Common use of Compensation of SAP Clause in Contracts

Compensation of SAP. 6.1 SAP will provide an invoice specifying the fees for each of the Services in accordance with the terms of the Order Form. Payment is due thirty [30] days after the invoice is issued. Any fees not paid when due shall accrue an administrative fee at the rate of 12% per annum, but not to extend the maximum amount as allowed by law. After written notice, SAP may suspend the provision of Services until payment is made. 6.2 Fees and other charges described in the Agreement do not include Taxes, now or hereinafter levied all of which shall be for Licensee’s account with the exception of income or corporation taxes attributable to SAP. SAP and Licensee agree to comply with the applicable Tax law in force for the duration of the Agreement. Any applicable direct pay permits or valid tax-exempt certificates must be provided to SAP prior to the execution of this Agreement. If SAP is required to pay Taxes, Licensee shall reimburse SAP for such amounts. 6.3 Notwithstanding the above, if the Licensee is legally required to deduct withholding/any other type of taxes from any payment which is due to SAP, the Licensee must promptly notify SAP at time of receiving invoice or when it becomes aware of such requirement, whichever is earlier and provide SAP with evidence of receipt by the relevant tax authority of any sum that the Licensee has deducted as withholding tax/any other type of taxes and such other information or documents as SAP may reasonably require for purposes of obtaining any available tax credit. Should the Licensee, notwithstanding formal written demand to it by SAP, fail to furnish to SAP such receipt within a reasonable period for any reason other than the obvious delay of the issuing authority, then Licensee shall be liable to pay to SAP the amount so deducted upon demand. 6.4 Licensee hereby agrees to reimburse SAP for any taxes and tax related costs, administrative fees and penalties paid or payable by SAP as a result of Licensee’s non-compliance in regard to this Section or delay with its responsibilities herein.

Compensation of SAP. 6.1 SAP will provide an invoice specifying the fees for each of the Services in accordance with the terms of the Order Form. Payment is due thirty [30] days after the invoice is issued. Any fees not paid when due shall accrue an administrative fee SAP reserves the right to charge interest at the rate of 12% per annumannum from time to time of SAP’s then current banking institution on such sum from the due date for payment to the date of actual payment, but not to extend the maximum amount as allowed by law. After written notice, SAP may suspend the provision of Services until payment is madeboth before and after any judgment (if applicable). 6.2 Fees and other charges described in the Agreement do not include Taxes, now or hereinafter levied all of which shall be for Licensee’s account with the exception of income or corporation taxes attributable to SAP. SAP and Licensee Prime Contractor agree to comply with the applicable Tax tax law applicable in force for the duration country where the parties are registered now or hereinafter during the term of the Agreement. Any applicable direct pay permits or valid tax-exempt certificates must be provided to SAP prior to the execution of this the Agreement. If SAP is required to pay Taxes, Licensee Prime Contractor shall reimburse SAP for such amounts. Prime Contractor hereby agrees to indemnify SAP for any Taxes and related costs, interest and penalties paid or payable by SAP. This Section shall not apply to taxes based on SAP’s income. 6.3 Notwithstanding SAP’s remuneration (or SAP’s receipt of such remuneration) shall not in any way be conditioned upon the above, if Prime Contractor receiving payment from the Licensee Customer. 6.4 In the event the Prime Contractor is legally required to deduct withholding/any other type of taxes withholding tax from any payment which is due to SAP, the Licensee Prime Contractor must use its best efforts to reduce that tax to the lowest level possible. SAP will cooperate to that end. Prime Contractor must promptly notify SAP at time of receiving invoice or when it becomes aware of such requirement, whichever is earlier and provide SAP with evidence of receipt by the relevant tax authority of any sum that the Licensee Prime Contractor has deducted as withholding tax/any other type . SAP will notify the Prime Contractor if SAP is unable to recover the full amount of taxes and such other information or documents as SAP may reasonably require for purposes of obtaining any available the deduction from the local tax creditauthorities. Should In this circumstance, the Licensee, notwithstanding formal written demand to it by SAP, fail to furnish Prime Contractor must make an additional payment to SAP such receipt within a reasonable period for any reason other than so that the obvious delay total amount SAP receives is the same as it would have been if the Prime Contractor had not been required to deduct withholding tax. Any additional payment of the issuing authority, then Licensee shall this nature must be liable to pay to SAP the amount so deducted upon demand. 6.4 Licensee hereby agrees to reimburse SAP for any taxes and tax related costs, administrative fees and penalties paid or payable received by SAP as within thirty (30) days of SAP notifying the Prime Contractor that SAP was unable to make a result of Licensee’s non-compliance in regard to this Section or delay with its responsibilities hereinfull recovery.

Compensation of SAP. 6.1 SAP will provide an invoice specifying the fees for each of the Services in accordance with the terms of the Order Form. Payment is due thirty [30] fifteen (15) days after the invoice is issued. Any fees not paid when due shall accrue an administrative fee at SAP reserves the rate right to apply late payment interest of 123% per annum, but not above CITI Bank (Bangalore) Base Rate Per Annum (applicable as on date of invoice) till the payment subject to extend the maximum amount as allowed by in accordance with applicable law. After written noticenotice and without incurring any liabilities, SAP may suspend the provision of Services until payment is made. 6.2 Fees and other charges described in the Agreement do not include Taxes, now or hereinafter levied all of which shall be for Licensee’s account with the exception of income or corporation taxes attributable to SAP. SAP and Licensee agree to comply with the applicable Tax law in force for the duration of the Agreement. Any applicable direct pay permits or valid tax-tax- exempt certificates must be provided to SAP prior to the execution of this the Agreement. Prime Contractor understands that such tax benefit is subject to Prime Contractor abiding by relevant requirements including the timelines as prescribed under the applicable law. If SAP is required to pay Taxes, Licensee Prime Contractor shall reimburse SAP for such amounts. 6.3 Notwithstanding the above, if the Licensee is legally required to deduct withholding/any other type of taxes from any payment which is due to SAP, the Licensee must promptly notify SAP at time of receiving invoice or when it becomes aware of such requirement, whichever is earlier and provide SAP with evidence of receipt by the relevant tax authority of any sum that the Licensee has deducted as withholding tax/any other type of taxes and such other information or documents as SAP may reasonably require for purposes of obtaining any available tax credit. Should the Licensee, notwithstanding formal written demand to it by SAP, fail to furnish to SAP such receipt within a reasonable period for any reason other than the obvious delay of the issuing authority, then Licensee shall be liable to pay to SAP the amount so deducted upon demand. 6.4 Licensee Prime Contractor hereby agrees to reimburse indemnify SAP for any taxes Taxes and tax related costscosts (including those related to the long term assignment of SAP employees), administrative fees interest and penalties paid or payable by SAP SAP. This Section shall not apply to taxes based on SAP’s income. In case Prime Contractor deducts Withholding Taxes (“WHT”) then this must be as a result per applicable Tax Laws in India. Prime Contractor shall issue necessary Withholding Tax Certificate to SAP, towards WHT deducted, within the timeliness as prescribed by the law, failing which Prime Contractor shall pay to SAP, the amount of LicenseeWHT deducted in accordance with the Order Form. 6.3 SAP’s non-compliance remuneration (or SAP’s receipt of such remuneration) shall not in regard to this Section or delay with its responsibilities hereinany way be conditioned upon the Prime Contractor receiving payment from the Customer.

Compensation of SAP. 6.1 SAP will provide an invoice specifying the fees for each of the Services in accordance with the terms of the Order Form. Payment is due thirty [30] days after the invoice is issued. Any fees not paid when due shall accrue an administrative fee at the rate of 12% per 12%per annum, but not to extend exceed the maximum amount as allowed by law. 6.2 SAP reserves the right to apply late payment interest in accordance with applicable law. After written notice, SAP may reserves the right to suspend the provision of the Services until such time as payment is made. 6.2 6.3 Fees and other charges described in the this Agreement do not include Taxes, now or hereinafter levied all of which shall be for Licensee’s account with the exception of income or corporation taxes attributable to SAP. SAP and Licensee agree to comply with the applicable Tax law in force for the duration of the Agreementagreement. Any applicable direct pay permits or valid tax-exempt certificates must be provided to SAP prior to the execution of this Agreement. If SAP is required to pay Taxes, Licensee shall reimburse SAP for such amounts. 6.3 6.4 Notwithstanding the above, if the Licensee is legally required to deduct withholding/any other type of taxes from any payment which is due to SAP, the Licensee must promptly notify SAP at time of receiving invoice or when it becomes aware of such requirement, whichever is earlier and provide SAP with evidence of receipt by the relevant tax authority of any sum that the Licensee has deducted as withholding tax/tax / any other type of taxes and such other information or documents as SAP may reasonably require for purposes of obtaining any available tax credit. Should the Licensee, notwithstanding formal written demand to it by SAP, fail to furnish to SAP such receipt within a reasonable period for any reason other than the obvious delay of the issuing authority, then Licensee shall be liable to pay to SAP the amount so deducted upon demand. 6.4 6.5 Licensee hereby agrees to reimburse SAP for any taxes and tax related costs, administrative fees and penalties paid or payable by SAP as a result of Licensee’s non-compliance in regard to this Section or delay with its responsibilities herein.