Prices Invoicing Payments Sample Clauses

Prices Invoicing Payments. The lease fee is based on the normal use of the equipment during a maximum of 8 hours per working day or 38 hours per week; the crane operator is not included in the lease fee. If work with the crane is performed in more than one shift, a supplement will be charged of 50% of the lease fee for 2 shifts and 100% for 3 shifts. The lease fee is calculated on a weekly basis. Even if the equipment is not leased for a full week, the lease fee for an entire week will be charged. The lessor shall issue an invoice for the lease fee every 4 weeks: the first on the date on which the equipment departs from the premises where the lessor’s rental equipment is stored, and all subsequent invoices every 4 weeks. The invoices are payable within 30 days. Any invoice not paid on its due date yields interests at a rate of 10% per year without prior notice. In case of (partial) non-payment of the invoice amount on the due date, the balance will be increased by 12% by way of fixed compensation, with a minimum of € 125. This fixed compensation is also payable if periods of grace are granted. If the equipment is not used during a maximum period of 3 weeks in summer due to the official construction industry holidays and 2 weeks in winter due to periods of frost, the lease fee shall be calculated at 50% of the contractual lease fee as from the 11th working day. For the calculation of this discount, the lease fee for one working day is considered to equal 20% of the weekly lease fee. The periods of inactivity due to frost are determined by the meteorological services in consultation with the Belgian Construction Federation and are to be attached to the written request by the lessee. Use of radio remote control: In case of malfunctions caused by external factors, all costs (including working hours and travel expenses) caused by an intervention by the lessor shall be paid by the lessee. The costs for the repair of damage caused by external factors will also be charged to the lessee. Invoices that are not contested by registered post at the latest 8 days after they are sent, shall be deemed to be accepted.
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Prices Invoicing Payments 
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Related to Prices Invoicing Payments

  • Invoicing; Payment All invoicing and payment for services performed under this Contract shall be as specified in Attachment B, hereto.

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  • Advance Payments Payments made by the Borrower to satisfy future installments must be accounted for as prepaid installments of principal and interest. The Servicer should contact the Borrower if there is a question about the Borrower's intention in making any unscheduled payment.

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  • Account Fees The Company, by resolution of the Board of Directors, including a majority of the Independent Directors, may from time to time authorize the imposition of a fee as a direct charge against shareholder accounts of any class of one or more of the Funds, such fee to be retained by the Company or to be paid to the Investment Manager to defray expenses which would otherwise be paid by the Investment Manager in accordance with the provisions of paragraph 4 of this Agreement. At least sixty days prior written notice of the intent to impose such fee must be given to the shareholders of the affected Fund or Fund class.

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