Common use of Payments and Invoices Clause in Contracts

Payments and Invoices. Upon receipt of each Usage Report and/or Purchase Order from SP Reseller, or if SP fails to provide a timely Usage Report, the estimated amount as determined by Distributor or Trend Micro, SP Distributor shall invoice SP Reseller for the monthly Fees due to SP Distributor. All pricing and payment terms are established exclusively between SP reseller and SP distributor. As a material obligation of this Agreement, SP Reseller shall abide by and fulfill the terms as agreed upon between the SP Distributor and Reseller.