Prompt Payment definition

Prompt Payment means a Payment within the time periods applicable pursuant to Sections 504.3 through 504.5 of this Exhibit in order for NYSERDA not to be liable for interest pursuant to Section 504.6.

Prompt Payment means payment prior to the time when a utility could issue a notice of disconnection for nonpay- ment of an amount not in dispute.

Prompt Payment means payment of a debt due and owing by the Authority pursuant to a Contract before interest accrues thereon pursuant to the provisions of this Part.

Examples of Prompt Payment in a sentence

• All bills will be paid in accordance with the State Prompt Payment Act as currently enacted (Illinois Compiled Statutes, 30 ILCS 540/).

• NYSERDA will make payments to Seller in accordance with and subject to its Prompt Payment Policy Statement, attached hereto as Exhibit C.

• If NYSERDA fails to make Prompt Payment, NYSERDA shall pay interest to the Contractor on the Payment when such interest computed as provided herein is equal to or more than ten dollars ($10.00).

• The provisions of this Exhibit shall apply to all Payments as they become due and owing pursuant to the terms and conditions of this Agreement, notwithstanding that NYSERDA may subsequently amend its Prompt Payment Policy by further rulemaking.

• Customer’s payment shall be made in accordance with Chapter 2251, Texas Government Code (the “Texas Prompt Payment Act”), which shall govern remittance of payment and remedies for late payment and non-payment.

More Definitions of Prompt Payment

Prompt Payment means a payment within the time periods applicable pursuant to Sections 504.3 through 504.5 of this Part in order for the Authority not to be liable for interest pursuant to Section 504.6.

Prompt Payment means payment of a debt due and owing by the CUCF before interest accrues thereon pursuant to this Statement of Prompt Payment Policy.

Prompt Payment means a Payment within the time periods applicable pursuant to Sections

Prompt Payment means a payment within the time periods applicable pursuant to Sections 1.3 through 1.5 of this policy in order for the Authority not to be liable for interest pursuant to Section 1.6.

Prompt Payment means a Payment within the time periods applicable pursuant to Sections 504.3 through

Prompt Payment means payment of a debt due and owing by the Corporation before interest accrues thereon pursuant to the specifications herein.

Prompt Payment means payment prior to the time when a mobile home park operator or mobile home park con- tractor could issue a notice of disconnection for nonpayment of an amount not in dispute.