Common use of Belgium and Luxembourg Clause in Contracts

Belgium and Luxembourg. Replace the first sentence in the second paragraph of the above EMEA-wide text with the following: Any amounts not paid within the terms stated on the IBM invoice will be subject to a late payment fee that will be equal to 1% per period of 30 days, based on the outstanding balance VAT included, until paid in full. Late payment fees due will have to be paid at the end of each period of 30 days.

Appears in 7 contracts

Samples: International Passport Advantage Agreement, International Passport Advantage Agreement, International Passport Advantage Express Agreement

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