Interim Billing Sample Clauses

The INTERIM BILLING clause establishes the right for a party, typically a service provider or contractor, to issue invoices for partial payments at various stages throughout the duration of a project or contract, rather than waiting until completion. This means that as work progresses or certain milestones are achieved, the provider can bill for the portion of work completed to date. By enabling regular cash flow and reducing financial strain, this clause helps ensure that the provider is compensated in a timely manner and mitigates the risk of non-payment for completed work.
POPULAR SAMPLE Copied 1 times
Interim Billing. Interim ▇▇▇▇▇▇▇▇ and/or retainer replenishment requests may be submitted to the Client from time to time in the event the time charges of the Firm exceed the initial retainer. All interim ▇▇▇▇▇▇▇▇ and retainer replenishments shall be due and payable upon receipt unless otherwise stated. Any ▇▇▇▇ remaining unpaid for a period of ninety (90) days shall be subject to a service charge of one and one-half (1.5%) percent per month from the date the ▇▇▇▇ is rendered. This represents an annual rate of eighteen (18%) percent.
View Source
Interim Billing. Subject to the prior approval of the ---------------- Executive Committee, the Disbursing Agent may, from time to time, obtain an interim payment from each Participant by means of an Interim Billing to all Participants, for payment of unanticipated expenditures, which, in the absence of such interim payment, would result in the reduction at the end of the month of the sum of (i) the balance of the Operating Deposit and (ii) the amount of funds then remaining from the routine monthly ▇▇▇▇▇▇▇▇ to the minimum required amount of $5,300,000, or less. To the extent that any Interim Billing would result in the estimated Project Costs exceeding the then current six months' budget, such Interim Billing shall require approval, in advance, as provided in paragraph 37.3(c)(i) and (ii) above. Upon receipt of the aforesaid required approvals, the Disbursing Agent shall without ▇▇▇▇▇ ▇▇▇▇ each Participant for its pro-rata Ownership Share of the Interim Billing which shall -------- be the amount necessary to restore said minimum required balance to $5,300,000. Each Interim Billing shall be due and payable ten business days after issuance by the Disbursing Agent and any amount not paid by such date shall bear interest from said due date until the date of payment at the rate provided elsewhere in this Agreement. Each Interim Billing shall be accompanied by a letter from the Project Manager confirming the amount requested and the reason for the request. The Project Manager shall use its best efforts at all times to manage cash so as to avoid the need for interim ▇▇▇▇▇▇▇▇."
View Source

Related to Interim Billing

  • Measurement and Billing 5.6.1 For billing purposes, each Party shall pass Calling Party Number (“CPN”) information on each call carried over the Traffic Exchange Trunks at such time as the originating switch is equipped for SS7 and from all switches no later than December 31, 1998. At such time as either Party has the ability, as the Party receiving the traffic, to use such CPN information to classify on an automated basis traffic delivered by the other Party as either Local Traffic or Toll Traffic, such receiving Party shall bill the originating Party the Local Traffic termination rates, Intrastate Exchange Access rates, or Interstate Exchange Access rates applicable to each minute of Traffic for which CPN is passed, as provided in Exhibit A and applicable Tariffs. 5.6.2 If, under the circumstances set forth in subsection 5.6.1, the originating Party does not pass CPN on up to ten percent (10%) of calls, the receiving Party shall bill the originating Party the Local Traffic termination rates, Intrastate Exchange Access rates, Intrastate/Interstate Transit Traffic rates, or Interstate Exchange Access rates applicable to each minute of traffic, as provided in Exhibit A and applicable Tariffs, for which CPN is passed. For the remaining up to ten percent (10%) of calls without CPN information, the receiving Party shall bill the originating Party for such traffic as Local Traffic termination rates, Intrastate Exchange Access rates, Intrastate/Interstate Transit Traffic rates, or Interstate Exchange Access rates applicable to each minute of traffic, as provided in Exhibit A and applicable Tariffs, in direct proportion to the minutes of use of calls passed with CPN information. 5.6.3 If the originating Party does not pass CPN on more than ten percent (10%) of calls, or if the receiving Party lacks the ability to use CPN information to classify on an automated basis traffic delivered by the other Party as either Local Traffic or Toll Traffic, and the originating Party chooses to combine Local and Toll Traffic on the same trunk group, it will supply an auditable Percent Local Use (“PLU”) report quarterly, based on the previous three months’ traffic, and applicable to the following three months. If the originating Party also chooses to combine Interstate and Intrastate Toll Traffic on the same trunk group, it will supply an auditable Percent Interstate Use (“PIU”) report quarterly, based on the previous three months’ terminating traffic, and applicable to the following three months. In lieu of the foregoing PLU and/or PIU reports, the Parties may agree to provide and accept reasonable surrogate measures for an agreed-upon interim period. 5.6.4 Measurement of billing minutes for purposes of determining terminating compensation shall be in conversation seconds.

  • Monthly Billing Statements The Engineer shall request reimbursement of costs incurred by submitting the original and one copy of an itemized billing statement in a form acceptable to the State. The Engineer is authorized to submit requests for reimbursement no more frequently than monthly and no later than ninety (90) days after costs are incurred.

  • Fees and Billing As a condition of use, Subscriber agrees to pay when due all fees and charges for the service package it purchases including any new or additional services, any Custom Services, and for extensions or renewals of the Service Period (“Fees”). Payments shall be made in accordance with Subscriber’s ordering documents. All Fees are payable without offset or deduction and within thirty days of invoice date. All Fees are non-cancellable and non- refundable for the entirety of the Term, and the number or duration of users, storage, subscriptions, features, usage or other Metric purchased cannot be decreased during the Subscription Term. Fees are fixed only for the initial Service Period and Ricoh reserves the right to change the Fees and/or its fee structure in subsequent or renewal periods. Charges for any Custom Services may be invoiced separately by Ricoh. Nonpayment of any Fees shall be grounds for suspension of Services or termination of this Agreement.

  • Payment and Billing (a) STATION will, from time to time at intervals following broadcasts hereunder, bill AGENCY on behalf of Advertiser. AGENCY shall deliver payment to STATION at the address on the invoice within 15 days of the date of the invoice. (b) Any time of terrestrial radio broadcast on an invoice shall be accurate within 15 minutes. Any invoice identifying commercial announcements and their date and time of broadcasts, when sworn to by STATION, shall constitute an affidavit of performance or proof-of- performance. All invoices shall be deemed to be correct unless proven otherwise. (c) In the event that payment on any contract becomes past due and STATION in its sole discretion refers the contract to a collection agency or attorney for collection, the discount accorded to AGENCY under this contract will become null and void. (d) STATION is entitled to the maximum interest allowable by law on any past due balance. (e) In the event that STATION, in its sole discretion, refers this contract to a collection agency or attorney for collection, AGENCY will be responsible for all costs, including, but not limited to, reasonable attorney’s fees and costs and court costs, incurred. (f) Notwithstanding to whom invoices are rendered, AGENCY and Advertiser, jointly and severally, shall remain obligated to pay to STATION (i) the amount of any invoices rendered by STATION within the time specified and until payment in full is received by STATION; and (ii) any other amounts payable to STATION hereunder. Payment by Advertiser to AGENCY shall not constitute payment to STATION. (g) In the event any commercial announcements under this contract are purchased pursuant to a cooperative advertising arrangement, AGENCY is acknowledged to be the agent of the source of the cooperative advertising funds (hereinafter called “Vendor”) and Vendor shall be jointly and severally liable with AGENCY and Advertiser for payment in full of the entire cost of said announcements within the time specified and until payment in full is received by STATION. Payment by Vendor to AGENCY or Advertiser shall not constitute payment to STATION.

  • Billing Unless otherwise provided in the Grant Agreement, Grantee shall bill the System Agency in accordance with the Grant Agreement. Unless otherwise specified in the Grant Agreement, Grantee shall submit requests for reimbursement or payment monthly by the last business day of the month following the month in which expenses were incurred or services provided. Grantee shall maintain all documentation that substantiates invoices and make the documentation available to the System Agency upon request.