Shared Billing definition
Shared Billing is a functionality that allows payment responsibility for Services to be shared with another organization. Should the Services include Shared Billing, Organization represents and warrants that it has secured the necessary approvals from the organization sharing responsibility for the payment of all Fees associated with the Services. Furthermore, Organization shall remain ultimately responsible for all Fees associated with the Services in the event of nonpayment by the organization sharing payment responsibility. Any invoice that is not paid within the time set forth herein shall be subject to late fees at the rate of 1.5% per month or the maximum rate permitted by law, whichever is less, and such late fee shall be added to and payable on the overdue amount. Organization shall pay all collection costs, including without limitation reasonable attorney fees actually incurred by Contractor. In addition to any other right or remedy provided by law, Organization’s failure to provide timely payment may be deemed a material breach of the agreement and Contractor shall be entitled to terminate the agreement, cease the services, and seek any and all available legal remedies, notwithstanding the provision of late fees hereunder and without waiving any of its other rights and remedies for such breach. Contractor’s failure to declare any late payment a breach shall not constitute a waiver of Contractor’s rights hereunder to declare any subsequent late payment a breach. Contractor may assess fees in excess of $1,000 for damage to a Driver’s vehicle caused by a Rider. Damages include any actual physical damage or professional cleaning required as a result of a Rider’s actions. The damage fee imposed by Contractor will be based on Contractor’s reasonable assessment of the damage and supported by written evidence such as receipts or photographs.
Shared Billing is a functionality that allows payment responsibility for Services to be shared with another organization. Should the Services include Shared Billing, Organization represents and warrants that it has secured the necessary approvals from the organization sharing responsibility for the payment of all Fees associated with the Services. Furthermore, Organization shall remain ultimately responsible for all Fees associated with the Services in the event of nonpayment by the organization sharing payment responsibility.
Examples of Shared Billing in a sentence
If there are excess costs because the student is commuting from outside the school or district boundaries, the school district will complete the DCYF School Transportation Shared Billing form.
The school district will complete the DCYF School Transportation Shared Billing form and provide the completed form electronically to the DCYF HQ Education Program.