Invoice Aging. No BTC Recipient will be required to pay any invoices issued by State Street or any third party more than three (3) months after the month on which the fees owed thereunder have accrued. Notwithstanding the foregoing, for any Services provided by any Subcontractor that is not an Affiliate of State Street, such three-month period shall not begin until State Street receives the invoice from the applicable Subcontractor, but in no event will a BTC Recipient be required to pay any invoices issued by State Street or any third party for such Subcontractor services more than fifteen (15) months after the month on which the fees accrued.
Appears in 10 contracts
Samples: Master Services Agreement (iShares Dow Jones-Ubs Roll Select Commodity Index Trust), Master Services Agreement (iShares U.S. ETF Trust), Master Services Agreement (iShares S&P GSCI Commodity-Indexed Investing Pool LLC)
