Payment Standard Clause Samples
The Payment Standard clause defines the rules and procedures governing how payments are to be made under an agreement. It typically specifies the acceptable methods of payment, the currency to be used, and the timing or schedule for payments, such as monthly installments or upon completion of certain milestones. By clearly outlining these payment expectations, the clause helps prevent disputes over payment terms and ensures both parties understand their financial obligations.
Payment Standard. After the settlement account expires, Party A shall make payment for the goods, and pay the due payment after deducting the warranty deposit. Before each payment by Party A, Party B shall submit a receipt for the same amount and a statement of account for the month of payment.
Payment Standard. The Contractor shall not be paid for services rendered under this Agreement unless and until they have been performed to the satisfaction of the County. No payment shall be made for any work performed by the Contractor, except for work identified and set forth in this Agreement or supporting exhibits or attachments incorporated by reference into this Agreement.
Payment Standard. The Contractor shall not be paid for services rendered under the Contract unless they have been performed to the satisfaction of the County.
Payment Standard. Exceptions During the Contract Term 1‐9
Payment Standard. The plan shall pay clean claims promptly as provided above after the date the plan receives written or electronic notice of the claim. If, for whatever reason, a claim is submitted electronically and in written form, the date of the earlier submission of the claim will be the date of notice from which the plan shall calculate the maximum thirty (30) day period.
Payment Standard. 1. Contractor shall be paid by County within 30 days for its actual, equitable and allowable costs incurred up to the maximum compensation.
2. Contractor shall submit invoices to Contract Monitor on a monthly basis by the 15th of each month and follow County’s invoicing process. Process will be sent to Contractor once contract is executed.
3. The County shall process payments for the program in accordance with the Budget below. An estimate for the June invoice should be submitted on or before June 24, 2019. A final invoice should be submitted on or before July 31, 2018.
4. Contractor’s invoice shall include the following:
a. Contractor’s name, address, date, invoice number, total invoice amount, expenditures to date;
b. Types of the services/ deliverable and; and
c. Sufficient back up documentation to substantiate expenses applied to eligible activities (such as pay-roll registers, labor distribution reports and receipts).
5. The activities described in this contract will be reimbursed according to the following schedule, the total shall not exceed $226,011 per fiscal year: