Payment on Invoice Sample Clauses
The Payment on Invoice clause establishes that payment for goods or services is due only after the supplier issues an invoice to the buyer. Typically, the clause specifies a timeframe—such as 30 days—within which the buyer must pay after receiving the invoice, and may outline acceptable methods of payment or consequences for late payment. This clause ensures clarity in the payment process by defining when the obligation to pay arises, helping both parties manage cash flow and avoid disputes over payment timing.
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Payment on Invoice i. DASNY may make payment directly to the Grantee in the amount of Eligible Expenses actually incurred by the Grantee, upon presentation to DASNY of:
1) the Payment Requisition Forms attached to this Agreement as Exhibit E and its attachments;
2) copies of invoices for Eligible Expenses from the Grantee’s contractor and/or vendor in a form acceptable to DASNY evidencing the completion of work; and
3) such additional supporting documentation as DASNY may require in order to clearly demonstrate that Eligible Expenses were incurred by the Grantee in connection with the Project described herein.
ii. The Grantee must deposit all Grant proceeds paid on invoice pursuant to this paragraph 5(b) into the Segregated Account established pursuant to Paragraph 4(d). All Eligible Expenses incurred in connection with the Project to be financed with Grant funds that are to be paid on invoice must be paid out of this account. The account shall not be used for any other purpose.
iii. The Grantee must provide proof of disbursement of Grant funds to the respective contractor and/or vendor in a form acceptable to DASNY, within sixty (60) days of the date that Grant funds are disbursed to the Grantee to pay for such costs. DASNY will not make any additional disbursements from Grant funds until such time as proof of payment is provided.
iv. Utilizing the Grant funds paid to the Grantee pursuant to this section for any purpose other than paying the contractors and/or vendors identified in the requisition documentation in the amounts set forth in the requisition shall constitute a default under this Agreement and shall, at a minimum, result in the denial of payment on invoice for subsequent requisitions.
v. DASNY may deny payment on invoice at its sole and absolute discretion, thereby restricting the method of payment pursuant to this contract to reimbursement subject to the terms of Section 5(a).
Payment on Invoice. The Subscriber will pay ASXO the Fees (if any) in respect of each calendar month within 30 days of the date of an invoice from ASXO.
Payment on Invoice eScreen will pay Clinic for the Clinic Services provided in accordance with this Agreement using its Auto Reimbursement system within 15 days following each calendar month for those Clinic Services provided in such calendar month. Clinic agrees not to invoice eScreen for Clinic Services to the extent paid via eScreen's Auto Reimbursement system. Any Clinic Services not paid via eScreen's Auto Reimbursement system will be identified by Clinic after reconciliation of eScreen invoices and submitted to eScreen for reimbursement on an eScreen adjustment correction form. eScreen will pay Clinic within 15 days after each calendar month for those Clinic Services performed in such calendar month following the eScreen's receipt of (i) a correct invoice for such Clinic Services and (ii) either a valid chain-of-custody number (on the form provided or approved by eScreen) or a correct Social Security number (or other federal identification number) related to such Clinic Services. Clinic shall pay eScreen within 15 days following the date of each invoice for eScreen Services and Products, and other amounts owing eScreen hereunder. Any amounts not timely paid by Clinic shall be subject to an interest charge of 1.5 % per month. Either party may, within a period of 180 days following the date any amount is obligated to be paid under this Agreement, make a written claim to the other party that such amount was incorrect or incomplete. If no such claim is timely made, then such party shall have waived its rights to make any such claim.
Payment on Invoice. Helloworld will pay the Supplier’s correctly rendered invoices within 30 days from the date of its receipt by Helloworld. Invoices may only be issued by the Supplier to Helloworld for a booking upon a Customer’s utilisation of booked services and/or products. Invoices must include the Customer’s name and the full booking reference number (eg. AU/123456).
Payment on Invoice. At the time of shipping the Products to NuVasive, Progentix shall invoice NuVasive for the Products included in such shipment. NuVasive shall pay each such invoice within thirty (30) days after the date thereof. NuVasive shall make all payments in United States dollars. Past due amounts will bear interest at the lower of a rate of one and one-half percent (1.5%) compounded annually and the maximum annual percentage rate permitted by law. If any portion of an invoice is disputed in good faith, then NuVasive shall pay the undisputed amounts as set forth herein and the parties shall use good faith efforts to reconcile the disputed amount as soon as practicable.