FEES
4.1 RateGain shall invoice the Licensee for the “Set Up” cost and “Annual Subscription” at the time of signing of the contract and this amount would be due immediately.
4.2 RateGain shall invoice the licensee for the fees associated with subsequent renewals and the licensee needs to make the payments before the expiry date of the then, current subscription. Payments shall be considered due within thirty (30) days of the invoice’s date. Late payments bear interest of the lesser amount, between 1.5% of the monthly subscription and the maximum rate permitted by law.
4.3 Licensee is responsible for all wire transfer fees, bank charges and applicable national, state or local taxes, including without limitation, use tax, sales tax, income tax, withholding tax or any other taxes that may arise from the purchase of this Subscription by the Licensee in their area of jurisdiction due to the fact that Licensor is not registered as a business entity there or otherwise. All prices are subject to revision at the start of a Subscription period.
4.4 No waiver of Set-Up or Annual Subscription Fees would be allowed by RateGain to Licensee on account of non-usage, under-usage or any other reason relating to the Licensed Software or the Subscription.