Common use of PAYMENT OF APPLICABLE FEES Clause in Contracts

PAYMENT OF APPLICABLE FEES. 7.1. Customer agrees to pay Inter8 the applicable Service Fee and Support Fee (“the Charges”), as specified in the Offer Letter. 7.2. Customer shall reimburse Inter8 for all out-of-pocket cost relating to the Support. This includes hotel, travelling and all other out of pocket expenses reasonably and properly incurred by Inter8. 7.3. The Charges will be invoiced by Inter8 once a month. Service fees and Support fees for using the CloudBilling service will be billed monthly upfront. Customer will pay the Inter8 invoices promptly in accordance with the terms on the invoice, without claiming any rights of set-off, transfer cost, or counterclaim. Inter8 will be entitled to charge Customer a default interest rate in case of late payment at a rate of the trade statutory interest. 7.4. All payments made between Customer and Inter8 are subject to prevailing tax laws & regulations in The Netherlands. 7.5. Associated charges for any (financial) transfer are at all times at Customers expense. Inter8 will be entitled to adjust the applicable prices and rates. Inter8 will in any event have such right to adjust prices. Price adjustments can be the result of when the price increase is the result of one of the following factors like, but not limited to: i) increase of taxes or other levies and/or government rights, ii) changing exchange rates, iii) increase of wages, transport costs, supplier purchase prices and/or purchase prices, etc., iv) inflation, v) increase of product functionality. Price changes will normally occur annually and will become effective as per January 1st of each year. Inter8 will provide written notice of such changes as part of its invoicing process.