Common use of General invoicing arrangements Clause in Contracts

General invoicing arrangements. 8.2.1. All payments shall be made in euros, by bank transfer, within thirty (30) days of the dates on which the Service Provider issued the invoice. 8.2.2. The Parties hereby expressly agree that, unless the Customer has requested extra time to pay an invoice in a timely manner and the Service Provider has granted such extra time expressly and in writing, the Service Provider shall serve notice to the Customer. Where such notice remains unheeded for thirty (30) days, the following provisions shall apply automatically, without prejudice to Art. 18: 8.2.2.1. All outstanding amounts due by the Customer in connection with the Agreement shall become payable with immediate effect, irrespective of the agreed payment terms. 8.2.2.2. The Service Provider shall charge the Customer late-payment interest equal to one- and-a-half times the legal interest rate in force on the invoice date, such interest being payable merely as a consequence of the breach of the contractually agreed term. The interest shall be calculated on a pro-rata basis over a period of one (1) month. 8.2.2.3. The performance of all ongoing Services, of whatever nature, shall be suspended, without prejudice to the Service Provider’s right to terminate the Agreement, at its discretion, as set out in Art. 18.