Common use of CONSIDERATION Clause in Contracts

CONSIDERATION. 5.1 The Company shall pay IZSVe for all Services rendered pursuant to this Agreement a lump sum of Euro 36,000.00 (VAT excluded) against presentation of regular invoice, according to the following terms: - a first installment equal to 50% of the Consideration (i.e. Euro 18,000.00 taxes and pension fund included but VAT excluded) at the execution of this Agreement; - a final balance equal to 50% of the Consideration (i.e. Euro 18,000.00 taxes and pension fund included but VAT excluded) upon Final Report issue. Invoices may be sent by regular mail or e-mail. The payment shall be made by bank transfer using the following bank details: Beneficiary bank – Intesa San Paolo Bank account – IBAN ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇ BIC or SWIFT code – ▇▇▇▇▇▇▇▇. The Company undertakes to make all payments due under this Agreement within 30 days after the receipt of invoice by IZSVe. All payments by the Company shall constitute admission by the Company as to the performance by IZSVe of its obligations under this Agreement. 5.2 In case the of payment’s delay exceeds one hundred and eighty (180) days, IZSVe may terminate this Agreement pursuant to art.7 of this Agreement, without prejudice to its right to claim for further damages, if any.

CONSIDERATION. 5.1 The Company shall pay to IZSVe for all Services rendered pursuant to this Agreement a lump the sum of Euro 36,000.00 (…………………… ( taxes and pension fund included but VAT excluded) against presentation of regular invoice, according to the following terms: - a first installment equal to 50% of the Consideration (i.e. Euro 18,000.00 ………….. taxes and pension fund included but VAT excluded) at the execution of this Sub-Service Agreement; - a final balance equal to 50% of the Consideration (i.e. Euro 18,000.00 taxes and pension fund included but VAT excluded) upon Final Report issue. the termination of this Sub-Service Agreement; Invoices may be sent by regular mail or e-mail. The payment shall be made by bank transfer using the following bank details: Beneficiary bank – Intesa San Paolo Bank account – IBAN ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇ BIC or SWIFT code – ▇▇▇▇▇▇▇▇. The Company undertakes to make all payments due under this Sub-Service Agreement within 30 60 days after the receipt of invoice by IZSVe. All payments by the Company shall constitute admission by the Company as to the performance by IZSVe of its obligations under this Sub-Service Agreement. 5.2 . In case the of payment’s delay exceeds one hundred and eighty (180) days, IZSVe may terminate this Agreement pursuant to art.7 of this Sub-Service Agreement, without prejudice to its right to claim for further damages, if any.