Fees Taxes Payments Clause Samples
The FEES, TAXES & PAYMENTS clause defines the parties' obligations regarding the payment of fees, applicable taxes, and the timing and method of payments under the agreement. It typically specifies which party is responsible for paying service fees, how and when invoices should be paid, and clarifies whether taxes such as VAT or sales tax are included or must be added. This clause ensures that both parties understand their financial responsibilities, reducing the risk of disputes over payments and tax liabilities.
Fees Taxes Payments. Unless other payment terms are agreed or stated on the applicable Order, upon shipment you will invoice us the amounts indicated on the applicable Order and all such invoices shall be payable by us in U.S. dollars within forty-five (45) days of our receipt of invoice. You will use reasonable efforts to identify and invoice us as a separate line item for applicable sales and value added tax and remit our payment therefor to the appropriate taxing authority. To the extent you fail to invoice us for applicable taxes or timely remit our payment thereof, you agree to indemnify, defend and hold us harmless from any penalties or interest assessed by the taxing authority; provided that we will remain responsible for the principal tax amount.
Fees Taxes Payments. Unless otherwise explicitly set forth in an Order or a Statement of Work, (i) all upfront or setup fees shall be due and payable within thirty (30) days of the Order Effective Date, and (ii) the monthly recurring fees set forth in an Order shall commence on the Start Date. Customer shall pay to Vertafore the applicable fees in accordance with any payment terms and schedules for payment set forth in each applicable Order. If no payment terms are specified, fees and other charges shall be due and payable by Customer within thirty (30) days of the date of Vertafore’s invoice. Amounts not paid when due shall bear interest at a rate of one and one-half percent (1.5%) per month (18% per annum) or the maximum rate permitted by law, whichever is lowest. Customer’s failure to pay any amount within thirty (30) days of the due date may result in the suspension of the Services related to Customer’s failure to pay and Vertafore’s obligation to provide such Services shall cease until such time as Customer becomes current on its payment of the applicable fees (including all past due amounts and applicable late payment charges and interest). In the event of a default in the payment of an invoice, Customer will be responsible for all of Vertafore’s costs of collection, including, but not limited to, court costs, filing fees and attorneys’ fees. Customer shall pay all taxes, however and by whatever authority levied as a result of these Standard Terms (except for taxes on the income of Vertafore). To the extent that Vertafore is required to collect taxes on behalf of a taxing authority, such taxes shall be in addition to the prices set forth in the applicable Order and may be invoiced separately. Except as may be specifically set forth in an Order, Vertafore may increase any recurring monthly fees, including but not limited to monthly Subscription fees and Maintenance fees, once annually and upon sixty (60) days’ notice to Customer.
Fees Taxes Payments. Customer shall pay to Vertafore the applicable fees in accordance with any payment terms and schedules for payment set forth in each applicable Order. If no payment terms are specified, fees and other charges shall be due and payable by the Customer within thirty (30) days of the date of Vertafore’s invoice. Amounts not paid when due shall bear interest at a rate of one and one-half percent (1.5%) per month (18% per annum) or the maximum rate permitted by law, whichever is lowest. Customer’s failure to pay any amount within thirty (30) days of the due date may result in the suspension of the Services related to Customer’s failure to pay and Vertafore’s obligation to provide such Services shall cease until such time as Customer becomes current on its payment of the applicable fees (including all past due amounts and applicable late payment charges and interest). Customer shall pay all taxes, however and by whatever authority levied as a result of these Master Terms (except for taxes on the income of Vertafore). To the extent that Vertafore is required to collect taxes on behalf of a taxing authority, such taxes shall be in addition to the prices set forth in the applicable Order and may be invoiced separately.
Fees Taxes Payments. No fees shall be payable for use of the Licensed Areas. Licensee shall pay all property taxes, if any, levied on the Licensed Improvements. Any amounts payable to Licensor under this License Agreement not paid within 30 days after notice that such amounts are due shall bear interest from the date payment is due at the rate of eighteen percent (18%) per annum. Licensor shall have all the rights and remedies provided herein and by law for Licensee's failure to pay any of amounts due Licensor.
Fees Taxes Payments. The fees, royalties and commissions for all Licenses and Services and, if any, the fees for Equipment and Third Party Software together with the schedules for payment of all of them, are set forth in each applicable Order. In addition to such fees, Customer shall pay all taxes, however and by whatever authority levied as a result of this Agreement (except for taxes on the income of IMT) as well as all reasonably documented expenses actually incurred in the course of IMT's performance hereunder.
Fees Taxes Payments