Common use of Fees, Invoicing and Payment Clause in Contracts

Fees, Invoicing and Payment. On the Effective Date, Managed Service Provider (a) has Ordered the Platform Access with the obligation to pay the Platform Access Fee, and (b) the Platform Access Fee shall be due by Managed Service Provider on the Effective Date. The Platform Access Fee shall be automatically invoiced annually thereafter upon renewal, subject to the non-renewal terms of Section 7.1.1. The Consumption Fees shall accrue and be payable upon Use of any Application Workload by Managed Service Provider and shall be due within thirty (30) calendar days after the date of Grass Valley’s invoice. In connection with each such invoice, Grass Valley shall provide Managed Service Provider with Consumption statistics within such invoice, within the Account Resource or otherwise within a report provided by Grass Valley. Managed Service Provider shall prepay the Subscription Fees on the start date of the applicable Subscription Period pursuant to the applicable Order by Managed Service Provider, and the Subscription Fees shall be automatically invoiced by Grass Valley on such start date. All Fees paid hereunder are non- refundable. All past due amounts shall bear interest from the due date at the lesser of (i) one and one-half percent (1.5%) per month, or (ii) the maximum rate allowed by law.

Fees, Invoicing and Payment. On the Effective Date, Managed Service Provider Advanced Channel Partner (a) has Ordered the Platform Access with the obligation to pay the Platform Access Fee, and (b) the Platform Access Fee shall be due by Managed Service Provider Advanced Channel Partner on the Effective Date. The Platform Access Fee shall be automatically invoiced annually thereafter upon renewal, subject to the non-renewal terms of Section 7.1.1. The Consumption Fees shall accrue and be payable upon Use of any Application Workload by Managed Service Provider Advanced Channel Partner and shall be due within thirty (30) calendar days after the date of Grass Valley’s invoice. In connection with each such invoice, Grass Valley shall provide Managed Service Provider Advanced Channel Partner with Consumption statistics within such invoice, within the Account Resource or otherwise within a report provided by Grass Valley. Managed Service Provider Advanced Channel Partner shall prepay the Subscription Fees on the start date of the applicable Subscription Period pursuant to the applicable Order by Managed Service ProviderAdvanced Channel Partner, and the Subscription Fees shall be automatically invoiced by Grass Valley on such start date. All Fees paid hereunder are non- refundable. All past due amounts shall bear interest from the due date at the lesser of (i) one and one-half percent (1.5%) per month, or (ii) the maximum rate allowed by law.