Common use of Payment/Billing Clause in Contracts

Payment/Billing. A. Payment is due 30 days after date of invoice. Accounts are in default if payment is not received within such 30-day period. Accounts unpaid 60 days after date of invoice may have their service disconnected without further notice to Customer. Such disconnection does not relieve Customer from the obligation to pay the monthly charge and any applicable cancellation charges. Only a written request to terminate Customer's service relieves Customer of Customer's obligation to pay the monthly account charge. Accounts in default are subject to an interest charge of 1.5% per month on the outstanding balance. If Customer's state law does not allow an interest rate of 1.5% per month, the maximum allowable rate for Customer's state will be charged. Customer agrees to pay WorldCom its reasonable expenses, including attorney and collection agency fees, incurred in enforcing its rights under this Agreement. B. Billing for Service will commence when the connection from the MAE facility is completed to Customer's site or collocation space and IP packets can be passed. Service is invoiced monthly in advance.