Common use of Obligation to Make Payments Clause in Contracts

Obligation to Make Payments. (a) Unless this agreement provides otherwise, the due date for the payment of an amount payable by a Party under this agreement is that date which is ten Business Days from the date the invoice is received. (b) After a Party receives an invoice from another Party for an amount payable in accordance with this agreement, the paying Party must, on or prior to the due date for the payment of that amount, either: (i) pay the other Party an amount equal to the amount payable as shown on the invoice; or (ii) if the paying Party disputes on a bona fide basis all or part of the amount payable as shown on the invoice: (A) pay by the due date the amount not in dispute and 50% of the amount in dispute; and (B) give notice in writing to the other Party that it disputes the amount payable as shown on the invoice and a detailed statement as to the reasons for disputing the amount payable.

Obligation to Make Payments. (a) Unless this agreement provides otherwise, the due date for the payment of an amount payable by a Party under this agreement is that date which is ten Business Days from the invoice date (as shown on the invoice is receivedfor that amount from the other Party). (g) (b) After a Party receives an invoice from another Party for an amount payable in accordance with this agreement, the paying Party must, on or prior to the due date for the payment of that amount, either: (i) pay the other Party an amount equal to the amount payable as shown on the invoice; or (ii) if the paying Party disputes on a bona fide basis all or part of the amount payable as shown on the invoice: (A) pay by the due date the amount not in dispute and 50% of the amount in dispute; and (B) give notice in writing to the other Party that it disputes the amount payable as shown on the invoice and a detailed statement as to the reasons for disputing the amount payable.

Obligation to Make Payments. ‌ (a) Unless this agreement provides otherwise, the due date for the payment of an amount payable by a Party under this agreement is that date which is ten Business Days from the date the invoice is received. (b) After a Party receives an invoice from another Party for an amount payable in accordance with this agreement, the paying Party must, on or prior to the due date for the payment of that amount, either: (i) pay the other Party an amount equal to the amount payable as shown on the invoice; or (ii) if the paying Party disputes on a bona fide basis all or part of the amount payable as shown on the invoice:invoice:‌ (A) pay by the due date the amount not in dispute and 50% of the amount in dispute; and (B) give notice in writing to the other Party that it disputes the amount payable as shown on the invoice and a detailed statement as to the reasons for disputing the amount payable.