Common use of Fair Payment Clause in Contracts

Fair Payment. (a) The Library will, on demand by the Service Provider, pay simple interest on a daily basis on any overdue amount, at the rate for the time being fixed under section 2 of the Penalty Interest Rates Act 1983 (Vic). (b) For the purposes of clause 5.3(a), overdue amount means an amount (or part thereof) that: (i) is not, or is no longer, disputed in accordance with this Agreement; (ii) is due and owing under a tax invoice (as defined in the A New Tax System (Goods and Services Tax) ▇▇▇ ▇▇▇▇ (Cth)) properly rendered by the Service Provider in accordance with this Agreement; and (iii) has been outstanding for more than 30 days from the date of receipt of the invoice or the date that the amount ceased to be disputed, as the case may be.

Fair Payment. (a) The Library Department will, on demand by the Service Provider, pay simple interest on a daily basis on any overdue amount, at the rate for the time being fixed under section 2 of the Penalty Interest Rates Act 1983 (Vic). (b) For the purposes of clause 5.3(a), overdue amount means an amount (or part thereof) that: (i) is not, or is no longer, disputed in accordance with this Agreement; (ii) is due and owing under a tax invoice (as defined in the A New Tax System (Goods and Services Tax) ▇▇▇ ▇▇▇▇ (Cth)) properly rendered by the Service Provider in accordance with this Agreement; and (iii) has been outstanding for more than 30 days from the date of receipt of the invoice or the date that the amount ceased to be disputed, as the case may be.

Fair Payment. (a) The Library A Purchaser will, on demand by the Service Provider, pay simple interest on a daily basis on any overdue amount, at the rate for the time being fixed under section 2 of the Penalty Interest Rates Act 1983 (Vic). (b) For the purposes of clause 5.3(a8.3(a), overdue amount means an amount (or part thereof) that: (i) is not, or is no longer, disputed in accordance with this Agreement; (ii) is due and owing under a tax invoice (as defined in the A New Tax System (Goods and Services Tax) ▇▇▇ ▇▇▇▇ (Cth)) properly rendered by the Service Provider in accordance with this Agreement; and (iii) has been outstanding for more than 30 days from the date of receipt of the invoice or the date that the amount ceased to be disputed, as the case may be.