Invoices; Payment Procedures Clause Samples

The 'Invoices; Payment Procedures' clause defines the process by which invoices are issued and payments are made under the agreement. It typically outlines the requirements for submitting invoices, such as the necessary details, format, and timing, as well as the timeframe within which payments must be made after receipt of an invoice. This clause ensures both parties have a clear understanding of the billing and payment expectations, reducing the risk of disputes over payment timing or documentation.
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Invoices; Payment Procedures. Service Provider shall invoice Service Recipient on a monthly basis for all Fees accrued with respect to the prior month. Fees shall be payable by Service Recipient within thirty (30) days after Service Recipient’s receipt of an invoice (the “Due Date”). All amounts (i) payable pursuant to the terms of this Agreement shall be paid to Service Provider as directed by Service Provider, and (ii) due and payable hereunder shall be invoiced and paid in U.S. dollars, except as may be expressly provided in any relevant Schedule hereto. A Service Recipient’s obligation to make any required payments under this Agreement shall not be subject to any unilateral right of offset, set-off, deduction or counterclaim, however arising.
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Invoices; Payment Procedures. Service Provider shall invoice Service Recipient on a monthly basis for all Fees accrued with respect to the prior month. Fees shall be payable by Service Recipient within thirty (30) days after Service Recipient’s receipt of an invoice (the “Due Date”). All amounts (i) payable pursuant to the terms of this Agreement shall be paid to Service Provider as directed by Service Provider, and (ii) due and payable hereunder shall be invoiced and paid in U.S. dollars, except as may be expressly provided in any relevant Schedule hereto. A Service Recipient’s obligation to pay any Fees under this Agreement shall be offset against any Fees payable to such Party in its capacity as Service Provider, in respect of the same period. Within five (5) days after invoicing, the Project Managers shall review the invoices for the prior calendar month and agree as to the net balance between each Service Recipient. Such net balance shall be payable by the applicable Service Recipient by the Due Date.
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Invoices; Payment Procedures. (a) Not later than 30 days after the end of each calendar month, Provider shall send Recipient an invoice that includes a detailed breakdown of all Service Fees for such month. All invoices shall be sent as follows: from FAF to Landair Corporation: from Landair Corporation to FAF : Landair Corporation Forward Air Corporation Attention: Controller Attention: Controller 430 ▇▇▇▇▇▇▇ ▇▇▇▇ 430 ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ Gree▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ All payments of such invoices shall be made by wire transfer or interbank transfer in immediately available funds to Provider's account at such banks as Provider shall designate to Recipient in writing and shall be made within 15 days after the date of any invoice. (b) Landair Corporation or one of its subsidiaries shall establish and maintain an account ("Payroll Account") from which FAF or one of its subsidiaries shall be authorized to draw in order to meet Landair Corporation's or one of its subsidiaries' gross payroll obligations, and Landair Corporation or one of its subsidiaries shall ensure that such Payroll Account is sufficiently funded at all times. Notwithstanding any other provision hereof, (i) Landair Corporation or one of its subsidiaries shall reimburse FAF or one of its subsidiaries for each payroll paid by FAF or one of its subsidiaries to the employees of Landair Corporation or one of its subsidiaries for the period contemplated above, to the extent that FAF or one of its subsidiaries elects to provide funds despite a deficiency in the Payroll Account, and (ii) Landair Corporation or one of its subsidiaries shall provide each such reimbursement by wire transfer of immediately available funds on the day of the issuance of that payroll to such employees.
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Invoices; Payment Procedures. (a) Not later than 30 days after the end of each calendar month Provider shall send Recipient an invoice that includes a detailed breakdown of all Service Fees for such month. All invoices shall be sent to: Consolidated Freightways Corporation, attention: Controller, mailing address: ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇. All payments of such invoices shall be made by wire transfer or interbank transfer in immediately available funds to Provider's account at such banks as Provider shall designate to Recipient in writing and shall be made within 15 days after the date of any invoice. (b) Recipient shall establish and maintain an account ("Payroll Account") from which Provider shall be authorized to draw in order to meet Recipient's gross payroll obligations, and Recipient shall ensure that such Payroll Account is sufficiently funded at all times. Notwithstanding any other provision hereof, (i) Recipient shall reimburse Provider for each payroll paid by Provider to the employees of the Recipient for the period contemplated above, to the extent that Provider elects to provide funds despite a deficiency in the Payroll Account, and (ii) Recipient shall provide each such reimbursement by wire transfer of immediately available funds on the day of the issuance of that payroll to such employees.
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Invoices; Payment Procedures. (1) Not later than 30 days after the end of each calendar month, Provider shall send Recipient an invoice that includes a detailed breakdown of all Service Fees for such month. All invoices shall be sent as follows to: from Landair to Logistics: from Logistics to Landair : Warehouse Logistics, LLC Landair Transport, Inc. Attention: Secretary Attention: Treasurer ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ All payments of such invoices shall be made by wire transfer or interbank transfer in immediately available funds to Provider's account at such banks as Provider shall designate to Recipient in writing and shall be made within 15 days after the date of any invoice. (2) Provider shall establish and maintain an account ("Payroll Account") from which Recipient shall be authorized to draw in order to meet Provider's gross payroll obligations, and Provider shall ensure that such Payroll Account is sufficiently funded at all times. Notwithstanding any other provision hereof, (i) Provider shall reimburse Recipient for each payroll paid by Recipient to the employees of Provider for the period contemplated above, to the extent that Recipient elects to provide funds despite a deficiency in the Payroll Account, and (ii) Provider shall provide each such reimbursement by wire transfer of immediately available funds on the day of the issuance of that payroll to such employees.
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Invoices; Payment Procedures. 6.1 The County will submit an invoice to the City quarterly, no later than March 31, June 30, September 30, and December 31, for Metro Transit's costs to provide City-funded transit service in accordance with Exhibits A and B for each 3-month period leading up to each invoice date. These quarterly invoices will be based on the Service Description and Annualized Hours, the fully allocated operating expense, fleet costs, and farebox recovery ratios developed in the King County budget process. Quarterly invoice amounts will each reflect one-fourth of the total annual budgeted operating expense and fleet expense, less the farebox recovery. 6.2 The estimated fully allocated Operating Expense, Fleet Costs and Farebox Recovery ratios are provided in Exhibit B and will be updated by the County in January of each year in the form of a new subpart to Exhibit B sent to the City. The Budget Process defined in Section 5.5 will determine the updates to Exhibit B that will be used for invoicing. 6.3 The City shall make payment within forty-five (45) days after receipt of an invoice. Should the City fail to pay the County the amount due within forty-five (45) days of receipt of a billing invoice from the County, a late payment assessment in the form of interest shall be applied to any outstanding balance due for that invoice. The late payment assessment shall be fixed at the maximum interest rate allowable under Washington state law on the date the payment was initially due.
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Invoices; Payment Procedures. 6.1 The County will invoice the City quarterly for Metro Transit's costs to provide City-funded transit service in accordance with Exhibits A and B; provided however, the first invoice, to be issued in October 2015, will cover service provided from June through September 2015. Subsequent invoice dates will be March 31, June 30, September 30 and December 31 of each year for service rendered in that quarter. . These quarterly invoices will be based on the Service Description and Annualized Hours, the fully allocated hourly rates, fleet costs and farebox recovery ratios developed in the King County budget process. 6.2 The estimated fully allocated hourly rates, fleet costs and farebox recovery ratios for 2015 are provided in Exhibit B-1. The estimated fully allocated hourly rates will be adjusted by the County in January each year, based on the anticipated per hour costs for that year. Any annual fleet cost adjustments will use the estimated purchase price of buses for the year in which the service will be implemented. The County will provide these adjustments to the City in the form of a new subpart to Exhibit B. 6.3 The City shall make payment within forty-five (45) days after receipt of an invoice. Should the City fail to pay the County the amount due within forty-five (45) days of receipt of a billing invoice from the County, a late payment assessment shall be applied to any outstanding balance due for that invoice. The late payment assessment shall be fixed at the maximum rate allowable under Washington state law.
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Invoices; Payment Procedures. 5.1 ▇▇▇▇▇▇ Transit will invoice the County and the City of Auburn at the end of each quarter for each Parties’ share based on one-third of the actual cost to operate the service during that quarter. The invoices will be based on the ▇▇▇▇▇▇ Transit service costs specified in Attachment A. 5.2 Estimates of the total service costs based on scheduled service hours are shown in Attachment A. These estimates will be adjusted in January each year, based on ▇▇▇▇▇▇ Transit’s fully allocated cost and the capital cost associated with the transit vehicles. ▇▇▇▇▇▇ Transit will provide the annual adjustments to King County and the City of Auburn for the service described in Attachment A. 5.3 The County and the City of Auburn shall make payment to ▇▇▇▇▇▇ Transit within forty-five (45) days after receipt of an invoice. Should either the County or the City of Auburn fail to pay ▇▇▇▇▇▇ Transit the amount due within forty-five (45) days of receipt of a billing invoice from ▇▇▇▇▇▇ Transit, a late payment assessment shall be applied to any outstanding balance due for that invoice. The late payment assessment shall be fixed at the maximum rate allowable under Washington State law.
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Invoices; Payment Procedures. (a) Not later than 30 days after the end of each calendar month Provider shall send Recipient an invoice that includes a detailed breakdown of all Service Fees for such month. All invoices shall be sent to: Consolidated Freightways Corporation, attention: Controller, mailing address: ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇. All payments of such invoices shall be made by wire transfer or interbank transfer in immediately available funds to Provider's account at such banks as Provider shall designate to Recipient in writing and shall be made within 15 days after the date of receipt of any invoice. (b) Notwithstanding any other provision hereof, (i) Recipient shall reimburse Provider for each
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