Common use of Invoice Credit Clause in Contracts

Invoice Credit. If the Contractor fails to meet the service level target, the Contractor will provide fifty dollars ($50.00) in Invoice Credit on the affected order’s invoice per calendar day late beyond the approved delivery date. There is, however, a five (5) calendar day grace period after the approved delivery date. If for any late order, the commodity is still not delivered after grace period ends, the Invoice Credit calculation will be triggered and will include the days of the grace period.

Invoice Credit. If the Contractor fails to meet the service level target, the Contractor will provide fifty dollars ($50.00) in Invoice Credit on the affected order’s invoice per calendar day late beyond the approved delivery delivery/pick up date. There is, however, a five (5) calendar day grace period after the approved delivery delivery/pick up date. If for any late order, the commodity warrant stock is still not delivered delivered/ready for pick up after grace period ends, the Invoice Credit calculation will be triggered and will include the days of the grace period.