Common use of Price and Terms of Payment Clause in Contracts

Price and Terms of Payment. 4.1 The Subscription Fee for the License to the Service is according to Zensai’s current price list and based on the number of User Licenses subscribed for by the Customer. The Subscription Fee for the Support Services are based on the level of Helpdesk Service which the Customer sign on to, under the current price list. 4.2 The Subscription Fees are pre-paid and shall be invoiced as stated in the Quote and, thereafter, unless otherwise defined in the Quote, for annual payments of Subscription Fees on each subsequent anniversary of the initial invoicing for the coming 12 months period. Paid Subscription Fees are non-refundable. 4.3 Payment terms are 30 days after invoice date, unless otherwise stated in the Quote. Overdue amounts will be charged at an interest rate of 1% per month or the maximum rate permitted by law when lower, from the date such payment was due until the date paid. 4.4 The Parties may agree on other fees and payment terms if stated in the Quote, a Quote to renew a Subscription, or in an appendix to the Quote.

Price and Terms of Payment. 4.1 The Subscription Fee for the License to the Service is according to ZensaiEFI’s current price list and based on the number of User Licenses subscribed for by the Customer. The Subscription Fee for the Support Services are based on the level of Helpdesk Service which the Customer sign on to, under the current price list. 4.2 The Subscription Fees are pre-paid and shall be invoiced as stated in the Quote and, thereafter, unless otherwise defined in the Quote, for annual payments of Subscription Fees on each subsequent anniversary of the initial invoicing for the coming 12 months period. Paid Subscription Fees are non-refundable. 4.3 Payment terms are 30 days after invoice date, unless otherwise stated in the Quote. Overdue amounts will be charged at an interest rate of 1% per month or the maximum rate permitted by law when lower, from the date such payment was due until the date paid. 4.4 The Parties may agree on other fees and payment terms if stated in the Quote, a Quote to renew a Subscription, or in an appendix to the Quote.