Invoicing and Timing of Payments Clause Samples
The "Invoicing and Timing of Payments" clause defines the procedures and schedule for billing and payment between parties in a contract. It typically outlines when invoices must be issued, the required format or supporting documentation, and the timeframe within which payments must be made after receipt of an invoice—such as payment within 30 days of invoicing. This clause ensures both parties have a clear understanding of financial expectations, helping to prevent disputes over payment timing and supporting smooth cash flow management.
Invoicing and Timing of Payments. Logistics shall invoice Lion monthly (or, in the case of Shortfall Payments, quarterly). Lion will make payments to Logistics on a monthly (or, in the case of Shortfall Payments, quarterly) basis during the Term with respect to services rendered - 13 - by Logistics under this Agreement in the prior month (or, in the case of Shortfall Payments, Contract Quarter) upon the later of (i) 10 days after its receipt of such invoice and (ii) 30 days following the end of the calendar month (or, in the case of Shortfall Payments, Contract Quarter) during which the invoiced services were performed. Any past due payments owed by Lion to Logistics shall accrue interest, payable on demand, at the Prime Rate from the due date of the payment through the actual date of payment. Payment of any Throughput Fees, Storage Fees or Shortfall Payments pursuant to this Section 2 shall be made by wire transfer of immediately available funds to an account designated in writing by Logistics. If any such fee shall be due and payable on a day that is not a Business Day, such payment shall be due and payable on the next succeeding Business Day.
Invoicing and Timing of Payments. The Logistics Entity shall invoice the Refining Entity monthly (or in the case of Shortfall Payments, quarterly), including for an estimated amount of Additional Throughput Fees calculated on an average basis for such month (with a true up in the invoice for the final month of each Contract Quarter for any overpayments or underpayments of Additional Throughput Fees during such Contract Quarter). The Refining Entity will make payments to the Logistics Entity by electronic payment with immediately available funds on a monthly (or in the case of Shortfall Payments, quarterly) basis during the Term with respect to services rendered by the Logistics Entity under this Agreement in the prior month (or, in the case of Shortfall Payments, Contract Quarter) upon the later of (i) ten (10) days after its receipt of such invoice and (ii) thirty (30) days following the end of the calendar month (or in the case of Shortfall Payments, Calendar Quarter) during which the invoiced services were performed. Any past due payments owed by the Refining Entity to the Logistics Entity shall accrue interest, payable on demand, at the Prime Rate from the due date of the payment through the actual date of payment. Payment of any Throughput Fees or Shortfall Payment pursuant to this Section 2 shall be made by wire transfer of immediately available funds to an account designated in writing by the Logistics Entity. If any such fee shall be due and payable on a day that is not a Business Day, such payment shall be due and payable on the next succeeding Business Day.
Invoicing and Timing of Payments. The Partnership Parties shall invoice the Company monthly (or in the case of Shortfall Payments, quarterly). The Company will make payments to the Partnership Parties on a monthly basis (or in the case of Shortfall Payments, on a quarterly basis) during the Term with respect to services rendered by the Partnership Parties under this Agreement in the prior month (or in the case of Shortfall Payments, Contract Quarter) upon the later of (i) ten (10) days after its receipt of such invoice and (ii) thirty (30) days following the end of the calendar month or Contract Quarter, as applicable, during which the invoiced services were performed. Any past due payments owed to the Partnership Parties hereunder shall accrue interest, payable on demand, at the Prime Rate from the due date of the payment through the actual date of payment. Payment of any Throughput Fees or Shortfall Payment pursuant to this Section 4.4 shall be made by wire transfer of immediately available funds to an account designated in writing by Partnership. If any such fee shall be due and payable on a day that is not a Business Day, such payment shall be due and payable on the next succeeding Business Day.
Invoicing and Timing of Payments. Logistics shall invoice DKTS monthly for Throughput Fees (or quarterly with respect to any shortfalls in the Minimum Quarterly Throughput Payment for that Contract Quarter). DKTS will make payments to Logistics on a monthly or quarterly basis, as applicable, during the Term with respect to services rendered by Logistics under this Agreement in the prior Month or Contract Quarter, as applicable, upon the later of (i) 10 days after its receipt of such invoice and (ii) 30 days following the end of the Month or Contract Quarter, as applicable, during which the invoiced services were performed. Any past due payments owed by DKTS to Logistics shall accrue interest, payable on demand, at the Prime Rate from the due date of the payment through the actual date of payment. Payment of any Throughput Fees pursuant to this Section 2 shall be made by wire transfer of immediately available funds to an account designated in writing by Logistics. If any such fee shall be due and payable on a day that is not a Business Day, such payment shall be due and payable on the next succeeding Business Day.
Invoicing and Timing of Payments. Logistics shall invoice DKTS monthly. DKTS will make payments to Logistics on a monthly basis during the Term with respect to services rendered by Logistics under this Agreement in the prior month upon the later of (i) 10 days after its receipt of such invoice and (ii) 30 days following the end of the calendar month during which the invoiced services were performed. Any past due payments owed by DKTS to Logistics shall accrue interest, payable on demand, at the Prime Rate from the due date of the payment through the actual date of payment. Payment of any Storage Fee pursuant to this Section 2 shall be made by wire transfer of immediately available funds to an account designated in writing by Logistics. If any such fee shall be due and payable on a day that is not a Business Day, such payment shall be due and payable on the next succeeding Business Day.
Invoicing and Timing of Payments. Except as provided in ▇▇▇▇▇▇▇ ▇(▇), ▇▇▇ shall invoice Delek monthly for the Rates and Fuel Surcharge. Delek will make payments for all non-disputed amounts to DKL on a monthly basis during the Term with respect to services rendered by DKL under this Agreement in the prior month upon the later of (i) 10 days after its receipt of such invoice and (ii) 30 days following the end of the calendar month during which the invoiced services were performed. Payment of any non-disputed amounts due pursuant to this Agreement shall be made by wire transfer in immediately available funds to an account designated in writing by DKL. If any such fee shall be due and payable on a day that is not a Business Day, such payment shall be due and payable on the next succeeding Business Day. The Parties may net any and all payments due hereunder against any and all payments due under any other contract and/or agreement between the Parties. Delek may dispute any invoice or statement by written notice within 30 days following the month in which such invoice or statement was rendered. Upon resolution of the dispute, any required payment shall be made within 30 days of such resolution.
Invoicing and Timing of Payments. The Company shall send invoices to the County for the aforementioned County Payment amounts to be paid pursuant to this Agreement. Each invoice shall document, to the reasonable satisfaction of the County: confirmation that the Company has complied with required preconditions to be eligible for the County Payments, including documentation to show that Company is current with its payment of property taxes and such additional information as may be reasonably requested by the County. Within 60 days after the County receives a County Payment invoice, with appropriate documentation, the County shall send the Company a check for the applicable County Payment.
Invoicing and Timing of Payments. (a) Owner shall invoice Customer monthly (or in the case of Shortfall Payments, quarterly) for all services rendered by Owner hereunder. All fees and charges reflected in Owner’s invoices and not subject to dispute by Customer are due and payable within 30 days of the date of receipt of Owner’s invoice. Payment of undisputed fees and charges must be made by electronic funds transfer of same day available federal funds to Owner’s account and bank, both as indicated on Owner’s invoice. Invoices may be sent by electronic mail and facsimile. (x) Payments that are not disputed and that are not made within the agreed or designated terms and (y) disputed amounts resolved in favor of Owner shall bear interest from the original due date per annum at (a) the Prime Rate plus 2% or (b) if such rate is prohibited by Applicable Law, then the highest rate allowed by Applicable Law. If Customer disputes any portion of an invoice, Customer must pay the undisputed portion of the invoice. Customer will pay all of Owner’s reasonable, out- of-pocket costs (including reasonable professional fees and court costs) of collecting past due payments and late payment charges. In addition, in the event that Customer is more than 90 days overdue in its payment obligations hereunder, and Owner has not elected to terminate this Agreement in accordance with its terms, Owner shall be excused from its obligations to perform the services until such delinquency is cured; provided, however, that Customer shall continue to be obligated to pay for any services performed.
(b) Customer will pay, and will indemnify and hold harmless Owner from and against, any and all sales, use, excise and similar taxes, fees or other charges and assessments imposed on the services provided hereunder. Customer will also pay, and will indemnify and hold harmless Owner from and against, any ad valorem or property ownership taxes, if any, on Customer’s Materials located at the Storage Facilities and Customer’s other property, if any. Owner shall be responsible for and pay all other applicable taxes levied upon Owner, including its own income and franchise taxes and ad valorem and other property taxes on the Assets themselves (but not on any Materials stored on or in the Storage Facilities). Owner and Customer shall fully cooperate in providing documentation, exemption, or resale certificates required by Applicable Law to document and establish qualifications for any sales, use, or other transaction tax exemptions avai...
Invoicing and Timing of Payments a. Payment will be made upon submissions by Subcontractor for properly documented Covered Services, using the online Invoice template provided by the (“CONTRACTOR”) as set forth in the Operations Manual. If travel and subsistence expenses are to be reimbursed, such expenses must be itemized and appropriate receipts attached to the Invoice. Prior authorization of any and all travel and subsistence expenses must be approved by (“CONTRACTOR”) prior to the activity or reimbursement request. The Invoice must be completed in full, and include the Subcontractor’s tax payer identification number (Social Security Number or Employer Identification Number).
b. The Invoice must be submitted by Subcontractor online by the 3rd day of the month after Covered Services were provided (e.g., an Invoice must be submitted for reimbursement by July 3rd, for all approved Covered Services provided and expenses incurred in the month of June). Invoices must be reviewed and approved by the (“CONTRACTOR”) Director of Programs. Invoices for Covered Services will not be approved until all Member Encounter Data Reports are complete for the requested Covered Services payment. Failure to follow this process will result in payment denial.
c. (“CONTRACTOR”) will promptly submit approved Invoices to the Health Plan for reimbursement. (“CONTRACTOR”) will pay Subcontractor within ten (10) business days following receipt of payment from the Health Plan for the Covered Services.