Common use of Billing for Services Rendered Clause in Contracts

Billing for Services Rendered. 4.1 ▇▇▇▇▇▇▇▇▇ shall ▇▇▇▇ FaciliCom for services rendered in accordance with this Agreement on a monthly basis. Each invoice shall be for a period of approximately thirty (30) calender days, depending upon data processing cutoff dates used by ▇▇▇▇▇▇▇▇▇. 4.2 If FaciliCom fails to pay or file a claim for an amount by the payment due date appearing on the ▇▇▇▇▇▇▇▇▇ invoice, late payment charges will accrue on the unpaid balance at the less of: The highest interest rate (in decimal value) allowed by state law or twelve percent (12%) per annum simple interest for the number of calendar days form the day following the payment due date up to and including the date payment is actually made. 4.3 The payment due date for each service invoice shall be the first business day that is not less than thirty (30) calendar days following the invoice preparation date. ▇▇▇▇▇▇▇▇▇ shall use its best efforts to mail the invoice on the invoice preparation date. 4.4 ▇▇▇▇▇▇▇▇▇ shall have the right to adjust the invoices sent to FaciliCom up to one (1) year following FaciliCom's receipt of the invoices in the event ▇▇▇▇▇▇▇▇▇ determines that an error in the cost allocation has been made.

Billing for Services Rendered. 4.1 ▇▇▇▇▇▇▇▇▇ shall ▇▇▇▇ FaciliCom for services rendered in accordance with this Agreement on a monthly basis. Each invoice shall be for a period of approximately thirty (30) calender calendar days, depending upon data processing cutoff dates used by ▇▇▇▇▇▇▇▇▇▇ in each state or Company. 4.2 If FaciliCom fails to pay or file a claim for an amount by the payment due date appearing on the ▇▇▇▇▇▇▇▇▇ invoice, late payment charges will accrue on the unpaid balance at the less of: The highest interest rate (in decimal value) allowed by state law or twelve percent (12%) per annum simple interest for the number of calendar days form from the day following the payment due date up to and including the date payment is actually made. 4.3 The payment due date for each service invoice shall be the first business day that is not less than then thirty (30) calendar days following the invoice preparation date. ▇▇▇▇▇▇▇▇▇ shall use its best efforts to mail the invoice on the invoice preparation date. 4.4 ▇▇▇▇▇▇▇▇▇ shall have the right to adjust the invoices sent to FaciliCom up to one (1) year following FaciliCom's receipt of the invoices in the event ▇▇▇▇▇▇▇▇▇ determines that an error in the cost allocation has been made.