Common use of PAYMENT OF DEDUCTIONS Clause in Contracts

PAYMENT OF DEDUCTIONS. All sums payable under this Clause 8 that have not previously withheld in accordance with Clause 20.4 (Default) of the Conditions (in this Clause 8.2 the "Unrecouped Deductions") shall be set off against and shown as a deduction of the amount payable (before calculation of Value Added Tax) in the next invoice raised by the Contractor under this Contract (provided that the amount due under that invoice as a result of the deduction of Unrecouped Deductions shall not be less than zero). After the date of termination or expiry of this Contract Purchaser may invoice the Contractor for an amount equal to the then current Unrecouped Deductions plus VAT if applicable. The Contractor shall pay such invoice in cleared funds within thirty (30) days after its receipt of the same (such date being the relevant due date for the purpose of Clause 10.9 (Payment) of the Conditions.