Prompt Payment Act Clause Samples

Prompt Payment Act. When payments by DIR or Customers are necessary under this CTSA, or a CSA, payment by Government Entities will be made in accordance with the Texas Prompt Payment law, Chapter 2251, Texas Government Code. Non-governmental entities shall follow Chapter 2251, Texas Government Code, in making payments due hereunder.

Prompt Payment Act. Payment by the City shall be made in accordance with Sections 218.70. et sq. Florida Statutes, Local Government Prompt Payment Act.

Prompt Payment Act. 14.1 The CITY as a municipal corporation is subject to the Local Government Prompt Payment Act, Chapter 218, Part VII, Fla. Stat. (as amended).

Prompt Payment Act. As described in Sections 4 and 5 hereof, Subrecipient agrees and acknowledges that payments made under this Agreement are from federal funds and contingent upon prior approval as to the allowability and eligibility of the costs for which payment is requested by both the Consortium and the RESTORE Council. Where applicable, Subrecipient is encouraged to include appropriate provisions regarding its obligations under chapter 218, Part VII, Florida Statutes, the Local Government Prompt Payment Act, stating that payment to subcontractors is contingent on receipt of federal funds or federal approval.

Prompt Payment Act a) In accordance with Texas Government Code Chapter 2251 (the “Prompt Payment Act”), invoices shall be submitted periodically for services performed and expenses incurred. Payment of each invoice will be due within thirty (30) days of receipt and should include the invoice number and project number. Interest will be added to accounts not paid within thirty (30) days of the City’s receipt of Consultant’s invoice at the rate provided for by the Prompt Payment Act beginning on the 31st day. If the City fails to make any payment that is not disputed with the above timeframe as provided for in the Prompt Payment Act, the Consultant may, after giving notice to the City, suspend services and withhold deliverables until all amounts due are paid in full. Due dates and interest assessments for payment will be adjusted to conform to any relevant future amendments or supersession of the Prompt Payment Act. b) If the City relies on payment or proceeds from a third party to pay Consultant, and City does not pay Consultant's invoice within sixty (60) days of receipt, Consultant may communicate directly with such third party to secure payment. c) If the City disputes any charge in an invoice, the City shall notify the Consultant in writing providing the details of the dispute within twenty-one (21) days of receipt of the invoice. If the City disputes a portion of the invoice, payment for the undisputed portion shall be due in accordance with paragraph 6(a). d) If the Consultant initiates legal proceedings to collect payment to the prevailing Party may recover its actual and reasonable attorneys' fees, experts' fees, and court costs.

Prompt Payment Act. The Virginia Prompt Payment Act, Code §§ 2.2-4347 et seq., as amended.

Prompt Payment Act. All funds held by MD ▇▇▇▇▇▇▇▇ are subject to the Texas Prompt Payment Act, Chapter 2251, Texas Government Code. CSP Agreement 10/24/2014 (OFPC) - 23 - MDA ver 2014 10 22 ses In accordance with the education requirements set forth in Section 6032 of the Deficit Reduction Act of 2005 (Act), MD ▇▇▇▇▇▇▇▇ has implemented, and Contractor agrees to abide by, the following policies, as may be subsequently amended, that are available at: ▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇▇.▇▇▇/about-us/doing-business/vendors- and-suppliers/index.html.

Prompt Payment Act. It is the policy of the state of Texas to make payment on a properly prepared and submitted invoice within thirty (30) days of the latter of any final acceptance of performance or the receipt of a properly submitted invoice, in conformance with the Texas Prompt Payment Act. Generally, payment will be made on the 30th day unless a discount has been arranged for more immediate payment.

Prompt Payment Act. SERVICE PROVIDER agrees that a temporary delay in making payments due to CITY' s accounting and disbursement procedures shall not place CITY in default of this Contract and shall not render CITY liable for interest or penalties, provided such delay shall not exceed thirty (30) calendar days after its due date. Any undisputed payment not made within thirty (30) calendar days of its due date shall bear interest in accordance with Chapter 2251 of the Texas Government Code.