PE Fee definition
Examples of PE Fee in a sentence
Where: P = P/E Fee I = Quarterly Installments paid toward the minimum base fee during AP C = Merchandise Credit earned during AP (All figures in U.S. Dollars) Example 1: ---------- Assuming purchases of merchandise F.O.B.C. by the ITI-GROUP through RIPLP of $100,000,000 during an Annual Period, the formula would have the results indicated below: $548,475-[($66,562.50x4)+($100,000,000x0.0025)]=$32,225 The ITI-GROUP would pay RIPLP $32,225 on or before August 31.
In addition to the purchasing ----------------------------- agent's commission, RIPLP shall receive a Purchasing Agent/Exporter Fee ("P/E Fee").
Anything in this Agreement notwithstanding, P/E Fee installments are due as set out in Section 1.5 above and, during the first AP, as set out in Section 1.7(d) and the ITI-GROUP will pay those installments to A&A as set out in paragraphs 1.5 and 1.7 without requirement of an invoice or statement from A&A.
Anything in this Agreement notwithstanding, P/E Fee installments are due as set out in Section 1.5 above and, during the first AP, as set out in Section 1.7(d) and the ITI-GROUP will pay those installments to RIPLP as set out in paragraphs 1.5 and 1.7 without requirement of an invoice or statement from RIPLP.
The P/E Fee shall consist of a minimum annual base fee of U.S.$710,000 from the ITI-GROUP, subject to increase as provided below.
If the total of the quarterly installments (as described above) plus the merchandise credit for any Annual Period is less than the P/E Fee, then on or before August 31 following each such Annual Period, the ITI-GROUP will pay the deficiency to A&A.
Where: P = P/E Fee I = Quarterly Installments paid toward the minimum base fee during AP C = Merchandise Credit earned during AP (All figures in U.S. Dollars) Example 1: ---------- Assuming purchases of merchandise F.O.B.C. by the ITI-GROUP through A&A of $130,000,000 during an Annual Period, the formula would have the results indicated below: $731,300-[($88,750x4)+($130,000,000x0.0025)]=$51,300 The ITI-GROUP would pay A&A $51,300 on or before August 31.
In addition to the purchasing agent's ----------------------------- commission, A&A shall receive a Purchasing Agent/Exporter Fee ("P/E Fee").
If the total of the quarterly installments (as described above) plus the merchandise credit for any Annual Period is less than the P/E Fee, then on or before August 31 following each such Annual Period, the ITI-GROUP will pay the deficiency to RIPLP.
If the total of the quarterly installments (as described above) and the Merchandise Credit for any Annual Period is in excess of the P/E Fee, then on or before August 31 following each such Annual Period, RIPLP will refund the excess, but not in excess of the total of all quarterly installments paid during such Annual Period.