Data Charges. LICENSEE shall pay the applicable Data Charges shown in the Charges Schedule which are expressed as annual Data Charges and are payable quarterly in advance. All charges are subject to Value Added Tax at the prescribed rate, and any other tax, duty or levy imposed by legislation. Data Charges are payable by LICENSEE within thirty (30) days of the date of the Licensor’s invoice, and time of payment shall be of the essence. The Licensor may add interest on overdue payments before and after any judgment at the then current rate of EURIBOR (as varied from time to time) plus two per cent (2%), calculated on a daily basis such interest to be compounded at the end of each calendar month. The Licensor may not amend the Data Charges for the first twelve (12) months following the Commencement Date. Thereafter, the Licensor may change the Data Charges on three (3) months written notice to LICENSEE. Where such increase in Data Charges constitutes an increase of 15% (fifteen per cent) or more for the period, LICENSEE may terminate the Agreement with written notice to the Licensor, such termination being effective the day such Data Charges increase was to be effective.
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Sources: Derived Data Product Licence Agreement, Derived Data Product Licence Agreement
Data Charges. 6.1 LICENSEE shall pay the applicable Data Charges shown in the Charges Schedule which are expressed as annual Data Charges and are payable quarterly in advance. .
6.2 All charges are subject to Value Added Tax at the prescribed rate, and any other tax, duty or levy imposed by legislation. .
6.3 Data Charges are payable by LICENSEE within thirty (30) days of the date of the Licensor’s invoice, and time of payment shall be of the essence. The Licensor may add interest on overdue payments before and after any judgment at the then current rate of EURIBOR (as varied from time to time) plus two per cent (2%), calculated on a daily basis such interest to be compounded at the end of each calendar month. .
6.4 The Licensor may not amend the Data Charges for the first twelve (12) months following the Commencement Date. Thereafter, the Licensor may change the Data Charges on three (3) months written notice to LICENSEE. Where such increase in Data Charges constitutes an increase of 15% (fifteen per cent) or more for the period, LICENSEE may terminate the Agreement with written notice to the Licensor, such termination being effective the day such Data Charges increase was to be effective.
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