Common use of Payment and Taxes Clause in Contracts

Payment and Taxes. Invoices are payable net thirty (30) days from date of invoice. Applicable taxes will be calculated at the time of invoicing only, based on the shipping destination address, and added separately to the invoice. Customer is responsible for remitting payment including taxes charged, unless a proper non-profit exemption, resale, contractor's Project exemption or other certificate based on state/local requirements is provided to Hill-Rom. Unless waived by Hill-Rom in writing, overdue invoices shall be subject to a late payment charge equal to the lesser of (i) one and one half percent (1 1/2%) per month or (ii) the maximum rate allowed by law. Customer agrees to pay Hill-Rom for any and all costs and expenses (including without limitation reasonable attorneys’ fees) incurred by Hill-Rom to collect any amounts owed to it, enforce any of its rights or seek any of its remedies hereunder. Customer is advised that the Customer may be obligated to properly reflect and/or report any discount, rebate or reduction in price in its costs claimed or charges made to federal (e.g. Medicare) or state (e.g. Medicaid) health care programs requiring such disclosure. The invoices provided by Hill-Rom to Customer may not reflect the net cost to the Customer. Customer shall make written request to Hill-Rom in the event Customer requires additional information in order to meet applicable reporting or disclosure obligations. Hill-Rom shall retain a security interest in the Product until Hill-Rom has received full payment including taxes. Customer agrees to sign and deliver to Hill-Rom any additional documents required by Hill-Rom to protect its security interest.

Payment and Taxes. Invoices are payable net thirty (30) days from date of invoice. Applicable taxes will be calculated at the time of invoicing only, based on the shipping destination address, and added separately to the invoice. Customer is responsible for remitting payment including taxes charged, unless a proper non-profit exemption, resale, contractor's Project project exemption or other certificate based on state/local requirements is provided to Hill-Rom. Unless waived by Hill-Rom in writing, overdue invoices shall be subject to a late payment charge equal to the lesser of (iii) one and one half percent (1 1/2%) per month or (ii) the maximum rate allowed by law. Customer agrees to pay Hill-Rom for any and all costs and expenses (including without limitation reasonable attorneys’ fees) incurred by Hill-Hill- Rom to collect any amounts owed to it, enforce any of its rights or seek any of its remedies hereunder. Customer is advised that the Customer may be obligated to properly reflect and/or report any discount, rebate or reduction in price in its costs claimed or charges made to federal (e.g. Medicare) or state (e.g. Medicaid) health care programs requiring such disclosure. The invoices provided by Hill-Rom to Customer may not reflect the net cost to the Customer. Customer shall make written request to Hill-Rom in the event Customer requires additional information in order to meet applicable reporting or disclosure obligations. Hill-Rom shall retain a security interest in the Product until Hill-Rom has received full payment including taxes. Customer agrees to sign and deliver to Hill-Rom any additional documents required by Hill-Rom to protect its security interest.