Actual Cost. Any charges to the Receiving Party for Administrative Services provided by Cantor or Newmark, as the case may be, or by third parties pursuant to Section 2 of this Agreement shall be based upon rates not intended to provide a profit to Cantor or Newmark, as applicable. Any sales, use, value added, turnover or similar taxes required to be charged in respect of Administrative Services provided by a party to another party shall be charged in addition to any charges otherwise due hereunder, and shall be included in the relevant invoice.
Appears in 3 contracts
Sources: Administrative Services Agreement (Newmark Group, Inc.), Administrative Services Agreement (BGC Partners, Inc.), Administrative Services Agreement (Newmark Group, Inc.)