Common use of Payment Dispute Clause in Contracts

Payment Dispute. In the event that any Party disputes any amount payable hereunder, such amount shall be placed into a segregated escrow account as security for amounts in dispute until such time as the dispute is fully and finally resolved. Interest on such escrowed amount shall be paid to the prevailing Party in the dispute. Each Party agrees to cooperate in good faith in establishing an escrow account with an independent escrow agent for the purposes of this provision.

Appears in 9 contracts

Samples: Maintenance Services Agreement (Vivint Solar, Inc.), Maintenance Services Agreement (Vivint Solar, Inc.), Maintenance Services Agreement (Vivint Solar, Inc.)

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