Common use of Charges; Payment; Taxes Clause in Contracts

Charges; Payment; Taxes. Vendor agrees to pay to NASD the then effective charges as set forth either in the NASD Rules or in a notice to Vendor, including all applicable deposits, and installation, deinstallation, equipment, communications, facilities, training, interest and late fees and/or charges (other than amounts due under this Agreement which are the subject of a bona fide dispute between Vendor and NASD) without set-off, offset or recoupment. Vendor will also be responsible for paying NASD for any cost or expense incurred by NASD when: (i) visiting Vendor’s facilities for training, support or other services if NASD determines, in good faith and in its reasonable judgment, that such visit was unnecessary; or (ii) the cost or expense of any scheduled service calls by NASD personnel to Vendor’s facilities where NASD’s personnel are unable to gain entrance to Vendor’s facilities or unable to gain reasonable cooperation from Vendor’s personnel. Vendor shall assume full and complete responsibility for the payment of any taxes, charges or assessments imposed on Vendor or NASD by any foreign or domestic national, state, provincial or local government bodies, or subdivisions thereof, and any penalties or interest, (except for U.S. federal, state or local income taxes, if any, imposed on NASD) relating to the provision of the System and Information to Vendor. In addition, if Vendor is required by applicable law to deduct or withhold any such tax, charge or assessment from the amounts due NASD, then such amounts due shall be increased so that the net amount actually received by NASD after the deduction or withholding of any such tax, charge or assessment, will equal one hundred percent (100%) of the charges that are owed. Payment is due within 30 days of the receipt of the invoice or the date stated therein if different. Interest at a rate of one percent (1%) per month on any outstanding balance shall be due from thirty (30) days from the date of the invoice to the time that the amount(s) that are due have been paid. Payment shall be made in immediately available United States funds by check or electronic fund transfer drawn against a United States bank or other institution acceptable to NASD or by any other means mutually acceptable to the parties.

Charges; Payment; Taxes. Vendor Participant agrees to pay to NASD the then effective charges as set forth either in the NASD Rules or in a notice Notice to VendorParticipant, including all applicable deposits, and installation, deinstallation, equipment, communications, facilities, training, interest and late fees and/or charges (other than amounts due under this Agreement which are the subject of a bona fide dispute between Vendor Participant and NASD) without set-off, offset or recoupment. Vendor Participant will also be responsible for paying NASD for any cost or expense incurred by NASD when: (i) visiting VendorParticipant’s facilities for training, support or other services if NASD determines, in good faith and in its reasonable judgment, that such visit was unnecessary; or (ii) the cost or expense of any scheduled service calls by NASD personnel to VendorParticipant’s facilities where NASD’s personnel are unable to gain entrance to VendorParticipant’s facilities or unable to gain reasonable cooperation from VendorParticipant’s personnel. Vendor Participant shall assume full and complete responsibility for the payment of any taxes, charges or assessments imposed on Vendor Participant or NASD by any foreign or domestic national, state, provincial or local government bodies, or subdivisions thereof, and any penalties or interest, (except for U.S. federal, state or local income taxes, if any, imposed on NASD) relating to the provision of the System Service and Information and Data to VendorParticipant. In addition, if Vendor Participant is required by applicable law to deduct or withhold any such tax, charge or assessment from the amounts due NASD, then such amounts due shall be increased so that the net amount actually received by NASD after the deduction or withholding of any such tax, charge or assessment, will equal one hundred percent (100%) of the charges that are owed. Payment is due within 30 days of the receipt of the invoice or the date stated therein if differentinvoice. Interest at a rate of one percent (1%) per month on any outstanding balance shall be due from thirty (30) days from the date of the invoice to the time that the amount(s) that are due have been paid. Payment shall be made in immediately available United States funds by check or electronic fund transfer drawn against a United States bank or other institution acceptable to NASD or by any other means mutually acceptable to the parties.parties.‌‌‌‌

Charges; Payment; Taxes. Vendor Participant agrees to pay to NASD the then effective charges as set forth either in the NASD Rules or in a notice Notice to VendorParticipant, including all applicable deposits, and installation, deinstallation, equipment, communications, facilities, training, interest and late fees and/or charges (other than amounts due under this Agreement which are the subject of a bona fide dispute between Vendor Participant and NASD) without set-off, offset or recoupment. Vendor Participant will also be responsible for paying NASD for any cost or expense incurred by NASD when: (i) visiting VendorParticipant’s facilities for training, support or other services if NASD determines, in good faith and in its reasonable judgment, that such visit was unnecessary; or (ii) the cost or expense of any scheduled service calls by NASD personnel to VendorParticipant’s facilities where NASD’s personnel are unable to gain entrance to VendorParticipant’s facilities or unable to gain reasonable cooperation from VendorParticipant’s personnel. Vendor Participant shall assume full and complete responsibility for the payment of any taxes, charges or assessments imposed on Vendor Participant or NASD by any foreign or domestic national, state, provincial or local government bodies, or subdivisions thereof, and any penalties or interest, (except for U.S. federal, state or local income taxes, if any, imposed on NASD) relating to the provision of the System Service and Information and Data to VendorParticipant. In addition, if Vendor Participant is required by applicable law to deduct or withhold any such tax, charge or assessment from the amounts due NASD, then such amounts due shall be increased so that the net amount actually received by NASD after the deduction or withholding of any such tax, charge or assessment, will equal one hundred percent (100%) of the charges that are owed. Payment is due within 30 days of the receipt of the invoice or the date stated therein if differentinvoice. Interest at a rate of one percent (1%) per month on any outstanding balance shall be due from thirty (30) days from the date of the invoice to the time that the amount(s) that are due have been paid. Payment shall be made in immediately available United States funds by check or electronic fund transfer drawn against a United States bank or other institution acceptable to NASD or by any other means mutually acceptable to the parties.

Charges; Payment; Taxes. Vendor agrees to pay to NASD the then effective charges as set forth either in the NASD Rules or in a notice Notice to Vendor, including all applicable deposits, and installation, deinstallation, equipment, communications, facilities, training, interest and late fees and/or charges (other than amounts due under this Agreement which are the subject of a bona fide dispute between Vendor and NASD) without set-off, offset or recoupment. Vendor will also be responsible for paying NASD for any cost or expense incurred by NASD when: (i) visiting Vendor’s facilities for training, support or other services if NASD determines, in good faith and in its reasonable judgment, that such visit was unnecessary; or (ii) the cost or expense of any scheduled service calls by NASD personnel to Vendor’s facilities where NASD’s personnel are unable to gain entrance to Vendor’s facilities or unable to gain reasonable cooperation from Vendor’s personnel. Vendor shall assume full and complete responsibility for the payment of any taxes, charges or assessments imposed on Vendor or NASD by any foreign or domestic national, state, provincial or local government bodies, or subdivisions thereof, and any penalties or interest, (except for U.S. federal, state or local income taxes, if any, imposed on NASD) relating to the provision of the System and Information to Vendor. In addition, if Vendor is required by applicable law to deduct or withhold any such tax, charge or assessment from the amounts due NASD, then such amounts due shall be increased so that the net amount actually received by NASD after the deduction or withholding of any such tax, charge or assessment, will equal one hundred percent (100%) of the charges that are owed. Payment is due within 30 days of the receipt of the invoice or the date stated therein if different. Interest at a rate of one percent (1%) per month on any outstanding balance shall be due from thirty (30) days from the date of the invoice to the time that the amount(s) that are due have been paid. Payment shall be made in immediately available United States funds by check or electronic fund transfer drawn against a United States bank or other institution acceptable to NASD or by any other means mutually acceptable to the parties.parties.‌