The Price and Payment Terms Clause Samples

The Price and Payment Terms clause defines the agreed-upon cost for goods or services and outlines how and when payments must be made. It typically specifies the total price, payment schedule, acceptable payment methods, and any conditions for invoicing or late payments. By clearly setting out these financial expectations, the clause helps prevent disputes over payment and ensures both parties understand their monetary obligations under the contract.
The Price and Payment Terms. 4.1 The Buyer undertakes to pay the Seller: Total price without VAT TO BE FILLED IN BY SELLER CZK Amount of VAT (21 %) TO BE FILLED IN BY SELLER CZK Total price incl. VAT TO BE FILLED IN BY SELLER CZK The purchase price stated in the Contract is fixed and final, and it includes all the costs of the Seller associated with the fulfilment of its obligations under this Contract. The price of the delivery is in Czech currency with the possibility to pay in euros. The amount of the VAT is in line with applicable legal regulations on the date of signature of the Contract (VAT = 21 %). The contractor is ☐ / is not ☐ a payer of VAT. If the Seller is headquartered outside the Czech Republic, the Seller shall not specify the VAT amount and the Total Price including VAT (customs duties may apply) and the tax obligation shall be transferred to the Buyer. 4.2 The Buyer shall pay the Seller the purchase price in the agreed amount against the invoice/tax document issued by the Seller and delivered to the Buyer. 4.3 The invoice/tax document is due in 30 days since the day of its delivery to the Buyer. The invoice/tax document shall contain all prerequisites of the tax document according to Act no. 235/2004 Coll., on value added tax, as amended. 4.4 The invoice shall state the information on the financing from the Operational programme Research, development and education within the project “European Spallation Source – CZ – OP” project, Project Registration Number – OP, Reg. No. CZ.02.1.01/0.0/0.0/16_013/0001794. 4.5 The invoice/tax document that does not contain the aforementioned data or contains incorrect or incomplete data may be returned by the Buyer to the Seller before the end of its stipulated maturity period. After the properly issued invoice/tax document is delivered the stipulated maturity period begins to run again. 4.6 The payment for the delivery can be made in the following currencies: Czech crown or euros. If the payment is made in euros, the amount of the payment must be specified in both currencies on the invoices (see below). Total price without VAT in CZK TO BE FILLED IN BY SELLER CZK Exchange rate CZK /EUR TO BE FILLED IN BY SELLER Total price without VAT in EUR TO BE FILLED IN BY SELLER EUR 4.7 The annex of the invoice/tax document shall be delivery note of the object of purchase. 4.8 If the provider is registered, by the day the taxable performance is provided, as an unreliable payer as defined in Article 106a of the VAT Act, the acquirer is entitle...
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The Price and Payment Terms. 4.1 The Buyer undertakes to pay the Seller: 28 778 CHF without VAT. The purchase price stated in the Contract is fixed and final, and it includes all the costs of the Seller associated with the fulfilment of its obligations under this Contract. If the Seller is headquartered outside the Czech Republic, the Seller shall not specify the VAT amount and the Total Price including VAT and the tax obligation shall be transferred to the Buyer. 4.2 The Buyer shall pay the Seller the purchase price in the agreed amount against the invoice/tax document issued by the Seller and delivered to the Buyer. 4.3 The invoice/tax document is due in 30 days since the day of its delivery to the Buyer. The invoice/tax document shall contain all prerequisites of the tax document according to Act no. 235/2004 Coll., on value added tax, as amended. 4.4 The invoice shall state the declaration that the invoiced performance is provided for the purposes of the Project: „Ultra-trace isotope research in social and environmental studies using accelerator mass spectrometry, Reg. No. CZ.02.1.01/0.0/0.0/16_019/0000728“. 4.5 The invoice/tax document that does not contain the aforementioned data or contains incorrect or incomplete data may be returned by the Buyer to the Seller before the end of its stipulated maturity period. After the properly issued invoice/tax document is delivered the stipulated maturity period begins to run again. 4.6 The annex of the invoice/tax document shall be delivery note of the object of purchase.
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The Price and Payment Terms. 4.1 The Buyer undertakes to pay the Seller: Total price without VAT 283.357,20 CZK Amount of VAT (21 %) --- CZK Total price incl. VAT --- CZK The purchase price stated in the Contract is fixed and final, and it includes all the costs of the Seller associated with the fulfilment of its obligations under this Contract. The Parties hereby agree on the price for Delivery provided in accordance with this Contract in the amount of CZK 283.357,20 excluding VAT in accordance with the requirements listed in Annex No. 1 to this Contract (hereinafter the “Price”). VAT shall be imposed on top of all payments made hereunder according to valid legislation. The applicable VAT rate is 0 % (because of intra community supply) and the Price including VAT is CZK 283.357,20. The contractor´s is not a VAT payer respect to the Czech Republic. 4.2 The Buyer shall pay the Seller the purchase price in the agreed amount against the invoice/tax document issued by the Seller and delivered to the Buyer. The invoice issued by the Contractor as a tax document must contain all information required by the applicable laws of the Czech Republic. Invoices issued by the Contractor pursuant to this Contract shall, in accordance with relevant legislation, contain particularly the following data: 1. Business name / name and registered office of the Client 2. Tax identification number of the Client 3. Serial number of the tax document 4. Scope and subject-matter of the performance, i.e. quantity. 4.3 The invoice/tax document is due in 30 days since the day of its delivery to the Buyer. The invoice/tax document shall contain all prerequisites of the tax document according to Act no. 235/2004 Coll., on value added tax, as amended. 4.4 The invoice shall state the information on the financing from the Operational programme Research, development and education within the project “European Spallation Source – CZ – OP” project, Project Registration Number – OP, Reg. No. CZ.02.1.01/0.0/0.0/16_013/0001794. 4.5 The invoice/tax document that does not contain the aforementioned data or contains incorrect or incomplete data may be returned by the Buyer to the Seller before the end of its stipulated maturity period. After the properly issued invoice/tax document is delivered the stipulated maturity period begins to run again. 4.6 The payment for the delivery can be made in the following currencies: Czech crown or euros. If the payment is made in euros, the amount of the payment must be specified in both currenci...
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The Price and Payment Terms. 4.1 The Buyer undertakes to pay the Seller prices in CHF listed in the Annex to this Contract. The purchase prices stated in the Annex to this Contract are fixed and final, and it includes all the costs of the Seller associated with the fulfilment of its obligations under this Contract (as the necessary fees, taxes, duties, costs of the approval process, carrying out prescribed tests, securing declarations of conformity, certificates and attestations, transfer of rights, insurance until the handover, transport costs or costs of any security the goods until they are properly handed over to the buyer, including the value of the warranty). The purchase price is independent of price developments and exchange rate changes. If the Seller is headquartered outside the Czech Republic, the Seller shall not specify the VAT amount and the Total Price including VAT and the tax obligation shall be transferred to the Buyer. 4.2 The price of each partial delivery is determined according to their content and scope specified in the call for delivery (partial order), based on the unit prices listed in Annex No. 1 of the Contract (Technical Specification). The contracting parties expressly confirm that, based on the Contract, without a specific call for delivery, the supplier is not entitled to any compensation and that the amount of the price of the deliveries does not depend in any way on the quantity of items ordered, nor on the actual quantity of deliveries to which the supplier will be invited. 4.3 The Buyer shall pay the Seller the purchase price in the agreed amount against the invoice/tax document issued by the Seller and delivered to the Buyer. 4.4 The invoice/tax document is due in 30 days since the day of its delivery to the Buyer. The invoice/tax document shall contain all prerequisites of the tax document according to Act no. 235/2004 Coll., on value added tax, as amended. 4.5 If the partial order contains the name of the project, the invoice for this order shall state the declaration that the invoiced performance is provided for the purposes of the Project: „RES-HUM - Ready for the future: understanding long-term resilience of the human culture reg. number CZ.02.01.01/00/22_008/0004593”. 4.6 The invoice/tax document that does not contain the aforementioned data or contains incorrect or incomplete data may be returned by the Buyer to the Seller before the end of its stipulated maturity period. After the properly issued invoice/tax document is delivered the stipul...
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The Price and Payment Terms. 3.1. The price shall be determined by the average of three consecutives days of one week prior to the ▇▇▇▇ of Lading (B/L) according to ▇▇▇▇▇’▇ US Gulf Coast Waterborne mean quotations for No. 2 oil. 3.2. In the event there is no quotation for the said Index on any of the three consecutive days referenced above, then the price shall be determined by the means of the quotations on the day immediately proceeding after unquoted date. 3.3. The payment to be affected by a electronic wire transfer payable seven (7) days in advance upon presentation of the following documents: 3.3.1. Seller’s signed commercial invoice in triplicate covering the Commodity. 3.3.1.1. Transfer of property from Seller to Buyer 3.3.1.2. Certificate of Quality and Quantity by SGS Lab
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Related to The Price and Payment Terms

  • Price and Payment Terms 3.1 In consideration of the provision of the Services by Provider as may be requested by the Trust pursuant to a SOW, and subject to the terms of this Agreement, the Trust will pay Provider the SOW Agreement Amount or SOW Fees as defined in and set forth in each executed SOW (or SOW Modification Memorandum issued by the Trust) for the Services expressly authorized in each such SOW. 3.2 Where the Services are provided on a time and materials basis, the fees payable for the Services shall be calculated in accordance with Provider's hourly fee rates as set forth in Provider’s proposal in response to the RFQ (the “Proposal”), which rates include all Provider personnel costs and wages, taxes, overhead, general and administrative expenses, and profit. Services shall be provided by the personnel designated in the Proposal and Provider shall not increase the hourly fee rates unless expressly agreed in writing in advance by the Trust. The Trust will reimburse Provider for reasonable direct costs and expenses incurred for the benefit of the Trust in connection with the Services, without mark-up. Provider shall exercise best efforts to perform and deliver the Services in the most efficient and cost effective manner, assigning only that level of staffing as is reasonably necessary to perform the particular task(s) at issue. Provider agrees to implement reasonable cost control measures so as to enable the full performance of Services as specified in an SOW within the Trust’s specified not to exceed SOW Fee. Provider shall issue invoices to the Trust monthly in arrears for its fees for the immediately preceding month, together with a detailed breakdown of allowable expenses for such month incurred in accordance with this Agreement. The total payments to Provider for Services specified in an executed SOW shall not exceed the SOW Fee set forth in the SOW unless expressly authorized in advance by the Trust through a written SOW Modification Memorandum. 3.3 Where Services are provided for a fixed price, the total fee for the Services shall be the amount set forth in the applicable SOW as the SOW Agreement Amount. The SOW Agreement Amount includes payment for all Services and materials and includes all Provider administrative and operating expenses with respect to the Services. The SOW Agreement Amount shall be paid to Provider upon completion and delivery of all required Services under an executed SOW and presentation of a final invoice by Provider. 3.4 Notwithstanding Section 3.3 of this Agreement, for certain Services to be performed at a fixed price, the Trust may require that an SOW provide for periodic payment of the SOW Agreement Amount in installments upon achievement of agreed upon milestones by specifying such method in an SOW. In such case, the SOW Agreement Amount shall be paid to Provider in installments, with each installment being conditioned on Provider achieving the corresponding milestone as set forth in the SOW (“Project Milestone”). On achieving a Project Milestone in respect of which an installment is due, Provider shall issue an invoice to the Trust for the amounts that are then payable. The Trust may require that Provider produce documentation or other evidence of satisfaction of each Project Milestone as a condition of payment. The total payments to Provider for Services specified in an executed SOW shall not exceed the SOW Agreement Amount in the applicable SOW unless expressly authorized in advance by the Trust through a written SOW Modification Memorandum. 3.5 Provider invoices must be submitted on Trust approved forms and must contain sufficient detail to allow proper cost allocation. Invoices must be accompanied by supporting documentation for all charges and costs. In lieu of mailing, invoices and supporting documentation may be submitted via electronic mail to ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇, with a copy to the Trust’s designated Agreement Administrator. Invoices require the following: (a) All invoices must include the Standard Services Agreement number. (b) All invoices must include Provider’s Federal Tax ID Number. (c) For a time and materials contract, all invoices must include a breakdown of work performed and expenses incurred during the invoice period and indicate the personnel who performed the services, the date of service, the nature of the work, the duration of the work, the rate charged therefor, and the cost of materials. Invoices will be paid by the Trust thirty (30) days following receipt of the required invoice and all supporting documentation. 3.6 By submitting any invoice or request for reimbursement, Provider is representing that the Services or costs identified in the invoice or request for reimbursement have actually been performed, provided or expended, are within the scope of the executed SOW, and that such costs and expenses are allowable in accordance with this Agreement. Provider will not be paid for any time, material, expense or services outside of an SOW or in excess of the SOW Fees or SOW Agreement Amount specified in an executed SOW unless expressly agreed in writing in advance by the Trust.

  • Purchase Price and Payment Terms 3.1 The Base Purchase Price for each Aircraft is * . 3.2 The Base Purchase Price shall be adjusted to determine the "Adjusted Base Purchase Price", as follows: 3.2.1 To include the cost of changes to the Customer Specification required by Buyer after the date hereof. 3.2.2 To include the cost of Regulatory Changes pursuant to the terms of Clause 2.3.2, except those paid directly by Buyer. 3.3 The Adjusted Base Purchase Price shall be adjusted to determine the "Purchase Price" to reflect changes in economic conditions * and (iii) the Adjusted Base Purchase Price shall not be adjusted for any period of delay of an Aircraft which is due to * 3.4 Buyer shall pay to Seller the Purchase Price for each Aircraft upon execution by Buyer of the Certificate of Acceptance for such Aircraft, provided, however, that with respect to any Aircraft delivered under a Lease Agreement, Buyer shall pay all amounts specified in the Lease Agreement due upon delivery of such Aircraft. 3.4.1 Subject to the conditions specified herein, the first Aircraft delivered under this Agreement shall be delivered to Buyer under a Lease Agreement. Buyer's obligation to pay the lease rentals due under such Lease Agreement shall be waived until the later of (i) March 1, 1997 or (ii) the date of completion of the J41 modification program currently being performed by Seller on Buyer's existing fleet of Jetstream 41 aircraft (the "Modification Program"), subject to the provisions of Section 3.4.2. 3.4.2 In the event the date of completion of the Modification Program is delayed due to reasons resulting from the acts or omissions of Buyer, the obligation to pay the lease rentals for such Aircraft shall occur on the date the Modification Program would have been completed if such acts or omissions of Buyer had not occurred. 3.5 Upon (i) delivery, acceptance and payment in full of the Purchase Price for each Aircraft in accordance with the terms of this Agreement, or, (ii) execution of a Lease Agreement on the Delivery Date for each Aircraft, * 3.6 All amounts payable by one party to the other pursuant to this Agreement shall be payable in U.S. Dollars in immediately available funds, by Federal Funds transfer or same day book entry transfer to the accounts specified in Exhibit E attached hereto.

  • Price and Payment Unless stated otherwise, the Charges are exclusive of value added tax (VAT) or any equivalent sales tax in any applicable jurisdiction. Unless stated otherwise, the Supplier shall invoice for the Charges monthly in arrears and all such invoices shall be accompanied by a statement setting out the Services and/or Goods supplied in the relevant month in sufficient detail to justify the Charges charged. Subject to clause 4.4 below, the British Council shall, unless agreed otherwise by the parties in writing, pay each of the Supplier’s valid and accurate invoices by automated transfer into the Supplier’s nominated bank account no later than 30 days after the invoice is received. Where there is an end client, the British Council shall not be obliged to pay any invoice to the extent that it has not received payment relating to that invoice from the end client. If the British Council fails to pay any sum properly due and payable (other than any sum disputed in good faith) by the due date for payment, the Supplier may charge interest on the amount of any such late payment at the rate of 4% per annum above the official bank rate set from time to time by the Bank of England. Such interest will accrue from the date on which payment was due to the date on which payment is actually made. The parties hereby acknowledge and agree that this rate of interest is a substantial remedy for any late payment of any sum properly due and payable Where the Supplier enters into a Sub-Contract, the Supplier shall: pay any valid invoice received from its subcontractor within 30 days following receipt of the relevant invoice payable under the Sub-Contract; and include in that Sub-Contract a provision requiring the counterparty to that Sub-Contract to include in any Sub-Contract which it awards provisions having the same effect as clause 4.6.1 of this Agreement.

  • Price and Payments 4.1. Prices are as stated in NEVION’s acknowledgement. All quotations are on ex works (factory) terms (as defined in INCOTERMS ®2010) and are exclusive of carriage, insurance, VAT or other charges and duties and also exclude any applicable fees or royalties. The price will include the licence fee for the Customer’s right to use any Software where a software licence is included with the Equipment unless otherwise stated in a quote or licence agreement. 4.2. The Customer is responsible for arranging transport and providing NEVION with timeous transport instructions. 4.3. Unless expressly stated in the order confirmation, receipt of payment in full in cleared funds is a condition precedent to NEVION’s obligation to ship Equipment or supply Services under a Contract. 4.4. Where payment terms require a letter of credit to be issued in favour of NEVION, the Customer shall arrange for an unconditional irrevocable letter of credit to be issued, and if required by NEVION, confirmed, by a first class bank or financial institution approved by NEVION and otherwise on terms as NEVION shall specify. 4.5. Where credit terms have been agreed, should the Customer fail to make payment in full by the due date, without prejudice to any other right or remedy available to NEVION, NEVION may: (a) terminate the Contract or suspend any further deliveries (whether under the same Contract or not) in accordance with condition 11; (b) appropriate any payment made by the Customer as it sees fit; (c) charge a monthly fee of 1.5%; (d) charge storage for any undelivered Equipment at its current rates;

  • Prices and Payment Terms A. Customer shall pay COMSTOR monthly recurring fees (the "Recurring Fees") which shall include charges for use and equipment storage in the Space (the "Collocation Fees"), as well as cross-connect fees (the "Cross-Connect Fees") and power charges (the "Power Charges"), if applicable. In addition to any Recurring Fees, Customer shall be charged non-recurring fees for build-out of the Space (the "Build-Out Charges"), including, where applicable, cross-connect installation fees and/or Dispatch Labor Charges, where applicable, all of which shall be set forth in the relevant Collocation Schedule and the Exhibits thereto. If Customer requests that COMSTOR provide services not delineated herein or in the collocation schedules at any time during the Term, such services shall be provided at prices mutually negotiated by the parties. B. Prices do not include taxes, except as specifically stated herein. Customer agrees to pay or reimburse COMSTOR for any applicable taxes that are levied based on the transactions hereunder, exclusive of COMSTOR's income taxes and real estate taxes on the Terminal Facility. Any such charges shall be invoiced and payable within the payment terms of this Agreement. COMSTOR agrees to provide Customer with reasonable documentation to support invoiced amounts for taxes within thirty (30) calendar days of receipt of a Customer written request. C. The Collocation Fee and/or Power Charges shall be increased by any increases or decreased by any decreases, incurred by COMSTOR and required under the lease relevant to the Premises in which the Space is located. Customer shall pay to COMSTOR its pro rata share of any such increases based on the number of square feet of the Space compared to the number of square feet leased by COMSTOR under the applicable lease. COMSTOR shall notify Customer of any such increase as soon as practicable. If such increases in the aggregate during the Term -------------------------------------------------------------------------------- 4 -------------------------------------------------------------------------------- exceed 3% then Customer shall have the right to terminate this agreement upon ninety (90) days written notice from COMSTOR, provided such notice is delivered to COMSTOR within thirty (30) days of COMSTOR's notice to Customer. D. All Recurring Fees shall be invoiced in the beginning of each month commencing on the first day of the Term as identified in the Collocation Schedule and thereafter, on the first day of each calendar month. Charges for partial months shall be prorated accordingly. All Recurring Fees shall be payable net sixty (60) days from date of invoice. Late payments shall be subject to late charges if payment is not received within the payment term period. The late payment charges will be calculated based on 1.5% per month of the unpaid amount. E. Customer agrees to reimburse COMSTOR for all reasonable repair or restoration costs associated with damage or destruction caused by Customer's personnel, Customer's agents, Customer's customers, or Customer's suppliers/contractors or Customer's visitors during the Term or as a consequence of Customer's removal of the Equipment or property installed in the Space.