Common use of Payment and Term Clause in Contracts

Payment and Term. 3.1 The Licence shall commence on the Commencement Date and thereafter shall automatically renew for further twelve-monthly periods unless and until determined in accordance with clause 9. 3.2 CLA has elected to have a self-billing arrangement, subject to the prior approval of Her Majesty’s Customs and Excise. All payments pursuant to such self- billing arrangement shall be made by the Licensee quarterly within 30 days after the end of each Quarter in respect of Licensed Copies made in that Quarter. 3.3 In the event that payment is not received by CLA in accordance with clause 3.2, CLA shall give notice to the Licensee by electronic mail to make payment within seven days after receipt of such notice, and, if payment is not then received in full by CLA within the said seven days, CLA may suspend this Agreement with immediate effect. 3.4 CLA reserves the right to charge interest at the Prescribed Rate on late payment of Copyright Fees. 3.5 In the event that the Licensee does not pay the correct Copyright Fee following a change to Copyright Fees duly notified to it by CLA, it shall, in addition to paying any shortfall and interest thereon at the Prescribed Rate, also pay a sum in respect of CLA’s reasonable administrative expenses.

Payment and Term. 3.1 The Licence shall commence on the Commencement Date and thereafter shall automatically renew for further twelve-monthly periods unless and until determined in accordance with clause 9. 3.2 CLA has elected to have a self-billing arrangement, subject to the prior approval of Her Majesty’s Customs and Excise. All payments pursuant to such self- self-billing arrangement shall be made by the Licensee quarterly within 30 days after the end of each Quarter in respect of Licensed Copies made in that Quarter. 3.3 In the event that payment is not received by CLA in accordance with clause 3.2, CLA shall give notice to the Licensee by electronic mail to make payment within seven days after receipt of such notice, and, if payment is not then received in full by CLA within the said seven days, CLA may suspend this Agreement with immediate effect. 3.4 CLA reserves the right to charge interest at the Prescribed Rate on late payment of Copyright Fees. 3.5 In the event that the Licensee does not pay the correct Copyright Fee following a change to Copyright Fees duly notified to it by CLA, it shall, in addition to paying any shortfall and interest thereon at the Prescribed Rate, also pay a sum in respect of CLA’s reasonable administrative expenses.

Payment and Term. 3.1 The Licence shall commence on the Commencement Date and thereafter shall automatically renew for further twelve-monthly periods unless and until determined in accordance with clause 9. 3.2 CLA has elected to have a self-billing arrangement, subject to the prior approval of Her Majesty’s Customs and Excise. All payments pursuant to such self- billing arrangement shall be made by the Licensee quarterly within 30 days after the end of each Quarter in respect of Licensed Copies made in that Quarter.. The Copyright Licensing Agency Ltd 3.3 In the event that payment is not received by CLA in accordance with clause 3.2, CLA shall give notice to the Licensee by electronic mail to make payment within seven days after receipt of such notice, and, if payment is not then received in full by CLA within the said seven days, CLA may suspend this Agreement with immediate effect. 3.4 CLA reserves the right to charge interest at the Prescribed Rate on late payment of Copyright Fees. 3.5 In the event that the Licensee does not pay the correct Copyright Fee following a change to Copyright Fees duly notified to it by CLA, it shall, in addition to paying any shortfall and interest thereon at the Prescribed Rate, also pay a sum in respect of CLA’s reasonable administrative expenses.

Payment and Term. 3.1 6.1 The Licence shall commence on the Commencement Date and thereafter shall automatically renew for further twelve-monthly periods unless and until determined in accordance with clause 9. 3.2 6.2 CLA has elected to have a self-billing arrangement, subject to the prior approval of Her Majesty’s Customs and Excise. All payments pursuant to such self- billing arrangement shall be made by the Licensee quarterly within 30 days after the end of each Quarter in respect of Licensed Copies made in that Quarter.. The Copyright Licensing Agency Ltd 3.3 6.3 In the event that payment is not received by CLA in accordance with clause 3.2, CLA shall give notice to the Licensee by electronic mail to make payment within seven days after receipt of such notice, and, if payment is not then received in full by CLA within the said seven days, CLA may suspend this Agreement with immediate effect. 3.4 6.4 CLA reserves the right to charge interest at the Prescribed Rate on late payment of Copyright Fees. 3.5 6.5 In the event that the Licensee does not pay the correct Copyright Fee following a change to Copyright Fees duly notified to it by CLA, it shall, in addition to paying any shortfall and interest thereon at the Prescribed Rate, also pay a sum in respect of CLA’s reasonable administrative expenses.