Providing Party definition
Examples of Providing Party in a sentence
All payments to be made under this Agreement shall be made in United States dollars and paid by wire transfer of immediately available funds to such account designated by the Providing Party by written notice to the Receiving Party from time to time.
In the event the Providing Party reasonably determines that there is a change in applicable Law that would restrict the delivery of any Service to be provided to the Receiving Party, the Providing Party shall promptly notify the Receiving Party and shall use, and cause its applicable Affiliates and subcontractors to use, commercially reasonable efforts in good faith to provide such Service in a manner as closely as possible to the Services Standard.
Except with respect to an Invoice for Access Charges (which will be paid in accordance with the immediately following sentence), the Receiving Party shall pay to the Providing Party the amount set forth on each applicable Invoice (including, for the avoidance of doubt, any disputed amounts set forth on a Notice of Disagreement) promptly, but in no event later than 60 days, after the date of delivery of such Invoice.
The Providing Party shall keep the Receiving Party reasonably informed with respect to (a) the reporting of Services Taxes, (b) any audit relating to Services Taxes, or (c) any assessment, refund, claim or legal proceeding relating to Services Taxes, including, in each instance, providing the Receiving Party with such information and documentation as is reasonably necessary.
In the event that the Providing Party is unable to provide any Service due to a Force Majeure Event, the Receiving Party will be relieved of its obligation to pay for any such Service to the extent not provided; provided that a Force Majeure Event will not relieve the Receiving Party from its payment obligations under this Agreement with respect to Services actually performed hereunder.