Procurement Fees definition
Examples of Procurement Fees in a sentence
All costs associated with Certified Products for the Transferred ▇▇▇▇▇ (including but not limited to landowner premiums, audit expenses, and fees to certifying agencies) shall be paid by IP and charged back to Sylvamo as part of the Monthly Procurement Fees (net of any FSC credits).
With respect to each month, the aggregate monthly value of the Product Procurement Fees (the “Aggregate Monthly Purchased Products Fee”) shall be calculated pursuant to Schedule C and shall be due and payable from the Company to ▇▇▇▇ as specified in Schedule C.
The Company acknowledges and agrees that, as part of the calculation of each Monthly True-up Amount, the Company will owe to ▇▇▇▇ (i) the applicable Product Sales Fees for all Products delivered to Customers under Included Sales Transactions during the relevant month and (ii) the applicable Product Procurement Fees for all Products delivered to ▇▇▇▇ under Included Purchase Transactions during the relevant month.
The Procurement Fees for individual projects shall be determined based on, among others, the model and quantity of Konka products required, and the unit price of the product(s).
FREENOW may request, at its sole discretion, such evidence as it may consider appropriate that the amount of the fees reported to FREENOW comply with the Schedule of Fees (Procurement Fees).
Such report will also include the amount of the Patent Procurement Fees, the Institution Pre- Effective Date Patent Procurement Fees, the Administration Fee, the Net Revenue, the amount of the Net Revenue allocable to STC and the Institution for such period, and such other information reasonably necessary to accurately account for the income and expenses of STC related to the Invention and the Patent Rights.
The Procurement Fees shall not be higher than the quotation offered by Independent Third Party.
The Procurement Fees are to be agreed after arm’s length negotiations between parties with reference to the centralized procurement price confirmed by Hefei OCT Industry, quotation offered by Independent Third Party for the same or highly similar products concerned, the timing, engineering progress and other specific procurement requirements of Hefei OCT Industry.
Notwithstanding the foregoing: (i) amounts allocated under an Option Agreement or a Sublicense Agreement as reimbursement for Institution’s Pre-Effective Date Patent Procurement Fees shall be distributed one hundred percent (100%) to Institution; and, (ii) amounts allocated under an Option Agreement or a Sublicense Agreement to Patent Procurement Fees incurred after the Effective Date shall be distributed to the Party ultimately responsible for payment of such fees under this Agreement.
As of the Effective Date, Institution’s Pre Effective Date Patent Procurement Fees are $0.