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Financial and Payment Conditions Sample Clauses

Financial and Payment Conditions. 12.1. As remuneration for the Licensed Data usage covered by this Agreement, and after submission of the corresponding invoices issued by BMEMD payable by the company/companies appointed for that purpose by the Contracting Party under the Particular Conditions Section of this Agreement (the invoiced company), the Contracting Party shall be responsible for settling the amounts resulting from the application of the fees stated in Annex 4 hereto. The Contracting Party shall be responsible for settling BMEMD the invoices issued in accordance with the provisions of the previous paragraph hereto within thirty (30) days from BMEMD’s invoice submission. The Contracting Party shall be responsible and accepts liability for any current or future taxes, fees or levies that may be applicable in the execution of the services constituting the purpose of this Agreement. 12.2. The current fees, and their respective terms and conditions, for this financial year are set forth in Annex 4 of this Agreement. At the start of every calendar year, or following a ninety (90) days’ notice, BMEMD shall be entitled to review the above-mentioned fees and terms in accordance with the requirements and disclosure conditions under this Agreement. Any consecutive amendments to the fees applicable to this Agreement shall replace the fees in force as of that date, and be automatically included in this Agreement as a new Annex 4 that shall replace the previous one. The Contracting Party shall be entitled to terminate this Agreement should it object to any eventual review of the fees under Annex 4 of this Agreement. A prior notice to BMEMD in accordance with the provisions governing the termination of this Agreement shall be required for such purpose.
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Financial and Payment Conditions. 7.1 The annual maintenance fee is charged in advance and semi-annually, in Euros from the date of entry into force of the Agreement. The fee is payable, unless otherwise agreed, within thirty (30) days from the date of issue of the corresponding invoice. This amount is irreducible and fixed. The non-use of maintenance services, Major or Corrective System Versions or the end of the use of the System can in no case give rise to total or partial reimbursement of the fees paid or due. 7.2 The annual maintenance fee will be indexed on each anniversary date of the Agreement based on the consumer price index. The amount of this fee as well as its method of annual review appear Appendix 3 of this Agreement. 7.3 Any dispute by the Customer to all or part of the invoices issued by the Supplier must be reasoned in writing and addressed to the Supplier within 30 business days from the date of receipt of the Invoice. 7.4 The dispute of part of an invoice does not exempt the Customer from payment of the balance thereof. In the event of a partial dispute of an invoice, the Customer may ask the Supplier, within the aforementioned period of thirty (30) days, to send him a credit note and an invoice for the undisputed part before payment. 7.5 Without prejudice to the right to terminate the Agreement under Article 6 of this Agreement, any failure to pay invoices, even partial, or any other amount by the Customer, in the execution of this Agreement, within contractual deadlines, will, without the necessary prior notice, result late payment interest, as well as a lump sum payment up to a full payment, the terms of which are described in Appendix 1 - Payments made by the Customer will be charged as follows: (i) first on the lump sum and other costs, then (ii) on interest, and finally (iii) on the royalty. 7.6 When the Customer does not comply with his contractual obligations, the Agreement has the right to suspend the performance of the Agreement on his own initiative, without prejudice to his right to recover all the fees due until the end of the Agreement.
Sample 1
Financial and Payment Conditions. 5.1. In consideration for the use of Licensed Information, and subject to the submission of the corresponding invoices issued by BMEMD, the Subscriber hereby undertakes to settle the amounts resulting from the corresponding application of the fees contained in the Annex of Fees enclosed to this Agreement. The current fees for the present year and their respective terms are as set forth in Annex II to this Agreement. At the beginning of every calendar year, or with a ninety (90) day notice, BMEMD may review the said fees, in accordance with the publicity and requirements contained in this Agreement. Any future modifications of the fees applicable in this Agreement shall replace the fees that were in force and be automatically included in this Agreement as a new Fee Annex, replacing the previous one. The Subscriber shall be entitled to terminate this Agreement should it object to any future price review, after first having given notice to BMEMD in accordance with the provisions governing the rescission of the Agreement. 5.2. BMEMD will issue quarterly invoices, except for those cases where the Subscriber opts for an annual invoice. When the registration for the Service takes place during the first fifteen days of the month in which the service is starting to be provided, the consideration shall be accrued from the 1st day of that month. When registering within the last fifteen days of the month in which the service is starting to be provided, the consideration shall be accrued from 15th day of that month. The Subscriber shall pay the referred invoices within 30 days following the receipt of the invoice. 5.3. BMEMD shall invoice for interests for delayed payment corresponding to the days of delay in the payment of the invoices, at a delay interest equivalent to a monthly 1.5% of the debt amounts. BMEMED shall also have the right to claim any other damages suffered. 5.4. Any present or future taxes, levies, or fees that may arise from the services subject to this Agreement shall, under all circumstances, be paid by the Subscriber. The prices appearing in the annexes to the present Agreement do not include VAT.
Sample 1
Financial and Payment Conditions. 5.1 The lead provider will pay the delivery partner in advance on a quarterly basis. 5.2 Payment will be made on receipt of the actual income and expenditure for the previous quarter (with the exception of the first quarter) and a template will be sent to you for completion. 5.3 In the case of a variance to the planned expenditure of 10% under or over the projected budget, a written explanation will be required. 5.4 All payments are subject to the delivery partner delivering the agreed activities outcomes and outputs as outlined in Schedule 1. 5.5 The lead delivery partner is to invoice Xxxxxxx CVS on or before the first working day of the start of each quarter. Invoices and monitoring returns are to be emailed to the Performance and Programme Manager within the Connect Xxxxxxx. 5.6 Xxxxxxx CVS aims to make payments by the end of the first month of the new quarter, based on the satisfactory receipt of monitoring information and expenditure. It is the delivery partners responsibility to ensure that accurate monitoring returns and invoices are sent on time, in order to avoid delays. 5.7 HCVS is required to submit performance and financial reports to the Connect Xxxxxxx Strategic Partnership Board and Big Lottery Fund on a quarterly basis, including project forecasts and expenditure for each project funded by the programme . 5.8 HCVS is not liable for releasing any payments for the delivery of services outlined within this SLA, until grant payments from the Big Lottery Fund have been received.
Sample 1
Financial and Payment Conditions. 13.1 Ticket prices and any discount schemes for allocation shows will be fixed by agreement between the theatre and the performer. The theatre will fix ticket prices and any discount schemes for buy-out shows. The performer will fix ticket prices and any discount schemes for hire shows. 13.2 In all cases, ticket prices and any discount schemes will be recorded in writing before a start is made on production of the seasonal brochures. The theatre must contact the performer in this regard in good time and is responsible for ensuring that the correct ticket prices and any discount schemes are shown in the seasonal brochures. The theatre bears the risk and expense of inaccurate reports. For hire shows, the performer has the right, after consulting the theatre, to grant additional discounts after the seasonal brochures appear. For buy-out shows, the theatre has the right, after consulting the performer, to grant additional discounts after the seasonal brochures appear. 13.3 If the parties contract an allocation agreement, they shall settle their accounts with each other on the basis of a prearranged distribution of the net receipts. 13.4 In the case of an allocation agreement with a guarantee, the theatre is required to pay the performer the agreed share of the net receipts, within the meaning of Article 13.3, plus an additional amount, up to the agreed guaranteed sum. The aforementioned additional amount is not due if the share of the net receipts referred to in Article 13.3 exceeds the agreed guaranteed sum. In that case, the allocation agreement applies in other respects. 13.5 In the case of an allocation agreement with a guaranteed additional amount, the theatre is required to pay the performer the agreed share of the net receipts referred to in Article 13.3, plus the additional amount, to a maximum of the agreed buy-out sum. The additional amount for this is not due if the share of the net receipts, as referred to in Article 13.3, exceeds the agreed buy-out sum. In that case, the allocation agreement applies in other respects. 13.6 The theatre undertakes to provide the performer with a statement, within five working days of the performance, showing the gross receipts and the number of seats sold, broken down by the various ticket prices used. For each working day that the statement is delivered late, the theatre owes the performer a penalty of €250 (two hundred and fifty euros), up to a maximum of €1,000. 13.7 On the basis of the statement, the performer w...
Sample 1

Related to Financial and Payment Conditions

  • Payment Conditions The price of the whole accommodation service booked is always payable by the Guest in advance, at the latest upon arrival in the hotel. Set-off by the Guest is excluded unless the set- off relates to an undisputed or legally confirmed claim. Valid means of payment are cash in Euros, EC card, Master Card, Visa Card, Diners Card and American Express. For payment settlement we use the 3D Secure 2.0 system for secure and additional customer authorisation. For further information on data processing for payment transactions see xxxxx://xxx.xxxxx-xxx.xxx/en/data-privacy/.

  • Performance and Payment Bond Contractor shall post with County, not later than ten (10) days of the execution of this Agreement, a performance and payment bond in the amount of one hundred percent (100%) of the total lump sum price in such form as is satisfactory to County. The bond shall be executed by a corporate surety company duly authorized and admitted to do business in the State of Texas and licensed to issue such a bond in the State of Texas.

  • Performance and Payment Bonds The authority and responsibility for requesting performance and payment bonds shall rest with the Customer. Under this Contract, the Customer issuing the purchase order may request a performance and payment bond, as deemed necessary by the size of the job. Inability to provide a bond may result in the Contractor being found in default of the purchase order.

  • Prices and Payments 1. The price listed by the Contractor or otherwise the price commonly charged by the Contractor for the respective service is decisive, plus statutory value-added tax insofar as such is applicable. In case of transnational services, any possibly applicable taxes, fees, customs fees, and other charges (of any kind) incurred for the transnational service shall be borne by the Principal. 2. If, within the scope of contracts for the performance of a continuing obligation and long-term contracts, the Contractor's prime costs increase and such increase is not within the Contractor's own scope of responsibility, the Contractor is authorized to an appropriate price increase commensurate with the increase of its prime costs; if the Principal does not consent to such price increase it is authorized to terminate the Agreement within four weeks after receipt of such notification of a price increase; otherwise, the increase is deemed to be mutually agreed upon. A right to a price increase pursuant to this provision does not exist if the Principal is a Consumer. 3. The Principal shall pay the remuneration owed without any cash discounts, free of charge to the Contractor, and within two weeks after receipt of the invoice, to the bank account stated by the Contractor. Credit entry at the Contractor's account is decisive for the timeliness of the payment. The Contractor reserves the right to request appropriate installment payments and appropriate advance payments. 4. If the Agreement is based on a cost estimate, and if it turns out that the costs will be significantly higher than the amount estimated vis-a-vis the Principal, then the Contractor will inform the Principal of such in text form. In this case the Principal is authorized to terminate the Agreement in writing, within two weeks after receipt of such notification. In the event of a termination, the Contractor is authorized to request partial remuneration commensurate with the services already provided. Furthermore, the Contractor is authorized to request compensation for any expenses not included in the remuneration but incurred due to the provision of services. 5. If the Principal owes interest and expenses in addition to a possibly existing principal claim, any payment by the Principal that does not fully redeem the total sum will first be credited against expenses, secondly against interest, and lastly against the principal claim. 6. The Principal is entitled to offset and retention rights only if its counterclaims are legally ascertained, undisputed, or acknowledged in writing by the Contractor. This limitation does not apply to the Principal's claims for defects arising from the same contractual relation as the Contractor's payment claim. If the contract partner is a Consumer, then in contrast to clause 1, such contract partner is on principle entitled to unlimited retention rights for claims arising from the same contractual relation. 7. If, after conclusion of the Agreement, it becomes clear that the Contractor's claims vis-a-vis the Principal are at risk due to the Principal's lack of ability to perform, the Contractor is authorized to perform outstanding services only against advance payment or provision of a security as well as settlement of possibly still outstanding receivables for partial services already provided and arising from the Agreement, and - after unsuccessful expiration of a grace period - is authorized to withdraw from the Agreement; No. 4 clause 3 of this provision applies accordingly. 8. In case of payment default, the Principal owes default interest in the amount of 9 percentage points above the base interest rate if the Principal is an Entrepreneur; in the amount of 5 percentage points above the base interest rate if the Principal is a Consumer. The Contractor is entitled to assert further claims if it can prove higher damage to the Principal. The Contractor is furthermore entitled to charge a flat rate of € 40.00 if the Principal is an Entrepreneur. This shall also apply if the payment default relates to any kind of an installment. In case the Contractor may claim further compensation for damage, the flat rate has to be credited against such claims, . If the Principal is a Consumer the Contractor is entitled to charge a flat rate of € 5.00 per reminder. The Principal is entitled to provide evidence that the Contractor did not incur any damage or incurred significantly lower damage.

  • Services and Payment Consultant agrees to undertake and complete the Services (as defined in Exhibit A) in accordance with and on the schedule specified in Exhibit A. As the only consideration due Consultant regarding the subject matter of this Agreement, Company will pay Consultant in accordance with Exhibit A.

  • Calculation and Payment of Interest (a) Interest on the outstanding principal amount from time to time of each Prime Rate Loan and Base Rate Canada Loan shall accrue from day to day from and including the date on which credit is obtained by way of such Loan to but excluding the date on which such Loan is repaid in full (both before and after maturity and as well after as before judgment) and shall be calculated on the basis of the actual number of days elapsed divided by 365 or 366, as the case may be. (b) Interest on the outstanding principal amount from time to time of each LIBOR Loan shall accrue from day to day from and including the date on which credit is obtained by way of such Loan to but excluding the date on which such Loan is repaid in full (both before and after maturity and as well after as before judgment) and shall be calculated on the basis of the actual number of days elapsed divided by 360. (c) Accrued interest shall be paid, (i) in the case of interest on Prime Rate Loans and Base Rate Canada Loans, in arrears monthly on the 22nd day of each calendar month; and (ii) in the case of interest on LIBOR Loans, on the last day of the applicable Interest Period; provided that, in the case of Interest Periods of a duration longer than three months, accrued interest shall be paid no less frequently than every three months from the first day of such Interest Period during the term of such Interest Period and on the date on which such LIBOR Loans are otherwise required to be repaid.

  • Prices and Payment 2.1 The price for the Goods will be the price as referred to in the Order Confirmation (“Price”) and, unless otherwise agreed in writing, is exclusive of: 2.1.1 Any costs of insurance, carriage and delivery of the Goods; 2.1.2 Taxes (including VAT), import duties or levies (as applicable).

  • Calculation and Payment Interest on LIBOR Loans and all other Obligations and the amount of any fees set forth in Subsection 1.4 shall be calculated on the basis of a three hundred sixty (360) day year for the actual number of days elapsed. Interest on the Base Rate Loans shall be calculated on the basis of a three hundred sixty-five or -six (365-6) day year for the actual number of days elapsed. The date of funding or conversion to a Base Rate Loan and the first day of an Interest Period with respect to a LIBOR Loan shall be included in the calculation of interest. The date of payment of any Loan and the last day of an Interest Period with respect to a LIBOR Loan shall be excluded from the calculation of interest; provided, if a Loan is repaid on the same day that it is made, one (1) day’s interest shall be charged. Interest accruing on the Base Rate Loan is payable in arrears on each of the following dates or events: (i) the last day of each calendar quarter; (ii) the prepayment of such Loan (or portion thereof); and (iii) the applicable Maturity Date or the Revolving Loan Expiration Date, as the case may be, whether by acceleration or otherwise. Interest accruing on each LIBOR Loan is payable in arrears on each of the following dates or events: (i) the last day of each applicable Interest Period; (ii) if the Interest Period is longer than three (3) months, on each three-month anniversary of the commencement date of such Interest Period; (iii) the prepayment of such Loan (or portion thereof); and (iv) the applicable Maturity Date or the Revolving Loan Expiration Date, as the case may be, whether by acceleration or otherwise.

  • Orders and Payment You will be invoiced upon execution of and according to the terms of an order. All fees due to us will be payable, in full and in the currency listed on an order, thirty (30) days from the date of the invoice, and will be deemed overdue if they remain unpaid thereafter. All fees are net of any taxes, which will be your responsibility, except for taxes on our income. Any dispute to an invoice must be raised within thirty (30) days from the date of invoice or the invoice will be deemed correct. You agree to negotiate in good faith a prompt resolution of any disputed amounts. If any undisputed invoice governed by this Agreement remains unpaid for 30 or more days after it is due, we may, without limiting our other rights and remedies, accelerate all unpaid fee obligations under all orders so that all amounts payable by you become immediately due and payable. In addition, any amounts which remain unpaid after the due date will be subject to a late charge equal to one and one-half percent (1.5%) per month or the highest rate allowable by law, whichever is lower, from the due date until such amount is paid. Except as otherwise noted, all orders are firm and not subject to cancellation, return, refund or offset by you.

  • Expense Accrual and Payment Services (1) For each valuation date, calculate the expense accrual amounts as directed by the Trust as to methodology, rate or dollar amount. (2) Process and record payments for Fund expenses upon receipt of written authorization from the Trust. (3) Account for Fund expenditures and maintain expense accrual balances at the level of accounting detail, as agreed upon by USBFS and the Trust. (4) Provide expense accrual and payment reporting.

Most Referenced Clauses

Most Referenced Definitions