Common use of Overpayment and Underpayment Clause in Contracts

Overpayment and Underpayment. If Seller receives a settlement payment from CBQ that is greater than the Amount Due, Seller shall refund the amount of the overpayment to CBQ within thirty (30) days of Seller's receipt of a CBQ invoice and records showing proof of overpayment. In the event of an underpayment by CBQ, Seller agrees to submit to CBQ an invoice which contains the applicable Buyer Order number, the manufacturer (if applicable), the items description or serial number (if applicable), the payment amount, the debit amount, and the tax amount. CBQ shall pay any undisputed sums therefor within thirty (30) days from CBQ's receipt of such invoice.