Common use of Monthly Invoice Clause in Contracts

Monthly Invoice. Within ten (10) Business Days after the end of each calendar month during the Term, Owner shall furnish to User an invoice for all Monthly Minimum Rounds Fees, Monthly Other Sponsored Rounds Fees and Additional Charges (if any) which are then payable hereunder (each, a “Monthly Invoice”). For the avoidance of doubt, each Monthly Invoice will be based solely on activities at the Golf Courses for the calendar month to which such Monthly Invoice relates, and any reconciliation credits or refunds will be applied against the invoiced amounts only after the corresponding end-of-quarter reconciliation (as more particularly described below) has been completed. Within thirty (30) days following the date of the giving of a Monthly Invoice (which shall be determined in accordance with Article XXIV hereof), User shall pay to Owner all amounts set forth on such Monthly Invoice. No delay by Owner in providing any statement, invoice or billing (including, without limitation, any Monthly Invoice or any Owner’s Statement) to User shall be deemed a default by Owner or a waiver of amounts due to Owner. User’s failure to object to any statement, invoice or billing by Owner (including, without limitation, any Monthly Invoice or any Owner’s Statement) within ninety (90) days after the date of the giving thereof (which shall be determined in accordance with Article XXIV hereof) shall constitute User’s approval of, and waiver of any objection to, such statement, invoice or billing and shall conclusively establish such statement, invoice or billing as being in accordance with this Agreement.