Common use of Invoice Processing Clause in Contracts

Invoice Processing. PWI shall invoice SHI monthly for the Services, itemizing the basis for each invoice amount. The amounts payable by SHI to PWI set forth in the Schedules do not include state or federal sales, use, excise, personal property, or other Taxes which may be levied or assessed in connection with this Agreement or the Services provided hereunder. SAMCO Companies shall be responsible for payment of and shall indemnify PWI against all such Taxes, excluding only Taxes based on PWI's net income.

Appears in 2 contracts

Sources: Transition Services Agreement (Penson Worldwide Inc), Transition Services Agreement (Penson Worldwide Inc)