Terms of Payment. 10.1 The method and conditions of payment to be made to the Supplier under this Contract shall be as follows: On Delivery and Acceptance: Hundred (100) percent of the Contract Price of the Goods delivered shall be paid after submission of documents specified in GCC Clause 5, supported by the Acceptance Certificate issued by the Procuring Entity pursuant to GCC Clause 7 11.
Terms of Payment. 26.1 The Contract Price, including any Advance Payments, if applicable, shall be paid in the manner as specified in the PCC. 26.2 The Supplier’s request for payment shall be made to the Procuring Entity in writing, accompanied by an invoice describing, as appropriate, the Goods delivered and related services performed, and accompanied by the documents as stated under GCC Clause 21 and 22 and upon fulfilment of any other obligations stipulated in the Contract Agreement. 26.3 Payments shall be made promptly by the Procuring Entity, but in no case later than the days indicated in the PCC after submission of an invoice or request for payment by the Supplier, and after the Procuring Entity has accepted it. 26.4 Payments due to the Supplier under this Contract shall be made in Bangladesh Taka (BDT) Currency. 26.5 In the event that the Procuring Entity fails to pay the Supplier any payment by its respective due date or within the period as stated under GCC Sub Clause 25.3, the Procuring Entity shall pay to the Supplier interest on the amount of such delayed payment at the rate specified in the PCC, for the period of delay until payment has been made in full. 27.