Common use of Service Fee and Payment Clause in Contracts

Service Fee and Payment. 2.1 By considering the contents of specific services provided and the target of service, Party A may determine, in its discretion, a fair service fee and proper payment arrangement according to the income and student number of Party B and Subsidiaries of Party B in a fixed period. The calculation and payment arrangement of the service fee is provided in Appendix II of the Agreement. 2.2 If Party A determines the fee calculation mechanism specified herein should no longer apply due to whatever reason and need to be adjusted, Party A shall actively and faithfully propose an adjustment scheme to determine a new fee standard or mechanism. If Service Accepting Party does not respond within seven (7) days after receiving the adjustment scheme as mentioned above, it shall be deemed as having accepted the adjustments proposed by Party A.

Appears in 2 contracts

Sources: Exclusive Management Service and Business Cooperation Agreement (Bright Scholar Education Holdings LTD), Exclusive Management Service and Business Cooperation Agreement (Bright Scholar Education Holdings LTD)

Service Fee and Payment. ​ 2.1 By considering the contents of specific services provided and the target of service, Party A may determine, in its discretion, a fair service fee and proper payment arrangement according to the income and student number of Party B and Subsidiaries of Party B in a fixed period. The calculation and payment arrangement of the service fee is provided in Appendix II I of the Agreement. 2.2 If Party A determines the fee calculation mechanism specified herein should no longer apply due to whatever reason and need to be adjusted, Party A shall actively and faithfully propose an adjustment scheme to determine a new fee standard or mechanism. If Service Accepting Party does not respond within seven (7) days after receiving the adjustment scheme as mentioned above, it shall be deemed as having accepted the adjustments proposed by Party A.

Appears in 1 contract

Sources: Exclusive Management Service and Business Cooperation Agreement (Bright Scholar Education Holdings LTD)