INVOICING AND PAYMENT PROCEDURE. 5.1 The City agrees to compensate Contractor for the Services performed and System provided in accordance with the terms and conditions of this Agreement. 5.2 Compensation and payments shall be made to Contractor by City based on Net Thirty (30) days payment terms. 5.3 City will make payments when due in the form of a check, cashier’s check, or wire transfer drawn on a U.S. financial institution.
Appears in 2 contracts
Sources: Agreement for the Purchase, Implementation, and Maintenance of a Parking Access and Revenue Control System, Fourth Amendment to the Agreement for the Purchase, Implementation, and Maintenance of a Parking Access and Revenue Control System