary). 2.4 Party A and Party B are expected to sign specific execution documents as needed concerning certain service provision. The execution documents shall specify the services required by one Party and the binding principles, norms, and terms and conditions under this Appendix.
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Pricing Principle. 3.1 Except for the cases specified in Clause 3.2 of this section, all price and/or charging standard under the Agreement shall be determined with the reference to the market price. The "Market Rate" means the rate determined by the business operator and attained through market competition. The market rate shall be determined by the following order: (1) the rate charged by any independent third party providing the same kind of service in the same or surrounding area under normal situation; or (2) the rate charged by any independent third party providing the same kind of service within China under normal situation.
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Pricing Principle. 3.1 Except for the cases specified in Clause 3.2 of this section, all price and/or charging standard under the Agreement shall be determined with the reference to the market price. The “market price” means the rate determined by the business operator and attained through market competition. The market rate shall be determined by the following order: (1) the rate charged by any independent third party providing the same kind of services in the same or surrounding area under normal situation; or (2) the rate charged by any independent third party providing the same kind of services within the PRC under normal situation. 3.2 Both Parties have agreed that when the value of any project designing or project supervision services exceeds RMB five hundred thousand (500,000), or when the value of any project construction services exceeds RMB two million (2,000,000), then the price to be determined by invitation for tenders will be used as the basis of pricing. In addition, in regard to the pricing and/or charging standard of other services under this Agreement, the price determined by invitation for tenders (i.e.: the price that is determined by the way of open invitation of bidding in accordance with the Law of the People’s Republic of China on Bid Invitation and Bidding and other regulations and rules) will be used as the basis of pricing. In the above said bid invitation, there should be at least three (3) or more service providers present in the bidding, and Netcom Group shall not be given any preferential treatment by CNC China, and CNC China will be entitled to select any independent third party to provide related services to it; however, on the premise that it is not prohibited by laws and regulations of the PRC, if the terms and conditions provided by Netcom Group are at least equally favorable as that provided by an independent third party for the same services, then CNC China may select Netcom Group as the successful bidder. If Netcom Group is chosen as the successful bidder, the Parties shall sign specific documents for execution, which state clearly specific services required by CNC China at that time, the binding principles within this Agreement, as well as the terms and conditions for the performance of the said services. 3.3 The specific amount of service charge agreed upon under this Agreement shall from time to time be calculated by the accounting principles applicable in the PRC (if applicable). 3.4 Both Parties shall, before December 31 of every c...
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Pricing Principle. 5.1 The pricing or charging standard under this Agreement shall be governed by the principle in this provision and in the following order: those that are fixed by the State shall follow the Government-Fixed Price; those that have the Government Guidance Price shall follow the said guidance price; those that have no fixed price nor government guidance price yet have a Market Price shall follow the Market Price. 5.2 Party A and Party B agrees that if the Market Price is followed due to lack of fixed price or government guidance price, when the contract value of any construction, installation and supporting services provided by Party A and its relevant subsidiaries to Party B and its relevant subsidiaries exceeds ▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇, a bidding process must be conducted to settle the price, which means that the pricing basis is to settle the price by holding a publicly bidding event in accordance with the Bidding Law of People’s Republic of China. 5.3 Party A and Party B agree that if the Market Price is followed due to lack of fixed price or government guidance price, when the contract value of any system integration, software development, operational maintenance, consultancy and leasing services provided by Party B and its relevant subsidiaries to Party A and its relevant subsidiaries exceeds ▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇ the contract value of any single product sales and distribution related services exceeds RMB 2 million yuan, a bidding process must be conducted to settle the price, which means that the pricing basis is to settle the price by holding a publicly bidding event in accordance with the Bidding Law of People’s Republic of China. 5.4 Under conditions of not violating the laws of China, for the same kind of Services, if an independent third party cannot offer better conditions and terms to the other Party, one Party have preferential right to use the Services from the other Party. 5.5 Both Parties will sign the specific execution documents separately if one Party of this Agreement is successful in the bidding, and such execution documents must carry the terms regarding specific services needed, as well as the binding principles, terms and conditions. 5.6 The specific amount of service charge agreed upon under this Agreement shall from time to time be calculated by the accounting principles applicable in China (if applicable). 5.7 Both Parties shall, before December 31 of every calendar year, conduct a review on the price of every item of services an...
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Pricing Principle. 2.1 Except the situation described in Article 2.2, the pricing and/or charging standards for engineering design and construction service under this Appendix, shall be set in accordance with the market price. Market price refers to the market price or charging standard applicable to the same or similar products or services provided by an independent third party under normal commercial terms. While determining the price standard, the management, where practicable and feasible, should refer to at least two concurrent similar comparable transactions made with independent third parties. 2.2 The receiving party shall decide the specific provider of engineering design and construction service by means of bidding. The qualifications and conditions of the provider shall be no lower than an independent third party, and is in an equal position with the independent third party to engage in the bidding. In this case, the pricing shall be determined based on the final price confirmed by the bidding and tendering procedure.
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Pricing Principle. 2.1 For deposit: The interest rate for the deposit taken from Party A by Party B or its subsidiaries should not exceed the interest ceiling set by the People’s Bank of China (PBC) for such type of deposit, should not be higher than that set for the deposit of the same type from other customers by Party B or its subsidiaries, as well as should be no higher than the interest rate paid to Party A for the deposit of the same type by general commercial banks.
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Related to Pricing Principle

  • Operating Principles The operations of the Bank shall be conducted in accordance with the principles set out below. 1. The Bank shall be guided by sound banking principles in its operations. 2. The operations of the Bank shall provide principally for the financing of specific projects or specific investment programs, for equity investment, and for technical assistance in accordance with Article 15. 3. The Bank shall not finance any undertaking in the territory of a member if that member objects to such financing. 4. The Bank shall ensure that each of its operations complies with the Bank’s operational and financial policies, including without limitation, policies addressing environmental and social impacts. 5. In considering an application for financing, the Bank shall pay due regard to the ability of the recipient to obtain financing or facilities elsewhere on terms and conditions that the Bank considers reasonable for the recipient, taking into account all pertinent factors. 6. In providing or guaranteeing financing, the Bank shall pay due regard to the prospects that the recipient and guarantor, if any, will be in a position to meet their obligations under the financing contract. 7. In providing or guaranteeing financing, the financial terms, such as rate of interest and other charges and the schedule for repayment of principal shall be such as are, in the opinion of the Bank, appropriate for the financing concerned and the risk to the Bank. 8. The Bank shall place no restriction upon the procurement of goods and services from any country from the proceeds of any financing undertaken in the ordinary or special operations of the Bank. 9. The Bank shall take the necessary measures to ensure that the proceeds of any financing provided, guaranteed or participated in by the Bank are used only for the purposes for which the financing was granted and with due attention to considerations of economy and efficiency. 10. The Bank shall pay due regard to the desirability of avoiding a disproportionate amount of its resources being used for the benefit of any member. 11. The Bank shall seek to maintain reasonable diversification in its investments in equity capital. In its equity investments, the Bank shall not assume responsibility for managing any entity or enterprise in which it has an investment and shall not seek a controlling interest in the entity or enterprise concerned, except where necessary to safeguard the investment of the Bank.

  • Funding Principles A Party which spends less than its allocated share of the Consortium Budget will be funded in accordance with its actual duly justified eligible costs only. A Party that spends more than its allocated share of the Consortium Budget will be funded only in respect of duly justified eligible costs up to an amount not exceeding that share.

  • Governing Principles 1. The implementation of this Memorandum of Understanding shall in all aspects be governed by the Regulation and subsequent amendments thereof. 2. The objectives of the EEA Financial Mechanism 2014-2021 shall be pursued in the framework of close co-operation between the Donor States and the Beneficiary State. The Parties agree to apply the highest degree of transparency, accountability and cost efficiency as well as the principles of good governance, partnership and multi-level governance, sustainable development, gender equality and equal opportunities in all implementation phases of the EEA Financial Mechanism 2014-2021. 3. The Beneficiary State shall take proactive steps in order to ensure adherence to these principles at all levels involved in the implementation of the EEA Financial Mechanism 2014-2021. 4. No later than 31/12/2020, the Parties to this Memorandum of Understanding shall review progress in the implementation of this Memorandum of Understanding and thereafter agree on reallocations within and between the programmes, where appropriate. The conclusion of this review shall be taken into account by the National Focal Point when submitting the proposal on the reallocation of the reserve referred to in Article 1.11 of the Regulation.

  • Accounting Principles Where the character or amount of any asset or liability or item of income or expense is required to be determined or any consolidation or other accounting computation is required to be made for the purposes of this Agreement, it shall be done, unless otherwise specified herein, in accordance with GAAP.

  • Guiding Principles This Agreement shall create a liberal, facilitative, transparent and competitive investment environment in ASEAN by adhering to the following principles: (a) provide for investment liberalisation, protection, investment promotion and facilitation; (b) progressive liberalisation of investment with a view towards achieving a free and open investment environment in the region; (c) benefit investors and their investments based in ASEAN; (d) maintain and accord preferential treatment among Member States; (e) no back-tracking of commitments made under the AIA Agreement and the ASEAN IGA; (f) grant special and differential treatment and other flexibilities to Member States depending on their level of development and sectoral sensitivities; (g) reciprocal treatment in the enjoyment of concessions among Member States, where appropriate; and (h) accommodate expansion of scope of this Agreement to cover other sectors in the future.