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Common use of Monthly Billing Clause in Contracts

Monthly Billing. 5.4.1 Unless otherwise agreed, the Subscription Fees payable by you for the Service(s) shall be the agreed price set out in the agreement and/or our invoice. 5.4.2 Monthly Fees are invoiced in arrears on or near the last day of the month and all invoices must be paid in full within thirty (30) days of the invoice date, free of deduction, set-off or counterclaim. If you are required by any applicable law to withhold any part of any amount payable to us, you shall at the time of payment of our invoice make an additional payment to us equal to the amount of such withholding. 5.4.3 Monthly Fees are based on actual usage for the preceding month and are billed in line with the Product Usage Policy. 5.4.4 Monthly Fees are charged in full for the month of termination. 5.4.5 You are responsible for all taxes, charges, levies, assessment and other fees of any kind imposed by governmental or other authority in respect of the purchase or implementation of the Service(s). 5.4.6 If any sum payable to us is not paid by the date on which it is due, then (without prejudice to any other available remedy) interest will accrue on the overdue amount at the statutory rate for the time being in force under the Late Payment of Commercial Debts (Interest) Act 1998 and we reserve the right in our discretion to suspend your rights to use the Service(s) and/or (without prejudice to any claim against the Customer) to terminate the Contract on written notice to the Customer. Where interest on any sum due accrues to us in accordance with this clause, any payment later received will be applied first in payment of the interest due, and secondly in reduction of the indebtedness. If you fail to pay our invoices within our payment terms, we reserve the right to instruct a Debt Collection Agency to recover the sums due and owing from you, together with compensation, the Agency’s fees and any other costs and liabilities we have incurred in recovering the debt.

Appears in 2 contracts

Samples: Master Services Agreement, Master Services Agreement

Monthly Billing. 5.4.1 Unless otherwise agreed, the Subscription Fees payable by you for the Service(s) shall be the agreed price set out in the agreement and/or our invoice. 5.4.2 Monthly Fees are invoiced in arrears on or near the last day of the month and all invoices must be paid in full within thirty (30) days of the invoice date, free of deduction, set-off or counterclaim. If you are required by any applicable law to withhold any part of any amount payable to us, you shall at the time of payment of our invoice make an additional payment to us equal to the amount of such withholding. 5.4.3 Monthly Fees are based on actual usage for the preceding month and are billed in line with the Product Usage Policy. 5.4.4 Monthly Fees are charged in full for the month of termination. 5.4.5 You are responsible for all taxes, charges, levies, assessment and other fees of any kind imposed by governmental or other authority in respect of the purchase or implementation of the Service(s). 5.4.6 If any sum payable to us is not paid by the date on which it is due, then (without prejudice to any other available remedy) interest will accrue on the overdue amount at the statutory rate for the time being in force under the Late Payment of Commercial Debts (Interest) Act 1998 and we reserve the right in our discretion to suspend your rights to use the Service(s) and/or (without prejudice to any claim against the Customer) to terminate the Contract on written notice to the Customer. Where interest on any sum due accrues to us in accordance with this clause, any payment later received will be applied first in payment of the interest due, and secondly in reduction of the indebtedness. If you fail to pay our invoices within our payment terms, we reserve the right to instruct a Debt Collection Agency to recover the sums due and owing from you, together with compensation, the Agency’s fees and any other costs and liabilities we have incurred in recovering the debt.

Appears in 1 contract

Samples: Master Services Agreement

Monthly Billing. 5.4.1 Unless otherwise agreed, the Subscription Fees payable by you for the Service(s) shall be the agreed price set out in the agreement and/or our invoice. 5.4.2 Monthly Fees are invoiced in arrears on or near the last day of the month and all invoices must be paid in full within thirty (30) days of the invoice date, free of deduction, set-off or counterclaim. If you are required by any applicable law to withhold any part of any amount payable to us, you shall at the time of payment of our invoice make an additional payment to us equal to the amount of such withholding. 5.4.3 Monthly Fees are based on actual usage for the preceding month and are billed in line with the Product Usage Policy. 5.4.4 Monthly Fees are charged in full for the month of termination. 5.4.5 You are responsible for all taxes, charges, levies, assessment and other fees of any kind imposed by governmental or other authority in respect of the purchase or implementation of the Service(s). 5.4.6 If any sum payable to us is not paid by the date on which it is due, then (without prejudice to any other available remedy) interest will accrue on the overdue amount at the statutory rate for the time being in force under the Late Payment of Commercial Debts (Interest) Act 1998 Xxx 0000 and we reserve the right in our discretion to suspend your rights to use the Service(s) and/or (without prejudice to any claim against the Customer) to terminate the Contract on written notice to the Customer. Where interest on any sum due accrues to us in accordance with this clause, any payment later received will be applied first in payment of the interest due, and secondly in reduction of the indebtedness. If you fail to pay our invoices within our payment terms, we reserve the right to instruct a Debt Collection Agency to recover the sums due and owing from you, together with compensation, the Agency’s fees and any other costs and liabilities we have incurred in recovering the debt.

Appears in 1 contract

Samples: Master Services Agreement