Invoices; Payment; Late Payment Sample Clauses
The "Invoices; Payment; Late Payment" clause establishes the procedures and requirements for billing and payment between parties. It typically outlines how and when invoices must be issued, the timeframe within which payments are due, and the consequences of failing to pay on time, such as the accrual of interest or late fees. By clearly defining these processes, the clause helps ensure timely payments, reduces disputes over billing, and provides a mechanism to address late or missed payments.
Invoices; Payment; Late Payment. CloudKnox shall invoice Customer monthly as of the last day of each month for all Fees, Expenses and applicable Taxes (as defined in Section 5.4) and including any related interest and/or penalties), due in that month. Each invoice is due and payable thirty (30) days following the invoice date. If CloudKnox has not received payment within five (5) days after the due date, interest shall accrue on past due amounts at the rate of one and one half percent (1.5%) per month, but in no event greater than the highest rate of interest allowed by law, calculated from the date such amount was due until the date that payment is received by CloudKnox. Customer shall reimburse CloudKnox for the reasonable costs of collection, including reasonable fees and expenses of attorneys.
Invoices; Payment; Late Payment. Unless otherwise specified in an Order, starting on the acceptance date pursuant to Clause 4.5.3 (Acceptance) of this Agreement, Avature shall invoice Customer for all Application Services Fees at the beginning of each billing cycle. Unless otherwise specified in an Order, Fees for Supplementary Professional Services shall be invoiced monthly in arrears at the end of each month, and are non-refundable once the work has been accepted by the Customer in accordance with Clause 4.5.3 (Acceptance). All invoices shall include applicable expenses and transaction taxes. Except for charges disputed in good faith by ▇▇▇▇▇▇▇▇, payments are due thirty (30) days from the date the Customer receives the invoice. Any disputed charges must be disputed in writing (e-mail is sufficient, providing a detailed description of the reason for the dispute) prior to the due date and will not affect Avature’s right to payment of undisputed charges. If Avature has not received payment within fifteen (15) days after the due date, interest shall accrue on past due amounts at the rate of one percent (1.0%) per month, or the maximum rate permitted by law, whichever is lower, calculated from the date such amount was due until the date that payment is received by Avature. Customer shall reimburse Avature for the reasonable costs of a successful collection action, including reasonable fees and expenses of attorneys.
Invoices; Payment; Late Payment. ▇▇▇.▇▇▇ shall invoice Customer on the first day of the month in which the annual subscription is due, for all Fees, Expenses and applicable Taxes (as defined in Section 5.4), and including any related interest and/or penalties), due in that month pursuant to the applicable Quotation(s). This invoice is due on Net 30 terms from the date that is generated by ▇▇▇.▇▇▇. Interest shall accrue on past due amounts at the rate of one and one half percent (1.5%) per month, but in no event greater than the highest rate of interest allowed by law, calculated from the date such amount was due until the date that payment is received by ▇▇▇.▇▇▇. Customer shall reimburse ▇▇▇.▇▇▇ for the reasonable costs of collection for unpaid and past due invoices, including reasonable fees and expenses of attorneys. ▇▇▇.▇▇▇ retains the right to suspend the services to the Customer if an invoice to Customer remains outstanding for more than sixty (60) days.