Common use of Payment of Fees and Charges Clause in Contracts

Payment of Fees and Charges. 3.1 The Participant shall pay to the Service Provider the fees and charges as long as this Agreement continues in force. 3.2 The fees and charges payable under this Agreement shall be paid in the manner set out in Appendix 2. 3.3 In the event that any fee or charge remains unpaid after becoming due in accordance with Appendix 2, the Service Provider shall be entitled to charge interest at the rate of 10% per annum or at the prevailing 3-month Singapore Interbank Offer Rate (SIBOR) on the overdue amount, whichever is higher, subject to a minimum interest charge of SGD50. 3.4 The fees and charges payable under this Agreement are exclusive of GST, and the Participant shall bear and pay to the Service Provider all GST on or calculated by reference to the fees and charges payable under this Agreement and any fees and charges payable for other goods or services which the Service Provider may be required to supply under this Agreement. The Participant shall pay all such GST, in the manner set out in Appendix 2. 3.5 Notwithstanding the termination of this Agreement or the suspension of the use of the MEPS+ Services, no refund (either in whole or in part) shall be made of any fees and charges paid by the Participant under this Agreement.

Payment of Fees and Charges. 3.1 The Participant shall pay to the Service Provider the fees and charges as long as this Agreement continues in force. 3.2 The fees and charges payable under this Agreement shall be paid in the manner set out in Appendix 2. 3.3 In the event that any fee or charge remains unpaid after becoming due in accordance with Appendix 2, the Service Provider shall be entitled to charge interest at the rate of 10% per annum or at the prevailing 3-month Singapore Interbank Offer Rate (SIBOR) on the overdue amount, whichever is higher, subject to a minimum interest charge of SGD50. 3.4 The fees and charges payable under this Agreement are exclusive of GST, and the Participant shall bear and pay to the Service Provider all GST on or calculated by reference to the fees and charges payable under this Agreement and any fees and charges payable for other goods or services which the Service Provider may be required to supply under this Agreement. The Participant shall pay all such GST, in the manner set out in Appendix 2. 3.5 Notwithstanding the termination of this Agreement or the suspension of the use of the MEPS+ Services, no refund (either in whole or in part) shall be made of any fees and charges paid by the Participant under this Agreement.