PROCUREMENT MANAGEMENT FEE Sample Clauses

PROCUREMENT MANAGEMENT FEE. As part of PSC’s obligations under Section 6.02(1) above, PSC shall identify, manage and negotiate at the lowest price commercially available to PSC, all hardware, software and communication purchases, leases and licenses on behalf of ▇▇▇▇▇ for a management fee equal to [**] percent of the gross price for such procured item (the “Procurement Management Fee”), subject to THC’s written authorization to finalize each purchase, lease and license on terms acceptable to THC. Without limiting the foregoing, if, prior to giving authorization to PSC to finalize a purchase, lease or license, ▇▇▇▇▇ locates comparable, as determined by THC and PSC, hardware, software or communications products or services at a lower cost than that offered by PSC (exclusive of the Procurement Management Fee), PSC shall procure the hardware, software and communication product or services at the lower cost and PSC shall not be entitled to any Procurement Management Fee for the purchase, lease or license of the comparable products or services. Unless otherwise agreed by THC, the Procurement Management Fee shall not apply to any recurring maintenance or license fees associated with any purchase, lease or license by PSC pursuant to this Section 6.02. At THC’s request, PSC shall solicit and evaluate competitive bids with respect to any such purchase, lease or license.