Common use of Invoicing and Payment Term Clause in Contracts

Invoicing and Payment Term. In case Mastercard contributes in cash, Merchant will raise an invoice to Mastercard as notification for the sums payable and no sum shall be considered to be due before Mastercard receives such invoice issued in accordance with this Clause 7. All invoices submitted to Mastercard for payment must (a) sufficiently detail the services or goods delivered under the Agreement as agreed by the Parties, (b) be accompanied by all necessary evidence to support the invoicing, (c) must reflect the true nature and purpose of the services as agreed between the Parties under this Agreement. If in Mastercard’s judgment, an invoice or evidence received does not provide sufficient detail to demonstrate services/good received under the Agreement, Mastercard reserves the right to request additional documentation to demonstrate the above, and will not to pay for invoices unless and until such additional documentation is received to Mastercard’s satisfaction. Any delay in payment of the invoices in such a case will not give the Merchant the right to claim any late penalties or fees associated with the delay. Mastercard will pay the invoice within forty-five (45) days calculated as from the date on which Mastercard received the invoice. In order for Mastercard to process the invoices/credit notes in a correct and timely manner, Merchant will indicate the following elements on the invoice/credit note: • Merchant’s name and registered address • Merchant’s VAT number (if appropriate) • Invoice/credit note date and number • Agreement reference number: (see footer of the first page of the Agreement) • PO Number (if applicable – to be communicated by Mastercard) • Mastercard’s name and address (Mastercard Europe SA, Accounts Payable, Xxxxxxxx xx Xxxxxxxx, 000X, 0000 Xxxxxxxx, Xxxxxxx) • Mastercard’s VAT number (BE 0448 038 446) • Mastercard’s bank account details: • Merchant’s details for the payment (complete IBAN code, complete SWIFT message & bank name of the account beneficiary); • In case of a credit note, the invoice(s) to which it relates

Invoicing and Payment Term. In case Mastercard contributes in cash, Merchant will raise an invoice to Mastercard as notification for the sums payable and no sum shall be considered to be due before Mastercard receives such invoice issued in accordance with this Clause 7. All invoices submitted to Mastercard for payment must (a) sufficiently detail the services or goods delivered under the Agreement as agreed by the Parties, (b) be accompanied by all necessary evidence to support the invoicing, (c) must reflect the true nature and purpose of the services as agreed between the Parties under this Agreement. If in Mastercard’s judgment, an invoice or evidence received does not provide sufficient detail to demonstrate services/good received under the Agreement, Mastercard reserves the right to request additional documentation to demonstrate the above, and will not to pay for invoices unless and until such additional documentation is received to Mastercard’s satisfaction. Any delay in payment of the invoices in such a case will not give the Merchant the right to claim any late penalties or fees associated with the delay. Mastercard will pay the invoice within forty-five (45) days calculated as from the date on which Mastercard received the invoice. In order for Mastercard to process the invoices/credit notes in a correct and timely manner, Merchant will indicate the following elements on the invoice/credit note: •  Merchant’s name and registered address •  Merchant’s VAT number (if appropriate) •  Invoice/credit note date and number •  Agreement reference number: (see footer of the first page of the Agreement) •  PO Number (if applicable – to be communicated by Mastercard) •  Mastercard’s name and address (Mastercard Europe SA, Accounts Payable, Xxxxxxxx xx Xxxxxxxx, 000X, 0000 Xxxxxxxx, Xxxxxxx) •  Mastercard’s VAT number (BE 0448 038 446) •  Mastercard’s bank account details: • IBAN XX00 0000 0000 0000 Swift XXXXXXXX  Merchant’s details for the payment (complete IBAN code, complete SWIFT message & bank name of the account beneficiary); •  In case of a credit note, the invoice(s) to which it relates

Invoicing and Payment Term. In case Mastercard MasterCard contributes in cash, Merchant will raise an invoice to Mastercard MasterCard as notification for the sums payable and no sum shall be considered to be due before Mastercard MasterCard receives such invoice issued in accordance with this Clause 7. All invoices submitted to Mastercard MasterCard for payment must (a) sufficiently detail the services or goods delivered under the Agreement as agreed by the Parties, (b) be accompanied by all necessary evidence to support the invoicing, (c) must reflect the true nature and purpose of the services as agreed between the Parties under this Agreement. If in MastercardMasterCard’s judgment, an invoice or evidence received does not provide sufficient detail to demonstrate services/good received under the Agreement, Mastercard MasterCard reserves the right to request additional documentation to demonstrate the above, and will not to pay for invoices unless and until such additional documentation is received to MastercardMasterCard’s satisfaction. Any delay in payment of the invoices in such a case will not give the Merchant the right to claim any late penalties or fees associated with the delay. Mastercard MasterCard will pay the invoice within forty-five (45) days calculated as from the date on which Mastercard MasterCard received the invoice. In order for Mastercard MasterCard to process the invoices/credit notes in a correct and timely manner, Merchant will indicate the following elements on the invoice/credit note: •  Merchant’s name and registered address •  Merchant’s VAT number (if appropriate) •  Invoice/credit note date and number •  Agreement reference number: (see footer of the first page of the Agreement) •  PO Number (if applicable – to be communicated by MastercardMasterCard) • Mastercard MasterCard’s name and address (Mastercard MasterCard Europe SACzech Republic branch office, Accounts Payable, Xxxxxxxx xx Palladium, Xx Xxxxxx 0000, 000 00 Xxxxxx 0, Xxxxx Xxxxxxxx, 000X, 0000 Xxxxxxxx, Xxxxxxx) • Mastercard MasterCard’s VAT number (BE 0448 038 446CZ69345724) • Mastercard MasterCard’s bank account details: • MerchantIBAN XX00 0000 0000 0000 Swift XXXXXXXX  Customer’s details for the payment (complete IBAN code, complete SWIFT message & bank name of the account beneficiary); •  In case of a credit note, the invoice(s) to which it relates

Invoicing and Payment Term. In case Mastercard contributes in cash, Merchant will raise an invoice to Mastercard as notification for the sums payable and no sum shall be considered to be due before Mastercard receives such invoice issued in accordance with this Clause 7. All invoices submitted to Mastercard for payment must (a) sufficiently detail the services or goods delivered under the Agreement as agreed by the Parties, (b) be accompanied by all necessary evidence to support the invoicing, (c) must reflect the true nature and purpose of the services as agreed between the Parties under this Agreement. If in Mastercard’s judgment, an invoice or evidence received does not provide sufficient detail to demonstrate services/good received under the Agreement, Mastercard reserves the right to request additional documentation to demonstrate the above, and will not to pay for invoices unless and until such additional documentation is received to Mastercard’s satisfaction. Any delay in payment of the invoices in such a case will not give the Merchant the right to claim any late penalties or fees associated with the delay. Mastercard will pay the invoice within forty-five (45) days calculated as from the date on which Mastercard received the invoice. In order for Mastercard to process the invoices/credit notes in a correct and timely manner, Merchant will indicate the following elements on the invoice/credit note: •  Merchant’s name and registered address •  Merchant’s VAT number (if appropriate) •  Invoice/credit note date and number •  Agreement reference number: (see footer of the first page of the Agreement) •  PO Number (if applicable – to be communicated by Mastercard) •  Mastercard’s name and address (Mastercard Europe SA, Accounts Payable, Xxxxxxxx xx Xxxxxxxx, 000X, 0000 Xxxxxxxx, Xxxxxxx) •  Mastercard’s VAT number (BE 0448 038 446) •  Mastercard’s bank account details: •  Merchant’s details for the payment (complete IBAN code, complete SWIFT message & bank name of the account beneficiary); •  In case of a credit note, the invoice(s) to which it relates

Invoicing and Payment Term. In case Mastercard contributes in cash, Merchant will raise an invoice to Mastercard as notification for the sums payable and no sum shall be considered to be due before Mastercard receives such invoice issued in accordance with this Clause 7. All invoices submitted to Mastercard for payment must (a) sufficiently detail the services or goods delivered under the Agreement as agreed by the Parties, (b) be accompanied by all necessary evidence to support the invoicing, (c) must reflect the true nature and purpose of the services as agreed between the Parties under this Agreement. If in Mastercard’s judgment, an invoice or evidence received does not provide sufficient detail to demonstrate services/good received under the Agreement, Mastercard reserves the right to request additional documentation to demonstrate the above, and will not to pay for invoices unless and until such additional documentation is received to Mastercard’s satisfaction. Any delay in payment of the invoices in such a case will not give the Merchant the right to claim any late penalties or fees associated with the delay. Mastercard will pay the invoice within forty-five (45) days calculated as from the date on which Mastercard received the invoice. In order for Mastercard to process the invoices/credit notes in a correct and timely manner, Merchant will indicate the following elements on the invoice/credit note: • ● Merchant’s name and registered address • ● Merchant’s VAT number (if appropriate) • ● Invoice/credit note date and number • ● Agreement reference number: (see footer of the first page of the Agreement) • ● is required to be disclosed by applicable law, regulation or court order in which event the receiving Party shall promptly notify the disclosing Party of the requirement for such disclosure and co-operate through all reasonable and legal means, at the disclosing Party’s expense, in any attempts by the disclosing Party to prevent or otherwise restrict disclosure of such Confidential Information. ● PO Number (if applicable – to be communicated by The Parties acknowledge that, in the event of a breach of this clause 10, Mastercard) • ● Mastercard’s name and address (Mastercard Europe SA, Accounts Payable, Xxxxxxxx xx Xxxxxxxx, 000X, 0000 Xxxxxxxx, Xxxxxxx) • ● Mastercard’s VAT number (BE 0448 038 446) • ● Mastercard’s bank account details: • IBAN XX00 0000 0000 0000 Swift XXXXXXXX ● Merchant’s details for the payment (complete IBAN code, complete SWIFT message & bank name of the account beneficiary); • ● In case of a credit note, the invoice(s) to which it relatesrelates any non-breaching Party will likely suffer irreparable damage that cannot be fully remedied by monetary damages. Therefore, in addition to any remedy which a non-breaching Party may possess pursuant to applicable law, such non- breaching Party retains the right to seek and obtain injunctive relief against any such breach in any court of competent jurisdiction. In the event any such breach results in a claim by any third party, the breaching Party shall indemnify, defend and hold harmless the non-breaching Parties from any claims, damages, interest, attorney’s fees, penalties, costs and expenses arising out of such third-party claim(s).

Invoicing and Payment Term. In case Mastercard contributes in cash, Merchant will raise an invoice to Mastercard as notification for the sums payable and no sum shall be considered to be due before Mastercard receives such invoice issued in accordance with this Clause 7. All invoices submitted to Mastercard for payment must (a) sufficiently detail the services or goods delivered under the Agreement as agreed by the Parties, (b) be accompanied by all necessary evidence to support the invoicing, (c) must reflect the true nature and purpose of the services as agreed between the Parties under this Agreement. If in Mastercard’s judgment, an invoice or evidence received does not provide sufficient detail to demonstrate services/good received under the Agreement, Mastercard reserves the right to request additional documentation to demonstrate the above, and will not to pay for invoices unless and until such additional documentation is received to Mastercard’s satisfaction. Any delay in payment of the invoices in such a case will not give the Merchant the right to claim any late penalties or fees associated with the delay. Mastercard will pay the invoice within forty-five (45) days calculated as from the date on which Mastercard received the invoice. In order for Mastercard to process the invoices/credit notes in a correct and timely manner, Merchant will indicate the following elements on the invoice/credit note: • Merchant’s name and registered address • Merchant’s VAT number (if appropriate) • Invoice/credit note date and number • Agreement reference number: (see footer of the first page of the Agreement) • PO Number (if applicable – to be communicated by Mastercard) • Mastercard’s name and address (Mastercard Europe SA, Accounts Payable, Xxxxxxxx xx Xxxxxxxx, 000X, 0000 Xxxxxxxx, Xxxxxxx) • Mastercard’s VAT number (BE 0448 038 446) • Mastercard’s bank account details: IBAN XX00 0000 0000 0000 Swift XXXXXXXX • Merchant’s details for the payment (complete IBAN code, complete SWIFT message & bank name of the account beneficiary); • In case of a credit note, the invoice(s) to which it relates