PAYMENT. Add the following sentence:
PAYMENT. Unless the Purchase Order establishes otherwise, invoices relating to Goods shall be paid within 30 calendar days from the date of receipt of the invoice or of the Goods, whichever occurs last.
PAYMENT. The following replaces 1.6b:
PAYMENT. The following replaces 1.6b:
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 1.6b:
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 1.6c as 1.6d:
PAYMENT. The following replaces 1.6b Add the following to the end of this section: The following sentence is added to the first paragraph of the preamble:
PAYMENT. Unless otherwise agreed in writing, payment must be made within thirty days of the invoice date, without any deduction (including without limitation a deduction of any amount payable by LEP to the other party), and must be made either in cash or into one of LEP’s bank/giro accounts. If the other party fails to make any payment on the due date, then LEP will be entitled, without prejudice to any other right or remedy legally or contractually available to LEP, to cancel the relevant order or suspend any other deliveries to the other party and charge interest in accordance with article 15.
PAYMENT. 5.1 Unless otherwise agreed in writing, the hirer shall make all payments in terms of the contract of hire to CCTA on the due dates specified in 5.3 notwithstanding that an invoice may not have been received. All amounts due and not received by CCTA timeously shall bear interest at the prime rate.
5.2 All amounts owing to CCTA in terms of the contract of hire shall be paid to CCTA in the manner and at the place stipulated by CCTA from time to time 6.1 together with Consumption Tax thereon. Unless otherwise stated all amounts indicated in the contract of hire are indicated exclusive of Consumption Tax.
5.3 Unless otherwise stated in the confirmation of hire or any other written variation of the contract of hire, the hire charge shall be payable in instalments as follows:-
5.2.1 For confirmations of hire for events if more than 12 months before the commencement of the hire period:
5.2.1.1 10% of the hire charge upon confirmation of the event
5.2.1.2 45% of the hire charge by no later than 2 months before the commencement of the hire period; and
5.2.1.3 the balance of 45% of the hire charge by no later than 48 hours before the commencement of the hire period.
5.2.2 For confirmations of hire for events if less than 12 months before the commencement of the hire period;
5.2.2.1 60% of the hire charge upon confirmation of the event
5.2.2.2 the balance of 40% of the hire charge by no later than 48 hours before the commencement of the hire period.
5.4 In the case the hirer is a State Entity, the following procedure of payment will apply, in compliance with Law 09/97:
5.4.1 To confirm the service the Hirer will emit to the request of the CCTA a Confirmation of Budget Reservation (Nota de Cabimentação) to the value of 100% of the quotation, which includes the deposit specified in number 5.5
5.4.2 The original Confirmation of Budget Reservation (Nota de Cabimentação) will have to be received by the CCTA prior to the date given for confirmation from the service.
5.4.3 The final invoice will have to be sent by the CCTA to the Hirer for payment with copy of the Confirmation of Budget Reservation (Nota de Cabimentação), copy of the letter of the Entity requesting the service and copy of the quotation.
5.4.4 The Invoice will be paid for by way of Disbursement Order (Ordem de Saque).
5.5 The hirer shall pay a deposit to be determined and advised by CCTA, for any technical, audio-visual, catering, and other services, facilities or equipment required in addition to and togeth...
PAYMENT. 21.1 – The payment will be made by the BUYER, in 48 monthly installments, equal and successive, per item.