HIRE CHARGE. 5.1 SFS shall pay to the Owner during the term of hire the monthly hire charge of S$ for the Vehicle. Payments will be made on a monthly basis within 30 days after SFS’s receipt of the Owner's monthly invoice. 5.2 Where any part of a calendar month is included in the term of hire, the hire charge due and payable by SFS will be prorated in respect of such period. 5.3 The hire charge stated in Clause 5.1 is exclusive of Goods and Services Tax (“GST”) calculated by reference thereto. Such GST shall be paid by SFS. The Owner shall submit its tax invoices to SFS for payment of GST.
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Sources: Lease Agreement, Lease Agreement