Common use of Use of Electronic Funds Transfer Clause in Contracts

Use of Electronic Funds Transfer. The contractor shall cooperate with the government to allow payment of bills via Electronic Funds Transfer (EFT) to the extent feasible. The specific payment method used shall be negotiated on a customer-by-customer basis after contract award. If agreed to by the customer and the contractor, the agency shall pay approved Connections II charges via EFT. Otherwise, the parties shall agree on an alternative payment mechanism. This clause shall apply to bills submitted during this contract, any extension thereof, and any contract Continuity of Services period if the parties agree to use EFT. However, either of the parties may, without explanation and by giving the other party 60 calendar days written advance notice, terminate the applicability of this clause and negotiate an acceptable alternative. When an EFT payment plan is in effect, the following clauses (or portions of clauses) are applicable:  FAR Clause No. 52.232-25 Prompt Payment (OCT 2008  FAR Clause No. 52.232-17 Interest (OCT 2008) Unless otherwise stipulated in the order, the EFT procedure shall incorporate the following requirements:

Use of Electronic Funds Transfer. The contractor shall cooperate with the government to allow payment of bills via Electronic Funds Transfer (EFT) to the extent feasible. The specific payment method used shall be negotiated on a customer-by-customer basis after contract award. If agreed to by the customer and the contractor, the agency shall pay approved Connections II charges via EFT. Otherwise, the parties shall agree on an alternative payment mechanism. This clause shall apply to bills submitted during this contract, any extension thereof, and any contract Continuity of Services period if the parties agree to use EFT. However, either of the parties may, without explanation and by giving the other party 60 calendar days written advance notice, terminate the applicability of this clause and negotiate an acceptable alternative. When an EFT payment plan is in effect, the following clauses (or portions of clauses) are applicable:  • FAR Clause No. 52.232-25 Prompt Payment (OCT 2008  • FAR Clause No. 52.232-17 Interest (OCT 2008) Unless otherwise stipulated in the order, the EFT procedure shall incorporate the following requirements:

Use of Electronic Funds Transfer. The contractor shall cooperate with the government to allow payment of bills via Electronic Funds Transfer (EFT) to the extent feasible. The specific payment method used shall be negotiated on a customer-by-customer customer‐by‐customer basis after contract award. If agreed to by the customer and the contractor, the agency shall pay approved Connections II charges via EFT. Otherwise, the parties shall agree on an alternative payment mechanism. This clause shall apply to bills submitted during this contract, any extension thereof, and any contract Continuity of Services period if the parties agree to use EFT. However, either of the parties may, without explanation and by giving the other party 60 calendar days written advance notice, terminate the applicability of this clause and negotiate an acceptable alternative. When an EFT payment plan is in effect, the following clauses (or portions of clauses) are applicable:  • FAR Clause No. 52.232-25 52.232‐25 Prompt Payment (OCT 2008  • FAR Clause No. 52.232-17 52.232‐17 Interest (OCT 2008) Unless otherwise stipulated in the order, the EFT procedure shall incorporate the following requirements:

Use of Electronic Funds Transfer. ‌ The contractor shall cooperate with the government to allow payment of bills via Electronic Funds Transfer (EFT) to the extent feasible. The specific payment method used shall be negotiated on a customer-by-customer basis after contract award. If agreed to by the customer and the contractor, the agency shall pay approved Connections II charges via EFT. Otherwise, the parties shall agree on an alternative payment mechanism. This clause shall apply to bills submitted during this contract, any extension thereof, and any contract Continuity of Services period if the parties agree to use EFT. However, either of the parties may, without explanation and by giving the other party 60 calendar days written advance notice, terminate the applicability of this clause and negotiate an acceptable alternative. When an EFT payment plan is in effect, the following clauses (or portions of clauses) are applicable:  • FAR Clause No. 52.232-25 Prompt Payment (OCT 2008  • FAR Clause No. 52.232-17 Interest (OCT 2008) Unless otherwise stipulated in the order, the EFT procedure shall incorporate the following requirements:

Use of Electronic Funds Transfer. The contractor shall cooperate with the government to allow payment of bills via Electronic Funds Transfer (EFT) to the extent feasible. The specific payment method used shall be negotiated on a customer-by-customer customer‐by‐customer basis after contract award. If agreed to by the customer and the contractor, the agency shall pay approved Connections II charges via EFT. Otherwise, the parties shall agree on an alternative payment mechanism. This clause shall apply to bills submitted during this contract, any extension thereof, and any contract Continuity of Services period if the parties agree to use EFT. However, either of the parties may, without explanation and by giving the other party 60 calendar days written advance notice, terminate the applicability of this clause and negotiate an acceptable alternative. When an EFT payment plan is in effect, the following clauses (or portions of clauses) are applicable:  FAR Clause No. 52.232-25 52.232‐25 Prompt Payment (OCT 2008  FAR Clause No. 52.232-17 52.232‐17 Interest (OCT 2008) Unless otherwise stipulated in the order, the EFT procedure shall incorporate the following requirements: