Early Payment Discount. The City of Houston’s standard payment term is to pay 30 days after receipt of invoice or receipt of goods or services, whichever is later, according to the requirements of the Texas Prompt Payment Act (Tex. Gov’t Code, Ch. 2251). However, the City will pay in less than 30 days in return for an early payment discount from Contractor as follows: Payment Time - 10 Days: 2% Discount Payment Time - 20 Days: 1% Discount
Early Payment Discount. Citizens and Vendor agree to an early payment discount where payment is net ten (10) calendar days of Citizens’ actual receipt of a complete and undisputed invoice. Citizens shall be entitled to reduce the invoiced amount by a two percent (2%) early payment discount. The invoice will be marked “early payment discount” by Citizens’ Contract Manager or designee.
Early Payment Discount. The City of Houston’s standard payment term is to pay 30 days after receipt of invoice or receipt of goods or services, whichever is later, according to the requirements of the Texas Prompt Payment Act (Texas Gov’t Code, Ch. 2251). However, the City will pay in less than 30 days in return for an early payment discount from vendor as follows: • Payment Time - 10 Days: 2% Discount• Payment Time - 20 Days: 1% Discount If the City fails to make a payment according to the early payment schedule above but does make the payment within the time specified by the Prompt Payment Act, the City shall not receive the discount, but shall pay no other penalty. When the payment date falls on a Saturday, Sunday, or official holiday when City offices are closed and City business is not expected to be conducted, payment may be made on the following business day.
Early Payment Discount. 4.1 The Authority shall be entitled to discount for early payment of invoices at the rate of percent for payment received by the Supplier within days after the Authority's receipt of the Supplier's valid original invoice.
Early Payment Discount. An early payment discount of ***** of the invoice amount will be granted if VOLARIS pays within ten (10) Days of invoice receipt.
Early Payment Discount. In the event that the full and proper payment for the Electricity is made by SOCOTECO I within seven (7) days from receipt of the invoice, SUPREME POWER shall grant SOCOTECO I a prompt payment discount equivalent to one percent (10/0) of the CRF portion of the Electricity Fees (exclusive of, O&M fees, fuel cost and any applicable charges and taxes), corresponding to the Electricity Fees billed for such Billing Month. All payments under the EST A shall be made in Pesos;
Early Payment Discount. On or before any quarterly payment due date, CSI may prepay the entire remaining obligation to pay Subsequent Payments by paying the quarterly payment then due in full, and the balance of quarterly payments remaining at a discount of $ 50,000 for each quarterly payment pre-paid. For example, on July 31, 2011, CSI could satisfy the remaining obligations due under this Agreement by paying the quarterly payment of $ 250,000 due on that date and an additional $ 1.0 million (5 payments of $ 200,000).