Fees Charges. 2.1. Fees and other charges payable by the MEMBER in respect of the services are recorded on the cover page of this Services Agreement. 2.2. All fees and charges payable to XS shall be made without deductions or set into such bank account as XS may stipulate in writing from time to time. All fees are payable monthly in advance on or before the first day of each month. The MEMBER shall not for any reason whatsoever withhold, defer, or make any deduction from or set off against, any payment due to XS in terms of this agreement, irrespective of any actual or deemed indebtedness of XS to the MEMBER, or actual or deemed breach of any obligation to the MEMBER, from whatsoever cause arising. 2.3. XS may modify the amount of the fee due at any time, subject to notifying the MEMBER of the effective date of such fee modification 30 (thirty) calendar days in advance thereof. Unless terminated by the MEMBER in writing as provided for in this agreement, the new amount of the fee will be applied from the stated effective date. 2.4. A copy of this agreement, together with the MEMBER’S own proof of payment, will be for the purposes of this agreement be deemed to be a proper VAT invoice and XS will be under no obligation to issue any further VAT invoice. 2.5. Should a MEMBER - 2.5.1. Fail to pay any service fee or charge on the due date for payment thereof; or 2.5.2. Commit a breach of any of the other terms of this agreement; • A formal letter of demand will be immediately dispatched to the MEMBER’s e-mail and postal address; • Such letter of demand will afford the MEMBER 10 (ten) business days within which to rectify the default, failing which this Services • Agreement will automatically terminate without further communication to the MEMBER; • Upon termination of this Services Agreement, the MEMBER’s default will be reported to an appropriate Credit Bureau for the purposes of ‘blacklisting’. Such an adverse credit report will have an extremely negative impact on the MEMBER’s ability to procure retail credit; • Further legal recourse and practical steps to be implemented by XS following a MEMBER’s default are recorded in the Specific Service Provisions applicable to the services selected by the MEMBER. 2.5.3. In addition to the above, all late payments (all of which constitutes a default for purposes of 2.5.2 above) shall attract an immediately due administration fee of R308.00 incl. VAT in favour of XS, and all legal fees related to the recovery of the MEMBER’s indebtedness (including without limitation, postage, collection commissions & attorneys’ fees) shall similarly be for the MEMBER’s account.
Appears in 3 contracts
Samples: Member Services Agreement, Member Services Agreement, Member Services Agreement
Fees Charges. 2.1. Fees and other charges payable by the MEMBER in respect of the services are recorded on the cover page of this Services Agreement.
2.2. All fees and charges payable to XS shall be made without deductions or set into such bank account as XS may stipulate in writing from time to time. All fees are payable monthly in advance on or before the first day of each month. The MEMBER shall not for any reason whatsoever withhold, defer, or make any deduction from or set off against, any payment due to XS in terms of this agreement, irrespective of any actual or deemed indebtedness of XS to the MEMBER, or actual or deemed breach of any obligation to the MEMBER, from whatsoever cause arising.
2.3. XS may modify the amount of the fee due at any time, subject to notifying the MEMBER of the effective date of such fee modification 30 (thirty) calendar days in advance thereof. Unless terminated by the MEMBER in writing as provided for in this agreement, the new amount of the fee will be applied from the stated effective date.
2.4. A copy of this agreement, together with the MEMBER’S own proof of payment, will be for the purposes of this agreement be deemed to be a proper VAT invoice and XS will be under no obligation to issue any further VAT invoice.
2.5. Should a MEMBER -
2.5.1. Fail to pay any service fee or charge on the due date for payment thereof; or
2.5.2. Commit a breach of any of the other terms of this agreement; • A formal letter of demand will be immediately dispatched to the MEMBER’s e-mail and postal address; • Such letter of demand will afford the MEMBER 10 (ten) business days within which to rectify the default, failing which this Services • Agreement will automatically terminate without further communication to the MEMBER; • Upon termination of this Services Agreement, the MEMBER’s default will be reported to an appropriate Credit Bureau for the purposes of ‘blacklisting’. Such an adverse credit report will have an extremely negative impact on the MEMBER’s ability to procure retail credit; • Further legal recourse and practical steps to be implemented by XS following a MEMBER’s default are recorded in the Specific Service Provisions applicable to the services selected by the MEMBER.
2.5.3. In addition to the above, all late payments (all of which constitutes a default for purposes of 2.5.2 above) shall attract an immediately due administration fee of R308.00 R570.00 incl. VAT in favour of XS, and all legal fees related to the recovery of the MEMBER’s indebtedness (including without limitation, postage, collection commissions & attorneys’ fees) shall similarly be for the MEMBER’s account.
Appears in 2 contracts
Samples: Member Services Agreement, Member Services Agreement