EOAP50 Payment Terms definition
EOAP50 Payment Terms. In lieu of the Standard Payment Terms set forth above and for non-Tariffed Services only, Customer may utilize the EOAP50 Payment Terms, as set forth below, to pay a maximum of fifteen percent (15%) of the value of Customer’s applicable Service invoices.
Examples of EOAP50 Payment Terms in a sentence
Under the EOAP50 Payment Terms plan, Customer will pay a maximum of fifteen percent (15%) of the total value (measured in U.S. currency) of Service invoices received, and which accumulate, from the sixteenth (16th) day of a calendar month to the fifteenth (15th) day of the following calendar month (the “Accumulation Period”) within fifty (50) calendar days of the end of the Accumulation Period.
Under the EOAP50 Payment Terms plan, Customer must pay a minimum of eighty-five percent (85%) of the total value (measured in U.S. currency) of the collective Service invoices for Customer and Participants, if any, excluding CPE, within ten (10) calendar days of receipt of invoice.