Common use of PAYMENTS AND BILLING Clause in Contracts

PAYMENTS AND BILLING. 4.1 The Rental fee for the use of the Vehicle is indicated in the Special Terms. In case when the lease period covers a full calendar month, the settlement shall be made for a monthly period according to the Rental fee indicated in the Special Terms. If the duration of the lease does not correspond to the full period of calendar month, the Rental fee shall be calculated for actual number of days of the lease by applying Rental fee prices for the respective lease period according the Special Terms. 4.2 The settlement period begins on date of delivery of the Vehicle as stated in Vehicle’s delivery and acceptance certificate and ends on date of return of the Vehicle as stated in the Vehicle return document. 4.3 The Lessee shall pay to the Lessor Rental fees for the Vehicle use in a previous month, as well as all other payments for which the payment term is not set in the Contract, within 15 days as from the date of issue of the VAT invoice, unless stated otherwise in Special Terms of the Contract or respective VAT invoice. 4.4 The Lessee hereby agrees to delivery of the invoices electronically in document format preferred by the Lessor to the e-mail address indicated by the Lessee in the customer application form or in this Contract, or other e-mail address duly notified to the Lessor. The Parties agree that the Lessor's invoices shall be without the requisite "Signature" and the Lessee will recognise such invoices as binding. The uploading of the Lessor’s invoices to the Lessee's systems shall be binding to the Lessor only if the Parties have entered into a separate agreement on that. In any event, the Lessor shall be entitled to send invoices by e-mail and the Lessee shall be obliged to accept and process such invoices received by e-mail if the Lessee's system is not working on the day the Lessor uploads the invoices, i.e. the Lessor shall not be obliged to re-upload, report problems or take any other action to remedy the problem. 4.5 All payments shall be made to the Lessor’s bank account specified in the VAT invoice. The date of payment is the date of crediting the Lessor’s bank account. Any bank service fees and other payments applied by the bank for making settlements are covered by the Lessee. 4.6 The Contract calculation currency is Euro. Any expenses of the Lessor due to currency exchange and loss incurred by the Lessor later due to activities of the Lessee related to making payments in the currency, which does not correspond to the currency of the Contract, shall be covered by the Lessee. 4.7 In the event that the actual mileage of the Vehicle settled is higher than the contractually agreed Allowed Mileage limit, the Lessee at the end of lease or on monthly basis (at the Lessor’s discretion) shall pay an additional fee in the amount indicated in the Special Terms for each additional kilometre travelled over the estimated Mileage limit. If in the Special Terms the Lessee has selected the Expected mileage limit that exceeds the Allowed Mileage limit, the Lessee shall be charged with the increased Rental fee set out in the Special Terms, but the charge for the Excess Mileage fee shall be applied after the Lessee exceeds the mileage level selected by the Lessee. 4.8 Settlement for the excess of the Mileage limit specified in the Special Terms shall be made in proportion to the duration of the period of lease (for example, if the Mileage limit has been granted for a period of one month and the termination of the lease of a given Vehicle takes place before the end of a full month, the total agreed Mileage limit shall be divided and excess mileage calculated pro rata according to the number of days the Vehicle was used). 4.9 The Lessee undertakes to pay all charges and fees arising out of the Contract and according to the Price list. 4.10 The Lessee shall bear the ordinary costs of maintenance and operation of the Vehicle during the period of lease, in particular the costs of: a) fuel / electricity used during the use of the Vehicle, b) purchase of windscreen washer fluid and other car products,