Advance Billings Clause Samples
The Advance Billings clause establishes the right for a party, typically a service provider or supplier, to invoice for goods or services before they are delivered or performed. In practice, this means the client or customer may be required to pay part or all of the contract price upfront, such as at the start of a project or upon signing an agreement. This clause helps ensure the provider receives necessary funds in advance, reducing financial risk and supporting cash flow management.
Advance Billings. OPERATOR shall have the ▇▇▇▇▇ ▇▇ require each PARTY to advance its respective share of estimated expenditures pursuant to Exhibit "C". As to any party who fails to pay its share of said advance payment within fifteen (15) days after receipt of such statement and invoice, Operator will notify such affected party of its default by certified mail, return receipt requested and if such party fails to cure the default within ten (10) days from the date of receipt of Operator's Notice, by payment in full of the outstanding invoices for advance payment, at Operator's election, the affected Party shall be deemed non-consent as to the proposed operation attributable thereto.
Advance Billings. Operator may require each Party to advance its resp▇▇▇▇▇▇ ▇hare of estimated expenditures pursuant to Exhibit "C".
Advance Billings. Operator shall have the ▇▇▇▇▇ ▇▇ require each Party to advance its respective share of estimated expenditures pursuant to Exhibit "C"; provided, however, that if the operations during the next succeeding month involves a major operation, such as spudding, drilling, sidetracking, completing, major workover, etc., Operator shall be required to demand and receive payment no later than five (5) days prior to commencing operations of each Party's proportionate share of the AFE amount (dry hole and plugging and abandonment in the case of a well proposal) for such major operation; and provided further, if any Party fails to timely pay its share of such estimated costs, Operator shall give notice referring to this provision to said Party via certified mail, and if said Party does not pay its share of such costs within five (5) days of receipt of said notice, said Party shall, at the option of the Consenting Parties, be deemed a Non-Consenting Party as to such operation.
Advance Billings. Unit Operator and each Sub-Operator shall have the right to require the parties in each WIPA to advance their respective shares of estimated Costs by submitting to such Parties on or before the 15th day of any month, an itemized estimate thereof for the succeeding month, with a request for payment in advance. Within fifteen (15) days thereafter, each party shall pay to Unit Operator or Sub-Operators its share of such estimate. Adjustments between estimated and actual Costs shall be made by Unit Operator and Sub-Operators at the close of each calendar month, and the accounts of such Parties shall be adjusted accordingly.
Advance Billings. As provided for in the provisions of Exhibit "C" attached hereto.