Common use of License Fees and Payment Clause in Contracts

License Fees and Payment. Licensee shall pay to MyECheck the license fees for the Software set forth in Exhibit A (the "License Fees"). All fees hereunder exclude all applicable sales, use, value-added, property and other taxes, including duties and similar mandatory payments, and Licensee will be responsible for payment of all such taxes (other than taxes based on MyECheck's net income), and any related penalties and interest, arising from the payment of such fees, the delivery or license of the Software, or the provision of any services to Licensee. All amounts under this Agreement are in U.S. dollars and payment must be made in such. Licensee will make all payments of amounts due under this Agreement to MyECheck free and clear of, and without reduction for, any withholding taxes. If Licensee is legally required to make any such withholding from any payment due to MyECheck under this Agreement, the sum payable by Licensee upon which such withholding is based shall be increased to the extent necessary to ensure that, after such withholding, MyECheck receives an amount equal to the amount MyECheck would have received in the absence of such withholding. Licensee will provide MyECheck with official receipts issued by the appropriate taxing authority, or such other evidence as MyECheck may reasonably request, to establish that such taxes have been paid. MyECheck reserves the right to charge interest on any overdue amounts at a rate of one and one-half percent (1.5%) per month or the maximum rate permitted by applicable law, whichever is less, from the due date until paid plus reasonable costs incurred in collection (including reasonable attorneys' fees).

License Fees and Payment. Licensee GREENPAY shall pay to MyECheck the license fees for the Software set forth in Exhibit A (the "License Fees"). All fees hereunder exclude all applicable sales, use, value-added, property and other taxes, including duties and similar mandatory payments, and Licensee GREENPAY will be responsible for payment of all such taxes (other than taxes based on MyECheck's net income), and any related penalties and interest, arising from the payment of such fees, the delivery or license of the Software, or the provision of any services to LicenseeGREENPAY. All amounts under this Agreement are in U.S. dollars and payment must be made in such. Licensee GREENPAY will make all payments of amounts due under this Agreement to MyECheck free and clear of, and without reduction for, any withholding taxes. If Licensee GREENPAY is legally required to make any such withholding from any payment due to MyECheck under this Agreement, the sum payable by Licensee GREENPAY upon which such withholding is based shall be increased to the extent necessary to ensure that, after such withholding, MyECheck receives an amount equal to the amount MyECheck would have received in the absence of such withholding. Licensee GREENPAY will provide MyECheck with official receipts issued by the appropriate taxing authority, or such other evidence as MyECheck may reasonably request, to establish that such taxes have been paid. MyECheck reserves the right to charge interest on any overdue amounts at a rate of one and one-half percent (1.5%) per month or the maximum rate permitted by applicable law, whichever is less, from the due date until paid plus reasonable costs incurred in collection (including reasonable attorneys' fees).