Common use of Net Clause in Contracts

Net. whether each student resided in the district being charged for services during that billing period. • The District/School agrees to pay the AIU the price for each program or service as listed in the Services Guide. • A late payment charge of 1% per month on any unpaid balance shall be applied to any account that is more than 60 days past due. • Tuition for the AIU’s Special Education Centers and the cost of speech, hearing and vision services will be invoiced and paid in installments in accordance with the schedule below: Invoice Date Invoicing for Center Tuition and for Speech, Hearing and Vision Services September 16, 2019 Billing for Special Education Services anticipated for August through October based on student information in the Special Education Database as of September 1, 2019. November 11, 2019 Billing for Special Education Services anticipated for November through December based on student information in the Special Education Database as of November 1, 2019. ** Billing adjustments resulting from the September 16th billing will be included. January 15, 2020 Billing for Special Education Services anticipated for January through February based on student information in the Special Education Database as of January 1, 2020. ** Billing adjustments resulting from the November 11th billing will be included. March 16, 2020 Billing for Special Education Services anticipated for March through April based on student information in the Special Education Database as of March 1, 2020. ** Billing adjustments resulting from the January 15th billing will be included. May 15, 2020 Billing for Special Education Services anticipated for May through June based on student information in the Special Education Database as of May 1, 2020. ** Billing adjustments resulting from the March 16th billing will be included. June 15, 2020 A FINAL INVOICE will be issued whereby payments are reconciled with the actual FINAL 2019-2020 Special Education Database (verified in June). This may result in a credit to the District/School or payment due to the AIU exclusive of the special education center review and reconciliation.