Common use of Invoices; Payment Procedures Clause in Contracts

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.