Common use of FINANCIAL PROVISIONS Clause in Contracts

FINANCIAL PROVISIONS. 4.1. Payment and maturity: The Agent shall ensure that the advance payment on accommodation is paid according to the Payment Request. The Agent shall ensure that the price of the course/program is paid in its full amount at the latest 1 week before the course/program starts. In justified cases and after prior agreement of the Contracting Parties it is possible to pay the course/program at the moment when the Interested Person starts the course. Interested Persons with visa requirements must pay the full price of the course/ program before issuance of the admission document. Any and all payments must be made by bank transfer. If the payments are increased by bank charges, the Agent shall ensure that these charges are paid by the Interested Person. The payment must be made in such manner so that Client’s account is credited with the amount corresponding to the full price of the course/program or possibly price of the course/program including other ordered services (i.e. including advance payment for accommodation etc.). The day of crediting Client’s account with funds is considered to be the day of payment. A payment may be made only in currencies which are stated in promotional materials or website of the Client under point 4.2. a). 4.2. Price of courses/programs: Price of courses/programs and price of other services correspond to prices mentioned in Client’s promotional materials for the relevant academic year and on Client’s website (xxx.xxxx.xxxx.xx) at respective courses/programs. General terms of cancellations and conditions for repayment of the price and fees are available on Client’s website see xxxxx://xxxx.xxxx.xx/XXXX-000.xxxx. 4.3. Commission: For verifiably performed services, i.e. transferring the full price of the course/programme to the Client's account and starting the attendance of the classes in accordance with the terms of clause 3.1. of this contract, the Client shall grant the Intermediary a commission of 10% of the price of the courses/programmes (long-term preparatory programmes, intensive Czech language courses and summer schools) for a minimum of 2 arranged Candidates in a particular academic year. In addition to the above courses/programmes, the commission may also be granted for other Czech language courses if these are acknowledged by the Client as preparation for a long-term preparatory programme and the student in fact enters the subsequent long-term preparatory programme. In this case, the commission for both courses will be payable on the due date of the commission for the long-term preparatory course. The above-stated commission does not include statutory value added tax. Such tax will be paid and borne by the Client. By 31 October, the Agent shall send to the Client the first list of intermediated Students who initiated their studies pursuant to point 3.1, on the CU ILPS form. For other intermediated students who physically initiated their studies after 31 October, the Agent shall send the lists always after the end of the calendar month, the latest as of 31 March. The list of students who initiated their studies online will be send by the Agent to the Client as of 31 March. If the price of the course or its part is refunded and the commission was not paid, the amount of commission will be proportionally reduced. Within 10 days of receiving this list, the Client shall confirm which Students started their studies at the relevant Centre and paid the tuition fee and send the confirmed list back to the Agent. Commission on price of the course/program shall be mature on the basis of a tax document (invoice), which shall be issued by the Agent and sent to the Client within 10 days from receipt of the confirmed list. The invoice shall be send to xxxxxxx00@xxxx.xxxx.xx and have maturity of at least 14 days from the day of delivery of the invoice to the Client and it must comply also with other general requirements concerning content and form of tax documents. If not, the Agent shall not be entitled to payment of the commission. In case that the Student is enrolled in the study by several agents, such agent shall be entitled to the commission which enrolled the Student (i.e. sent the application) earlier. The Agent takes into account that the Client shall not be obliged to admit to the course/program an Interested Person, who does not initiate his/her studies (physically or online) at the set latest date and will notify the Interested Person and the Agent on the latest date for course/program initiation. No commission shall be paid for such Interested Person. In case that the application of the Interested Person does not explicitly list the Agent, no title for commission payment arises. 5.

FINANCIAL PROVISIONS. 4.1. Payment and maturity: The Agent shall ensure that the advance payment on accommodation is paid according to the Payment Request. The Agent shall ensure that the price of the course/program is paid in its full amount at the latest 1 week before the course/program starts. In justified cases and after prior agreement of the Contracting Parties it is possible to pay the course/program at the moment when the Interested Person starts the course. Interested Persons with visa requirements must pay the full price of the course/ program before issuance of the admission document. Any and all payments must be made by bank transfer. If the payments are increased by bank charges, the Agent shall ensure that these charges are paid by the Interested Person. The payment must be made in such manner so that Client’s account is credited with the amount corresponding to the full price of the course/program or possibly price of the course/program including other ordered services (i.e. including advance payment for accommodation etc.). The day of crediting Client’s account with funds is considered to be the day of payment. A payment may be made only in currencies which are stated in promotional materials or website of the Client under point 4.2. a). 4.2. Price of courses/programs: Price of courses/programs and price of other services correspond to prices mentioned in Client’s promotional materials for the relevant academic year and on Client’s website (xxx.xxxx.xxxx.xx) at respective courses/programs. General terms of cancellations and conditions for repayment of the price and fees are available on Client’s website see xxxxx://xxxx.xxxx.xx/XXXX-000.xxxx. 4.3. Commission: For verifiably performed services, demonstrable performance of the activity (i.e. transferring crediting the full price of the course/programme course/ program to the Client's account and starting entering the attendance of Interested Person into the classes course in accordance compliance with the terms conditions of clause point 3.1. of this contractAgreement), the Client shall grant award to the Intermediary Agent a commission of 1010 % of the course/ program price of for the courses/programmes (long-term preparatory programmes, intensive Czech language courses and summer schools) for a minimum of 2 arranged Candidates intermediated Interested Persons in a particular the academic year. In addition to the above courses/programmes, the commission may also be granted for other Czech language courses if these are acknowledged by the Client as preparation for a long-term preparatory programme and the student in fact enters the subsequent long-term preparatory programme. In this case, the commission for both courses will be payable on the due date of the commission for the long-term preparatory course. The above-stated commission does not include statutory value added tax. Such tax will be paid and borne by the Client. By 31 October, the Agent shall send to the Client the first list of intermediated Students who initiated their studies pursuant to point 3.1, on the CU ILPS form. For other intermediated students who physically initiated their studies after 31 October, the Agent shall send the lists always after the end of the calendar month, the latest as of 31 March. The list of students who initiated their studies online will be send by the Agent to the Client as of 31 March. If the price of the course or its part is refunded and the commission was not paid, the amount of commission will be proportionally reduced. Within 10 days of receiving this list, the Client shall confirm which Students started their studies at the relevant Centre and paid the tuition fee and send the confirmed list back to the Agent. Commission on price of the course/program shall be mature on the basis of a tax document (invoice), which shall be issued by the Agent and sent to the Client within 10 days from receipt of the confirmed list. The invoice shall be send to xxxxxxx00@xxxx.xxxx.xx and have maturity of at least 14 days from the day of delivery of the invoice to the Client and it must comply also with other general requirements concerning content and form of tax documents. If not, the Agent shall not be entitled to payment of the commission. In case that the Student is enrolled in the study by several agents, such agent shall be entitled to the commission which enrolled the Student (i.e. sent the application) earlier. The Agent takes into account that the Client shall not be obliged to admit to the course/program an Interested Person, who does not initiate his/her studies (physically or online) at the set latest date and will notify the Interested Person and the Agent on the latest date for course/program initiation. No commission shall be paid for such Interested Person. In case that the application of the Interested Person does not explicitly list the Agent, no title for commission payment arises. 5.

FINANCIAL PROVISIONS. 4.1. Payment and maturity: The Agent shall ensure that the advance payment on accommodation is paid according to the Payment Request. The Agent shall ensure that the price of the course/program is paid in its full amount at the latest 1 week before the course/program starts. In justified cases and after prior agreement of the Contracting Parties it is possible to pay the course/program at the moment when the Interested Person starts the course. Interested Persons with visa requirements must pay the full price of the course/ program before issuance of the admission document. Any and all payments must be made by bank transfer. If the payments are increased by bank charges, the Agent shall ensure that these charges are paid by the Interested Person. The payment must be made in such manner so that Client’s account is credited with the amount corresponding to the full price of the course/program or possibly price of the course/program including other ordered services (i.e. including advance payment for accommodation etc.). The day of crediting Client’s account with funds is considered to be the day of payment. A payment may be made only in currencies which are stated in promotional materials or website of the Client under point 4.2. a). 4.2. Price of courses/programs: Price of courses/programs and price of other services correspond to prices mentioned in Client’s promotional materials for the relevant academic year and on Client’s website (xxx.xxxx.xxxx.xx) at respective courses/programs. General terms of cancellations and conditions for repayment of the price and fees are available on Client’s website see xxxxx://xxxx.xxxx.xx/XXXX-000.xxxx. 4.3. Commission: For verifiably performed services, i.e. transferring the full price of the course/programme to the Client's account and starting the attendance of the classes in accordance with the terms of clause 3.1. of this contract, the Client shall grant the Intermediary a commission of 10% of the price of the courses/programmes (long-term preparatory programmes, intensive Czech language courses and summer schools) for a minimum of 2 arranged Candidates in a particular academic year. In addition to the above courses/programmes, the commission may also be granted for other Czech language courses if these are acknowledged by the Client as preparation for a long-term preparatory programme and the student in fact enters the subsequent long-term preparatory programme. In this case, the commission for both courses will be payable on the due date of the commission for the long-term preparatory course. The above-stated commission does not include If the Agent is a VAT payer, he/she shall invoice the statutory value added taxtax amount together with the commission. Such tax will be paid and borne by Persons who are not VAT payers invoice only the Clientcommission. By 31 October, the Agent shall send to the Client the first list of intermediated Students who initiated their studies pursuant to point 3.1, on the CU ILPS form. For other intermediated students who physically initiated their studies after 31 October, the Agent shall send the lists always after the end of the calendar month, the latest as of 31 March. The list of students who initiated their studies online will be send by the Agent to the Client as of 31 March. If the price of the course or its part is refunded and the commission was not paid, the amount of commission will be proportionally reduced. Within 10 days of receiving this list, the Client shall confirm which Students started their studies at the relevant Centre and paid the tuition fee and send the confirmed list back to the Agent. Commission on price of the course/program shall be mature on the basis of a tax document (invoice), which shall be issued by the Agent and sent to the Client within 10 days from receipt of the confirmed list. The invoice shall be send to xxxxxxx00@xxxx.xxxx.xx and have maturity of at least 14 days from the day of delivery of the invoice to the Client and it must comply also with other general requirements concerning content and form of tax documents. If not, the Agent shall not be entitled to payment of the commission. In case that the Student is enrolled in the study by several agents, such agent shall be entitled to the commission which enrolled the Student (i.e. sent the application) earlier. The Agent takes into account that the Client shall not be obliged to admit to the course/program an Interested Person, who does not initiate his/her studies (physically or online) at the set latest date and will notify the Interested Person and the Agent on the latest date for course/program initiation. No commission shall be paid for such Interested Person. In case that the application of the Interested Person does not explicitly list the Agent, no title for commission payment arises. 5.

FINANCIAL PROVISIONS. 4.1. Payment and maturity: The Agent shall ensure that the advance payment on accommodation is paid according to the Payment Request. The Agent shall ensure that the price of the course/program is paid in its full amount at the latest 1 week before the course/program starts. In justified cases and after prior agreement of the Contracting Parties it is possible to pay the course/program at the moment when the Interested Person starts the course. Interested Persons with visa requirements must pay the full price of the course/ program before issuance of the admission document. Any and all payments must be made by bank transfer. If the payments are increased by bank charges, the Agent shall ensure that these charges are paid by the Interested Person. The payment must be made in such manner so that Client’s account is credited with the amount corresponding to the full price of the course/program or possibly price of the course/program including other ordered services (i.e. including advance payment for accommodation etc.). The day of crediting Client’s account with funds is considered to be the day of payment. A payment may be made only in currencies which are stated in promotional materials or website of the Client under point 4.2. a). 4.2. Price of courses/programs: Price of courses/programs and price of other services correspond to prices mentioned in Client’s promotional materials for the relevant academic year and on Client’s website (xxx.xxxx.xxxx.xx) at respective courses/programs. General terms of cancellations and conditions for repayment of the price and fees are available on Client’s website see xxxxx://xxxx.xxxx.xx/XXXX-000.xxxx. 4.3. Commission: For verifiably performed services, demonstrable performance of the activity (i.e. transferring crediting the full price of the course/programme course/ program to the Client's account and starting entering the attendance of Interested Person into the classes course in accordance compliance with the terms conditions of clause point 3.1. of this contractAgreement), the Client shall grant award to the Intermediary Agent a commission of 1010 % of the course/ program price of for the courses/programmes (long-term preparatory programmes, intensive Czech language courses and summer schools) for a minimum of 2 arranged Candidates intermediated Interested Persons in a particular the academic year. In addition to If the above coursesAgent is a VAT payer, he/programmes, she shall invoice the commission may also be granted for other statutory value added tax amount together with the commission. Persons who are not VAT payers invoice only the commission. (companies with registered office in the Czech language courses if these are acknowledged by the Client as preparation for a long-term preparatory programme and the student in fact enters the subsequent long-term preparatory programme. In this case, the commission for both courses will be payable on the due date of the commission for the long-term preparatory course. Republic) The above-stated commission does not include statutory value added tax. Such tax will be paid and borne by the Client. (companies with registered office abroad) By 31 October, the Agent shall send to the Client the first list of intermediated Students who initiated their studies pursuant to point 3.1, on the CU ILPS form. For other intermediated students who physically initiated their studies after 31 October, the Agent shall send the lists always after the end of the calendar month, the latest as of 31 March. The list of students who initiated their studies online will be send by the Agent to the Client as of 31 March. If the price of the course or its part is refunded and the commission was not paid, the amount of commission will be proportionally reduced. Within 10 days of receiving this list, the Client shall confirm which Students started their studies at the relevant Centre and paid the tuition fee and send the confirmed list back to the Agent. Commission on price of the course/program shall be mature on the basis of a tax document (invoice), which shall be issued by the Agent and sent to the Client within 10 days from receipt of the confirmed list. The invoice shall be send to xxxxxxx00@xxxx.xxxx.xx and have maturity of at least 14 days from the day of delivery of the invoice to the Client and it must comply also with other general requirements concerning content and form of tax documents. If not, the Agent shall not be entitled to payment of the commission. In case that the Student is enrolled in the study by several agents, such agent shall be entitled to the commission which enrolled the Student (i.e. sent the application) earlier. The Agent takes into account that the Client shall not be obliged to admit to the course/program an Interested Person, who does not initiate his/her studies (physically or online) at the set latest date and will notify the Interested Person and the Agent on the latest date for course/program initiation. No commission shall be paid for such Interested Person. In case that the application of the Interested Person does not explicitly list the Agent, no title for commission payment arises. 5.

FINANCIAL PROVISIONS. 4.1. Payment and maturity: The Agent shall ensure that the advance payment on accommodation is paid according to the Payment Request. The Agent shall ensure that the price of the course/program is paid in its full amount at the latest 1 week before the course/program starts. In justified cases and after prior agreement of the Contracting Parties it is possible to pay the course/program at the moment when the Interested Person starts the course. Interested Persons with visa requirements must pay the full price of the course/ program before issuance of the admission document. Any and all payments must be made by bank transfer. If the payments are increased by bank charges, the Agent shall ensure that these charges are paid by the Interested Person. The payment must be made in such manner so that Client’s account is credited with the amount corresponding to the full price of the course/program or possibly price of the course/program including other ordered services (i.e. including advance payment for accommodation etc.). The day of crediting Client’s account with funds is considered to be the day of payment. A payment may be made only in currencies which are stated in promotional materials or website of the Client under point 4.2. a). 4.2. Price of courses/programs: Price of courses/programs and price of other services correspond to prices mentioned in Client’s promotional materials for the relevant academic year and on Client’s website (xxx.xxxx.xxxx.xx) at respective courses/programs. General terms of cancellations and conditions for repayment of the price and fees are available on Client’s website see xxxxx://xxxx.xxxx.xx/XXXX-000.xxxx. 4.3. Commission: For verifiably performed services, demonstrable performance of the activity (i.e. transferring crediting the full price of the course/programme course/ program to the Client's account and starting entering the attendance of Interested Person into the classes course in accordance compliance with the terms conditions of clause point 3.1. of this contractAgreement), the Client shall grant award to the Intermediary Agent a commission of 1010 % of the course/ program price of for the courses/programmes (long-term preparatory programmes, intensive Czech language courses and summer schools) for a minimum of 2 arranged Candidates 1 intermediated Interested Persons in a particular the academic year. In addition to If the above coursesAgent is a VAT payer, he/programmes, she shall invoice the commission may also be granted for other statutory value added tax amount together with the commission. Persons who are not VAT payers invoice only the commission. (companies with registered office in the Czech language courses if these are acknowledged by the Client as preparation for a long-term preparatory programme and the student in fact enters the subsequent long-term preparatory programme. In this case, the commission for both courses will be payable on the due date of the commission for the long-term preparatory course. Republic) The above-stated commission does not include statutory value added tax. Such tax will be paid and borne by the Client. (companies with registered office abroad) By 31 October, the Agent shall send to the Client the first list of intermediated Students who initiated their studies pursuant to point 3.1, on the CU ILPS form. For other intermediated students who physically initiated their studies after 31 October, the Agent shall send the lists always after the end of the calendar month, the latest as of 31 March. The list of students who initiated their studies online will be send by the Agent to the Client as of 31 March. If the price of the course or its part is refunded and the commission was not paid, the amount of commission will be proportionally reduced. Within 10 days of receiving this list, the Client shall confirm which Students started their studies at the relevant Centre and paid the tuition fee and send the confirmed list back to the Agent. Commission on price of the course/program shall be mature on the basis of a tax document (invoice), which shall be issued by the Agent and sent to the Client within 10 days from receipt of the confirmed list. The invoice shall be send to xxxxxxx00@xxxx.xxxx.xx and have maturity of at least 14 days from the day of delivery of the invoice to the Client and it must comply also with other general requirements concerning content and form of tax documents. If not, the Agent shall not be entitled to payment of the commission. In case that the Student is enrolled in the study by several agents, such agent shall be entitled to the commission which enrolled the Student (i.e. sent the application) earlier. The Agent takes into account that the Client shall not be obliged to admit to the course/program an Interested Person, who does not initiate his/her studies (physically or online) at the set latest date and will notify the Interested Person and the Agent on the latest date for course/program initiation. No commission shall be paid for such Interested Person. In case that the application of the Interested Person does not explicitly list the Agent, no title for commission payment arises. 5.