PAYMODE Clause Samples

The PAYMODE clause defines the method and manner in which payments are to be made under a contract. It typically specifies acceptable payment instruments, such as wire transfers, checks, or electronic funds transfers, and may outline the required banking details or payment platforms to be used. By clearly establishing the payment process, this clause helps prevent disputes over payment methods and ensures that both parties understand how and where funds will be transferred, thereby facilitating smooth financial transactions.
PAYMODE. Payments by state agencies using the State’s accounting system shall be made and remittance information provided electronically as directed by the State. These payments shall be deposited into the bank account of Contractor’s choice. The State may, at its sole discretion, require Contractor to electronically submit invoices and supporting documentation at any time during the term of this Agreement. Contractor understands and agrees that the State is exempt from the payment of taxes. All payments shall be in United States currency.
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PAYMODE. Payments by state agencies using Mississippi’s Accountability System for Government Information and Collaboration (MAGIC) shall be made and remittance information provided electronically as directed by the State. The State, may at its sole discretion, require the Vendor to submit invoices and supporting documentation electronically at any time during the term of this Agreement. These payments shall be deposited into the bank account of the Vendor’s choice. The Vendor understands and agrees that the State is exempt from the payment of taxes. All payments shall be in United States currency.
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PAYMODE. Payments by state agencies using the statewide accounting system shall be made and remittance information provided electronically as directed by MDEQ. These payments shall be deposited into the bank account of SUBRECIPIENT’s choice. MDEQ may, at its sole discretion, require SUBRECIPIENT to submit invoices and supporting documentation electronically at any time during the Period of Performance of this Agreement. SUBRECIPIENT understands and agrees that MDEQ is exempt from the payment of taxes. All payments shall be in United States currency.
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PAYMODE. Payments by state agencies using the State’s accounting system shall be made and remittance information provided electronically as directed by the State. These payments shall be deposited into the bank account of Vendor’s choice. The State may, at its sole discretion, require Vendor to electronically submit invoices and supporting documentation at any time during the term of this Agreement. Vendor understands and agrees that the MTC and MDOT are exempt from the payment of taxes. All payments shall be in United States currency.
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PAYMODE. Payments by state agencies using the Statewide Automated Accounting System (SAAS) shall be made and remittance information provided electronically as directed by the State. These payments shall be deposited into the bank account of the CONTRACTOR’s choice. The State may, at its sole discretion, require the CONTRACTOR to submit invoices and supporting documentation electronically at any time during the term of this Agreement. CONTRACTOR understands and agrees that the State is exempt from the payment of taxes. All payments shall be in United States currency.
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PAYMODE. Payments by state agencies using the State's accounting system shall be made and remittance information provided electronically as directed by DFA. These payments shall be deposited into the bank account of the Auditor's choice. DFA may, at its sole discretion, require the Auditor to electronically submit invoices and supporting documentation at any time during the term of this Contract. The Auditor understands and agrees that the State is exempt from the payment of taxes. All payments shall be in United States currency.
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PAYMODE. Payments by state agencies using the State's accounting system shall be made and remittance information provided electronically as directed by the State. These payments shall be deposited into the bank account of the Contractor's choice. The State may, at its sole discretion, require the Contractor to submit invoices and supporting documentation electronically at any time during the term ofthis Contract. The Contractor understands and agrees that the State is exempt from the payment of taxes. All payments shall be in United States currency. No payment, including final payment, shall be construed as acceptance of defective or incomplete work, and the Contractor shall remain responsible and liable for full performance. Financial Audit Services Contract - 2022 Page 20 of 42
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PAYMODE. Payments by state agencies using the Statewide Accounting System shall be made and remittance information provided electronically as directed by the State. These payments shall be deposited into the bank account of the TPA’s choice. The State, may at its sole discretion, require the TPA to submit invoices and supporting documentation electronically at any time during the term of this Contract. The TPA understands and agrees that the State is exempt from the payment of taxes. All payments shall be in United States currency.
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