Common use of Remuneration and Payment Clause in Contracts

Remuneration and Payment. 5.1 The Producer shall pay the fees for the services provided under this Agreement, as set forth in El-Kretsen’s from time to time applicable price list available on the declaration portal (Sw. deklarationsportalen) on El-Kretsen’s web site or provided by El-Kretsen upon the Producer’s request. All fees are stated in SEK exclusive of VAT. Changes to the price list shall take effect two (2) months after the Producer has been notified of the change. 5.2 El-Kretsen shall be entitled to invoice the Producer for inspection fees to SEPA relating to SEPA’s inspections of the Producer’s fulfilment of the Producer’s obligations under the Ordinance, which have been paid by El-Kretsen. 5.3 The Parties acknowledge that the obligation set forth in Section 42 of the Ordinance, i.e. to take care of replaced non-consumer equipment, may cause El-Kretsen costs which are not included in the fees set forth in Section 5.1 above. The Producer undertakes to reimburse El- Kretsen for any and all cost incurred by El-Kretsen in connection with El-Kretsen’s fulfilment of said obligation including but not limited to costs for transportation, recycling bins, El- Kretsen’s internal costs for administration, etc. 5.4 In connection with entering into this Agreement, El-Kretsen shall be entitled to charge the Producer a deposit, in an agreed amount, as a security for the Producer’s proper fulfilment of the Producer’s obligation set forth in section 5.3 above. 5.5 All fees and amounts payable hereunder shall be due and payable by the Producer within thirty (30) calendar days following the date of invoice. In case of late payment, El-Kretsen is entitled to interest pursuant to the Swedish Interest Act (Sw. räntelagen (1975:635)), and, if applicable, reminder fees and any other costs for collection of unpaid debts in accordance with applicable law.