Common use of Fees Payment and Expenses Clause in Contracts

Fees Payment and Expenses. 4.1 In consideration of providing the Services, the Customer shall pay ANSYS the Price within any time(s) indicated in the Proposal. Where no Price is indicated in the Proposal, the Price shall be calculated on a time and materials basis using ANSYS’ then current rates. Unless provided otherwise in the Proposal, the Price and any other invoiced amount will be due and payable within thirty (30) days after receipt of ANSYS’ invoice. 4.2 The Customer shall reimburse ANSYS for reasonable and necessary expenses incurred by ANSYS in providing the Services, including travel expenses approved in advance by the Customer. 4.3 All sums payable to ANSYS under this Agreement: 4.3.1. are exclusive of VAT or any similar tax and the Customer shall, in addition to the sums payable to ANSYS, pay an amount equal to any VAT chargeable on those sums upon delivery of a VAT invoice; and 4.3.2. shall be paid in full without any set-off, counterclaim, deduction or withholding (other than any deduction or withholding of tax required by law). If any such withholding or deduction is required, the Customer shall provide all information reasonably required by ANSYS to confirm that the withholding or deduction is properly required, and shall pay to ANSYS such additional amount as will ensure that ANSYS receives the same total sums payable to ANSYS as if no such withholding or deduction had been required. 4.4 The Customer shall pay interest on any overdue amount from the due date until payment is received, whether before or after judgment, at 3% a year above the Bank of England's base rate from time to time (but at 3% a year for any period when that base rate is below 0%) or, if lower, the maximum rate permitted by law.