Common use of FEES AND PAYMENT SCHEDULE Clause in Contracts

FEES AND PAYMENT SCHEDULE. 2.1 In consideration for the provision by EXCALIBUR of the Services, the Client shall pay to EXCALIBUR a monthly fee of as agreed in the quotation (Fee). The Fee will be invoiced by EXCALIBUR to Client on a monthly basis and will become due and payable on the first day of each month. 2.2 EXCALIBUR may at its discretion suspend or cancel the provision of any of its services supplied to the customer if payment of any instalment of the Fee is not received within 5 days following the due date for payment under this clause 2.4. 2.3 Significant changes in resource time change of +/- 20% in a quarter will constitute a reason for EXCALIBUR implementing a cost adjustment (from Q2 of any support contract). 2.4 Excalibur has the right to review its standard Hosted Telephony Service charges at any time and will provide the customer with 30 days’ notice of any changes. The client has 30 days from receipt of this notice to cancel the agreement, providing 60 days’ notice of termination. 2.5 If any payment is not made within thirty (30) days of receipt of an invoice for such payment then EXCALIBUR may, without prejudice to its other rights, charge simple daily interest equivalent to an annual rate of 4% above the base rate of the bank that EXCALIBUR use from time to time on sums owing from the date when payment was due (being thirty (30) days after the date of invoice on disputed amounts determined to be due) until the date that EXCALIBUR receives payment of all sums outstanding including accrued interest. No interest shall be payable on any disputed amounts that are ultimately found (by a final court of competent jurisdiction) not to be payable.

FEES AND PAYMENT SCHEDULE. 2.1 In consideration for the provision by EXCALIBUR of the Services, the Client shall pay to EXCALIBUR a monthly fee of as agreed in the quotation (Fee)quotation. The Fee will be invoiced by EXCALIBUR to Client on a monthly basis and will become due and payable on the first day of each month. 2.2 . EXCALIBUR may at its discretion suspend or cancel the provision of any of its services supplied to the customer if payment of any instalment of the Fee is not received within 5 days following the due date for payment under this clause 2.4. 2.3 2.2 Significant changes in resource time change of +/- 20% in a quarter will constitute a reason for EXCALIBUR implementing a cost adjustment (from Q2 of any support contract). 2.4 2.3 Excalibur has the right to review its standard Hosted Telephony Service charges at any time and will provide the customer with 30 days’ notice of any changes. The client has 30 days from receipt of this notice to cancel the agreement, providing 60 days’ notice of termination. 2.5 2.4 If any payment is not made within thirty (30) days of receipt of an invoice for such payment then EXCALIBUR may, without prejudice to its other rights, charge simple daily interest equivalent to an annual rate of 4% above the base rate of the bank that EXCALIBUR use from time to time on sums owing from the date when payment was due (being thirty (30) days after the date of invoice on disputed amounts determined to be due) until the date that EXCALIBUR receives payment of all sums outstanding including accrued interest. No interest shall be payable on any disputed amounts that are ultimately found (by a final court of competent jurisdiction) not to be payable.