1

Payment

Business Day

1. •

   means a day [other than a Saturday, Sunday or public holiday ]in England;

Charges

1. •

   means the charges payable by Party B under this Agreement [set out in OR calculated in accordance with the provisions of] [insert reference to where charges are specified, eg the order form, charges schedule or relevant clause];

Commencement Date

1. •

   means [the date of this Agreement OR [insert date]];

Month

1. •

   means a calendar month, and ‘Monthly’ shall be interpreted accordingly;

Quarter

1. •

   means [a period of three consecutive calendar months, ending on 31 March, 30 June, 30 September or 31 December save that the first quarter shall be calculated from the Commencement Date and the last quarter shall end on the last day of this Agreement OR consecutive periods of three calendar months commencing on the Commencement Date and the last quarter shall end on the last day of this Agreement][ (and payment pro-rated accordingly)], and ‘Quarterly’ shall be interpreted accordingly;

VAT

1. •

   means United Kingdom value added tax[, OR and] any other tax