Common use of PAYMENT BY THE SHIPPER Clause in Contracts

PAYMENT BY THE SHIPPER. Payment of an invoice for any Month must be made at the latest on the twentieth (20th) of the month following the Month in question, or on the tenth (10th) calendar day after its date of issue, if this second date for payment falls later. If the latest date as specified above is a bank holiday in France or in the country where the Shipper’s bank is established, the latest date for payment is moved to the next banking day. No discount is granted for an early payment. A payment is deemed to have been made once GRTgaz’s bank account has been credited with the full amount of the invoice. In the event of late payment of all or part of an invoice, the sums due shall bear interest at a rate equal to the twelve (12) month EURIBOR index calculated on a monthly average and expressed in percentage, as published by the Banque de France, plus two (2) percentage points, as applied to the exact number of days elapsed from the date payment was due and the date settlement of the invoice was actually effected, plus forty (40) Euros for covering fees in accordance with the clause D.441-5 of the French “code de commerce”. The Shipper has a period of sixty (60) calendar days from the date of receipt of the invoice to question the amount invoiced, beyond which the invoice shall be deemed accepted. Notwithstanding any issue raised by the Shipper pursuant to the preceding paragraph, the Shipper shall pay the full amount invoiced as provided above, unless an obvious material error has been made by GRTgaz. Any adjustment to a disputed invoice shall bear interest on the basis of a rate equal to the interbank one (1) month rate within the euro zone (1 month Euribor) for the last month in the quarter preceding the month the invoice was issued, calculated according to the exact number of days elapsed between the deadline for the initial payment as defined in this Clause 10 and the date of final payment.

PAYMENT BY THE SHIPPER. ‌ Payment of an invoice for any Month must be made at the latest on the twentieth (20th) of the month following the Month in question, or on the tenth (10th) calendar day after its date of issue, if this second date for payment falls later. If the latest date as specified above is a bank holiday in France or in the country where the Shipper’s bank is established, the latest date for payment is moved to the next banking day. No discount is granted for an early payment. A payment is deemed to have been made once GRTgaz’s bank account has been credited with the full amount of the invoice. In the event of late payment of all or part of an invoice, the sums due shall bear interest at a rate equal to the twelve (12) month EURIBOR index calculated on a monthly average and expressed in percentage, as published by the Banque de France, plus two (2) percentage points, as applied to the exact number of days elapsed from the date payment was due and the date settlement of the invoice was actually effected, plus forty (40) Euros for covering fees in accordance with the clause D.441-5 of the French “code de commerce”. The Shipper has a period of sixty (60) calendar days from the date of receipt of the invoice to question the amount invoiced, beyond which the invoice shall be deemed accepted. Notwithstanding any issue raised by the Shipper pursuant to the preceding paragraph, the Shipper shall pay the full amount invoiced as provided above, unless an obvious material error has been made by GRTgaz. Any adjustment to a disputed invoice shall bear interest on the basis of a rate equal to the interbank one (1) month rate within the euro zone (1 month Euribor) for the last month in the quarter preceding the month the invoice was issued, calculated according to the exact number of days elapsed between the deadline for the initial payment as defined in this Clause 10 and the date of final payment.

PAYMENT BY THE SHIPPER. Payment of an invoice for any Month must be made at the latest on the twentieth (20th) of the month following the Month in question, or on the tenth (10th) calendar day after its date of issue, if this second latest date for payment falls later. If the latest date as specified above is a bank holiday in France or in the country where the Shipper’s bank is established, the latest date for payment is moved to the next banking day. No discount is granted given for an early payment. A payment is deemed to have been made once GRTgaz’s bank account has been credited with the full amount of the invoiceinvoiced amount. In the event of late payment of all or part of an invoice, the sums due shall bear interest at a rate equal to three times the twelve (12) month EURIBOR index calculated on a monthly average and expressed in percentagelegal rate, as published counted by the Banque de France, plus two (2) percentage points, as applied to the exact number of days elapsed from the date payment was due and the date settlement of the invoice was actually effected, plus forty thirty (4030) Euros for covering fees in accordance with the clause D.441-5 of the French “code de commerce”administrative fees. The Shipper has a period of sixty (60) calendar days from the date of receipt of the invoice to question the amount invoiced. Beyond that period, beyond which the invoice shall be deemed accepted. Notwithstanding any issue raised by the Shipper pursuant to the preceding precedent paragraph, the Shipper shall pay the full amount invoiced as provided above, unless an obvious material error has been made by GRTgaz. Any adjustment to a disputed invoice shall bear interest on the basis of a rate equal to the interbank one (1) one month rate within the euro Euro zone (1 month Euribor) for the last month in the quarter preceding the month the invoice was issued, calculated according to the exact number of days elapsed between the deadline for date at the latest of the initial payment as defined in this Clause 10 and the date of final payment.