PRICES 4. 1 The Prices per Launch Vehicle at the agreed Shipping Terms will be determined on "arm´s length terms" applying the cost plus method and are set forth in Schedule 1. 5. PAYMENT TERMS 5.1 Seller will invoice Buyer in the form of invoice as agreed by Xxxxx and Seller when the Launch Vehicle leaves the Seller’s stock location. Invoices may be generated electronically; provided however that Buyer may request hard-copy summary invoices that total batches of individual invoices over a specified period, in order to satisfy VAT and Customs reporting requirements. 5.2 Payment terms are [***] days after date of invoice. Buyer will pay Seller for the invoice in accordance with that. 5.3 Payment of all invoiced amounts will be in SEK, or such other currency as Buyer and Seller may agree, and against an invoice issued to Buyer by Seller. Agreement No.: PS22-059 5.4 Payment made later than the due date will automatically be subject to interest for late payments for each day it is not paid and the interest shall be [***]. 5.5 VAT is chargeable on all invoiced amounts only where required by local law and shall be borne by the Buyer. Buyer may appoint an affiliate or Third Party to handle the requisite VAT registration and recovery. Seller shall apply for VAT exemption, credit and refund for exporting goods when selling to Buyer. 5.6 Any bank charges in connection with payment by Buyer to Seller shall be paid or reimbursed by Xxxxx. 5.7 If Seller, pursuant to the General Terms, appoints its Affiliates and/or subcontractors to perform its obligations under this Agreement, Seller shall include the costs relating to such work in the invoices to Buyer. 6.
PRICES 4. 1 The Prices per Launch Vehicle at the agreed Shipping Terms will be determined on "arm´s length terms" applying the cost plus method and are set forth in Schedule 1. 5.
PRICES 4. 1 The unit Prices to be paid by Viatel for each item of Equipment, Software and Services purchased under this Agreement shall be those set forth in Annex C. The total price for the Equipment, Software and Services necessary to implement the Circe Network shall be set forth in Annex D. 4.2 Unless the Parties agree otherwise, the Prices include Delivery on DDP European Union Site (INCOTERMS 1990) terms and unloading at the applicable sites. Based upon the principle that at the date of this Agreement, sales between member states of the European Union do not attract import duties or sales taxes other than Value Added Tax, DDP terms will be subject to review should this change. 4.3 Where sales take place which are on terms other than those specified in Sub-clause 4.2 above, Viatel shall, at Nortel's direction, promptly reimburse Nortel or pay directly to the applicable government or taxing authority all taxes and charges arising hereunder, except for taxes computed upon the net income of Nortel. This shall include Value Added Tax and taxes on Services which are not included in the Total Price by virtue of the relevant INCOTERM. Viatel's obligations pursuant to this Clause 4 shall survive any termination of this Agreement. 5. ORDERING PROCESS The following procedure shall apply to Equipment and related Services to be supplied and installed by Nortel hereunder: 5.1 The specific terms for the purchase of Equipment by Viatel are set forth in this Agreement. Orders shall reference this Agreement and shall be governed solely by the terms and conditions set forth herein and in Annex A hereto. Orders shall specify the Viatel Site address to which the foregoing are to be delivered, the
