26 Sep 7. Payment of Licence Fees
7.1 The Licensee will pay the fees as set out in the first schedule.
Unless specifically provided for in this agreement the Licensee will be liable for payment of fees for the part period from the date on which the licensee is granted access to conveyIT Maestro until the date of the first calendar day of the month following access to conveyIT Maestro. Otherwise, the Licensee will be liable for the fees from the date of the first invoice. All fees are payable monthly in arrears on or before the 20th day of the month following the date of the invoice.
7.2 Invoices for the fees will be payable by the Licensee by way of direct debit on the Payment Date unless expressly agreed otherwise between the Parties.
7.3 Following the Initial Term, CSL may vary the fees on 30 days written notice. If the Licensee does not agree to the fee increase they have a right to terminate the Agreement within 30 days of receipt of the notice of variation. If the Licensee does not exercise its termination right the continued use of the product will constitute binding acceptance of the variation.
7.4 Any fees or proportion of fees not paid by the Licensee will be subject to interest of 1.5% per month, calculated on a daily basis.
7.5 If the Licensee has been offered a trial period or any other discount and at completion of the trial period or discounted period the first or subsequent payments are dishonoured, CSL can charge in full an amount equivalent to the fees for the trial period or discounted period.
7.6 Any failure to pay shall constitute a breach of this agreement and CSL may immediately suspend and/or terminate the Licensee’s access to conveyIT Maestro.
7.7 Where the licensee’s access to conveyIT Maestro is suspended due to the failure to pay, access will be suspended until payment of all outstanding fees and any interest due is paid. Once payment is received access to conveyIT Maestro may be reinstated but without prejudice of any other rights or remedies of CSL
7.8 In the event of non-payment of any amounts payable by the Licensee under this agreement by the relevant payment date, the Licensee will pay all of the actual costs of any debt collection incurred by the Company in recovering the Fees and any applicable interest.