Common use of Price and invoices Clause in Contracts

Price and invoices. 7.1. For the Services and all other activities in connection with this Agreement, the Client will pay Zivver what is stated in the Offer and/or its schedules. All amounts are quoted in euros, and exclude turnover tax (VAT) and other governmental levied duties. 7.2. The annual fixed costs of the Services will be invoiced upon the commencement of the Agreement and subsequently on an annual basis. The variable costs for the Services will be invoiced on a quarterly basis, or a different basis if agreed in the offer, in arrears based on subsequent costing. Implementation of the Services will be invoiced upon completion of the implementation. The invoices will have a payment term of 30 days, for which the Client accepts possible electronic invoicing. 7.3. In January of each year, Zivver is entitled to index the prices for its Services, based on the consumer price index of Statistics Netherlands (CBS) and compared to the prices for its Services in the previous calendar year. In such event, the Client is not entitled to terminate the Agreement. 7.4. If payment is not made in time, the Client is obliged to pay, in addition to the amount owed and the commercial interest due, all the judicial and extra-judicial collection costs, including the costs of lawyers, bailiffs and debt collection agencies. 7.5. In the event that the Client is declared bankrupt, applies for or is granted suspension of payments, the Client’s activities are ceased or its business is wound up, all amounts owed to Zivver are immediately due and payable.

Price and invoices. 7.1. For the Services and all other activities in connection with this Agreement, the Client will pay Zivver ZIVVER what is stated in the Offer and/or its schedules. All amounts are quoted in euros, and exclude turnover tax (VAT) and other governmental levied duties. 7.2. The annual fixed costs of the Services will be invoiced upon the commencement of the Agreement and subsequently on an annual basis. The variable costs for the Services will be invoiced on a quarterly basis, or a different basis if agreed in the offer, in arrears based on subsequent costing. Implementation of the Services will be invoiced upon completion of the implementation. The invoices will have a payment term of 30 days, for which the Client accepts possible electronic invoicing. 7.3. In January of each year, Zivver ZIVVER is entitled to index the prices for its Services, based on the consumer price index of Statistics Netherlands (CBS) and compared to the prices for its Services in the previous calendar year. In such event, the Client is not entitled to terminate the Agreement. 7.4. If payment is not made in time, the Client is obliged to pay, in addition to the amount owed and the commercial interest due, all the judicial and extra-judicial collection costs, including the costs of lawyers, bailiffs and debt collection agencies. 7.5. In the event that the Client is declared bankrupt, applies for or is granted suspension of payments, the Client’s activities are ceased or its business is wound up, all amounts owed to Zivver ZIVVER are immediately due and payable.