Installation Fee. The Client agrees to pay Installation Fee in advance, Emergys shall provide the invoice to the Client at the beginning of the Term. Payments for such invoice shall be due and payable upon receipt of invoice by the Client. If such Installation Fee is not paid after a seven (7) day grace period from the date of the invoice, shall accrue interest at the rate of United States Prime Rate as listed in the Eastern print edition of the Wall Street Journal at the time such fees are due plus one and a half percent (1.5%) per month, but not to exceed the maximum amount as allowed by law. Further, in the event of late payment, Emergys reserves the right to suspend and/or cease the provision of Managed Infrastructure and Service and the related support to the Client without notice.
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Sources: Managed Infrastructure and Services Agreement, Managed Infrastructure and Services Agreement
Installation Fee. The Client agrees to pay Installation Fee installation fee in advance, Emergys shall provide the invoice to the Client at the beginning of the Term. Payments for such invoice shall be due and payable upon receipt of invoice by the Client. If such Installation Fee installation fee is not paid after a seven (7) day grace period from the date of the invoice, shall accrue interest at the rate of United States Prime Rate as listed in the Eastern print edition of the Wall Street Journal at the time such fees are due plus one and a half percent (1.5%) per month, but not to exceed the maximum amount as allowed by law. Further, in the event of late payment, Emergys reserves the right to suspend and/or cease the provision of Managed Infrastructure and Service and the related support to the Client without notice.
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