Purchase Price and Terms of Payment. 1) The Buyer agrees to pay the Seller the purchase price specified in the Contract for the duly delivered Subject of Purchase. The purchase price specified in the Contract is fixed and final and includes all costs of the Seller related to the performance of the Seller’s obligations under the Contract, including, without limitation, the costs of acquisition of the Subject of Purchase including the costs of its manufacture, costs of transportation of the Subject of Purchase to the place of performance, taxes, customs and fees including recycling fees, costs of documents pertaining to the Subject of Purchase, costs of disposal of waste generated in connection with the handover of the Subject of Purchase, taking account of all risks and effects that may arise during the performance of the obligations under the Contract. 2) The purchase price may be changed only by means of an amendment to the Contract, only if this is expressly required by the Buyer. Any change in the purchase price shall be made in accordance with Act No. 134/2016 Coll., on public procurement, as amended. 3) The Seller hereby assumes the risk of a change in circumstances in terms of Section 1765 (2) of the Civil Code. 4) The Buyer agrees to pay the purchase price by wire transfer into the Seller’s bank account on the basis of a tax receipt- invoice issued by the Seller and delivered to the Buyer. The Seller has the right to issue and send an invoice on the date when the Subject of Purchase is taken over by the Buyer at the earliest. The Buyer does not provide any advance payments. 5) A tax receipt-invoice must always contain all statutory and agreed requisites, including, without limitation a) the requisites of a tax receipt in accordance with Act No. 235/2004 Coll., on value added tax, as amended (hereinafter the “VAT Act”); b) the requisites of a tax receipt set out in Act No. 563/1991 Coll., on accounting, as amended; c) the requisites of a business instrument pursuant to Section 435 of the Civil Code; d) the period of maturity; e) the Seller’s bank details; and f) name and registration number of the project if the Subject of Purchase is (co)financed from subsidies. 6) A tax receipt-invoice must contain a separate item for delivery of investment goods and a separate item for delivery of non- investment goods. 7) If a tax receipt-invoice fails to contain the above requisites or if the above requisites are specified incorrectly, the Buyer is not obliged to perform on the basis of the tax receipt-invoice and may return the document to the Seller for correction within ten days of the date of its delivery. In the returned tax receipt-invoice, the Buyer shall specify the reason for returning thereof. A new period of maturity shall commence after delivery of a corrected or newly issued tax receipt- invoice. 8) If a tax receipt-invoice fails to contain the prescribed requisites and this fact remains unknown until it is ascertained by the competent tax authority or some other authority authorised to carry out inspections at the Seller or Buyer, all the ensuing consequences shall be borne by the Seller. 9) Unless agreed otherwise in the Contract, a tax receipt shall be payable within 30 days of its delivery to the Buyer. 10) If the Seller is published as an unreliable payer in a manner enabling remote access by the date of taxable performance, the Buyer may pay a part of the purchase price in the amount of the value added tax, or the value added tax, as appropriate, directly to the tax authority competent for the tax in question, in accordance with Section 109a of the Value Added Tax Act. If the Buyer uses this procedure, i.e. the Buyer pays part of the purchase price corresponding to the value added tax directly to the tax authority and simultaneously pays a part of the purchase price to the Seller, the Buyer will be deemed to have performed its obligation to pay the purchase price under the Contract to the Seller. 11) If the Buyer withdraws from the Contract and the Seller has issued a tax receipt-invoice by the time of the withdrawal, the Seller is obliged, not later than 10 days of the Buyer’s withdrawal, to issue and deliver to the Buyer a credit note. If the Seller has not yet issued the tax receipt-invoice by the time when the Buyer withdraws from the Contract, the Seller may not issue it any more.
Appears in 1 contract
Samples: Purchase Contract
Purchase Price and Terms of Payment. 1) 6.1 The Buyer agrees to pay the Seller the purchase price specified in the Contract for the duly delivered Subject of Purchase. The purchase price specified in the Contract is fixed and final and includes all costs of the Seller related to the performance of the Seller’s obligations under the Contract, including, Purchase Price shall be determined without limitation, the costs of acquisition of the Subject of Purchase including the costs of its manufacture, costs of transportation of the Subject of Purchase to the place of performance, taxes, customs duties, insurance and fees including recycling feestransportation costs, costs of documents pertaining which will be charged separately to the Subject Buyer (even for partial performance), usually in the contractor invoice (the content of Purchase, costs of disposal of waste generated in connection with the handover of the Subject of Purchase, taking account of all risks and effects that may arise during the performance of the obligations under the Contract.
2) The purchase price may which shall be changed only by means of an amendment to the Contract, only if this is expressly required determined by the Buyer. Any change in the purchase price shall be made in accordance with Act No. 134/2016 Coll., on public procurement, as amended.
3Seller) The Seller hereby assumes the risk of a change in circumstances in terms of Section 1765 (2) of the Civil Code.
4) The Buyer agrees to pay the purchase price by wire transfer into the Seller’s bank account on the basis of a tax receipt- invoice issued unless agreed otherwise by the Seller and Buyer.
6.2 The Seller is entitled to require a deposit of 40 % of the total Purchase Price. The deposit may be charged at any time after the conclusion of the Purchase Agreement. If during the term of the Purchase Agreement reasonable doubts arise as to whether the Buyer duly fulfills its obligations (in particular to properly pay the entire Purchase Price) and if the Buyer does not provide reasonable assurance at the Seller's request, the Seller may require a deposit of 100 % of the total Purchase Price.
6.3 Unless agreed otherwise in individual cases, invoices (tax documents) for the delivered Goods shall be due within fourteen (14) days of the date of sending the invoice to the BuyerBuyer by bank transfer to the account of the Seller specified in the tax document. The Payment by xxxx of exchange, cheque or other means than by bank transfer to the Seller's account is possible only with the written consent of the Seller. Payment shall be deemed to have been made when the respective payment is credited to the bank account of the Seller.
6.4 If the agreed deposit or full Purchase Price is not paid, the Seller has the right to issue suspend the commencement of manufacturing, purchase of material and send an invoice on other preparatory and implementation activities, including further performance, without the date when Buyer having any right to any compensation for damaged caused by such a delayed performance.
6.5 The Buyer is not entitled to withhold or refuse payment of the Subject of Purchase is taken over Price or a part thereof in due time due to the incorrectly issued tax document (invoice) by the Buyer at the earliestSeller. The Buyer does not provide any advance payments.
5) A tax receipt-invoice must always contain all statutory and agreed requisites, including, without limitation
a) the requisites of In such a tax receipt in accordance with Act No. 235/2004 Coll., on value added tax, as amended (hereinafter the “VAT Act”);
b) the requisites of a tax receipt set out in Act No. 563/1991 Coll., on accounting, as amended;
c) the requisites of a business instrument pursuant to Section 435 of the Civil Code;
d) the period of maturity;
e) the Seller’s bank details; and
f) name and registration number of the project if the Subject of Purchase is (co)financed from subsidies.
6) A tax receipt-invoice must contain a separate item for delivery of investment goods and a separate item for delivery of non- investment goods.
7) If a tax receipt-invoice fails to contain the above requisites or if the above requisites are specified incorrectlycase, the Buyer is not obliged to perform on the basis of the tax receipt-invoice and may return the document to immediately notify the Seller for correction within ten days of in writing, and the date of its delivery. In Seller shall issue and deliver the returned corrected tax receipt-document (invoice, ) without undue delay.
6.6 Filling a complaint does not give the Buyer shall specify the reason for returning thereof. A new period of maturity shall commence after delivery of a corrected or newly issued tax receipt- invoice.
8) If a tax receipt-invoice fails right to contain the prescribed requisites and this fact remains unknown until it is ascertained by the competent tax authority or some other authority authorised to carry out inspections at the Seller or Buyer, all the ensuing consequences shall be borne by the Seller.
9) Unless agreed otherwise in the Contract, a tax receipt shall be payable within 30 days of its delivery to the Buyer.
10) If the Seller is published as an unreliable payer in a manner enabling remote access by the date of taxable performance, the Buyer may pay a part of the purchase price in the amount of the value added tax, or the value added tax, as appropriate, directly to the tax authority competent for the tax in question, in accordance with Section 109a of the Value Added Tax Act. If the Buyer uses this procedure, i.e. the Buyer pays part of the purchase price corresponding to the value added tax directly to the tax authority and simultaneously pays a part of the purchase price to the Seller, the Buyer will be deemed to have performed its obligation to pay the purchase price under the Contract suspend any payments to the Seller.
11) If 6.7 Payments received by the Seller from the Buyer withdraws from shall always be used first to cover the Contract and the Seller has issued a tax receipt-invoice by the time outstanding obligations of the withdrawal, Buyer and only then for the Seller is obliged, not later than 10 days purpose specified in the payment documents.
6.8 In the event of default in payment of the Buyer’s withdrawalobligations, to issue and deliver to the Buyer undertakes to pay the Seller interest on late payment amounting to 0.05 % of the debt incurred for each day of delay if the Buyer is in default for a credit noteperiod of up to 30 days and amounting to 0.5 % of the outstanding amount for each day of delay if the Buyer is in default for more than 30 days.
6.9 The Seller is entitled at any time to assign all account receivable or any part thereof from the Buyer that is overdue to a third party. The Buyer may only assign its accounts receivable from the Seller with the written consent of the Seller.
6.10 The Seller is entitled to set off any of its accounts receivable from the Buyer against the accounts receivable of the Buyer from the Seller based on the Purchase Agreement. The Buyer may only set off any of its accounts receivable from the Seller against the accounts receivable of the Seller from the Buyer under the Purchase Agreement with the written consent of the Seller
6.11 If the Seller has not yet issued price is determined in the tax receipt-invoice agreement in a foreign currency and the CZK exchange rate or the exchange rate of the Czech National Bank changes by more than ± 3 % as of the time when date of performance of the Buyer withdraws from the ContractPurchase Agreement, the Seller may not issue it any morechange the price of the Goods by a percentage corresponding to the change in the exchange rate exceeding 3 %.
Appears in 1 contract
Samples: General Terms and Conditions
Purchase Price and Terms of Payment. 1) The Buyer agrees to pay the Seller the purchase price specified to be paid by Buyer to Seller for the Premises shall be the sum of Four Million Seven Hundred Thirty-One Thousand ($4,731,000) Dollars, the entire amount of which is included in the Contract for principal of the duly Promissory Note (Balance) (as defined in the Asset Purchase Agreement) delivered Subject of Purchaseby Buyer to Seller at Closing pursuant to the Asset Purchase Agreement. The Promissory Note (Balance) will be secured by the Mortgage encumbering the Premises, which also is to be delivered by Buyer to Seller at Closing pursuant to the Asset Purchase Agreement. The purchase price specified in is allocated $2,200,000 to land and the Contract is fixed balance to buildings and final and includes all costs of the Seller related improvements. CONDITION OF TITLE Title to the performance Premises shall be conveyed by Seller by good and sufficient special warranty deed, describing the Real Property as set forth in Exhibit "A" free and clear of the Seller’s obligations under the Contractall liens, includingencumbrances, without limitationeasements, the costs restrictions, leases, tenancies and other rights of acquisition of the Subject of Purchase including the costs of its manufacture, costs of transportation of the Subject of Purchase use or occupancy and objections except those title exceptions set forth on Exhibit "B" attached hereto and made a part hereof. Title to the place Premises shall be conveyed in fee simple and shall be good and marketable and insurable for the benefit of performanceBuyer as such at regular rates by Chicago Title Insurance Corporation (the "Title Company"), taxessubject only to those title exceptions set forth on Exhibit "B" but not subject to any exception or exclusion for so-called "mechanic liens" or "creditors rights." If Closing occurs, customs search and fees including recycling feestitle insurance costs shall be paid by Buyer. If, costs of documents pertaining at or before Closing, it appears that the Premises may be or is subject to monetary encumbrances, mechanics' or material men's liens, Seller shall at Seller's cost and expense, pay all liens or at Seller's option Seller shall provide the Title Company with such assurances as Title Company may require in order for Title Company to remove said items as exceptions to Buyer's title insurance policy. In the event title to the Subject of Purchase, costs of disposal of waste generated in connection with the handover of the Subject of Purchase, taking account of all risks and effects that may arise during the performance of the obligations under the Contract.
2) The purchase price may be changed only by means of an amendment to the Contract, only if this is expressly required by the Buyer. Any change in the purchase price shall be made Premises in accordance with Act Nothis Agreement cannot be conveyed by Seller, for reasons other than a monetary lien or liens, Buyer shall have the option of taking such title as Seller can give, without abatement of price or, in the alternative, of terminating this Agreement, whereupon neither party shall have any further rights, duties or obligations under this Agreement. 134/2016 Coll.Seller shall discharge all monetary liens against the Premises on or before Closing hereunder. Nothing contained in this paragraph however, on public procurement, as amended.
3) The Seller hereby assumes the risk of a change in circumstances in terms of Section 1765 (2) of the Civil Code.
4) The Buyer agrees to pay the purchase price by wire transfer into the Seller’s bank account on the basis of a tax receipt- invoice issued by shall relieve the Seller and delivered to the Buyer. The Seller has the right to issue and send an invoice on the date when the Subject of Purchase is taken over by the Buyer at the earliest. The Buyer does not provide any advance payments.
5) A tax receipt-invoice must always contain all statutory and agreed requisites, including, without limitation
a) the requisites of a tax receipt in accordance with Act No. 235/2004 Coll., on value added tax, as amended (hereinafter the “VAT Act”);
b) the requisites of a tax receipt set out in Act No. 563/1991 Coll., on accounting, as amended;
c) the requisites of a business instrument pursuant to Section 435 of the Civil Code;
d) the period of maturity;
e) the Seller’s bank details; and
f) name and registration number of the project if the Subject of Purchase is (co)financed from subsidies.
6) A tax receipt-invoice must contain a separate item for delivery of investment goods and a separate item for delivery of non- investment goods.
7) If a tax receipt-invoice fails to contain the above requisites or if the above requisites are specified incorrectly, the Buyer is not obliged to perform on the basis of the tax receipt-invoice and may return the document to the Seller for correction within ten days of the date of its delivery. In the returned tax receipt-invoice, the Buyer shall specify the reason for returning thereof. A new period of maturity shall commence after delivery of a corrected or newly issued tax receipt- invoiceobligations under this Agreement except as expressly altered by this Section 3.4.
8) If a tax receipt-invoice fails to contain the prescribed requisites and this fact remains unknown until it is ascertained by the competent tax authority or some other authority authorised to carry out inspections at the Seller or Buyer, all the ensuing consequences shall be borne by the Seller.
9) Unless agreed otherwise in the Contract, a tax receipt shall be payable within 30 days of its delivery to the Buyer.
10) If the Seller is published as an unreliable payer in a manner enabling remote access by the date of taxable performance, the Buyer may pay a part of the purchase price in the amount of the value added tax, or the value added tax, as appropriate, directly to the tax authority competent for the tax in question, in accordance with Section 109a of the Value Added Tax Act. If the Buyer uses this procedure, i.e. the Buyer pays part of the purchase price corresponding to the value added tax directly to the tax authority and simultaneously pays a part of the purchase price to the Seller, the Buyer will be deemed to have performed its obligation to pay the purchase price under the Contract to the Seller.
11) If the Buyer withdraws from the Contract and the Seller has issued a tax receipt-invoice by the time of the withdrawal, the Seller is obliged, not later than 10 days of the Buyer’s withdrawal, to issue and deliver to the Buyer a credit note. If the Seller has not yet issued the tax receipt-invoice by the time when the Buyer withdraws from the Contract, the Seller may not issue it any more.
Appears in 1 contract
Samples: Agreement of Sale (Cott Corp /Cn/)
Purchase Price and Terms of Payment. The base purchase price for the Townhome shall be $ (the “Base Purchase Price”). If applicable, the rooftop terrace price for the Townhome shall be $ (the “Rooftop Terrace Price”). If applicable, the bonus room bathroom upgrade price for the Townhome shall be $ (the “Bathroom Upgrade Price”). The total purchase price for the Townhome shall be $ . Upon the selection of the Upgrades and approval of the Additional Costs (both as defined in Schedule A), the Base Purchase Price (including the Rooftop Terrace Price and Bathroom Upgrade Price if selected) shall be increased by an amount equal to the Additional Costs (collectively, the “Purchase Price”), as more particularly described in Section 3 of Schedule A.
A. The Purchase Price shall be paid in the following manner:
1. A five percent (5.0%) deposit based on the Base Purchase Price, Rooftop Terrace Price and Bathroom Upgrade Price shall be paid to Seller concurrently with the execution of this Agreement by Purchaser, equal to $ (the “Deposit”).
2. An additional xxxxxxx money deposit (“Additional Deposit”) shall be paid at the time the Additional Costs are approved by Purchaser (as described in Schedule A). The Buyer agrees Additional Deposit shall be equal to fifty percent (50%) of the Additional Costs.
3. The balance of the Purchase Price shall be paid at Closing as provided in Section 2 of Schedule A.
B. The Deposit together with the Additional Deposit shall be referred to herein as the “Xxxxxxx Money Deposit”. The Xxxxxxx Money Deposit shall be held in escrow by Chicago Title Insurance Company in accordance with the terms of this Agreement and in accordance with all applicable laws, statutes and regulations. EXCEPT AS OTHERWISE PROVIDED HEREIN, THE XXXXXXX MONEY DEPOSIT SHALL BECOME NON-REFUNDABLE TO PURCHASER WHEN PAID.
C. Purchaser will also be required to pay the Seller the purchase price specified in the Contract for the duly delivered Subject of Purchase. The purchase price specified in the Contract is fixed and final and includes all costs Association at Closing: (i) a portion of the Seller related to the performance monthly installment of the Seller’s obligations under assessment for Common Expenses against the ContractTownhome, including, without limitation, the costs of acquisition of the Subject of Purchase including the costs of its manufacture, costs of transportation of the Subject of Purchase prorated to the place of performance, taxes, customs and fees including recycling fees, costs of documents pertaining to the Subject of Purchase, costs of disposal of waste generated in connection with the handover of the Subject of Purchase, taking account of all risks and effects that may arise during the performance of the obligations under the Contract.
2) The purchase price may be changed only by means of an amendment to the Contract, only if this is expressly required by the Buyer. Any change in the purchase price shall be made in accordance with Act No. 134/2016 Coll., on public procurement, as amended.
3) The Seller hereby assumes the risk of a change in circumstances in terms of Section 1765 (2) of the Civil Code.
4) The Buyer agrees to pay the purchase price by wire transfer into the Seller’s bank account on the basis of a tax receipt- invoice issued by the Seller and delivered to the Buyer. The Seller has the right to issue and send an invoice on the date when the Subject of Purchase is taken over by the Buyer at the earliest. The Buyer does not provide any advance payments.
5) A tax receipt-invoice must always contain all statutory and agreed requisites, including, without limitation
a) the requisites of a tax receipt in accordance with Act No. 235/2004 Coll., on value added tax, as amended (hereinafter the “VAT Act”);
b) the requisites of a tax receipt set out in Act No. 563/1991 Coll., on accounting, as amended;
c) the requisites of a business instrument pursuant to Section 435 of the Civil Code;
d) the period of maturity;
e) the Seller’s bank details; and
f) name and registration number of the project if the Subject of Purchase is (co)financed from subsidies.
6) A tax receipt-invoice must contain a separate item for delivery of investment goods and a separate item for delivery of non- investment goods.
7) If a tax receipt-invoice fails to contain the above requisites or if the above requisites are specified incorrectly, the Buyer is not obliged to perform on the basis of the tax receipt-invoice and may return the document to the Seller for correction within ten days of the date of its deliverysettlement, and (ii) an initial working capital contribution in an amount equal to twice the monthly installment of the assessment for Common Expenses against the Townhome. In the returned tax receipt-invoice, the Buyer shall specify the reason for returning thereof. A new period of maturity shall commence after delivery of a corrected or newly issued tax receipt- invoice.
8) If a tax receipt-invoice fails to contain the prescribed requisites and this fact remains unknown until it is ascertained by the competent tax authority or some other authority authorised to carry out inspections at the Seller or Buyer, all the ensuing consequences These amounts shall be borne by the Sellernon-refundable.
9) Unless agreed otherwise in the Contract, a tax receipt shall be payable within 30 days of its delivery to the Buyer.
10) If the Seller is published as an unreliable payer in a manner enabling remote access by the date of taxable performance, the Buyer may pay a part of the purchase price in the amount of the value added tax, or the value added tax, as appropriate, directly to the tax authority competent for the tax in question, in accordance with Section 109a of the Value Added Tax Act. If the Buyer uses this procedure, i.e. the Buyer pays part of the purchase price corresponding to the value added tax directly to the tax authority and simultaneously pays a part of the purchase price to the Seller, the Buyer will be deemed to have performed its obligation to pay the purchase price under the Contract to the Seller.
11) If the Buyer withdraws from the Contract and the Seller has issued a tax receipt-invoice by the time of the withdrawal, the Seller is obliged, not later than 10 days of the Buyer’s withdrawal, to issue and deliver to the Buyer a credit note. If the Seller has not yet issued the tax receipt-invoice by the time when the Buyer withdraws from the Contract, the Seller may not issue it any more.
Appears in 1 contract
Samples: Purchase and Sale Agreement
Purchase Price and Terms of Payment. 1) 2.1 The price for individual deliveries of the Goods shall be determined by the Seller’s offer valid at the moment when the Buyer agrees makes the order. The Seller’s current price list including financing pricelist is either available at the xxxxx://xxxx.xxxxxxxx.xx/ website or it may also be sent to pay the Buyer upon request. The Seller may re-invoice costs related to the transportations and insurance of the Goods, the customs declaration, costs for potential financial services, or any other charges and taxes arising from the nature of the delivery as specified in the pro forma invoice.
2.2 The Parties have agreed that the purchase price specified for the deliveries of the Goods shall be payable as agreed in the Contract for the duly delivered Subject of PurchasePI. The purchase price specified in the Contract is fixed and final and includes all costs of the Seller Any bank fees related to the performance of the Seller’s obligations under the Contract, including, without limitation, the costs of acquisition of the Subject of Purchase including the costs of its manufacture, costs of transportation of the Subject of Purchase to the place of performance, taxes, customs and fees including recycling fees, costs of documents pertaining to the Subject of Purchase, costs of disposal of waste generated in connection with the handover of the Subject of Purchase, taking account of all risks and effects that may arise during the performance of the obligations under the Contract.
2) The purchase price may transaction shall be changed only by means of an amendment to the Contract, only if this is expressly required borne by the Buyer. Any change in the purchase price shall be made in accordance with Act No. 134/2016 Coll., on public procurement, as amended.
3) The Seller hereby assumes the risk of a change in circumstances in terms of Section 1765 (2) of the Civil Code.
4) The Buyer agrees to shall pay the purchase price by wire transfer into the Seller’s bank account on the basis of a tax receipt- invoice PI duly issued by the Seller. The Parties have agreed that, unless stated otherwise, the Purchase price shall be paid in the following manner: the agreed % amount of the Purchase price shall be paid in advance by bank transfer on the basis of a PI which shall be issued by the Seller without unnecessary delay upon receiving Buyer's order. This part of the Purchase price shall be payable according to PI of the Buyer's receipt of the PI; the Buyer shall pay the remaining amount of the Purchase price after receiving the Goods on the basis of Seller's invoice which shall be payable in the time frame agreed by parties and defined in the PI;
2.3 The Parties have agreed that invoices shall be delivered to the Buyer in electronic format to the company email address defined in the header of this Agreement.
2.4 The Buyer is obliged to confirm receipt and accuracy of each invoice to the factoring company Factoring České spořitelny, a.s. from the said e-mail address, or from any other e-mail address which clearly identifies the Buyer. The , the following calendar day at the latest (in case the Buyer accepts the factoring of Seller's Account Receivables).
2.5 In the event of a delay in the payment of any part of the Purchase price, the Seller has the right to issue and send an invoice on withdraw from this Agreement. In the date when the Subject of Purchase is taken over by the Buyer at the earliest. The Buyer does not provide any advance payments.
5) A tax receipt-invoice must always contain all statutory and agreed requisites, including, without limitation
a) the requisites event of a tax receipt delay in accordance with Act No. 235/2004 Coll., on value added tax, as amended (hereinafter the “VAT Act”);
b) the requisites payment of a tax receipt set out in Act No. 563/1991 Coll., on accounting, as amended;
c) the requisites of a business instrument pursuant to Section 435 any part of the Civil Code;
d) the period of maturity;
e) the Seller’s bank details; and
f) name and registration number of the project if the Subject of Purchase is (co)financed from subsidies.
6) A tax receipt-invoice must contain a separate item for delivery of investment goods and a separate item for delivery of non- investment goods.
7) If a tax receipt-invoice fails to contain the above requisites or if the above requisites are specified incorrectlyPrice, the Buyer is not obliged to perform on the basis pay a contractual penalty amounting to 0.25% of the tax receipt-invoice and may return the document Outstanding amount per each calendar day of such delay. The Buyer's right to the Seller for correction within ten days of the date of its delivery. In the returned tax receipt-invoice, the Buyer claim damages shall specify the reason for returning thereof. A new period of maturity shall commence after delivery of a corrected or newly issued tax receipt- invoicenot be affected hereby.
8) If a tax receipt-invoice fails to contain the prescribed requisites and this fact remains unknown until it is ascertained by the competent tax authority or some other authority authorised to carry out inspections at the Seller or Buyer, all the ensuing consequences shall be borne by the Seller.
9) Unless agreed otherwise in the Contract, a tax receipt shall be payable within 30 days of its delivery to the Buyer.
10) If the Seller is published as an unreliable payer in a manner enabling remote access by the date of taxable performance, the Buyer may pay a part of the purchase price in the amount of the value added tax, or the value added tax, as appropriate, directly to the tax authority competent for the tax in question, in accordance with Section 109a of the Value Added Tax Act. If the Buyer uses this procedure, i.e. the Buyer pays part of the purchase price corresponding to the value added tax directly to the tax authority and simultaneously pays a part of the purchase price to the Seller, the Buyer will be deemed to have performed its obligation to pay the purchase price under the Contract to the Seller.
11) If the Buyer withdraws from the Contract and the Seller has issued a tax receipt-invoice by the time of the withdrawal, the Seller is obliged, not later than 10 days of the Buyer’s withdrawal, to issue and deliver to the Buyer a credit note. If the Seller has not yet issued the tax receipt-invoice by the time when the Buyer withdraws from the Contract, the Seller may not issue it any more.
Appears in 1 contract
Samples: Framework Purchase Agreement