Common use of Payment for the Services Clause in Contracts

Payment for the Services. The Provider hereby agrees to provide the Contractor with such services in exchange for consideration described herein under "Payment for the Services". The value of the services, mentioned in the “Scope and Manner of the Contract” is structured as follows: The cost service excluding VAT is 16,700 EUR equal to 32 662,36 BGN. The payment will be madeafter the execution of the task, the approval of the Provider and the signing of Handover Protocol. The payment will be made in one instalmentupon completion of the services described above. The payment will be ordered on the following Provider`s bank account: BANK NAME: Alpha bank IBAN: ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇ BIG/SWIFT: ▇▇▇▇▇▇▇▇ HOLDER: EXELIA E.E. The contract will be considered complete when the payment described above is completed which has to take place not later than one month after the approval of the services by the Provider. Should the Contractor fails to pay the Provider the full amount specified in the invoice issued after the signing of the Handover Protocol up to the date mentioned above, the Contractor has to pay a late fee equal to 0.1% per day added to the amount from the date (but not more than 10% of the contract amount)after the expire of the one month period. If the Contract is terminated in advance and one-sided by the provider, both parties will establish a joint statement of accounts showing all fees paid to that time, and itemizing work performed. If work performed exceeds fees paid to date, Provider will be paid by the Contractor for the unpaid work. If fees paid exceed work performed to date, Contractor will return unearned fees to the Provider.

Payment for the Services. The Provider hereby agrees to provide the Contractor with such services in exchange for consideration described herein under "Payment for the Services". The value of the services, mentioned in the “Scope and Manner of the Contract” is structured as follows: The cost service excluding VAT is 16,700 ……………… EUR equal to 32 662,36 BGN. The payment will be madeafter the execution of the task, the approval of the Provider and the signing of Handover Protocol. The payment will be made in one instalmentupon completion of the services described above. The payment will be ordered on the following Provider`s bank account: BANK NAME: Alpha bank …………………… IBAN: ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇ ………………………. BIG/SWIFT: ▇▇▇▇▇▇▇▇ ………………… HOLDER: EXELIA E.E. …………………….. The contract will be considered complete when the payment described above is completed which has to take place not later than one month after the approval of the services by the Provider. Should the Contractor fails to pay the Provider the full amount specified in the invoice issued after the signing of the Handover Protocol up to the date mentioned above, the Contractor has to pay a late fee equal to 0.1% per day added to the amount from the date (but not more than 10% of the contract amount)after the expire of the one month period. If the Contract is terminated in advance and one-sided by the provider, both parties will establish a joint statement of accounts showing all fees paid to that time, and itemizing work performed. If work performed exceeds fees paid to date, Provider will be paid by the Contractor for the unpaid work. If fees paid exceed work performed to date, Contractor will return unearned fees to the Provider.

Payment for the Services. The Provider hereby agrees to provide the Contractor with such services in exchange for consideration described herein under "Payment for the Services". The value of the services, mentioned in the “Scope and Manner of the Contract” is structured as follows: The cost service excluding VAT is 16,700 9.000,00 EUR equal to 32 662,36 17 602,47 BGN. The payment will be madeafter the execution of the task, the approval of the Provider and the signing of Handover Protocol. The payment will be made in one instalmentupon completion of the services described above. The payment will be ordered on the following Provider`s bank account: BANK NAME: Alpha bank :………………………… IBAN: ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇ BIG/SWIFT: ▇▇▇▇▇▇▇▇ …………………………………….. HOLDER: EXELIA E.E. ………………………………. The contract will be considered complete when the payment described above is completed which has to take place not later than one month after the approval of the services by the Provider. Should the Contractor fails to pay the Provider the full amount specified in the invoice issued after the signing of the Handover Protocol up to the date mentioned above, the Contractor has to pay a late fee equal to 0.1% per day added to the amount from the date (but not more than 10% of the contract amount)after the expire of the one month period. If the Contract is terminated in advance and one-sided by the provider, both parties will establish a joint statement of accounts showing all fees paid to that time, and itemizing work performed. If work performed exceeds fees paid to date, Provider will be paid by the Contractor for the unpaid work. If fees paid exceed work performed to date, Contractor will return unearned fees to the Provider.