Common use of Invoicing and Payment Procedures Clause in Contracts

Invoicing and Payment Procedures. Any amounts payable by Sorrent to Sprint are due to Sprint on a quarterly basis within 30 days after the end of each calendar quarter. Payments must be remitted to the following Sprint address: Sprint Dept CH 10615 Palatine, IL 60055-0615 In addition, on a quarterly basis Sorrent will, within 30 days after the end of each quarter, provide a report to Sprint at the above address that details the information listed below: (a) Total gross Other Service revenue (by category, if applicable). (b) Total gross electronic commerce revenue (by category, if applicable). (c) Total gross advertising revenue, if applicable, including the fair market value of any advertising consideration Sorrent receives as part of a non-cash transaction (by category, if applicable).