Common use of Funding Contributions Clause in Contracts

Funding Contributions. 6.01. In order to enable Green Dot Cyprus to fulfil its obligations, the Packaging Responsible shall pay to Green Dot Cyprus annual contributions for financing the System. The contributions apply and shall be paid from the accreditation date of the System, the 1st of August 2006, as explained in Article 7 of this Agreement. 6.02. The annual contributions concern and will be due for the packaging placed on the market in the Territory by the Packaging Responsible during the year. These contributions shall be based on the quantity and type of packaging, as provided by the Packaging Responsible in its yearly Declaration. 6.03. For the purpose of this Agreement, - year n means the current year during which the Agreement is in force; - year n-1 means the year preceding year n; 6.04. The invoicing and payment of the contributions of the Packaging Responsible to Green Dot Cyprus for year n, shall be based on the packaging quantities placed in the market by the Packaging Responsible in the previous year (year n-1) and shall be due within 30 days from the issue date of the invoice, unless: Initials ▪ the invoice amount is beyond €85,001 in which case it is payable in six (6) equal consecutive monthly instalments. In this case, along with the first instalment besides payment of the 1/6 of the clear amount, the total of the VAT should also be paid. Any delays in payment shall hold an interest equal to the running lending interest rate of the Central European Bank plus 1%. 6.05. In derogation to the foregoing paragraph, if no Declaration from the Packaging Responsible is available, because the Packaging Responsible has not put any packaging on the market in the preceding years, the advances shall be calculated on the basis of the packaging volumes that the Packaging Responsible anticipates placing on the market during the current year (year n). 6.06. Payments shall be made by credit transfer or banker’s cheque, or any other means of payment approved by Green Dot Cyprus. All invoices are payable in thirty (30) days from invoice issue, unless the amount due falls in any of the categories described in article 6.04. The Packaging Responsible will not be validly and entirely freed from its obligation to pay an invoice unless Green Dot Cyprus has received the full amount invoiced. Consequently, for example, bank charges associated with payment method chosen by the Packaging Responsible shall be covered by the Packaging Responsible. Any dispute concerning invoices must be submitted by registered mail within thirty calendar days of the invoice date in order to be valid. 6.07. The contributions of the Packaging Responsible are calculated based on the weight of the packaging placed in the Territory multiplied by the charges contained in the System Fee Catalogue in Annex II of the Agreement. In order to carry out its assignment, Green Dot Cyprus shall be able, within the limits permitted by the Law and by duly reasoned resolution of the Board of Directors, to revise the System Fee Catalogue, to revise the payment terms and to fix the date on which such revisions shall come into effect. 6.08. If the Packaging Responsible does not submit its Declaration in due time, it shall be responsible for the delay and shall pay agreed compensation with an amount equivalent to 1% of the annual contribution per month of delay, with a minimum of fifty (€50) Euro per month and a maximum of three thousand five hundred Euro (€3,500) per month. In the event that Green Dot Cyprus after a period of six months, calculated in accordance with article 4.01, has not yet received the Declaration, Green Dot Cyprus will be legally entitled to dissolve the Agreement in accordance with article 11. 6.09. In the event that Green Dot Cyprus, by any means available to it under the law and in particular by means of the checks referred to in article 4.05, ascertains that a false statement is contained in the Declaration, the Packaging Responsible shall be obliged to pay to Green Dot Cyprus, on the one hand, the contributions not paid plus interest on the sums due and not paid, calculated at the running legal lending interest rate of the Central Bank of Cyprus plus 5%. In the event of a second breach, Green Dot Cyprus shall automatically be entitled to consider the Agreement terminated. 6.10. The minimum contribution that a Packaging Responsible should pay, is 100.00 euros for the use of Green Dot Xxxx and its System membership management cost.

Funding Contributions. 6.01. In order to enable Green Dot Cyprus to fulfil its obligations, the Packaging Responsible shall pay to Green Dot Cyprus annual contributions for financing the System. The contributions apply and shall be paid from the accreditation date of the System, the 1st of August 2006, as explained in Article 7 of this Agreement. 6.02. The annual contributions concern and will be due for the packaging placed on the market in the Territory by the Packaging Responsible during the year. These contributions shall be based on the quantity and type of packaging, as provided by the Packaging Responsible in its yearly Declaration. 6.03. For the purpose of this Agreement, - year n means the current year during which the Agreement is in force; - year n-1 means the year preceding year n; 6.04. ; The invoicing and payment of the contributions of the Packaging Responsible to Green Dot Cyprus for year n, shall be based on the packaging quantities placed in the market by the Packaging Responsible in the previous year (year n-1) and shall be due within 30 days from the issue date of the invoice, unless: Initials ▪ the invoice amount is between €2,000 and €10,000 in which case it the invoice amount is between €10,001 and €20,000 in which case the invoice amount is between €20,001 and €35,000 in which case the invoice amount is between €35,001 and €85,000 in which case the invoice amount is beyond €85,001 in which case it is payable in six (6) equal consecutive monthly instalments. In this case, along with the first instalment besides payment of the 1/6 of the clear amount, the total of the VAT should also be paid. Any delays in payment shall hold an interest equal to the running lending interest rate of the Central European Bank plus 1%. 6.05. In derogation to the foregoing paragraph, if no Declaration from the Packaging Responsible is available, because the Packaging Responsible has not put any packaging on the market in the preceding years, the advances shall be calculated on the basis of the packaging volumes that the Packaging Responsible anticipates placing on the market during the current year (year n). 6.06. Payments shall be made by credit transfer or banker’s cheque, or any other means of payment approved by Green Dot Cyprus. All invoices are payable in thirty (30) days from invoice issue, unless the amount due falls in any of the categories described in article 6.04. The Packaging Responsible will not be validly and entirely freed from its obligation to pay an invoice unless Green Dot Cyprus has received the full amount invoiced. Consequently, for example, bank charges associated with payment method chosen by the Packaging Responsible shall be covered by the Packaging Responsible. Any dispute concerning invoices must be submitted by registered mail within thirty calendar days of the invoice date in order to be valid. 6.07. The contributions of the Packaging Responsible are calculated based on the weight of the packaging placed in the Territory multiplied by the charges contained in the System Fee Catalogue in Annex II of the Agreement. In order to carry out its assignment, Green Dot Cyprus shall be able, within the limits permitted by the Law and by duly reasoned resolution of the Board of Directors, to revise the System Fee Catalogue, to revise the payment terms and to fix the date on which such revisions shall come into effect. 6.08. If the Packaging Responsible does not submit its Declaration in due time, it shall be responsible for the delay and shall pay agreed compensation with an amount equivalent to 1% of the annual contribution per month of delay, with a minimum of fifty (€50) Euro per month and a maximum of three thousand five hundred Euro (€3,500) per month. In the event that Green Dot Cyprus after a period of six months, calculated in accordance with article 4.01, has not yet received the Declaration, Green Dot Cyprus will be legally entitled to dissolve the Agreement in accordance with article 11. 6.09. In the event that Green Dot Cyprus, by any means available to it under the law and in particular by means of the checks referred to in article 4.05, ascertains that a false statement is contained in the Declaration, the Packaging Responsible shall be obliged to pay to Green Dot Cyprus, on the one hand, the contributions not paid plus interest on the sums due and not paid, calculated at the running legal lending interest rate of the Central Bank of Cyprus plus 5%. In the event of a second breach, Green Dot Cyprus shall automatically be entitled to consider the Agreement terminated. 6.10. The minimum contribution that a Packaging Responsible should pay, is 100.00 euros for the use of Green Dot Xxxx and its System membership management cost.

Funding Contributions. 6.01. In order to enable Green Dot Cyprus to fulfil its obligations, the Packaging Responsible shall pay to Green Dot Cyprus annual contributions for financing the System. The contributions apply and shall be paid from the accreditation date of the System, the 1st of August 2006, as explained in Article 7 of this Agreement. 6.02. The annual contributions concern and will be due for the packaging placed on the market in the Territory by the Packaging Responsible during the year. These contributions shall be based on the quantity and type of packaging, as provided by the Packaging Responsible in its yearly Declaration. 6.03. For the purpose of this Agreement, - year n means the current year during which the Agreement is in force; - year n-1 means the year preceding year n; 6.04. ; The invoicing and payment of the contributions of the Packaging Responsible to Green Dot Cyprus for year n, shall be based on the packaging quantities placed in the market by the Packaging Responsible in the previous year (year n-1) and shall be due within 30 days from the issue date of the invoice, unless: Initials ▪ the invoice amount is between €2,000 and €10,000 in which case it is payable in two (2) equal consecutive monthly instalments the invoice amount is between €10,001 and €20,000 in which case it is payable in three (3) equal consecutive monthly instalments the invoice amount is between €20,001 and €35,000 in which case it is payable in four (4) equal consecutive monthly instalments the invoice amount is between €35,001 and €85,000 in which case it is payable in five (5) equal consecutive monthly instalments the invoice amount is beyond €85,001 in which case it is payable in six (6) equal consecutive monthly instalments. In this case, along with the first instalment besides payment of the 1/6 of the clear amount, the total of the VAT should also be paid. Any delays in payment shall hold an interest equal to the running lending interest rate of the Central European Bank plus 1%. 6.05. In derogation to the foregoing paragraph, if no Declaration from the Packaging Responsible is available, because the Packaging Responsible has not put any packaging on the market in the preceding years, the advances shall be calculated on the basis of the packaging volumes that the Packaging Responsible anticipates placing on the market during the current year (year n). 6.06. Payments shall be made by credit transfer or banker’s cheque, or any other means of payment approved by Green Dot Cyprus. All invoices are payable in thirty (30) days from invoice issue, unless the amount due falls in any of the categories described in article 6.04. The Packaging Responsible will not be validly and entirely freed from its obligation to pay an invoice unless Green Dot Cyprus has received the full amount invoiced. Consequently, for example, bank charges associated with payment method chosen by the Packaging Responsible shall be covered by the Packaging Responsible. Any dispute concerning invoices must be submitted by registered mail within thirty calendar days of the invoice date in order to be valid. 6.07. The contributions of the Packaging Responsible are calculated based on the weight of the packaging placed in the Territory multiplied by the charges contained in the System Fee Catalogue in Annex II of the Agreement. In order to carry out its assignment, Green Dot Cyprus shall be able, within the limits permitted by the Law and by duly reasoned resolution of the Board of Directors, to revise the System Fee Catalogue, to revise the payment terms and to fix the date on which such revisions shall come into effect. 6.08. If the Packaging Responsible does not submit its Declaration in due time, it shall be responsible for the delay and shall pay agreed compensation with an amount equivalent to 1% of the annual contribution per month of delay, with a minimum of fifty (€50) Euro per month and a maximum of three thousand five hundred Euro (€3,500) per month. In the event that Green Dot Cyprus after a period of six months, calculated in accordance with article 4.01, has not yet received the Declaration, Green Dot Cyprus will be legally entitled to dissolve the Agreement in accordance with article 11. 6.09. In the event that Green Dot Cyprus, by any means available to it under the law and in particular by means of the checks referred to in article 4.05, ascertains that a false statement is contained in the Declaration, the Packaging Responsible shall be obliged to pay to Green Dot Cyprus, on the one hand, the contributions not paid plus interest on the sums due and not paid, calculated at the running legal lending interest rate of the Central Bank of Cyprus plus 5%. In the event of a second breach, Green Dot Cyprus shall automatically be entitled to consider the Agreement terminated. 6.10. The minimum contribution that a Packaging Responsible should pay, is 100.00 142.50 euros for the use of Green Dot Xxxx and its System membership management cost.

Funding Contributions. 6.01. In order to enable Green Dot Cyprus to fulfil its obligations, the Packaging Responsible shall pay to Green Dot Cyprus annual contributions for financing the System. The contributions apply and shall be paid from the accreditation date of the System, the 1st of August 2006, as explained in Article 7 of this Agreement. 6.02. The annual contributions concern and will be due for the packaging placed on the market in the Territory by the Packaging Responsible during the year. These contributions shall be based on the quantity and type of packaging, as provided by the Packaging Responsible in its yearly Declaration. 6.03. For the purpose of this Agreement, - year n means the current year during which the Agreement is in force; - year n-1 means the year preceding year n; 6.04. The invoicing and payment of the contributions of the Packaging Responsible to Green Dot Cyprus for year n, shall be based on the packaging quantities placed in the market by the Packaging Responsible in the previous year (year n-1) and shall be due within 30 days from the issue date of the invoice, unless: Initials ▪ the invoice amount is beyond €85,001 in which case it is payable in six (6) equal consecutive monthly instalments. In this case, along with the first instalment besides payment of the 1/6 of the clear amount, the total of the VAT should also be paid. Any delays in payment shall hold an interest equal to the running lending interest rate of the Central European Bank plus 1%. 6.05. In derogation to the foregoing paragraph, if no Declaration from the Packaging Responsible is available, because the Packaging Responsible has not put any packaging on the market in the preceding years, the advances shall be calculated on the basis of the packaging volumes that the Packaging Responsible anticipates placing on the market during the current year (year n). 6.06. Payments shall be made by credit transfer or banker’s cheque, or any other means of payment approved by Green Dot Cyprus. All invoices are payable in thirty (30) days from invoice issue, unless the amount due falls in any of the categories described in article 6.04. The Packaging Responsible will not be validly and entirely freed from its obligation to pay an invoice unless Green Dot Cyprus has received the full amount invoiced. Consequently, for example, bank charges associated with payment method chosen by the Packaging Responsible shall be covered by the Packaging Responsible. Any dispute concerning invoices must be submitted by registered mail within thirty calendar days of the invoice date in order to be valid. 6.07. The contributions of the Packaging Responsible are calculated based on the weight of the packaging placed in the Territory multiplied by the charges contained in the System Fee Catalogue in Annex II of the Agreement. In order to carry out its assignment, Green Dot Cyprus shall be able, within the limits permitted by the Law and by duly reasoned resolution of the Board of Directors, to revise the System Fee Catalogue, to revise the payment terms and to fix the date on which such revisions shall come into effect. 6.08. If the Packaging Responsible does not submit its Declaration in due time, it shall be responsible for the delay and shall pay agreed compensation with an amount equivalent to 1% of the annual contribution per month of delay, with a minimum of fifty (€50) Euro per month and a maximum of three thousand five hundred Euro (€3,500) per month. In the event that Green Dot Cyprus after a period of six months, calculated in accordance with article 4.01, has not yet received the Declaration, Green Dot Cyprus will be legally entitled to dissolve the Agreement in accordance with article 11. 6.09. In the event that Green Dot Cyprus, by any means available to it under the law and in particular by means of the checks referred to in article 4.05, ascertains that a false statement is contained in the Declaration, the Packaging Responsible shall be obliged to pay to Green Dot Cyprus, on the one hand, the contributions not paid plus interest on the sums due and not paid, calculated at the running legal lending interest rate of the Central Bank of Cyprus plus 5%. In the event of a second breach, Green Dot Cyprus shall automatically be entitled to consider the Agreement terminated. 6.10. The minimum contribution that a Packaging Responsible should pay, is 100.00 euros for the use of Green Dot Xxxx Mark and its System membership management cost.

Funding Contributions. 6.01. In order to enable Green Dot Cyprus to fulfil its obligations, the Packaging Responsible shall pay to Green Dot Cyprus annual contributions for financing the System. The contributions apply and shall be paid from the accreditation date of the System, the 1st of August 2006, as explained in Article 7 of this Agreement. 6.02. The annual contributions concern and will be due for the packaging placed on the market in the Territory by the Packaging Responsible during the year. These contributions shall be based on the quantity and type of packaging, as provided by the Packaging Responsible in its yearly Declaration. 6.03. For the purpose of this Agreement, - year n means the current year during which the Agreement is in force; - year n-1 means the year preceding year n; 6.04. The invoicing and payment of the contributions of the Packaging Responsible to Green Dot Cyprus for year n, shall be based on the packaging quantities placed in the market by the Packaging Responsible in the previous year (year n-1) and shall be due within 30 days from the issue date of the invoice, unless: Initials ▪ the invoice amount is between €2,000 and €10,000 in which case it is payable in two (2) equal consecutive monthly instalments ▪ the invoice amount is between €10,001 and €20,000 in which case it is payable in three (3) equal consecutive monthly instalments ▪ the invoice amount is between €20,001 and €35,000 in which case it is payable in four (4) equal consecutive monthly instalments ▪ the invoice amount is between €35,001 and €85,000 in which case it is payable in five (5) equal consecutive monthly instalments ▪ the invoice amount is beyond €85,001 in which case it is payable in six (6) equal consecutive monthly instalments. In this case, along with the first instalment besides payment of the 1/6 of the clear amount, the total of the VAT should also be paid. Initials Any delays in payment shall hold an interest equal to the running lending interest rate of the Central European Bank plus 1%. 6.05. In derogation to the foregoing paragraph, if no Declaration from the Packaging Responsible is available, because the Packaging Responsible has not put any packaging on the market in the preceding years, the advances shall be calculated on the basis of the packaging volumes that the Packaging Responsible anticipates placing on the market during the current year (year n). 6.06. Payments shall be made by credit transfer or banker’s cheque, or any other means of payment approved by Green Dot Cyprus. All invoices are payable in thirty (30) days from invoice issue, unless the amount due falls in any of the categories described in article 6.04. The Packaging Responsible will not be validly and entirely freed from its obligation to pay an invoice unless Green Dot Cyprus has received the full amount invoiced. Consequently, for example, bank charges associated with payment method chosen by the Packaging Responsible shall be covered by the Packaging Responsible. Any dispute concerning invoices must be submitted by registered mail within thirty calendar days of the invoice date in order to be valid. 6.07. The contributions of the Packaging Responsible are calculated based on the weight of the packaging placed in the Territory multiplied by the charges contained in the System Fee Catalogue in Annex II of the Agreement. In order to carry out its assignment, Green Dot Cyprus shall be able, within the limits permitted by the Law and by duly reasoned resolution of the Board of Directors, to revise the System Fee Catalogue, to revise the payment terms and to fix the date on which such revisions shall come into effect. 6.08. If the Packaging Responsible does not submit its Declaration in due time, it shall be responsible for the delay and shall pay agreed compensation with an amount equivalent to 1% of the annual contribution per month of delay, with a minimum of fifty (€50) Euro per month and a maximum of three thousand five hundred Euro (€3,500) per month. In the event that Green Dot Cyprus after a period of six months, calculated in accordance with article 4.01, has not yet received the Declaration, Green Dot Cyprus will be legally entitled to dissolve the Agreement in accordance with article 11. 6.09. In the event that Green Dot Cyprus, by any means available to it under the law and in particular by means of the checks referred to in article 4.05, ascertains that a false statement is contained in the Declaration, the Packaging Responsible shall be obliged to pay to Green Dot Cyprus, on the one hand, the contributions not paid plus interest on the sums due and not paid, calculated at the running legal lending interest rate of the Central Bank of Cyprus plus 5%. In the event of a second breach, Green Dot Cyprus shall automatically be entitled to consider the Agreement terminated. 6.10. The minimum contribution that a Packaging Responsible should pay, is 100.00 142.50 euros for the use of Green Dot Xxxx and its System membership management cost.