Common use of Service Fee and Payment Clause in Contracts

Service Fee and Payment. 2.1 The Service Provider will charge the Service Recipient, and the Service Recipient will pay the Service Provider, an arm's length service fee for the Services provided, which shall be equal to the amount determined in accordance with Exhibit B. 2.2 The costs incurred by the Service Provider in providing the Services under this Agreement will be calculated using a generally accepted cost accounting system and will be based on actual direct and indirect costs incurred by the Service Provider's or any of its affiliates' personnel or costs incurred by third parties contracted by the Service Provider. 2.3 All payments made by any Service Recipient under this Agreement will be in U.S. dollars net of any deduction or withholding for any and all Taxes (defined below) imposed on any party by the local taxing authority. 2.4 The Service Provider will invoice the Service Recipient for Services provided monthly. Each such invoice shall be payable upon receipt by the applicable Service Recipient. Interest will be charged on past due unpaid balances in the amount of the maximum interest rate per month legally permitted under the jurisdiction of the applicable Service Recipient. Payment will be made in the United States of America in accordance with the terms of the applicable invoice. 2.5 The parties have established this Agreement with the intent to satisfy the arm's length standard under local law. The parties intend to maintain contemporaneous documentation to support the determination of the service fee under this Agreement. In the event that the local taxing authority of any party makes an adjustment to any intercompany transaction and the local party has used its best efforts to resolve the matter, the parties hereby mutually agree that each is contractually bound to reimburse the other an amount equal to any final transfer pricing adjustment determined by said local taxing authority regarding the intercompany transactions at issue. This adjustment includes interest, penalty and any other additions to tax. Any reimbursement under this provision is to be made regardless of any local tax authority or tax treaty procedural matters relating to this Agreement.

Service Fee and Payment. 2.1 The Service Provider will charge the Service Recipient, and the Service Recipient will pay the Service Provider, an arm's length service fee for the Services provided, which shall be equal to the amount determined in accordance with Exhibit B.B .. 2.2 The costs incurred by the Service Provider in providing the Services under this Agreement will be calculated using a generally accepted cost accounting system and will be based on actual direct and indirect costs incurred by the Service Provider's or any of its affiliates' personnel or costs incurred by third parties contracted by the Service Provider. 2.3 All payments made by any the Service Recipient under this Agreement will be in U.S. New Zealand dollars net of any deduction or withholding for any and all Taxes (( defined below) imposed on any party by the local taxing authority. 2.4 The Service Provider will invoice the Service Recipient for Services provided monthlyplus reimbursement of out of pocket expenses and GST if applicable, monthly in arrears. Each such invoice shall be payable upon receipt by the applicable Service Recipient. Interest will be charged on past due unpaid balances in the amount of the maximum interest rate per month legally permitted under the jurisdiction of the applicable Service Recipient. Payment will be made in the United States of America in accordance with the terms of the applicable invoice. 2.5 The parties have established this Agreement with the intent to satisfy the arm's length standard under local law. The parties intend to maintain contemporaneous documentation to support the determination of the service fee under this Agreement. In the event that the local taxing authority of any party makes an adjustment to any intercompany transaction and the local party has used its best efforts to resolve the matter, the parties hereby mutually agree that each is contractually bound to reimburse the other an amount equal to any final transfer pricing adjustment determined by said local taxing authority regarding the intercompany transactions at issue. This adjustment includes interest, penalty and any other additions to tax. Any reimbursement under this provision is to be made regardless of any local tax authority or tax treaty procedural matters relating to this Agreement. 2.6 The Service Provider will maintain corporate records that adequately support the invoices that it submitted to the Service Recipient and will make available such corporate records to the Service Recipient upon reasonable request.

Service Fee and Payment. 2.1 The Each Service Provider will charge the Service Recipient, and the Service Recipient will pay the each Service Provider, an arm's ’s length service fee for the Services provided, which shall be equal to the amount determined in accordance with Exhibit B.B (the “Service Fee”). 2.2 The costs incurred by the each Service Provider in providing the Services under this Agreement will be calculated using a generally accepted cost accounting system and will be based on actual direct and indirect costs incurred by the relevant Service Provider's Provider or any of its their affiliates' ’ personnel or costs incurred by third parties contracted by the relevant Service Provider. 2.3 All payments made by any the Service Recipient under this Agreement will be in U.S. dollars net of any deduction or withholding for any and all Taxes (defined below) imposed on any party by the local taxing authority. 2.4 The Each Service Provider will invoice the Service Recipient for Services provided the Service Fee monthly. Each such invoice shall be payable upon receipt by the applicable Service Recipient. Interest will be charged on past due unpaid balances in the amount of the maximum interest rate per month legally permitted under the jurisdiction of the applicable Service Recipient. Payment will be made in the United States of America in accordance with the terms of the applicable invoice. 2.5 The parties have established this Agreement with the intent to satisfy the arm's ’s length standard under local law. The parties intend to maintain contemporaneous documentation to support the determination of the service fee under this AgreementService Fee. In the event that the local taxing authority of any party makes an adjustment to any intercompany transaction and the local party has used its best efforts to resolve the matter, the parties hereby mutually agree that each is contractually bound to reimburse the other an amount equal to any final transfer pricing adjustment determined by said local taxing authority regarding the intercompany transactions at issue. This adjustment includes interest, penalty and any other additions to tax. Any reimbursement under this provision is to be made regardless of any local tax authority or tax treaty procedural matters relating to this Agreement. 2.6 Each Service Provider will maintain corporate records that adequately support the invoices that it submitted to the Service Recipient and will make available such corporate records to the Service Recipient upon reasonable request.