PAYMENT TERMS 7. 1. The Lessee shall pay the Rent, Advance Payment or any other payments under this Contract based on the Invoice to the Lessor's bank account specified in the header of this Contract or to such bank account as the Lessor shall notify to the Lessee in writing, using the Lessee's identification number as the variable symbol. 7.2. The Parties have agreed that the impact of the pandemic in connection with the COVID - 19 disease shall not entitle the Lessee to refuse or reduce the payment of rent or penalties provided for in this Contract. 8.
PAYMENT TERMS 7. 1 The Service Charges shall be paid in the currency set forth in the Main Document, in a timely manner and in accordance with the payment terms set forth in this Section 7. 7.2 Service Provider is responsible for charging and declaring sales tax/VAT or other taxes as follow from applicable law. Any applicable sales tax/VAT on the agreed price will be included in the invoices and paid by Purchaser. All amounts referred to in this Service Agreement are exclusive of VAT. 7.3 If Service Provider is obligated to collect or pay taxes, such taxes shall be invoiced to Purchaser, unless Purchaser provides a valid tax exemption certificate authorized by the appropriate Tax Authority. If Purchaser is required by law to withhold any taxes from its payments, Purchaser must provide an official tax receipt or other appropriate documentation to support this withholding. 7.4 Any amount of the Service Charges invoiced by Service Provider to Purchaser shall be paid by Purchaser within [***] days after the invoice date. 7.5 Payment made later than the due date will automatically be subject to interest for late payments for each day it is not paid and the interest shall be based on the one month applicable interbank rate, depending on invoice and currency, with an addition of [***] per cent ([***]%) per annum. 7.6 Any paid portion of the Service Charges is non-refundable, with the exception set forth in the Main Document. 8. AUDIT 8.1 During the term of the Service Agreement, Purchaser shall have the right to, upon reasonable notice in writing to Service Provider, inspect Service Provider’s books and records
PAYMENT TERMS 7. 1 The Artist shall pay to the Agency for the services rendered the amounts as per Annexure A. 7.2 Payment shall be deducted from the Artist’s bank account in the form of a debit order, the consent to which is attached hereto as Annexure B. 7.3 In lieu of the Services rendered by the Agency to the Artist, the Agency shall be entitled to deduct an amount up to 40% (Forty percent), 20% booking fee and 20% agency commission from the amount paid by the Third Parties. The Agency shall thereafter pay the remaining amounts to the Artist and same shall be paid into their bank account. Note the 40% maximum commission is applicable to all types of CCA members. 7.4 The Agency shall only make payment to the Artist upon receiving such payment from the Third Party. 7.5 The artist will supply CCA, there relative bank details, and update any change. 7.6 All fees payable to the Agency in terms hereof shall be made free of exchange and or set-off and may not be withheld for any reason whatsoever. 7.7 It is specifically recorded that any certificate or statement issued by the Agency and/or any of its authorized representatives evidencing the amount due by the Artist during any specified month shall be prima facie proof thereof. 7.8 The Artist agrees that should the debit order for any reason be returned, a penalty fee of R50.00 (Fifty Rand) will be levied and such penalty amount as well as the monthly instalment may be deducted from the Artist’s account on their next debit order date. Any outstanding payments towards the Agency shall be deducted before any payments for assignments completed, and failing the latter, in respect of any subsequent assignment.
