Price for Performance. 1. The price for the generating and issuance of UIs was set by the Issuer in the amount of 49,90 CZK/ 1 000 UIs without VAT (hereinafter referred to as “Price”). The total Price shall be invoiced according to the exact number of UIs handed over within the meaning of Article IV (2) hereof.
2. The Price includes all costs of the Issuer related to ensuring of generating and issuance of UIs hereunder.
3. From 2024 on, the Issuer shall be entitled to increase the Price every year by the annual inflation rate expressed as an increment of the average consumer price index in the Czech Republic for the previous calendar year published by the Czech Statistical Office, which expresses a percentage change in the average price level for the period of previous 12 months (hereinafter referred to as “Index”). The amount of the Price as at the day of signing hereof or the amount of the Price as at the day of the last previous Price increase shall be considered the basis. To avoid doubt, the Contracting Parties agree that the Price will never be reduced by the Index as defined above.
4. The Issuer shall deliver to the Ordering Party a written notification of the Price increase by 31 January of the calendar year during which the Price is to be increased. The new Price shall apply to Orders delivered after the delivery of the written notification of the Price increase to the Ordering Party.
5. The Price of UIs was calculated by the Issuer supposing that UIs will be issued in the “place of destination” regime within the meaning of Article I (4) hereof. The Issuer reserves the right to modify the Price if that condition or a similar one which was not known at the moment of signing hereof and which will have a major influence on the number of UIs issued change; the Price can also be modified in the event of an amendment to the applicable European or Czech legislation requiring higher costs of ensuring of the Issuer’s activities in compliance with the new legislation as well a related changes in the volume of technical work or changes in the System operated by the Issuer. Referring to Article XII (6), the Contracting Parties undertake to start negotiating about a change modification in that respect.
6. VAT invoicingis governed by legal regulations applicable at the moment of the taxable performance.
7. The Issuer may issue an invoice for the Price pursuant to Article V (1) in EURO from the month following the receipt of the Customer's written request, for the purposes of invoicin...
