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 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.

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 in voices shall be sent to: Consolidated Freightways CorporationCorpo ration, 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 main tain 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 avail able funds on the day of the issuance of that payroll to such employees.