Common use of Payment of Contract Fees Clause in Contracts

Payment of Contract Fees. The Company will pay the Contract Fee to the Contractor upon receipt of the Contractor’s invoice and satisfactory provision of the Services in the relevant period. The Contract Fee is exclusive of GST. The Contractor must issue an invoice in proper form, being on the Contractor’s letterhead specifying the nature of the Services, the number of hours worked and the date and time the Services were performed. The Contractor must also attach the appropriate declaration set out in Schedule H and any other attachments required by the company to the invoice. The Contractor must invoice the Company in accordance with the Payment Arrangements set out in Schedule N. The Company will pay the Contractor’s invoices (provided in proper form) in accordance with the Payment Arrangements set out in Schedule N. The Contract Fee specified in this Agreement for the Services is the total amount payable by the Company in respect of the Services. Neither the Contractor, nor the Representative(s), are entitled to any other payment, remuneration or compensation from the Company. Taxation Payment of GST The fees, charges, taxes and expenses payable under this Agreement do not include GST. If GST is payable on any supply made by a party under or in connection with this Agreement, the consideration provided (or to be provided) for that supply will be increased by an amount equal to the GST liability properly incurred by the party making the supply (the “GST Amount”). The party making the supply must promptly provide a tax invoice or receipt, which is in an approved form for GST purposes, for any supply for which the party making the supply may recover GST. If a party has incurred a cost on which GST is payable, that party may claim the cost plus GST, unless the party is entitled to an input tax credit in respect of such GST. Any GST Amount must be paid at the same time and in the same manner as the consideration on which the GST Amount is calculated. However, the party receiving the supply is not required to pay the GST Amount until seven days after receiving a tax invoice.