Common use of Payment Invoicing Clause in Contracts

Payment Invoicing. 4.1 In consideration of the Goods delivered and/or the Services pro- vided by Supplier in accordance with the Contract, Customer shall pay to Supplier the purchase price stated in the Contract provided the in- voice fulfils the requirements defined by Customer. Payment shall be made in the country in which Supplier is registered, to a bank account in the name of Supplier. The price is inclusive of all fees and taxes (other than VAT or equivalent) and of all costs of manufacturing, pro- cessing, warehousing and packaging (including returning any returna- ble packaging) of any Goods. 4.2 Supplier shall submit invoices in an auditable form, complying with applicable laws, generally accepted accounting principles and the spe- cific Customer requirements, containing the following minimum infor- mation: Supplier name, address and reference person including contact details; invoice date; invoice number; Order number and Supplier num- ber; address of Customer; quantity; specification of Goods and/or Ser- vices; price (total amount invoiced); currency; tax or VAT amount; tax or VAT number; Authorized Economic Operator and/or Approved Ex- xxxxxx Authorization number and/or other customs identification num- ber, if applicable; payment terms as agreed. Supplier shall state the Or- der number on all invoices (in particular but not limited to commercial, pro forma or customs invoices). 4.3 Invoices must be sent to the billing address specified in the Contract (or as otherwise agreed with Customer). 4.4 Customer shall pay the invoice in accordance with the payment terms agreed in the Contract. 4.5 Customer will reimburse expenses only at cost and to the extent agreed in writing. 4.6 Services charged on the basis of hourly rates require written confir- mation of Supplier’s time sheets by Customer. Supplier shall submit such time sheets to Customer for confirmation as may be instructed by Customer but latest together with any related invoice. Confirmation of time sheets cannot be construed as acknowledgement of any claims. Customer is not obliged to pay invoices based on time sheets which are not confirmed by Customer in writing. 4.7 Customer reserves the right to set off or withhold payment for Goods and/or Services not provided in accordance with the Contract. 4.8 If an invoice received by Customer is not paid by the due date, Sup- plier may give notice in writing that the amount is overdue. Thirty (30) days after receipt of notice, unless the payment is disputed in good faith by Customer, Supplier may charge interest at the rate of 3% above the 3-month LIBOR rate (for unsecured USD loans) on any unpaid and undisputed amount, from the date payment fell due (or such other date as may be agreed in writing between the Parties), until receipt of the amount owed. Supplier acknowledges and agrees that this Clause 4.8 provides Supplier with a substantial remedy in respect of any late pay- ment of sums due under any Contract.

Payment Invoicing. 4.1 In consideration of the Goods delivered and/or the Services pro- vided by Supplier in accordance with the Contract, Customer shall pay to Supplier the purchase price stated in the Contract provided the in- voice fulfils the requirements defined by Customer. Payment shall be made in the country in which Supplier is registered, to a bank account in the name of Supplier. The price is inclusive of all fees and taxes (other than VAT or equivalent) and of all costs of manufacturing, pro- cessing, warehousing and packaging (including returning any returna- ble packaging) of any Goods. 4.2 Supplier shall submit invoices in an auditable form, complying with applicable laws, generally accepted accounting principles and the spe- cific Customer requirements, containing the following minimum infor- mation: Supplier name, address and reference person including contact details; invoice date; invoice number; Order number and Supplier num- ber; address of Customer; quantity; specification of Goods and/or Ser- vices; price (total amount invoiced); currency; tax or VAT amount; tax or VAT number; Authorized Economic Operator and/or Approved Ex- xxxxxx Authorization number and/or other customs identification num- ber, if applicable; payment terms as agreed. Supplier shall state the Or- der number on all invoices (in particular but not limited to commercial, pro forma or customs invoices). 4.3 Invoices must be sent to the billing address specified in the Contract (or as otherwise agreed with Customer). 4.4 Customer shall pay the invoice in accordance with the payment terms agreed in the Contract. 4.5 Customer will reimburse expenses only at cost and to the extent agreed in writing. 4.6 Services charged on the basis of hourly rates require written confir- mation of Supplier’s time sheets by Customer. Supplier shall submit such time sheets to Customer for confirmation as may be instructed by Customer but latest together with any related invoice. Confirmation of time sheets cannot be construed as acknowledgement of any claims. Customer is not obliged to pay invoices based on time sheets which are not confirmed by Customer in writing. 4.7 Customer reserves the right to set off or withhold payment for Goods and/or Services not provided in accordance with the Contract. 4.8 If an invoice received by Customer is not paid by the due date, Sup- plier may give notice in writing that the amount is overdue. Thirty (30) days after receipt of notice, unless the payment is disputed in good faith by Customer, Supplier Supplier, to the extent permitted by the governing law, may charge interest at the rate of 3% above the 3-month LIBOR rate (for unsecured USD loans) ), taking into account that if 3 months LIBOR rate is below zero, 3 months LIBOR rate will be deemed to be zero, on any unpaid and undisputed amount, from the date payment fell due (or such other date as may be agreed in writing between the Parties), until receipt of the amount owed. Supplier acknowledges and agrees that this Clause 4.8 provides Supplier with a substantial remedy in respect of any late pay- ment payment of sums due under any Contract.

Payment Invoicing. 4.1 In consideration of the Goods delivered and/or the Services pro- vided provided by Supplier in accordance with the Contract, Customer shall pay to Supplier the purchase price stated in the Contract provided the in- voice invoice fulfils the requirements defined by Customer. Payment shall be made in the country in which Supplier is registered, to a bank account in the name of Supplier. The price is inclusive of all fees and taxes (other than VAT or equivalent) and of all costs of manufacturing, pro- cessing, warehousing and packaging (including returning any returna- ble packaging) of any Goods. 4.2 Supplier shall submit invoices in an auditable form, complying with applicable laws, generally accepted accounting principles and the spe- cific specific Customer requirements, containing the following minimum infor- mationinformation: Supplier name, address and reference person including contact details; invoice date; invoice number; Order number and Supplier num- bernumber; address of Customer; quantity; specification of Goods and/or Ser- vicesServices; price (total amount invoiced); currency; tax or VAT amount; tax or VAT number; Authorized Economic Operator and/or Approved Ex- xxxxxx Exporter Authorization number and/or other customs identification num- bernumber, if applicable; payment terms as agreed. Supplier shall state the Or- der number on all invoices (in particular but not limited to commercial, pro forma or customs invoices). 4.3 Invoices must be sent to the billing address specified in the Contract (or as otherwise agreed with Customer)Contract. 4.4 Customer shall pay the invoice in accordance with the payment terms agreed in the Contract. 4.5 Customer will reimburse expenses only at cost and to the extent agreed in writing. 4.6 Services charged on the basis of hourly rates require written confir- mation confirmation of Supplier’s time sheets by Customer. Supplier shall submit such time sheets to Customer for confirmation as may be instructed by Customer but latest together with any related invoice. Confirmation of time sheets cannot be construed as acknowledgement of any claims. Customer is not obliged to pay invoices based on time sheets which are not confirmed by Customer in writing. 4.7 Customer reserves the right to set off or withhold payment for Goods and/or Services not provided in accordance with the Contract. 4.8 If an invoice received by Customer is not paid by the due date, Sup- plier may give notice in writing that the amount is overdue. Thirty (30) days after receipt of notice, unless the payment is disputed in good faith by Customer, Supplier may charge interest at the rate of 3% above the 3-month LIBOR rate (for unsecured USD loans) on any unpaid and undisputed amount, from the date payment fell due (or such other date as may be agreed in writing between the Parties), until receipt of the amount owed. Supplier acknowledges and agrees that this Clause 4.8 provides Supplier with a substantial remedy in respect of any late pay- ment of sums due under any Contract.

Payment Invoicing. 4.1 In consideration of the Goods delivered and/or the Services pro- vided provided by Supplier in accordance with the Contract, Customer shall pay to Supplier the purchase price stated in the Contract provided the in- voice invoice fulfils the requirements defined by Customer. Payment shall be made in the country in which Supplier is registered, to a bank account in the name of the Supplier. The price is inclusive of all fees and taxes (other than VAT or equivalent) and of all costs of manufacturing, pro- cessingprocessing, warehousing and packaging (including returning any returna- ble returnable packaging) of any Goods. 4.2 . Supplier shall submit invoices in an auditable form, complying with applicable laws, generally accepted accounting principles and the spe- cific specific Customer requirements, containing the following minimum infor- mationinformation: Supplier name, address and reference person including contact details; invoice date; invoice number; Order number and Supplier num- bernumber; address of Customer; quantity; specification of Goods and/or Ser- vicesServices; price (total amount invoiced); currency; tax tax(es) or VAT amountamount(s); tax tax(es) or VAT numberregistration number(s); Authorized Economic Operator and/or Approved Ex- xxxxxx Exporter Authorization number and/or other customs identification num- bernumber, if applicable; payment terms as agreed. Supplier shall state the Or- der Order number on all invoices (in particular but not limited to commercial, commercial pro forma or customs invoices). 4.3 . Invoices must be sent to the billing address specified in the Contract (or as otherwise agreed with Customer). 4.4 . Customer shall pay the invoice in accordance with the payment terms agreed in the Contract. 4.5 . Customer will reimburse expenses only at cost and to the extent agreed in writing. 4.6 . Services charged on the basis of hourly rates require written confir- mation confirmation of Supplier’s time sheets by Customer. Supplier shall submit such time sheets to Customer for confirmation as may be instructed by Customer but latest together with any related invoice. Confirmation of time sheets cannot be construed as acknowledgement of any claims. Customer is not obliged to pay invoices based on time sheets which are not confirmed by Customer in writing. 4.7 . Customer reserves the right to set off or withhold payment for Goods and/or Services not provided in accordance with the Contract. 4.8 . If an invoice received by Customer is not paid by the due date, Sup- plier Supplier may give notice in writing that the amount is overdue. Thirty (30) days after receipt of notice, unless the payment is disputed in good faith by Customer, Supplier may charge interest at the rate of 3% above the 3-month LIBOR rate (for unsecured USD loans) on any unpaid and abs undisputed amount, from the date payment fell due (or such other date as may be agreed in writing between the Parties), until receipt of the amount owed. Supplier acknowledges and agrees that this Clause 4.8 provides Supplier with a substantial remedy in respect of any late pay- ment payment of sums due under any Contract.

Payment Invoicing. 4.1 In consideration of the Goods delivered and/or the Services pro- vided provided by Supplier in accordance with the Contract, Customer shall pay to Supplier the purchase price stated in the Contract provided the in- voice invoice fulfils the requirements defined by Customerin the Contract. Payment shall be made in the country in which Supplier is registered, to a bank account in the name of Supplier. The price is inclusive of all fees and taxes (other than VAT or equivalent) and of all costs of manufacturing, pro- cessingprocessing, warehousing warehousing, and packaging (including returning any returna- ble returnable packaging) of any Goods. 4.2 Supplier shall submit invoices in an auditable form, complying with applicable laws, generally accepted accounting principles and the spe- cific specific Customer requirements, containing the following minimum infor- mationinformation: Supplier name, Supplier address (via which Supplier in fact can be contacted) and Supplier’s reference person including contact details; invoice date; invoice number; Order number and Supplier num- bernumber; address of Customer; quantity; specification of Goods and/or Ser- vicesServices; price (total amount invoiced); tax base (net amount in total); currency; tax or VAT amount; tax or VAT number; Authorized Economic Operator and/or Approved Ex- xxxxxx Exporter Authorization number and/or other customs identification num- bernumber, if applicable; payment terms as agreed. Supplier shall state the Or- der Order number on all invoices (in particular but not limited to commercial, pro forma or customs invoices). Supplier shall indemnify and hold Customer harmless from and against any third party claims (including claims by authorities, such as tax authorities) and cost arising from non- compliance by Supplier with this Section 4.2. 4.3 Invoices must be sent to the billing address specified in the Contract (or as otherwise agreed with Customer). 4.4 Customer shall pay the invoice in accordance with the payment terms agreed in the Contract. 4.5 Customer will reimburse expenses only at cost and to the extent agreed in writing. 4.6 Services to be charged on the basis of hourly rates require written confir- mation confirmation of Supplier’s time sheets by Customer. Supplier shall submit such time sheets to Customer for confirmation as may be instructed by Customer but latest together with any related invoice. Confirmation of time sheets cannot be construed as acknowledgement of any claims. Customer is not obliged to pay invoices based on time sheets which are not confirmed by Customer in writing. 4.7 Customer reserves the right to set off or withhold payment for Goods and/or Services not provided in accordance with the Contract. 4.8 If an invoice received by Customer is not paid by the due date, Sup- plier Supplier may give notice in writing that the amount is overdue. Thirty (30) days after receipt of notice, unless the payment is disputed in good faith by CustomerXxxxxxxx, until receipt of the amount owed Supplier may charge interest at the rate of 3% above the 3-3- month LIBOR rate (for unsecured USD EUR loans) on any unpaid and undisputed amount, from the date payment fell due (or such other date as may be agreed in writing between the Parties), until receipt of . This does not apply if the amount owed. , or its due date was rightly disputed by the Customer. 4.9 Supplier acknowledges shall neither employ for the performance of the Contract any person who does not have the labor permit required, nor employ any Subcontractor or any hiring company for temporary workers (“Verleiher von Leiharbeitnehmern”) without prior written approval by Customer. 4.10 The following provisions shall apply to the extent that the Austrian legislation concerning the delegation of employees (Arbeitskräfteüberlassungsgesetz (AÜG)), the Austrian legislation concerning the compliance with labor agreements (Arbeitsverfassungsgesetz (ArbVG)) and/or the Austrian legislation concerning the payment of minimum wages (Kollektivvertragsregelung) is/are applicable (all hereinafter together: the “Special Labor Laws”): (i) Supplier undertakes to comply with the Special Labor Laws and agrees that this Clause 4.8 provides to ensure compliance therewith by all of its direct or indirect Subcontractors within the contract chain (collectively referred to as “Employed Third Parties”); (ii) Supplier with a substantial remedy in respect shall indemnify and hold Customer harmless from and against any liability or obligation of Customer towards third parties for Supplier’s or Employed Third Parties’ breach of any late pay- ment of sums due under the Special Labor Laws, including without limitation any Contractadministrative fines, fees and cost, save as where Customer has acted intentionally; (iii) in case of Supplier’s or Employed Third Parties’ non- compliance with any Special Labor Laws, Customer shall be entitled to rescind the Contract or to terminate the Contract with immediate effect; and (iv) in case Customer reasonably suspects that Supplier or any Employed Third Party has breached any Special Labor Laws, Supplier shall prove by appropriate means compliance with such laws. “Appropriate means” shall include without limitation: inspection of payrolls on wages and salaries or time accounts (in pseudonymized form) or submission of comparably meaningful documents evidencing compliance with the Special Labor Laws.

Payment Invoicing. 4.1 In consideration of the Goods delivered and/or the Services pro- vided provided by Supplier in accordance with the Contract, Customer shall pay to Supplier the purchase price stated in the Contract provided the in- voice invoice fulfils the requirements defined by Customer. Payment shall be made in the country in which Supplier is registered, to a bank account in the name of Supplier. The price is inclusive of all fees and taxes (other than VAT or equivalent) and of all costs of manufacturing, pro- cessingprocessing, warehousing and packaging (including returning any returna- ble returnable packaging) of any Goods. 4.2 Supplier shall submit invoices in an auditable form, complying with applicable laws, generally accepted accounting principles and the spe- cific specific Customer requirements, containing the following minimum infor- mationinformation: Supplier name, address and reference person including contact details; invoice date; invoice number; Order number and Supplier num- bernumber; address of Customer; quantity; specification of Goods and/or Ser- vicesServices; price (total amount invoiced); currency; tax or VAT amount; tax or VAT number; Authorized Economic Operator and/or Approved Ex- xxxxxx Exporter Authorization number and/or other customs identification num- bernumber, if applicable; payment terms as agreed. Supplier shall state the Or- der Order number on all invoices (in particular but not limited to commercial, pro forma or customs invoices). 4.3 Invoices must be sent to the billing address specified in the Contract (or as otherwise agreed with Customer). 4.4 Customer shall pay the invoice in accordance with the payment terms agreed in the Contract. 4.5 Customer will reimburse expenses only at cost and to the extent agreed in writing. 4.6 Services charged on the basis of hourly rates require written confir- mation confirmation of Supplier’s 's time sheets by Customer. Supplier shall submit such time sheets to Customer for confirmation as may be instructed by Customer but latest together with any related invoice. Confirmation of time sheets cannot be construed as acknowledgement of any claims. Customer is not obliged to pay invoices based on time sheets which are not confirmed by Customer in writing. 4.7 Customer reserves the right to set off or withhold payment for Goods and/or Services not provided in accordance with the Contract. 4.8 If an invoice received by Customer is not paid by the due date, Sup- plier Supplier may give notice in writing that the amount is overdue. Thirty (30) days after receipt of notice, unless the payment is disputed in good faith by Customer, Supplier may charge interest at the rate of 3% above the 3-month LIBOR rate (for unsecured USD loans) on any unpaid and undisputed amount, from the date payment fell due (or such other ABB Ltd. Croatia Xxxxx xxxxx Xxxxxxxx 000 XX-00000 Xxxxxx Registered as a Limited Liability Company at the Commercial Court in Zagreb Zagrebačka banka d.d. Xxx xxxx Xxxxxx Xxxxxxxx 00 00000 Xxxxxx Xxxxxxx Share capital 2.730.000 HRK fully paid President of the Board of Directors: Marcel van der Hoek Phone: +000 0 0000 000 MBS 080083928 IBAN: XX0000000000000000000 Fax: +000 0 0000 000 MB 0000000 SWIFT: XXXXXX0X xxxx@xx.xxx.xxx VAT No. HR73301344150 xxx.xxx.xx QF-19.01.05 rev. 3 Filename: Q-19.01.05 Fe.docx date as may be agreed in writing between the Parties), until receipt of the amount owed. Supplier acknowledges and agrees that this Clause 4.8 provides Supplier with a substantial remedy in respect of any late pay- ment payment of sums due under any Contract.