Invoicing and Collections Sample Clauses

Invoicing and Collections. Vendor shall be responsible for the invoicing and collection of all Vendor catered functions. Vendor shall accept purchase orders, departmental funds, checks, cash, credit cards, and debit/check cards as payment. If a University invoice is past due and Vendor has followed all steps of the approval and signature process and has a valid purchase order number, then the University’s Contract Administrator shall intercede to expedite payment of the invoice.
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Invoicing and Collections. Subject to Section 2 of the Consent and Agreement, Agent shall comply with the following provisions in connection with invoicing customers and collecting payments from customers on behalf of Ortec hereunder:
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Invoicing and Collections. Within a reasonable time after the Closing Date or earlier as mutually agreed, Buyer and Sellers will jointly notify the counterparties under the Contracts of the assignment thereof to Buyer, and provide payment and other instructions to such persons with respect thereto. As soon as practicable following the close of each calendar month after the Closing Date and until such time as Sellers have collected all Accounts Receivable that accrued on or prior to the Closing Date in respect of the Purchased Assets and the TRMS Business, Buyer and Sellers shall account to each other for all payments received by Buyer during the month then ended related to the Purchased Assets and the TRMS Business. Within three business days of such accounting, Buyer shall remit to Sellers any payments received by Buyer in respect of the Accounts Receivable. Following the close of the first calendar month after the Closing Date, Buyer shall remit to Sellers Buyer’s pro rata share of (i) the service fee for one Reuters license for its market data service for the period from the Closing Date through sixty calendar days after Closing Date; and (ii) the service charge for the Bloomberg marketing data service from the Closing Date through November 30, 2007. With respect to invoices issued by Buyer to TRMS Business clients for services provided to such clients by Sellers before the Closing Date, Sellers shall be entitled to that portion of the amounts received on such invoices for the period ending on and including the Closing Date, and Buyer shall be entitled to that portion of the amounts received on such invoices for the period beginning after the Closing Date. Buyer shall remit to Sellers its portion of such receipts within three business days of receipt thereof. For a period of not less than one year after the Closing Date, Buyer will maintain complete and accurate books and records sufficient to verify the accuracy of invoicing, collections, and payment obligations under this Section 10(d). Buyer will, upon at least 30 days’ advance notice from LION, allow an Accounting Referee to review such books and records at Buyer’s premises to the extent necessary to verify the accuracy payments due and payable to Sellers under this Section 10(d); provided, that any such review may be conducted not more than once during normal business hours and in a manner designed not to unreasonably interfere with Buyer’s ordinary business operations. If any such review reveals any under-reporting of colle...
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Related to Invoicing and Collections

  • Billing and Collection The Originating party shall xxxx and collect such information service charges and shall remit the amounts collected to the Terminating Party less:

  • Payments and Collections All funds received by the Agent in respect of any payments made by any Borrower on the Term Notes shall be distributed promptly on the date of receipt thereof by the Agent among the Banks, in like currency and funds as received, ratably according to each Bank’s Term Loan Percentage. All funds received by the Agent in respect of any payments made by any Borrower on the Revolving Notes, Revolving Commitment Fees or Letter of Credit Fees shall be distributed promptly on the date of receipt thereof by the Agent among the Banks, in like currency and funds as received, ratably according to each Bank’s Revolving Percentage. After any Event of Default has occurred, all funds received by the Agent, whether as payments by the Borrowers or as realization on collateral or on any guaranties, shall (except as may otherwise be required by law) be distributed by the Agent in the following order: (a) first to the Agent or any Bank that has incurred unreimbursed costs of collection with respect to any Obligations hereunder, ratably to the Agent and each Bank in the proportion that the costs incurred by the Agent or such Bank bear to the total of all such costs incurred by the Agent and all Banks; (b) next to the Agent for the pro rata account of (i) the Banks (in accordance with their respective Total Percentages) for application on the Notes and (ii) the Rate Protection Providers (in accordance with their outstanding and owed Rate Protection Obligations) for application on the Rate Protection Agreements; (c) next to the Agent for the account of the Banks (in accordance with their respective Revolving Percentages) for any unpaid Revolving Commitment Fees or Letter of Credit Fees owing by the Borrowers hereunder; and (d) last to the Agent to be held in the Holding Account to cover any outstanding Letters of Credit.

  • Remittance of Payments and Collections 13.18.1. All payments by any Lender to Agent shall be made not later than the time set forth elsewhere in this Agreement on the Business Day such payment is due; provided, however, that if such payment is due on demand by Agent and such demand is made on the paying Lender after 11:00 a.m. on such Business Day, then payment shall be made by 11:00 a.m. on the next Business Day. Payment by Agent to any Lender shall be made by wire transfer, promptly following Agent’s receipt of funds for the account of such Lender and in the type of funds received by Agent; provided, however, that if Agent receives such funds at or prior to 12:00 noon, Agent shall pay such funds to such Lender by 2:00 p.m. on such Business Day, but if Agent receives such funds after 12:00 noon, Agent shall pay such funds to such Lender by 2:00 p.m. on the next Business Day.

  • Invoicing and Payments II.4.1 Pre-financing: Where required by Article I.5.1, the Contractor shall provide a financial guarantee in the form of a bank guarantee or equivalent supplied by a bank or an authorised financial institution (guarantor) equal to the amount indicated in the same Article to cover pre-financing under the Contract. Such guarantee may be replaced by a joint and several guarantee by a third party. The guarantor shall pay to the Agency at its request an amount corresponding to payments made by it to the Contractor which have not yet been covered by equivalent work on his part. The guarantor shall stand as first-call guarantor and shall not require the Agency to have recourse against the principal debtor (the Contractor). The guarantee shall specify that it enters into force at the latest on the date on which the Contractor receives the pre-financing. The Agency shall release the guarantor from its obligations as soon as the Contractor has demonstrated that any pre-financing has been covered by equivalent work. The guarantee shall be retained until the pre-financing has been deducted from interim payments or payment of the balance to the Contractor. It shall be released the following month. The cost of providing such guarantee shall be borne by the Contractor.

  • Data Collection, Processing and Usage The Company collects, processes and uses the International Participant’s personal data, including the International Participant’s name, home address, email address, and telephone number, date of birth, social insurance number or other identification number, salary, citizenship, job title, any shares of Common Stock or directorships held in the Company, and details of all Equity Awards or any other equity compensation awards granted, canceled, exercised, vested, or outstanding in the International Participant’s favor, which the Company receives from the International Participant or the Employer. In granting the Equity Award under the Plan, the Company will collect the International Participant’s personal data for purposes of allocating shares of Common Stock and implementing, administering and managing the Plan. The Company’s legal basis for the collection, processing and usage of the International Participant’s personal data is the International Participant’s consent.

  • Administration and Collection SECTION 6.01.

  • Allocations of Finance Charge Collections The Servicer shall allocate to the Series 1997-1 Certificateholders and retain in the Collection Account for application as provided herein an amount equal to the product of (A) the Floating Allocation Percentage and (B) the Series 1997-1 Allocation Percentage and (C) the aggregate amount of Collections of Finance Charge Receivables deposited in the Collection Account on such Deposit Date.

  • Allocations of Collections 35 SECTION 10. Payments..................................................................................................47 SECTION 11.

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