Payment. The following replaces 0: Amounts are due upon receipt of invoice and payable as IBM specifies in a Transaction Document. The currency for payment of amounts due is US dollars or the equivalent in local currency as follows:
1. As long as the country operates in a free currency exchange market, Customer and IBM agree that IBM will accept payment in the applicable country national currency calculated at the country official exchange rate published by the bank specified in a Transaction Document on the date payment is made.
2. If the government of a country establishes any restriction or limitation on its free currency exchange markets, Customer agrees to make payments to IBM in US dollars to a bank account in New York, NY, USA, designated by IBM in the Transaction Document, provided that such payment is not illegal under country law. If such method of payment is forbidden by country law, Customer agrees to pay the amount indicated in the Transaction Document in country national currency, calculated at the official exchange rate that is in use for the remittance of dividends and net earnings to foreign investors outside the country. Customer agrees to pay accordingly, including any late payment fee. The late payment fee is calculated and payable in US dollars at two percent (or the maximum rate allowed by local law if such is less than two percent) of the delinquent amount due per each thirty day period during which any delinquent balance remains unpaid.
Payment. The following replaces 0: Amounts due are expressed in local currency. Amounts are due upon receipt of invoice and payable in local currency as IBM specifies in a Transaction Document. Customer agrees to pay accordingly, including any late payment fee. Delinquent amounts are subject to monetary correction based on the inflation index called the "General Price Index" calculated by Xxxxxxx Xxxxxx Foundation (IGP-M/FGV), plus interest at the rate of one percent per month, both calculated "pro rata die.” The late payment fee is calculated against the resultant delinquent amount at the following rates:
1. two percent of the delinquent amount due per the first thirty day period during which any delinquent balance remains unpaid, plus
2. ten percent for each successive thirty day period during which any delinquent balance remains unpaid.
Payment. The following paragraph is added after 0 as 1.6d: All charges or other amounts payable under this Agreement are specified to include applicable goods and services tax (“GST”).
Payment. Replace the above EMEA-wide text in 0 with the following: Payment in full is due and payable without deduction upon receipt of invoice. Customer agrees to pay accordingly, including any late payment fees. If the invoice amount is not received on IBM’s account within 30 days, upon due date, IBM may charge late payment fees at the rate indicated in the Transaction Document.
Payment. Add the following paragraphs to 0: We may apply Customer’s payment to Customer’s other outstanding invoices. Our rights relating to late payment charges shall be in addition to any other right that we may have in the event that Customer fails to make any payment due to us under this Agreement. We reserve the right to also base our decision on the conclusion of an agreement with Customer on Customer’s solvency and to require payment in advance of delivery or other security for payment. Customer’s obligation to pay is unconditional and shall not be subject to any abatement, reduction, set-off, defense, counter-claim interruption, deferment, or recoupment. Replace 1.7 with the following: Customer agrees to pay all taxes and duties, regardless of their qualification, unless specified otherwise on the invoice.
Payment. Add the following additional sentence:
Payment. The following replaces 0 Add the following to the end of this section: The following sentence is added to the first paragraph of the preamble: