Common use of Charges & Payment Clause in Contracts

Charges & Payment. 3.1 The Charges payable by the Client for the provision of the Services and Products shall be as set out on the Order. All prices are exclusive of VAT and travel (where applicable). 3.2 The Charges are payable within thirty (30) days of issue of a valid invoice. Payment from the Client to Devon County Council shall be by electronic means. Orders placed for the Financial Year will be invoiced annually at the beginning of the Financial Year. Purchases made for the Academic Year for Charges up to the value of £1500.00 3.3 All sums due from the Client to Devon County Council which are not paid on the due date (without prejudice to the rights of Devon County Council under this Agreement) shall bear interest from day to day at the annual rate of 4% over the daily base lending rate of Barclays Bank PLC. 3.4 Where relevant Charges are based on pupil numbers, Devon County Council will use the most recently available school census data (full time pupil equivalent figure) as the number on the roll or where the Client has updated the pupil numbers on the Devon Education Services Shop. 3.5 Without prejudice to Devon County Council’s right to claim costs under the Late Payment of Commercial Debts (Interest) Act 1998, if for any reason any payment is not made when due, Devon County Council reserve the right to be paid on an indemnity basis any cost incurred in recovering any money due under these Terms (such costs to include but not be limited to administrative costs and any legal costs incurred).