Billing and Payment Process Clause Samples
The Billing and Payment Process clause defines the procedures and timelines for invoicing and settling payments between parties. Typically, it outlines when invoices must be issued, acceptable payment methods, and the timeframe within which payments are due, such as 30 days from receipt of invoice. This clause ensures both parties have a clear understanding of their financial obligations, reducing the risk of disputes and facilitating smooth financial transactions.
Billing and Payment Process. The billing and payment process shall be in accordance with Schedule 1.
Billing and Payment Process. This documentation shall be submitted with the invoice for payment to the Institution.
Billing and Payment Process. 11.3.1 [Not used]
11.3.2 [Not used]
11.3.3 [Not used] 16 ISO GRID OPERATIONS COMMITTEE; CHANGES TO ISO PROTOCOLS.
Billing and Payment Process. On a monthly basis, AUCS shall deliver to ISC a monthly invoice listing the charges and applicable taxes payable by Infonet for provision of the Services, rendered in the previous month, provided pursuant to this Agreement. ISC shall pay the AUCS Invoice within 60 days of receipt provided that, on the first anniversary of the Effective Date, the payment period shall be reviewed by the Parties with a view to reducing it to 45 days from receipt of invoices. ISC is expressly responsible for paying AUCS regardless of whether or not its customers have paid for their use of the applicable Services.
Billing and Payment Process. 1) As consideration for the DIA Services, the Wholesaler shall pay BTC the amounts outlined in Annex 4. All amounts stated are exclusive of Value Added Tax.
2) BTC shall issue to the Wholesaler within 30 Calendar Days of each billing period an invoice in writing or in such electronic form as may be agreed from time to time.
3) The Wholesaler shall pay the amount of the invoice no later than twenty (20) Working Days from the date of receipt of the relevant invoice
Billing and Payment Process. The basis for Contractor's initial compensation shall be based on a current annual count performed jointly by the Contractor and the City and approved by the City. The count will become effective with the commencement of service and shall be revised at the end of each month thereafter. The foregoing not withstanding, in the event of major population changes or number of service units increase by operation or unusual events such as annexations or development activities, either the City or the Contractor may request a special count be performed. The City will provide the Contractor with all available information on customer changes, other than a provided herein.
a. The City or its designee will act as the billing and collection agent for Residential Collection Services provided by Contractor pursuant to contract, including those accounts that are delinquent. At such time a delinquent account is collected by the City, payment will be made to the Contractor. The Contractor and City will review the customer list prepared by the City on a monthly or on a quarterly basis to address discrepancies between customers billed and customers collected.
b. The Contractor shall be entitled to payment for all curbside services included in the monthly rate for Residential Unit as such rates are collected by the City. Contractor shall submit statements to the City within ten (10) days following the end of the month and collect from the City for all services provided pursuant to Section 5.0, Scope and Nature of Service; provided the City shall only collect for monthly curbside services to Residential Units, and Contractor shall be responsible for billing and collecting for all special collections provided to Residential Units. The City shall be responsible for taking reasonable action to collect delinquent Residential Unit accounts.
c. Within thirty (30) days after the City receives the monthly statement for services provided to Residential Units by the Contractor, the City will send Contractor payment based on the unit count and funds actually collected. The payment by the City will include only the fees and charges collected by the City (including delinquents payments), fee and less any penalties or collection costs collected by the City. The City will give Contractor notice each month that identifies the Residential Units to which Contractor will not receive payment and services should be suspended or terminated. The City will give Contractor separate notice for monies coll...
Billing and Payment Process