Common use of Subscription Charges Clause in Contracts

Subscription Charges. The Subscriber organisation will pay the charges, without any right of deduction or set-off, within the term indicated on the subscription invoice within 30 days after receipt of a valid invoice. Subscription fees are paid annually in advance, and CFBF will invoice your organisation directly. From the commencement date of the agreement, no payment will be due to your current information vendor in respect of the CFBF Benchmark Data. Subscription fees are subject to review and CFBF will provide a minimum of 3 months’ notice for any subscription charge changes. Payment is integral to the agreement and failure to pay will result in loss of access to CFBF data and potentially to a permanent loss. CFBF reserves the right to request a compliance certificate from any subscriber to ascertain that it is meeting the terms of this agreement.

Subscription Charges. The Subscriber organisation will pay the charges, without any right of deduction or set-off, within the term indicated on the subscription invoice within 30 days after receipt of a valid invoice. Subscription fees are paid annually in advance, and CFBF CBF will invoice your organisation directly. From the commencement date of the agreement, no payment will be due to your current information vendor in respect of the CFBF CBF Benchmark Data. Subscription fees are subject to review and CFBF CBF will provide a minimum of 3 months’ notice for any subscription charge changes. Payment is integral to the agreement and failure to pay will result in loss of access to CFBF CBF data and potentially to a permanent loss. CFBF CBF reserves the right to request a compliance certificate from any subscriber to ascertain that it is meeting the terms of this agreement.