Common use of SPEND Clause in Contracts

SPEND. 3.1 For the purposes of calculating Actual Spend under this Agreement, the following shall not be taken into consideration: 3.1.1 any fees payable in respect of orders for the supply of product and/or service which is not a Watch Product; and/or 3.1.2 any fees payable in respect of orders for the supply of Watch Product placed by an entity which is not a Client Entity; and/or 3.1.3 the value of any Watch Products offered to Client on a free basis. 3.2 If any fees paid by Client or a Client Entity for Watch Products are not in the same currency of the Volume Commitment, then for the purposes of calculating the Actual Spend, such fees paid will be converted into the same currency of the Volume Commitment by reference to the based on Thomson CompuMark internal yearly plan rate.

SPEND. 3.1 For the purposes of calculating Actual Spend under this Agreement, the following shall not be taken into consideration: 3.1.1 any fees payable in respect of orders for the supply of product and/or service which is not a Watch Product; and/or 3.1.2 any fees payable in respect of orders for the supply of Watch Product placed by an entity which is not a Client Entity; and/or 3.1.3 the value of any Watch Products offered to Client on a free basis. 3.2 If any fees paid by Client or a Client Entity for Watch Products are not in the same currency of the Volume Commitment, then for the purposes of calculating the Actual Spend, such fees paid will be converted into the same currency of the Volume Commitment by reference to the based on Thomson CompuMark Clarivate internal yearly plan rate.