Payment Terms and Conditions Clause Samples

The Payment Terms and Conditions clause defines the rules and expectations regarding how and when payments must be made between parties in a contract. It typically outlines the payment schedule, acceptable methods of payment, any applicable late fees, and the process for handling disputes over invoices. By clearly specifying these details, this clause helps prevent misunderstandings, ensures timely payments, and provides a framework for resolving payment-related issues.
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Payment Terms and Conditions. 60.5.1. In addition to the payment terms and conditions contained in other Sections of this Agreement, the originating Party shall pay to the transiting Party a transit service charge as set forth in Table One. 60.5.1.1. CLEC shall pay a transit rate as set forth in Table One of this Part when CLEC uses a Sprint access tandem to terminate a local or ISP-bound call to a third party LEC or another CLEC. Sprint shall pay CLEC a transit rate equal to the Sprint rate referenced above when Sprint uses a CLEC switch to terminate a local call to a third party LEC or another CLEC.
Payment Terms and Conditions. 67.6.1 CLEC shall pay a Transit Service Charge as set forth in Table 1 for any Transit Traffic routed to CenturyLink by CLEC. 67.6.2 CLEC shall be responsible for payment of Transit Service charges on Transit Traffic routed to CenturyLink by CLEC and for any charges assessed by the terminating carrier. CLEC agrees to enter into traffic exchange agreements with third-parties prior to routing any Transit Traffic to CenturyLink for delivery to such third parties, and CLEC will indemnify, defend and hold harmless the Transit Service provider against any and all charges levied by such third-party terminating carrier with respect to Transit Traffic, including but not limited to, termination charges related to such traffic and attorneys’ fees and expenses.
Payment Terms and Conditions. Late Payment: Payments, including late payment charges, will be paid in accordance with the State Prompt Payment Act and rules when applicable. 30 ILCS 540; 74 III. Adm. Code 900. This shall be Vendor’s sole remedy for late payments by the State. Payment terms contained on Vendor’s invoices shall have no force and effect.
Payment Terms and Conditions. 62.5.1 CLEC shall pay a Transit Service Charge as set forth in Table 1 for any Transit Traffic routed to CenturyLink by CLEC for any traffic terminating to an entity other than a CenturyLink affiliate operating as an Incumbent Local Exchange Carrier. 62.5.2 CLEC shall be responsible for payment of Transit Service charges on Transit Traffic routed to CenturyLink by CLEC and for any charges assessed by the terminating carrier. CLEC agrees to enter into traffic exchange agreements with third- parties prior to routing any Transit Traffic to CenturyLink for delivery to such third parties, and CLEC will indemnify, defend and hold harmless CenturyLink against any and all charges levied by such third-party terminating carrier with respect to Transit Traffic, including but not limited to, termination charges related to such traffic and attorneys’ fees and expenses.
Payment Terms and Conditions. 70.4.1. CLEC shall pay a Transit Service rate as set forth in Table One for any Transit Traffic routed to Embarq by the CLEC. 70.4.2. CLEC may be required to pay Embarq the Transit Service rate for Transit Traffic routed by an ILEC to Embarq for delivery to CLEC.
Payment Terms and Conditions. In addition to the payment terms and conditions contained in other Sections of this Agreement, the Parties shall compensate each other for transit service as follows:
Payment Terms and Conditions. A. The Contractor certifies that all information the Contractor has provided or will provide to MCPS is true and correct and can be relied upon by MCPS in awarding, modifying, making payments, or taking any other action with respect to the Contract including resolving disputes. Any false or misleading information is a ground for MCPS to terminate the Contract pursuant to Article 13 and/or pursue any other appropriate remedy. The Contractor certifies that the Contractor’s accounting system conforms to generally accepted accounting principles, is sufficient to comply with the Contract’s obligations, and produces reliable financial information. B. The prices, rates and other compensation for work performed is as described in the Contract. C. The Contractor’s invoices shall be approved for payment by the MCPS Project Contact only after the MCPS Project Contact is satisfied that the Contractor is performing the work and has prepared the invoice as required by the Contract. Prior to approving any Contractor invoices for payment, MCPS, through any authorized representative, has the right at all reasonable times to inspect, or otherwise evaluate, the work performed or being performed at the premises on which it is being performed. If any inspection or evaluation is made by MCPS on the premises of the Contractor or any of its subcontractors, the Contractor shall provide and shall require its subcontractors to provide all reasonable facilities and assistance for the safety and convenience of MCPS representatives in the performance of their duties. All inspections and evaluations shall be performed so that they will not unduly delay the work. D. Within thirty (30) days after receipt of each invoice and accepting the work, MCPS shall, except as provided in the Contract, pay for the work performed when approved by the MCPS Project Contact. A payment schedule will be jointly developed between MCPS and the Contractor. MCPS reserves the right to submit payment using an electronic payment method, such as credit card, Single Use Account, or Automated Clearing House. The Contractor shall not assess MCPS with any additional charge, fee, or price for the use of these electronic payment methods. E. Regardless of any other provisions of the Contract, failure of the Contractor to submit required reports when due or failure to perform or deliver acceptable work, deliverables, products, or services will result in MCPS withholding payments under the Contract unless such failure aris...
Payment Terms and Conditions. 43.4.1 Carrier will pay CenturyLink transit charges for Transit Traffic as set forth in Table 1.
Payment Terms and Conditions. The participant shall be granted the individual support and the travel allowance well in advance, but no later than on the first day of the mobility of the participant at the receiving institution. However, if the participant fails to appear at the relevant department of the UPJŠ ▇▇▇▇▇▇´s Office on the first day of their mobility, later payment shall also be accepted.
Payment Terms and Conditions. In addition to the payment terms and conditions contained in other Sections of this Agreement, the originating Party shall pay to the transiting Party a transit service charge as set forth in Table One.