Charges, Invoicing, Gain Share and Annual Price Adjustment Sample Clauses
Charges, Invoicing, Gain Share and Annual Price Adjustment. 11.1 In consideration of the provision of the Operational Services by the Supplier in accordance with the terms and conditions of this Agreement, DCC shall pay the Charges at the times and in the manner set out in this Agreement and the Charges shall constitute DCC’s entire payment liability for the Operational Services.
11.2 In respect of the Fixed Services, the Supplier shall issue a consolidated invoice to DCC in advance for the Charges on or shortly after the first Working Day of the calendar month during which the Fixed Services are to be performed. Any such invoices shall take into account any Service Credits which have been accrued in the immediately preceding month.
11.3 In respect of the Reactive Services, the Supplier shall issue a consolidated invoice to DCC in arrears on the last Working Day of the calendar month during which the Reactive Services were performed. Such invoice shall be reconcilable with the relevant Reactive Service Request(s).
11.4 Subject to clause 11.5 to 11.7 (inclusive), DCC shall pay the Charges which have become payable in accordance with this clause 11 and Schedule 2 (Financials) within 30 days of receipt of an undisputed and valid invoice from the Supplier.
11.5 All undisputed and valid invoices received by DCC from the Supplier in respect of the Operational Services shall be paid within 30 days of receipt. All invoices rendered by the Supplier to DCC and back up schedules are to be sent to:- and all supporting backing data must be complete and correct. DCC will be unable to process any invoices until all the correct data has been received from the Supplier.
11.6 Any invoices rendered by the Supplier to DCC shall only be deemed validly generated if they comply with DCC’s reasonable invoice requirements, which shall be notified to the Supplier in writing from time-to- time.
11.7 All Charges are firm, fixed and inclusive of all delivery, expenses, foreign currency fluctuation, inflation, loading and unloading costs and any other costs directly or indirectly incurred in connection with the performance of the Supplier’s obligations, except in the following instances:-
11.7.1 as a result of a Change pursuant to the Change Control Procedure; and
11.7.2 any adjustment to the Charges pursuant to the Price Adjustment Mechanism.
11.8 All Charges payable in connection with this Agreement are exclusive of value added tax (and any replacement or similar tax from time to time) which shall be paid at the rate and in the manner require...