Payment Terms; Late Payment of Your subscription fee for the applicable Subscription Term is due upon commencement of the Service. You will be subject to a late payment charge of 2% of the subscription fee for Your Subscription Term or $750.00 USD, whichever is higher, following Your failure to timely pay Your subscription fee when due.
Payment Terms; Late Payment. All rents, taxes, duties, expenses and any other amount due by the Lessee in accordance with this lease agreement are payable on their due date, which also serves as formal notice. Rent is payable at the Lessor’s address on the Lessor’s designated account, until the Lessee is notified of other arrangements. Taxes and duties, expenses and any other amount due by the Lessee under this lease agreement are payable at the Lessor’s address and by wire transfer to the Lessor’s designated account, until the Lessee is notified of other arrangements. Without prejudice to the Lessor’s other rights and remedies against the Lessee and to the terms of Article 16 below, in the event of non-payment of rents, expenses and/or any other amount owed by the Lessee under this lease agreement on the due date, interest shall accrue ipso jure on the owed amount automatically and without prior formal notice as of the due date, at the legal interest rate applicable for late payment in commercial transactions (see Law of 2 August 2002).
Payment Terms; Late Payment. All payments shall be net payments without deduction of any bank or transfer charges or similar payments with the exception of the withholding taxes payable in Germany under the law in force at the time of the payment, if applicable. The Joint Venture shall be entitled to withhold these taxes in the name and for the account of Lynx and shall immediately render to Lynx the tax receipt(s) setting forth the amount thus paid. If upon application of the beneficiary any withholding tax can be reduced, the Joint Venture will file on behalf of Lynx for such reduction. Lynx will provide the Joint Venture with a proxy. Except as otherwise specified herein, payments to be made to Lynx under this Agreement shall be due net [...***...] days after Lynx's invoice and shall be made in US Dollars by wire transfer to an account specified by Lynx. Each payment will reference the applicable Lynx invoice or otherwise describe in reasonable detail the obligation to which such payment relates. Any payment not paid on or before the payment due date shall bear interest, to the extent permitted by applicable law, at [...***...] rate of interest as reported, from time to time, by Bank of America NT&SA in San Francisco, California, until paid in full.
Payment Terms; Late Payment. Payment of Your license fee for the applicable License Term is due as set forth on the invoice You receive from Us. You will be subject to a late payment charge of 2% of the license fee for Your License Term or $750.00 USD, whichever is higher, following Your failure to timely pay Your license fee when due.
