Price and Payment Terms. 3.1 In consideration of the provision of 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 SOW Agreement Amount or SOW Fees as defined in and set forth in each executed 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 hourly fee rates as set forth in the executed SOW, or if no hourly fee rates are {P0398105.10} specified in the SOW, then in accordance with the hourly fee rates set forth in Provider’s Proposal, which rates in all cases include all wages, taxes, overhead, general and administrative expenses, and profit. Services shall be provided by the personnel designated in the SOW or Proposal and Provider shall not increase the hourly fee rates unless expressly agreed in writing in advance by the Trust. The Trust will reimburse Provider for reasonable and necessary direct costs and expenses, without xxxx-up. Provider shall exercise best efforts to perform and deliver the Services in the most efficient and cost effective manner, assigning only that level of staffing as is reasonably necessary to perform the particular task(s) at issue. Provider agrees to implement reasonable cost control measures so as to enable the full performance of Services as specified in an SOW within the Trust’s specified not to exceed SOW Fee. Provider shall issue invoices to the Trust monthly in arrears for its fees for the immediately preceding month, together with a detailed breakdown of allowable expenses for such month incurred in accordance with this Agreement. The total payments to Provider for Services specified in an executed SOW shall not exceed the SOW Fee set forth in the SOW unless expressly authorized in advance by the Trust through a written SOW Modification Memorandum. The parties agree that after the initial 24 months of the Term, for Services provided on a time and materials basis, Provider may increase its standard hourly fee rates specified in the applicable SOW upon written notice to the Trust; provided, that:
(i) Provider provides the Trust written notice of such increase at least 90 days prior to the effective date of such increase;
(ii) such increases occur no more frequently than once per contract year; and
(iii) the amount of such increase shall n...
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. The purchase price for the Object of Purchase is 289.730,00 EUR (€ two hundred eighty-nine thousand seven hundred thirty/00) without value added tax (“Purchase Price”). 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 of the Object of Purchase and execution of Related Activities, costs of licenses, shipping insurance, warranty service and any other costs and expenses connected with the performance of this Contract. The Purchase Price may be changed only if: in the period between the conclusion of this Contract and the signature of the handover protocol the rates of VAT are changed (in such a case the new price for the Object of Purchase shall only reflect the new rate of VAT) or if the change is done in accordance with the act No. 134/2016 Coll., on Public Procurement Awarding. The Purchase Price for the Object of Purchase shall be paid in EUR on the basis of a tax documents – invoices, to the account of the Seller designated in the invoice. The Buyer shall realize payments on the basis of duly issued invoices within 30 days from their receipt. 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. 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: name and registered office of the Buyer, tax identification number of the Buyer, name and registered office of the Seller, tax identification number of the Seller, registration number of the tax document, scope of the performance (including the reference to this Contract), the date of the issue of the tax document, the date of the fulfilment of the Contract,
i) Purchase Price (must be corresponding with the price in Order and Quotation),
j) Identification of Buyer’s order,
k) Identification of the project on the basis of which this contract is implemented, i.e. project No: CZ.02.1.01/0.0/0.0/16_019/0000765 and must comply with the double tax avoidance agreements, if applicable. In case that the invoice shall not contain the above mentioned information, the Buyer is entitled to return it to the Seller during it maturity period and this shall not be considered ...
Price and Payment Terms. 1. Both Contractual Parties have agreed on the Work price in the amount of USD ………. (hereinafter 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 material according to the Client’s instructions and technical documentation given in Article II of this Contract and in Annex no. 1 to the same. Detailed description of Price is specified in Annex No. 2 to this Contract.
2. Contractual parties have agreed that the Price shall be invoiced and paid in USD as follows: The Contractor shall be entitled to invoice the amount of 100% of the Price (USD ………) after signing of the acceptance report according to Article IV.1 of this Contract.
3. The invoice issued by the Contractor shall be payable within 30 days following its delivery to the Client. The Client agrees to pay the price of the Work 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.
4. The invoice must comply with all requirements of a document stipulated by relevant law, as well as content all factually correct data regarding the Work. The invoice must be sent to: Letiště Praha, a. s., Evidence faktur, Xxxx Kašpara 1069/1, 160 08 Xxxxx 0, Xxxxx Xxxxxxxx or the invoice can be sent via email to: xxxxxxxx@xxx.xxxx. Invoice issued based on this Contract must contain the Contract reference number. In case the invoice fails to show the above data or is incorrect in any other aspect, it will be returned to the Contractor for rectification. Upon receipt of each invoice, the Client has 10 days for assessing its completeness and flawlessness and for returning it. In case an invoice is returned to the Contractor, the payment term stops running on the date the invoice is sent back and reassumes only upon return of the corrected invoice.
5. The date of payment is considered the date on which the funds are deducted from the Client’s bank account.
6. Form of payment: via bank transfer to the Contractor’s bank account. Contractor’s bank details: Bank Name: …………………… Bank Address: ……………………. SWIFT (B.I.C): …………………… Bank Code: …………………...
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 Electricity supply in accordance with the Supplier’s Offer or, in the case of the so called sequential purchase, the unit price of Electricity 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 Electricity 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 Electricity 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 Electricity supply billing, the Supplier may only add the following to the unit price of Electricity:
a) VAT;
b) other applicable taxes under applicable legal regulations.
3.3. In addition to the price of Electricity, 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 Electricity supply to supply points in a bill drawn up in accordance with the applicable legal regulations, based on the quantity of Electricity 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 Electricity supply shall be determined by regular meter readings by the distribution system operator. The Customer may agree a billing period shorter than that determined in such a manner, but not shorter than a calendar month. If the amount of Electricity consumed is measured by continuous metering, the billing period shall always be a calendar month.
3.6. The period of advance payments for supply and their individual amounts (in % of the expected annual, quarterly or monthly cons...
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...
