Business Management System Software Use License Fee Sample Clauses

Business Management System Software Use License Fee. The business management system software use license fee is a part of the Franchise Fee collected by Party B from the Cooperative School, the amount of which is equal to 5% of the tuition collected by the Cooperative School from its enrolled students. Party A may, at its own discretion, waive such business management system software use license fee to be paid by Party B as appropriate, provided that one or several times’ of waiver of such license fee by Party A shall not be deemed as a waiver by Party A to exercise its right to collect such license fee in future.
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Business Management System Software Use License Fee. The amount of the business management system software use license fee shall be equal to 5% of Party B’s annual operating revenue as recorded pursuant to Chinese Accounting Standards;
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