Common use of FEES AND PAYMENT SCHEDULE Clause in Contracts

FEES AND PAYMENT SCHEDULE. 2.1 The services to be provided by EXCALIBUR to the Client under this Agreement are as set out on page one of this agreement. 2.2 In consideration for the provision by EXCALIBUR of the Services, Client shall pay to EXCALIBUR a monthly fee as detailed on page one. The Fee will be invoiced to the Client on a monthly basis, and will become due and payable on the first day of each month. EXCALIBUR may at its discretion suspend or cancel the provision of any of it’s services supplied to the customer if payment of any instalment of the Fee is not received within 5 days following the due date for payment under this clause 2.2. 2.3 Excalibur has the right to review its standard service charges at any time and will provide the client with 30 days’ notice of any changes. The client has 30 days from receipt of this notice to cancel the agreement, providing 60 days’ notice of termination. 2.4 If any payment is not made within thirty (30) days of receipt of an invoice for such payment then EXCALIBUR may, without prejudice to its other rights, charge simple daily interest equivalent to an annual rate of 4% above the base rate of the bank that EXCALIBUR use from time to time on sums owing from the date when payment was due (being thirty