Common use of FEES, TAXES AND PAYMENT Clause in Contracts

FEES, TAXES AND PAYMENT. 9.1 Customer shall pay in full all fees payable under this Agreement, including all fees under any Order Schedule. Fees are exclusive of all applicable sales, use, value added, and other taxes (and all applicable tariffs, customs duties and similar charges), and Customer will be responsible for payment of all such taxes (other than taxes based on MSC’s net income), tariffs, duties and charges (and any related penalties and interest), payable in connection with this Agreement or the provision of Software and Maintenance hereunder. If Customer is claiming tax exemption status, Customer must provide a copy of a valid tax exemption certificate. 9.2 All fees will be due and payable in Pounds Sterling within thirty (30) days from the invoice date. Any amount not paid when due will bear interest accruing daily from the due date to the actual date of payment at the rate of [4]% per annum above [the base rate of [Barclays Bank PLC] for the time being in force][LIBOR] or the maximum rate of interest allowed by applicable law, whichever is less. [For the purposes of this Section 9.2, LIBOR means for any amount, the British Banker's Association Interbank Offered Rate, released on the relevant day and displayed on the appropriate page of the Reuters screen for the offering of deposits in Pounds Sterling for a period of three months.] In addition, Customer will reimburse MSC for any reasonable legal fees and other costs and expenses incurred in collecting past due amounts. Customer’s payment obligations under this Agreement and any Order Schedule are non-cancellable and the sums paid nonrefundable, except as expressly stated otherwise in this Agreement.

FEES, TAXES AND PAYMENT. 9.1 Customer shall pay in full all fees payable under this Agreement, including all fees under any Order Schedule. Fees are exclusive of all applicable sales, use, value added, and other taxes (and all applicable tariffs, customs duties and similar charges), and Customer will be responsible for payment of all such taxes (other than taxes based on MSC’s net income), tariffs, duties and charges (and any related penalties and interest), payable in connection with this Agreement or the provision of Software and Maintenance hereunder. If Customer is claiming tax exemption status, Customer must provide a copy of a valid tax exemption certificate. 9.2 All fees will be due and payable in Pounds Sterling within thirty (30) days from the invoice date. Any amount not paid when due will bear interest accruing daily from the due date to the actual date of payment at the rate of [4]% per annum above [the base rate of [Barclays Bank PLC] for the time being in force][LIBOR] or the maximum rate of interest allowed by applicable law, whichever is less. [For the purposes of this Section 9.2, LIBOR means for any amount, the British Banker's Association Interbank Offered Rate, released on the relevant day and displayed on the appropriate page of the Reuters screen for the offering of deposits in Pounds Sterling for a period of three months.] In addition, Customer will reimburse MSC for any reasonable legal fees and other costs and expenses incurred in collecting past due amounts. Customer’s payment obligations under this Agreement and any Order Schedule are non-cancellable and the sums paid nonrefundable, except as expressly stated otherwise in this Agreement. 9.3 Customer may perform a set-off only with counterclaims that are uncontested or have been decided res judicata or assert a right of retention based on such claims.

FEES, TAXES AND PAYMENT. 9.1 Customer shall pay in full all fees payable under this Agreement, including all fees under any Order Schedule. Fees are exclusive of all applicable sales, use, value added, and other taxes (and all applicable tariffs, customs duties and similar charges), and Customer will be responsible for payment of all such taxes (other than taxes based on MSC’s net income), tariffs, duties and charges (and any related penalties and interest), payable in connection with this Agreement or the provision of Software and Maintenance Software, Documentation, or Support hereunder. If Customer is claiming tax exemption status, Customer must provide a copy of a valid tax exemption certificate. 9.2 All fees will be due and payable in Pounds Sterling within thirty (30) days from the invoice date. Any amount not paid when due will bear interest accruing daily from the due date to the actual date of payment at the rate of [4]% per annum above [the base rate of [Barclays Bank PLC] for the time being in force][LIBOR] or the maximum rate of interest allowed by applicable law, whichever is less. [For the purposes of this Section 9.2, LIBOR means for any amount, the British Banker's Association Interbank Offered Rate, released on the relevant day and displayed on the appropriate page of the Reuters screen for the offering of deposits in Pounds Sterling for a period of three months.] In addition, Customer will reimburse MSC for any reasonable legal fees and other costs and expenses incurred in collecting past due amounts. Customer’s payment obligations under this Agreement and any Order Schedule are non-non- cancellable and the sums paid nonrefundablenon-refundable, except as expressly stated otherwise in this Agreement. 9.3 Customer may perform a set-off only with counterclaims that are uncontested or have been decided res judicata or assert a right of retention based on such claims.