Purchase Payment Terms Sample Clauses

Purchase Payment Terms. Contractor is responsible for the accuracy of its billing information. Contractor agrees not to issue invoices hereunder until all Contractor's performance obligations have been accepted and in accordance with the milestone payment schedule, if any, in the applicable Change Order or SOW, or until after services have been rendered. Charges for Deliverables, components or services accepted more than ninety (90) days prior to receipt of a valid invoice may not be paid. Should Contractor repeatedly over ▇▇▇▇ Authorized User, Authorized User may assess a one percent (1%) charge for the amount over-billed for each month that such over-billing continues.

Purchase Payment Terms. Supplier is responsible for the accuracy of its billing information. Supplier may not issue invoices pursuant to this Contract until all of Supplier's performance obligations have been accepted and are in accordance with the milestone payment schedule in the applicable order, or until after services have been rendered. Charges for Deliverables, Components or Services accepted more than 90 calendar days prior to receipt of a valid invoice may not be paid. In the event Supplier repeatedly over-bills DMAS, DMAS may assess a one percent (1%) charge for the amount over- billed for each month that such over-billing continues.

Purchase Payment Terms. Supplier is responsible for the accuracy of its billing information. Supplier agrees not to issue invoices hereunder until Services and installations have met Acceptance criteria, and the effective date for any recurring or partial month charges shall not precede Acceptance. Charges for Services accepted more than ninety (90) days prior to receipt of a valid invoice may not be paid, except in accordance with a milestone payment schedule. All payment terms are net 45 days after receipt of proper invoice.

Purchase Payment Terms. Supplier is responsible for the accuracy of its billing information. Supplier agrees not to issue invoices hereunder until items or milestones have met Acceptance criteria. Charges for Solutions, products/Solution components, or Services accepted more than ninety (90) days prior to receipt of a valid invoice may not be paid. Should Supplier repeatedly over bill DMAS, DMAS may assess a one percent (1%) charge for the amount over-billed for each month that such over-billing continues. In the event any Deliverable is shipped without the applicable Documentation, payment shall not be due until the required Documentation is provided. If there are any disputed items, DMAS shall pay all undisputed charges and promptly notify Supplier in writing of any disputed amount. Supplier shall thereupon review its records, and, if it does not concur with DMAS, provide DMAS with documentation to support the charge. If such charges remain in dispute, such dispute shall be resolved in accordance with the Dispute Resolution section of this Contract. In the absence of the Supplier’s written evidence identifying the merit of the disputed amounts, DMAS may not pay the disputed amounts and may consider the matter concerning the specific identified amounts closed. All payment terms are net thirty (30) days after Acceptance. .

Purchase Payment Terms. Section 1.01 of the Agreement is hereby amended to provide that the purchase price of $20,000,000 shall be paid as follows: (i) cash at closing of $2,500,000.00, less $530,000 sums advanced to or on behalf of Biovest by Accentia (pursuant to that certain Secured Note dated April 10, 2003 which is hereby satisfied and executed in full) prior to the Closing; (ii) $2,500,000.00 in the form of a Promissory Note (the "Second Closing Note") due on the 90 day anniversary of the date hereof bearing interest at a rate of 3% per annum. and (iii) delivery of a non-interest bearing note for $15,000,000 having the terms as provided in the Agreement (and the certificates evidencing shares of Biovest Common Stock and Preferred Stock issuable to Accentia in respect of the subscription price therefor) which shall be held in escrow pursuant to and in accordance with the terms of the Escrow Agreement.

Purchase Payment Terms. Each Purchase is paid in advance, final and non-refundable. ATP will not provide you a pro-rata refund for any Purchase left unused.

Purchase Payment Terms. Supplier is responsible for the accuracy of its billing information. Supplier agrees not to issue invoices hereunder until items or milestones have met Acceptance criteria. Charges for services accepted more than 90 days before receipt of a valid invoice may not be paid. Should the Supplier repeatedly over-▇▇▇▇ DCJS, DCJS may assess a 1% charge for the amount over-billed for each month that such over-billing continues. In the event DCJS does not receive or have access to the applicable Documentation, payment shall not be due until the required Documentation is provided. If there are any disputed items, DCJS shall pay all undisputed charges and promptly notify Supplier in writing of any disputed amount. Supplier shall thereupon review its records and, if it does not concur with DCJS, provide DCJS with documentation to support the charge. If such charges remain in dispute, such dispute shall be resolved in accordance with the Dispute Resolution Section of this Contract. In the absence of the Supplier’s written evidence identifying the merit of the disputed amounts, DCJS may not pay the disputed amounts and may consider the matter concerning the specific identified amounts closed. All payment terms are net 30 days after Acceptance. If, before payment of an invoice, DCJS notifies the Supplier in writing of a disputed charge, DCJS will have the right to withhold payment of the disputed amount until the dispute is settled or finally resolved. Supplier shall respond in writing DCJS’s notification of a disputed charge acknowledging Supplier’s receipt of the dispute within five (5) business days. Any charges disputed by DCJS will be resolved (whether by credit or explanation of the charge to the DCJS’s satisfaction) in the DCJS’s required format within two (2) billing cycles (60 calendar days) following DCJS’s written notification. In the absence of the Supplier’s written evidence identifying the merit of the disputed amounts, DCJS will not be obligated to pay the disputed amounts and may consider the matter concerning the specific identified amounts closed. DCJS will not pay any disputed amounts that remain unresolved after 120 calendar days. If a disputed charge is reversed, Supplier shall reverse all associated surcharges, regulatory charges and taxes. REPORTING - MICRO BUSINESS AND/OR SMALL BUSINESS PARTICIPATION By the 10th day of every month, Supplier shall submit the Small Business Procurement and Subcontracting Report to DCJS via email to ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇...

Purchase Payment Terms. (a) AT-Made Fabric. (i) Subject to Section 3(d) below and except as otherwise provided in this Agreement, during the Term, Purchaser shall order from AT, and AT shall supply to Purchaser, all of Purchaser's requirements of AT-Made Fabric for sales to Customers. (ii) Subject to Section 3(g) and Section 9 below, the purchase price per meter that Purchaser shall pay to AT for AT-Made Fabric shall be ninety percent (90%) of the Net Sales Price (as defined in Section 3(a)(iii) below) in connection with the relevant AT-Made Fabric. (iii) For purposes of this Agreement, "Net Sales Price", with respect to any AT-Made Fabric, means the price per meter of such AT-Made Fabric that will be charged by Purchaser to the Customer for whom such AT-Made Fabric is manufactured, exclusive of taxes and tariffs, less any royalty which is paid by AT, and reimbursed to AT by Purchaser (as more particularly set forth in Section 3(a)(iv) hereunder). All Net Sales Prices are set forth on Schedule 2(a); provided, however, that if Purchaser determines, in good faith, that it may be necessary for Purchaser to reduce any Net Sales Price for any AT-Made Fabric to any Customer in order to retain such Customer's business, then (A) if AT agrees to such reduction, Schedule 2(a) shall be amended to reflect such reduced Net Sales Price, or (B) if AT does not agree to such reduction, Purchaser shall be entitled to obtain such AT-Made Fabric from another supplier. If Purchaser elects to increase the price sold to Customers resulting in a change in the Net Sales Price for any AT-Made Fabric, then Schedule 2(a) shall be amended to reflect the new Net Sales Price. If AT's production costs increase in such a manner that it is necessary to increase the Net Sales Price for its business to be viable, AT shall notify such need to Purchaser, and Purchaser shall negotiate in good faith with the Customer to increase the prices charged such that it will be sufficient to offset AT's increased production cost; provided, however, that Purchaser makes no guarantee as to the success of such negotiations or any such price increase. (iv) When applicable, Purchaser shall reimburse AT for any royalty required to be paid and actually paid by AT with respect to the sale of AT-Made Fabric to Purchaser in accordance with the royalty arrangements in existence as of the date hereof as set forth in Schedule 3(a)(iv) of this Agreement attached hereto and incorporated herein by reference.

Purchase Payment Terms. Supplier is responsible for the accuracy of its billing information. Supplier may not issue invoices pursuant to this Contract until all of Supplier's performance obligations have been accepted and are in accordance with the milestone payment schedule in the Contract or Contract modifications thereto, or until after services have been rendered. Charges for Deliverables, Components or Services accepted more than 90 calendar days prior to receipt of a valid invoice may not be paid. In the event Supplier repeatedly over-bills the VADOC, the VADOC may assess a one percent (1%) charge for the amount over-billed for each month that such over-billing continues.