Planned ITO Sample Clauses

Planned ITO. Subject to Condition 3.4 above, GSS shall charge a fee of 1.5 per cent of the total value in US dollars (or part thereof) of the Boxes purchased by the relevant Sightholder at each Sight Location during the relevant Selling Period (or such other period as is notified by GSS from time to time in accordance with the 2015-2018 Supply Documentation). • Worked example (for illustrative purposes only): Wundergem Limited has elected to receive a Planned ITO and purchases in total US$45,000,000 of Diamonds in a Selling Period from two Sights, Gaborone and ▇▇▇▇▇▇▇▇▇ respectively. The total purchase comprises US$30,000,000 for the Gaborone Sight and US$15,000,000 for the ▇▇▇▇▇▇▇▇▇ Sight. The applicable Supply Planning Fee calculation is as follows: (i) Gaborone Sight: US$30,000,000 - Wundergem Limited will be invoiced for its Gaborone Sight Planned ITO with a Supply Planning Fee charge of US$450,000 (1.5 per cent of US$30,000,000=US$450,000) (ii) ▇▇▇▇▇▇▇▇▇ Sight: US$15,000,000 - Wundergem Limited will be invoiced for its ▇▇▇▇▇▇▇▇▇ Sight Planned ITO with a Supply Planning Fee charge of US$225,000 (1.5 per cent of US$15,000,000=US$225,000) plus VAT if applicable Total Supply Planning Fee invoiced: US $675,000 (US$450,000 + US$225,000) plus VAT, if applicable.