Service Fees and Payment Mode Sample Clauses

Service Fees and Payment Mode. The Parties agree that, in consideration of the services provided by WFOE, Gridsum Holdco shall pay WFOE fees (the “Service Fees”) equal to 90% of the net income of Gridsum Holdco, which equals the balance of the gross income less the costs of Gridsum Holdco acceptable to the Parties (the “Net Income”). The Service Fees shall be due and payable on a quarterly basis. Within 30 days after the end of each quarter, Gridsum Holdco shall (i) deliver to WFOE the management accounts and operating statistics of Gridsum Holdco for such quarter, including the Net Iincome of Gridsum Holdco during such quarter (the “Quarterly Net Income”), and (ii) pay 90% of such Quarterly Net Income to WFOE (the “Quarterly Payment”). Within ninety (90) days after the end of each fiscal year, Gridsum Holdco shall (i) deliver to WFOE audited financial statements of Gridsum Holdco for such fiscal year, which shall be audited and certified by an independent certified public accountant approved by WFOE, and (ii) pay an amount to WFOE equal to the shortfall, if any, of the aggregate net income of Gridsum Holdco for such fiscal year, as shown in such audited financial statements, as compared to the aggregate amount of the Quarterly Payments paid by Gridsum Holdco to WFOE in such fiscal year. WFOE and Gridsum Holdco further agree that, according to the actual cooperation between WFOE and Gridsum Holdco and the revenue and expenditure situation of Gridsum Holdco, the Parties can reasonably adjust the calculation ratio of the Service Fees provided herein, and WFOE is entitled to determine, at its sole discretion, whether to permit Gridsum Holdco to defer the payment of part of Service Fees under certain particular circumstances.
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Related to Service Fees and Payment Mode

  • Fees and Payment 2.1 All fees payable are due within 30 days from the invoice date. Once placed, Your order is non-cancelable and the sums paid nonrefundable, except as provided in this Agreement or Your order. You will pay any sales, value- added or other similar taxes imposed by applicable law that we must pay based on the Services You ordered, except for taxes based on our income. Fees for Services listed in an order are exclusive of taxes and expenses.

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  • Service Fees Pricing and procedure details provided in the original signed agreement.

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