Common use of Subsequent Payments Clause in Contracts

Subsequent Payments. The parties agree that subsequent payments will be made after operational assembly and/or operational installation of the machine/plant at the Customer’s location, documented with the relevant acceptance protocol issued (further: the Acceptance), is completed. The parties accordingly agree that operational assembly and/or operational installation is not understood as complete delivery / performance. The confirmation of complete delivery / performance will take place upon Final Acceptance described in point 1.3.2. below. Nevertheless, Acceptance is the moment when the economic ownership of the installed machine / plant is transferred to the Customer. Acceptance means that all benefits, burdens and risks connected with possession of the machine / plant lie on the side of the Customer. Until Acceptance by the Customer, there will be no transfer of risks to the Customer, in particular risks related to the damage, break or destroy of the machine. Those risks will be transferred to the Customer only when Acceptance is completed. Once Acceptance is completed, the Supplier may issue an invoice for the remaining [40%] of the net order value plus VAT (further: Final invoice). This invoice will be paid in two installments:

Subsequent Payments. The parties agree that subsequent payments will be made after operational assembly and/or operational installation of the machine/plant at the Customer’s location, documented with the relevant acceptance protocol issued (further: the Acceptance), is completed. The parties accordingly agree that operational assembly and/or operational installation is not understood as complete delivery / performance. The confirmation of complete delivery / performance will take place upon Final Acceptance described in point 1.3.2. below. Nevertheless, Acceptance is the moment when the economic ownership of the installed machine / plant is transferred to the Customer. Acceptance means that all benefits, burdens and risks connected with possession of the machine / plant lie on the side of the Customer. Until Acceptance by the Customer, there will be no transfer of risks to the Customer, in particular risks related to the damage, break or destroy of the machine. Those risks will be transferred to the Customer only when Acceptance is completed. Once Acceptance is completed, the Supplier may issue an invoice for the remaining [40%] of the net order value plus VAT (further: Final invoice). The Customer is liable for settling the value added tax under reverse charge mechanism This invoice will be paid in two installments:

Subsequent Payments. The parties agree that subsequent payments will be made after operational assembly and/or operational installation of the machine/plant at the Customer’s location, documented with the relevant acceptance protocol issued (further: the Acceptance), is completed. The parties accordingly agree that operational assembly and/or operational installation is not understood as complete delivery / performance. The confirmation of complete delivery / performance will take place upon Final Acceptance described in point 1.3.2. below. Nevertheless, Acceptance is the moment when the economic ownership of the installed machine / plant is transferred to the Customer. Acceptance means that all benefits, burdens and risks connected with possession of the machine / plant lie on the side of the Customer. Until Acceptance by the Customer, there will be no transfer of risks to the Customer, in particular risks related to the damage, break or destroy of the machine. Those risks will be transferred to the Customer only when Acceptance is completed. Once Acceptance is completed, the Supplier may issue an invoice for the remaining [4050%] of the net order value plus VAT (further: Final invoice). This invoice will be paid in two installments:

Subsequent Payments. The parties agree that subsequent payments will be made after operational assembly and/or operational installation of the machine/plant at the Customer’s location, documented with the relevant acceptance protocol issued (further: the Acceptance), is completed. The parties accordingly agree that operational assembly and/or operational installation is not understood as complete delivery / performance. The confirmation of complete delivery / performance will take place upon Final Acceptance described in point 1.3.2. below. Nevertheless, Acceptance is the moment when the economic ownership of the installed machine / plant is transferred to the Customer. Acceptance means that all benefits, burdens and risks connected with possession of the machine / plant lie on the side of the Customer. Until Acceptance by the Customer, there will be no transfer of risks to the Customer, in particular risks related to the damage, break or destroy of the machine. Those risks will be transferred to the Customer only when Acceptance is completed. Once Acceptance is completed, the Supplier may issue an invoice for the remaining [4050%] of the net order value plus VAT (further: Final invoice). The Customer is liable for settling the value added tax under reverse charge mechanism This invoice will be paid in two installments: