Common use of PROMPT PAYMENT DISCOUNT Clause in Contracts

PROMPT PAYMENT DISCOUNT. Notwithstanding any other provision of this Agreement, University is entitled to a discount of % (Prompt Payment Discount) off of each payment that University submits within days after University’s receipt of Contractor’s invoice for that payment.

Appears in 6 contracts

Sources: Payment Agreement, Payment Agreement, Service Agreement

PROMPT PAYMENT DISCOUNT. Notwithstanding any other provision of this Agreement, University is entitled to a discount of % (Prompt Payment Discount) off of each payment that University submits within days after University’s receipt of Contractor’s invoice for that payment.

Appears in 2 contracts

Sources: Terms and Conditions, Payment Agreement