Price and Payment Terms. 3.1 In consideration of the provision of the Services by Provider as may be requested by the Trust pursuant to a SOW, and subject to the terms of this Agreement, the Trust will pay Provider the Agreement Amount or Fees set forth in each SOW (or SOW Modification Memorandum issued by the Trust) for the Services expressly authorized in each such SOW.
3.2 Where the Services are provided on a time and materials basis, the fees payable for the Services shall be calculated in accordance with Provider's fee rates for the Provider Personnel set forth in the applicable SOW the (“SOW Fees”) and Provider shall issue invoices to the Trust monthly in arrears for its fees for time for the immediately preceding month, together with a detailed breakdown of allowable expenses for such month incurred in accordance with this Agreement. The parties agree that after the initial 12 months of the Term, for Services provided on a time and materials basis, Provider may increase its standard fee rates specified in the applicable SOW upon written notice to the Trust; provided, that: Provider provides the Trust written notice of such increase at least 90 days prior to the effective date of such increase; such increases occur no more frequently than once per contract year of the Term; and the amount of such increase shall not exceed the lesser of:
(a) the percentage rate of increase for the immediately preceding 12-month period in the Consumer Price Index, All Urban Consumers, United States, All Items (1982 - 1984 = 100), as published by the Bureau of Labor Statistics of the United States Department of Labor or, if such index is not available, such other index as the parties may agree most closely resembles such index; or
(b) three percent (3%).
3.3 Where Services are provided for a fixed Agreement Amount, the total fees for the Services shall be the amount set out in the applicable SOW (the “SOW Agreement Amount”). The total SOW Agreement Amount shall be paid to Provider in installments, as set out in the SOW, with each installment being conditional on Provider achieving the corresponding Project Milestone. On achieving a Project Milestone in respect of which an installment is due, Provider shall issue invoices to the Trust for the fees that are then payable, together with a detailed breakdown of allowable expenses incurred in accordance with this Agreement.
3.4 The SOW Agreement Amount or SOW Fees shall be payable in accordance with the Price and Payment Terms set forth in each SOW f...
Price and Payment Terms. 4.1 The total purchase price for the Rigs shall be United States Dollars One Billion Two Hundred and Fifty-Five Million Five Hundred Thousand (US$1,255,500,000), and the price per Rig as set out in Schedule 1 (the “Rig Purchase Price”).
4.2 A first instalment of the Rig Purchase Price for each Rig in the amount set out in Schedule 1 shall be payable not later than fifteen (15) Business Days from the Effective Date (the “First Instalment”).
4.3 If a Rig is delivered pursuant to a SPA or Construction Contract, the balance of the Rig Purchase Price for each Rig shall be due by the relevant Buyer when its Rig is delivered and shall be settled by way of an interest-bearing secured seller’s credit in the amount set out in Schedule 1 payable [***] the date falling 60 months from the date that Buyer actually takes delivery of its Rig (the “Seller’s Credit”). The terms of the Seller’s Credit are to be set out in each of the SPAs and Construction Contracts.
4.4 For the purpose of clarification and avoidance of doubt, in the event the Buyer takes delivery of the Rig later than the Delivery Date, and such delay in taking delivery is not due to any delay on the part of Seller, the accrual of the interest on the Balance Payment shall commence on the Delivery Date. In the event that a Buyer takes delivery earlier than the Delivery Date, the Balance Payment becomes due and interest starts to accrue on the actual delivery date.
4.5 Each Buyer shall during the period from the Effective Date up to the date on which the last Rig is delivered under this Agreement, place orders worth not less than US$[***] for equipment and spares for its Rig by executing and issuing purchase order forms to the Seller. Each Buyer shall be liable to make an additional payment of [***]% on the value of such purchase orders as administrative charges. If the total value of a Buyer’s orders within this period is less than US$[***], Buyer shall pay to Seller [***]% of the shortfall. Each Buyer shall make payment on its orders within 30 days from the date of Seller’s Invoice.
Price and Payment Terms. The price of the work (unit prices) within the contracted scope implemented pursuant to the terms and conditions laid down hereby was specified on the basis of the bid of the Contractor submitted in the context of the tender as the maximum price (which may be exceeded).
Price and Payment Terms. 5.1 The purchase price for the Object of Purchase is 19 000,- EUR (“Purchase Price”) without value added tax (“VAT”). VAT will be paid in accordance with the applicable legal regulations.
5.2 The Purchase Price cannot be exceeded and includes all costs and expenses of the Seller related to the performance of this Contract. The Purchase Price includes, among others, all expenses related to the handover and acceptance of the Object of Purchase and execution of Related Activities, costs of copyright, insurance, customs, warranty service and any other costs and expenses connected with the performance of this Contract.
5.3 The Purchase Price for the Object of Purchase shall be paid in euro on the basis of a tax document – invoice, to the account of the Seller designated in the invoice. The Purchase Price shall be paid after the Buyer accepts the Object of Purchase.
5.4 The Buyer shall realize payments on the basis of duly issued invoice within 30 days from their receipt (maturity period). The invoice shall be considered to be paid for on the day when the invoiced amount is deducted from the Buyer’s account on behalf of the Seller’s account. To avoid any doubts Parties declare that if on the invoice is stated a maturity period that is shorter than 30 days, then such maturity period may be disregarded by the Buyer.
5.5 The invoice issued by the Seller as a tax document must contain all information required by the applicable laws of the Czech Republic. Invoices issued by the Seller in accordance with this Contract shall contain in particular following information:
a) name and registered office of the Buyer,
b) tax identification number of the Buyer,
c) name and registered office of the Seller,
d) tax identification number of the Seller,
e) registration number of the tax document,
f) scope of the performance (including the reference to this Contract), g) the date of the issue of the tax document,
h) the date of the fulfilment of the Contract,
i) Purchase Price,
j) registration number of this Contract, which the Buyer shall communicate to the Seller based on Seller’s request prior to the issuance of the invoice,
k) declaration that the performance of the Contract is for the purposes of a specific project (the number and the title of the project shall be communicated to the Seller based on Seller’s request prior to the issuance of the invoice).
5.6 In case that the invoice shall not contain the above mentioned information, the Buyer is entitled to return it to the Se...
Price and Payment Terms. 1. Both Contractual Parties have agreed on the Work price in the amount of EUR /fill Contractor/…. and Price for the use of exhibition booth by the Client in the amount of EUR /fill Contractor/…. (Work price and Price for the use of exhibition booth hereinafter jointly referred to as the “Price”). The Price covers all the Contractor’s costs incurred on the execution of the Work, especially the whole scope of work and used materials according to the Client’s instructions and technical documentation under Article II and Annex no. 1 hereof and further all expenses connected with the use of exhibition booth by the Client. The Price includes price for any performance provided upon this Contract. Detailed description of the Price is specified in Annex No. 2 to this Contract.
2. The Contractual parties have agreed that the Price shall be invoiced and paid in EUR as follows: The Contractor will be to invoice the amount of 90% of the Price (EUR ……) in advance within a week from the date of this Works Contract is signed by the last Contractual Party ("Advance Payment") to enable Contractor to mobilize its resources or to make arrangement for execution of work and 10% of the Price (EUR…….) after signing of the report of demounting and removing the booth according to Article IV.7 of this Contract. This report signed by the Contractual Parties shall be attached to the respective invoice.
3. Any invoice issued by the Contractor shall be payable within 30 days following its delivery to the Client. The Client agrees to pay the Price based on the invoice received. Should the due date of payment fall on a day when bank transfers are not performed (incl. weekends and Bank or National Holidays in the Czech Republic), the due date will thus be considered the immediately following work day. Should the Client be in delay with paying its commitments to the Contractor, the Contractor is entitled to claim contractual default interest in the amount of 0.02% (in words: two hundredths of a percent) of the amount owed for each day of delay.
4. The invoice must comply with all requirements of a document stipulated by relevant law and by this Contract, as well as content all factually correct data regarding the performance provided pursuant to this Contract. The invoice must be sent to: Czech Airlines Technics, a. s., Central registration of invoices, Xxxx Xxxxxxx 0000/0, 000 00 Xxxxxx 0, Xxxxx Xxxxxxxx or the invoice can be sent in pdf format via e-mail to: xxxxxxx@xxxxxxxxxxx.xxx. Invo...
Price and Payment Terms. If no price is specified on this Purchase Order, the goods and/or services furnished hereunder shall be billed at the price last quoted to Buyer, or at the prevailing market price, whichever is lower. Seller warrants to Buyer that the prices herein provided are not higher than the lowest net prices at which Seller is selling or offering to sell like materials to any other Seller customer. If, on or before the date of delivery of any materials ordered hereunder, Seller shall sell or offer to sell the same or like materials at a lower net price, this Purchase Order shall be deemed so modified to reflect such lower price. Buyer will only reimburse those out-of pocket expenses that are reasonable, necessary and expressly authorized on the face of this Purchase Order or otherwise in writing. All such expenses shall be billed at actual cost and, for expenses in excess of $25.00 must be supported by receipts or other appropriate documentation. If a cash discount period is noted on the invoice and/or this Purchase Order, such cash discount period shall be computed as commencing with receipt of invoice or goods, whichever is received later. Payment will be due net ninety (90) days unless negotiated with Novartis Procurement and its delegates, after the (i) receipt of the invoice by Buyer or (ii) acceptance of the goods or services by Buyer, whichever is later, unless such payment is in dispute. Unless otherwise stated in this Purchase Order, no charge will be allowed for packing, boxing, cartage, or insurance, and Seller shall prepay and absorb all shipping charges.
Price and Payment Terms. 2.1 The pricing for the Products for each Contract Year shall be as set forth on Appendix C attached hereto and incorporated herein by reference (“Contract Price”). Smart Sand agrees that all Products ordered by EOG will be loaded onto EOG supplied railcars and shipped as specified in the purchase order or other mutually agreeable documentation, provided, however, that (i) EOG agrees to comply with all reasonable freight scheduling mechanisms and timeframes designated by Smart Sand in writing to EOG from time to time, and (ii) all railcars supplied by EOG will be set up to receive unpackaged Products, and delivery of the Products shall occur upon the transfer of Products into the applicable railcar via a delivery chute. Delivery will be, and all prices are quoted, FCA Smart Sand’s rail spur facility located in Oakdale, Wisconsin, Incoterms 2010. For the avoidance of doubt, all rail and shipping costs, including, without limitation, insurance costs, shall be borne exclusively by EOG. The Contract Price shall be subject to adjustments implemented during the Term in accordance with the terms set forth in Appendix C.
2.2 Unless separately stated otherwise on an invoice, prices quoted by Smart Sand do not include sales, VAT, use or similar taxes. And such taxes, fees, duties, and customs charges imposed on Smart Sand, except for income, profits, franchise or other such taxes, in the country or area of operations shall be reimbursed to Smart Sand by EOG, unless an exemption from the Wisconsin state and local sales tax is applicable. The provisions of this clause shall continue after termination of this Agreement.
2.3 Smart Sand shall invoice EOG upon shipment of Products. Payment by EOG shall be due and payable within *** after the date of invoice. Past due invoices are subject to a monthly service charge at a rate equal to the lesser of *** per month or the maximum rate from time to time permitted by applicable law.
2.4 Upon placing this instrument with an attorney for collection of undisputed past due payments or repossession of Products, EOG shall reimburse Smart Sand for reasonable attorneys’ fees, court costs, and other taxable expenses incurred by Smart Sand to enforce the terms and conditions stated herein.
Price and Payment Terms. 3.1. The Customer shall pay the Supplier the unit price for Gas supply in accordance with the Supplier’s Offer or, in the case of the so called sequential purchase, the unit price of Gas calculated according to the Supplier’s Offer, Customer’s Bid and the Exchange Rules of PXE for the Commodity Market of End Customers (CZ). The unit price of Gas is stipulated as fixed for the whole supply period. However, if the Customer stipulated in the Bid that it would fixate the price for each of the partial supply period individually, then the unit price of Gas shall be determined for each of the partial supply period separately.. The agreed unit price shall be final and may not be exceeded. The provisions of this paragraph are without prejudice to the provisions of paragraph 2.1. and 2.2 hereof.
3.2. In Gas supply billing, the Supplier may only add the following to the unit price of Gas:
a) VAT;
b) other applicable taxes under applicable legal regulations.
3.3. In addition to the price of Gas, the Supplier may require the Customer to pay (i) the price for regulated services under the binding price conditions stipulated by the Energy Regulatory Office, in force at the time of supply, and (ii) the fees that the Supplier has been charged by the distribution system operator for paid services required by the Customer (e.g. a fee paid to the distribution system operator for extraordinary billing or extraordinary reading). The Supplier may not charge the Customer any other payments unless otherwise stipulated herein.
3.4. The Supplier shall charge the Customer the actual price for Gas supply to supply points in a bill drawn up in accordance with the applicable legal regulations, based on the quantity of Gas actually consumed in MWh at the contractual unit prices, taking into account the advances paid and the possible exceeding of the Tolerance.
3.5. The billing period for which the Supplier charges the Customer for the actual Gas supply shall be determined by regular meter readings by the distribution system operator. The Customer may agree, in the Bid, a billing period shorter than that determined in such a manner, but not shorter than a calendar month.
3.6. The period of advance payments for supply and their individual amounts (in % of the expected annual, quarterly or monthly consumption) shall be stipulated in the Bid. The Supplier shall confirm such defined advances for the Customer by sending an advance payment schedule.
3.7. The Customer that has agreed a shorter bi...
Price and Payment Terms. 5.1. The price for the Goods or Services will be set out in the Purchase Order. The price set out in the Purchase Order includes all expenses, costs and fees incurred by the Supplier and will exhaust all the financial claims of the Supplier, its employees and subcontractors on account of performing the Agreement, and GSK’s use of the Works delivered as part of the Agreement in accordance therewith. Any increase of the price, regardless of its cause, requires GSK’s express, prior consent, in writing, or will not be valid.
5.2. The price set out in the Purchase Order is a net amount and does not include VAT; however, it includes all other public levies, in particular customs and taxes, including the withholding tax. Within 14 days of delivering GSK’s request to the Supplier, the Supplier will provide GSK with an original certificate of residence referring to the Supplier. If this document is not delivered to GSK, or if it is delivered after the deadline, all consequences of such an event will be borne by the Supplier. This refers, in particular, to GSK’s failure to apply a tax rate resulting from a relevant international convention.
5.3. If the Supplier transfers Intellectual Property Rights to GSK, or grants GSK a licence for them, the price set out in the Purchase Order will include remuneration on this account (in respect of all areas of application resulting from the Agreement and regardless of the benefits that GSK will receive from exploiting a given object of Intellectual Property Rights), including all costs that the Supplier incurred in connection with obtaining licences making it possible to perform the Agreement within this scope. In addition, the Supplier has an obligation to indicate on the invoice the price for transferring Intellectual Property Rights or granting a licence with regard to them as a separate amount. If the Agreement does not set out the amount on this account, the amount will be 10% of the price specified in the Purchase Order and will be deemed included in this price.
5.4. Unless the Agreement or mandatory laws provide otherwise, the Supplier will issue an invoice or GSK will pay the price to the Supplier only after all Goods ordered are delivered or after the Service has been entirely performed, and the above circumstances are confirmed by GSK in writing. The payment will be made by GSK within 60 days of the Supplier delivering to GSK a correctly issued invoice.
5.5. All invoices issued by the Supplier must include the number ...
Price and Payment Terms. (a) The prices for Products delivered in the Initial Quarter will be calculated in accordance with Section 12.2 and included in Exhibit A. As of the Effective Date, Exhibit A will reflect interim prices based upon agreed estimates of the BOM Value at Closing and the Initial Overhead for Products to be manufactured by Flextronics in the United States and in Ireland. On or before March 31, 2000, or such other date as the Parties may agree, Exhibit A will be amended to reflect prices for Products delivered in the Initial Quarter based upon the actual BOM Value at Closing and the Initial Overhead. As of the date on which Exhibit A is amended all outstanding Purchase Orders and invoices shall automatically be amended to reflect the revised pricing, and within ten (10) Business Days following the date on which Exhibit A is amended Customer will provide Flextronics with a reconciliation statement showing the net difference between prior payments for Products at the interim prices and the prices for Products reflected in Exhibit A as amended. The amount of the difference shall be paid by Customer to Flextronics or paid by Flextronics to Customer, as appropriate, within five (5) Business Days after the date of the reconciliation statement.
(b) The prices for Products delivered in subsequent Quarters shall be calculated in accordance with Section 12.3, an example calculation of which is illustrated in Exhibit D. The prices for any supplemental services relating to new products shall be determined in accordance with Section 7.1, and the prices for any other supplemental services, e.g., special manufacturing or delivery requests, shall be negotiated and agreed by the Parties. Then-current Product prices will be stated on the Purchase Orders issued by Customer and accepted by Flextronics. All prices are exclusive of federal, state and local excise, sales, use and similar taxes, and any duties, and Customer shall be responsible for all such items. Payment for any Products, services or other costs to be paid by Customer hereunder is due five (5) days net from the date of invoice which shall be the day the Product is shipped pursuant to Section 4.1 and shall be made in lawful U.S. currency by wire transfer in accordance with instructions provided from time to time by Flextronics. Customer agrees to pay 1.5% monthly interest on all payments past due more than thirty (30) days from the date of invoice. Furthermore, if Customer is late with payments, or Flextronics has reaso...
