Common use of Invoice and Payment Schedule Clause in Contracts

Invoice and Payment Schedule. As full consideration and compensation for Contractor’s performance of the required Services and the Contract, FCSS shall pay Contractor as follows: Services that Contractor performs in accordance with the Contract, to be invoiced monthly and billed at a meal unit price of $ per breakfast, $ per lunch, and $ per snack for all delivered meal units, as confirmed by delivery receipts, and the sum of which shall not exceed the “Contract Amount” of $350,000.00. Contractor shall submit each invoice to FCSS monthly by no later than the 15th day of the month immediately following the last day of the month for which Contractor requests payment. FCSS shall pay Contractor within 30 days after: (A) Contractor has completed, in accordance with the Contract, the Services required of Contractor for the period for which Contractor requests payment; and (B) FCSS has received and approved Contractor’s invoice, which shall comply with the requirements in B below and Section 2.2. B.