Common use of BILLABLE SERVICE TERMS AND RATES Clause in Contracts

BILLABLE SERVICE TERMS AND RATES. Billable service will be charged to the Buyer according to the Seller's billable rates in force at the time the service is carried out. All charges for billable service shall be paid by Buyer within the terms set in the sales order for any work sold on a sales order, otherwise within the due date on the invoice. Failure to comply with this shall cause a default of this Agreement. Interest will be charged on the past due balances at an annualized rate of 18% (1.5% per month) or the maximum allowed by law, whichever is less. Billable service calls, as defined herein, performed at Buyer's location will be charged at the minimum rate of $800 for the first eight hours. Each additional hour beyond the first eight will be charged at the Seller's current billable rates, plus transportation, lodging, and other related business expenses.

BILLABLE SERVICE TERMS AND RATES. Billable service will be charged to the Buyer according to the Seller's billable rates in force at the time the service is carried out. All charges for billable service shall be paid by Buyer within the terms set in the sales order for any work sold on a sales order, otherwise within the due date on the invoice. Failure to the comply with this shall cause a default of this Agreement. Interest will be charged on the past due balances at an annualized rate of 18% (1.5% per month) or the maximum allowed by law, whichever is less. Billable service calls, as defined herein, performed at Buyer's location will be charged at the a minimum rate of $800 for the first eight hours150.00 per hour. Each additional hour beyond the first eight will be charged at the Seller's current billable rates, plus transportation, lodging, and other related business expenses.