Common use of Economic Terms Clause in Contracts

Economic Terms. The Vendor may invoice The Support fee in advance for 12 months at a time unless the Parties agree on another period in writing. The first time, the Support fee will be invoiced from the Effective date until December 31st the same year, thereafter it will be invoiced in October for the next calendar year. For each extra Product or location the Parties agree shall be a part of the Support Response, the Vendor can xxxx the Customer a separate Support fee from such day. There will be calculated a Support fee for the whole month from such day and until December 31st the same year (for the following year the Support fee will be increased accordingly). The Customer shall pay the agreed Support fee by the due date. Terms of payment shall be 14 days. In the event of late payment, the Vendor is entitled to interest on the amount due for payment pursuant to Act No. 100 of 17 December 1976 relating to Interest on Overdue Payments, etc. (The Act relating to Interest on Overdue Payments). All prices are specified exclusive of value-added tax (VAT) and other relevant taxes. In the event the Vendor must purchase products/services in foreign currency as part of its deliveries to the Customer, the exchange rate on the Vendor's invoice date shall be used. Delivery terms and conditions are Ex Works (Incoterms 2010). Additional Services are usually invoiced monthly in arrears. For Additional Services the Vendor’s normal hourly fees apply for assistance provided during the Vendor’s Service Period. Assistance between 4 p.m. and 8 p.m. on business days carries a surcharge of 50% of Vendor's ordinary hourly rate, and assistance between 8 p.m. and 8 a.m. on business days, Saturdays, Sundays, Christmas Eve, or on public holidays carries a surcharge of 100% on Vendor's ordinary hourly rate. In the event that changes are made to public taxes and charges that affect the Vendor's costs, after the Support Agreement has been entered into, the Vendor may, without prior notice, continue to incur such costs from the same time as such costs affect the Vendor's costs. In addition, the Vendor may perform annual price adjustments with effect from 1 January of the following year, with the higher of 2% or last year's change in the consumer price index (CPI) or consumer price index with labour as a dominant factor. Other price changes must be notified in writing, and such price changes can only be implemented 14 days after the notice has been sent.

Economic Terms. The price for the Cloud Account fee and agreed Additional Services shall appear on the order confirmation or the offer from the Vendor. The Vendor may invoice The Support the Customer for Cloud Account fee in advance for 12 months at a time unless the Parties agree on another if no other period has been agreed to in writing. The first First time, the Support Cloud Account fee will be invoiced from the Effective date Date until 31 December 31st the same year, and thereafter it will be invoiced in October for the next calendar year. For each extra Product or location the Parties agree shall be a part of the Support Response, the Vendor can xxxx the Customer a separate Support fee from such day. There will be calculated a Support fee for the whole month from such day and until December 31st the same year (for the following year the Support fee will be increased accordingly). The Customer shall within term of payment pay the agreed Support fee by the due dateCloud Account fee. Terms of payment shall be is 14 days. In the event of late payment, the Vendor is entitled to interest on the amount due for payment pursuant to Act No. 100 of 17 December 1976 relating to Interest on Overdue Payments, etc. (The Act relating to Interest on Overdue Payments). The Customer accepts that the Vendor has the right to deny the Customer access to the Cloud Account in the event of the Customer’s failure to pay the Cloud Account fee. All prices are specified exclusive of value-added tax (VAT) excluded VAT and other relevant taxestaxes and fees. In the event If the Vendor must purchase products/services in foreign currency as a part of its deliveries performance to the Customer, the exchange rate on the Vendor's date of invoice date shall for the Vendor will be used. Delivery terms and conditions are Terms of delivery is Ex Works (Incoterms 2010). Additional Services services are usually normally invoiced monthly in arrears. For The Vendor’s standard hourly rates apply for Additional Services performed in the Vendor’s normal hourly fees apply for assistance provided during the Vendor’s Service Period. Assistance from the Vendor between 4 p.m. 16 and 8 p.m. 20 on business working days carries a surcharge of 50entails an additional 50 % of to the Vendor's ordinary ’s standard hourly raterates, and assistance from the Vendor between 8 p.m. 20 and 8 a.m. 08 on business working days, SaturdaysSaturday, Sundays, Christmas Eve, or on New Year’s Eve and public holidays carries a surcharge of 100entails an additional 100 % on to the Vendor's ordinary ’s standard hourly raterates. In the event that changes are made to of amendments in public taxes and charges that affect fees subsequent to the Cloud Service Agreement, and which affects the Vendor's costs, after the Support Agreement has been entered into’s expenses, the Vendor may, may without prior notice, continue to incur further notice carry forward such costs expenses from the same time as such costs expenses affect the Vendor's costs’s expenses. In addition, the Vendor may perform without further notice conduct an annual price adjustments adjustment with effect from 1 January of the following year, year with the higher of 2% 2 per cent or last year's change ’s amendment in the consumer price index (CPI) or consumer price index with labour work wages as a dominant factor, whichever is highest. Other price changes must adjustments shall be notified in writing, and such price changes can adjustments may only be implemented carried out 14 days after the notice has been noticed is sent.

Economic Terms. The Vendor Supplier may invoice The Support fee in advance for 12 months at a time unless months, quarterly, monthly, or twice monthly the Parties agree on another period in writing. The For invoices issued for 12 months, the first time, time the Support fee will be invoiced from the Effective date until December 31st the same year, thereafter it will be invoiced in October December for the next calendar year. For each extra Product or location the Parties agree shall be a part of the Support Response, the Vendor Supplier can xxxx the Customer a separate Support fee from such day. There will be calculated a Support fee for the whole month from such day and until December 31st the same year (for the following year the Support fee will be increased accordingly). The Customer shall pay the agreed Support fee by the due date. Terms of payment shall be 14 10 days. In the event of late payment, the Vendor Supplier is entitled to interest on the amount due for payment pursuant to Act No. 100 of 17 December 1976 relating to Interest on Overdue Payments, etc. (The Act relating to Interest on Overdue Payments). All prices are specified exclusive of value-added tax (VAT) and other relevant taxes. In the event the Vendor Supplier must purchase products/services in foreign currency as part of its deliveries to the Customer, the exchange rate on the VendorSupplier's invoice date shall be used. Delivery terms and conditions are Ex Works (Incoterms 2010). Additional Services are usually invoiced monthly in arrears. For Additional Services the VendorSupplier’s normal hourly fees apply for assistance provided during the VendorSupplier’s Service Period. Assistance between 4 p.m. and 8 p.m. on business days carries a surcharge of 50% of VendorSupplier's ordinary hourly rate, and assistance between 8 p.m. and 8 a.m. on business days, Saturdays, Sundays, Christmas Eve, or on public holidays carries a surcharge of 100% on VendorSupplier's ordinary hourly rate. In the event that changes are made to public taxes and charges that affect the VendorSupplier's costs, after the Support Agreement has been entered into, the Vendor Supplier may, without prior notice, continue to incur such costs from the same time as such costs affect the VendorSupplier's costs. In addition, the Vendor Supplier may perform annual price adjustments with effect from 1 January of the following year, with the higher of 2% or last year's change in the consumer price index (CPI) or consumer price index with labour as a dominant factor. Other price changes must be notified in writing, and such price changes can only be implemented 14 days after the notice has been sent.

Economic Terms. The Vendor may invoice The Support fee in advance for 12 months at a time unless the Parties agree on another period in writing. The first time, the Support fee will be invoiced from the Effective date until December 31st the same year, thereafter it will be invoiced in October for the next calendar year. For each extra Product or location the Parties agree shall be a part of the Support Response, the Vendor can xxxx bill the Customer a separate Support fee from such day. There will be calculated a Support fee for the whole month from such day and until December 31st the same year (for the following year the Support fee will be increased accordingly). The Customer shall pay the agreed Support fee by the due date. Terms of payment shall be 14 days. In the event of late payment, the Vendor is entitled to interest on the amount due for payment pursuant to Act No. 100 of 17 December 1976 relating to Interest on Overdue Payments, etc. (The Act relating to Interest on Overdue Payments). All prices are specified exclusive of value-added tax (VAT) and other relevant taxes. In the event the Vendor must purchase products/services in foreign currency as part of its deliveries to the Customer, the exchange rate on the Vendor's invoice date shall be used. Delivery terms and conditions are Ex Works (Incoterms 2010). Additional Services are usually invoiced monthly in arrears. For Additional Services the Vendor’s normal hourly fees apply for assistance provided during the Vendor’s Service Period. Assistance between 4 p.m. and 8 p.m. on business days carries a surcharge of 50% of Vendor's ordinary hourly rate, and assistance between 8 p.m. and 8 a.m. on business days, Saturdays, Sundays, Christmas Eve, or on public holidays carries a surcharge of 100% on Vendor's ordinary hourly rate. In the event that changes are made to public taxes and charges that affect the Vendor's costs, after the Support Agreement has been entered into, the Vendor may, without prior notice, continue to incur such costs from the same time as such costs affect the Vendor's costs. In addition, the Vendor may perform annual price adjustments with effect from 1 January of the following year, with the higher of 2% or last year's change in the consumer price index (CPI) or consumer price index with labour as a dominant factor. Other price changes must be notified in writing, and such price changes can only be implemented 14 days after the notice has been sent.