Common use of Disputed Payments Clause in Contracts

Disputed Payments. If a bona fide dispute arises with respect to any invoice, Purchaser shall not be deemed in default under the Agreement and the Parties shall not suspend the performance of their respective obligations hereunder, including payment of undisputed amounts owed hereunder. If an amount disputed by Purchaser is subsequently deemed to have been due pursuant to the applicable invoice, interest shall accrue at the Stated Rate on such amount from the date becoming past due under such invoice until the date paid.

Appears in 11 contracts

Samples: Confidential and Proprietary, Services Agreement, Services Agreement

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Disputed Payments. If a bona fide dispute arises with respect to any invoice, Purchaser Buyer shall not be deemed in default under the this Agreement and the Parties shall not suspend the performance of their respective obligations hereunder, including payment of undisputed amounts owed hereunder. If an Payment of the disputed amount disputed by Purchaser is subsequently deemed to have been due pursuant to the applicable invoice, interest shall accrue at the Stated Rate on such amount from the date becoming past due under such invoice not be required until the date paiddispute is resolved in accordance herewith.

Appears in 1 contract

Samples: On Bill Credit Purchase Agreement

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Disputed Payments. If a bona fide dispute arises with respect to any invoice, Purchaser shall not be deemed in default under the Agreement and the Parties shall not suspend the performance of their respective obligations hereunder, including payment of undisputed amounts owed hereunder. If an amount disputed by Purchaser is subsequently deemed to have been due pursuant to the applicable invoice, interest shall accrue at the Stated Rate on such amount from the date becoming past due under such invoice until the date paid. 7.

Appears in 1 contract

Samples: Confidential and Proprietary

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