Purchase Payment Terms. Supplier is responsible for the accuracy of its billing information. Supplier agrees not to issue invoices hereunder until all Supplier's performance obligations have been accepted and in accordance with the milestone payment schedule, if any, in the applicable order or SOW, or until after services have been rendered. Charges for Deliverables, components or services accepted more than ninety (90) days prior to receipt of a valid invoice may not be paid. Should Supplier repeatedly over bill Authorized User, Authorized User may assess a one percent (1%) charge for the amount over-billed for each month that such over-billing continues.
Purchase Payment Terms. Supplier is responsible for the accuracy of its billing information. Supplier agrees not to issue invoices hereunder until Product has been shipped. Charges for Product or Services accepted more than ninety (90) days prior to receipt of a valid invoice may not be paid. Should Supplier repeatedly over bill Authorized User, Authorized User may assess a one percent (1%) charge for the amount over billed for each month that such over billing continues. Product shipped without the applicable Documentation may not meet Acceptance criteria, and payment shall not be due until after the required Documentation is provided. If there are any disputed items, an Authorized User shall pay all undisputed charges and promptly notify Supplier in writing of any disputed amount. Supplier shall thereupon review its records, and, if it does not concur with the Authorized User, provide the Authorized User with documentation to support the charge. If such charges remain in dispute, such dispute shall be resolved in accordance with the Dispute Resolution section of this Contract. In the absence of the Supplier’s written evidence identifying the merit of the disputed amounts, Authorized User may not pay the disputed amounts and may consider the matter concerning the specific identified amounts closed. All payment terms are net 30 days after Acceptance.
Purchase Payment Terms. Supplier is responsible for the accuracy of its billing information. Supplier may not issue invoices prior to the shipment date from Supplier’s facility.
Purchase Payment Terms. Supplier is responsible for the accuracy of its billing information. Supplier agrees not to issue invoices hereunder until items or milestones have met Acceptance criteria. Charges for Solutions, products/Solution components, Services or for optional Licensed Services accepted more than ninety (90) days prior to receipt of a valid invoice may not be paid. Should Supplier repeatedly over bill, VDH may assess a one percent (1%) charge for the amount over-billed for each month that such over- billing continues. In the event any Deliverable is shipped without the applicable Documentation, as defined in the Definitions section of the Contract, payment shall not be due until the required Documentation is provided. In the event VDH does not receive or have access to the applicable Documentation, as defined in EXHIBIT C, Definitions, for optional Licensed Services, payment shall not be due until the required Documentation is provided. If there are any disputed items, VDH shall pay all undisputed charges and promptly notify Supplier in writing of any disputed amount. Supplier shall thereupon review its records, and, if it does not concur with VDH, provide VDH with documentation to support the charge. If such charges remain in dispute, such dispute shall be resolved in accordance with the Dispute Resolution section of this Contract. In the absence of the Supplier’s written evidence identifying the merit of the disputed amounts, VDH may not pay the disputed amounts and may consider the matter concerning the specific identified amounts closed. All payment terms are net thirty (30) days after Acceptance.
Purchase Payment Terms. Supplier is responsible for the accuracy of its billing information. Supplier agrees not to issue invoices hereunder until Services and installations have met Acceptance criteria, and the effective date for any recurring or partial month charges shall not precede Acceptance. Charges for Services accepted more than ninety (90) days prior to receipt of a valid invoice may not be paid, except in accordance with a milestone payment schedule. All payment terms are net 45 days after receipt of proper invoice.
Purchase Payment Terms. Section 1.01 of the Agreement is hereby amended to provide that the purchase price of $20,000,000 shall be paid as follows: (i) cash at closing of $2,500,000.00, less $530,000 sums advanced to or on behalf of Biovest by Accentia (pursuant to that certain Secured Note dated April 10, 2003 which is hereby satisfied and executed in full) prior to the Closing; (ii) $2,500,000.00 in the form of a Promissory Note (the “Second Closing Note”) due on the 90 day anniversary of the date hereof bearing interest at a rate of 3% per annum. and (iii) delivery of a non-interest bearing note for $15,000,000 having the terms as provided in the Agreement (and the certificates evidencing shares of Biovest Common Stock and Preferred Stock issuable to Accentia in respect of the subscription price therefor) which shall be held in escrow pursuant to and in accordance with the terms of the Escrow Agreement.
Purchase Payment Terms. (a) AT-Made Fabric.
Purchase Payment Terms. Supplier is responsible for the accuracy of its billing information. Supplier agrees not to issue invoices hereunder until items or milestones have met Acceptance criteria. Charges for services accepted more than 90 days before receipt of a valid invoice may not be paid. Should the Supplier repeatedly over-xxxx DCJS, DCJS may assess a 1% charge for the amount over-billed for each month that such over-billing continues. In the event DCJS does not receive or have access to the applicable Documentation, payment shall not be due until the required Documentation is provided. If there are any disputed items, DCJS shall pay all undisputed charges and promptly notify Supplier in writing of any disputed amount. Supplier shall thereupon review its records and, if it does not concur with DCJS, provide DCJS with documentation to support the charge. If such charges remain in dispute, such dispute shall be resolved in accordance with the Dispute Resolution Section of this Contract. In the absence of the Supplier’s written evidence identifying the merit of the disputed amounts, DCJS may not pay the disputed amounts and may consider the matter concerning the specific identified amounts closed. All payment terms are net 30 days after Acceptance. Disputed Charges If, before payment of an invoice, DCJS notifies the Supplier in writing of a disputed charge, DCJS will have the right to withhold payment of the disputed amount until the dispute is settled or finally resolved. Supplier shall respond in writing DCJS’s notification of a disputed charge acknowledging Supplier’s receipt of the dispute within five (5) business days. Any charges disputed by DCJS will be resolved (whether by credit or explanation of the charge to the DCJS’s satisfaction) in the DCJS’s required format within two (2) billing cycles (60 calendar days) following DCJS’s written notification. In the absence of the Supplier’s written evidence identifying the merit of the disputed amounts, DCJS will not be obligated to pay the disputed amounts and may consider the matter concerning the specific identified amounts closed. DCJS will not pay any disputed amounts that remain unresolved after 120 calendar days. If a disputed charge is reversed, Supplier shall reverse all associated surcharges, regulatory charges and taxes. REPORTING - MICRO BUSINESS AND/OR SMALL BUSINESS PARTICIPATION By the 10th day of every month, Supplier shall submit the Small Business Procurement and Subcontracting Report to DCJS via email to x...
Purchase Payment Terms. Supplier is responsible for the accuracy of its billing information. Supplier may not issue invoices pursuant to this Contract until all of Supplier's performance obligations have been accepted and are in accordance with the milestone payment schedule in the Contract or Contract modifications thereto, or until after services have been rendered. Charges for Deliverables, Components or Services accepted more than 90 calendar days prior to receipt of a valid invoice may not be paid. In the event Supplier repeatedly over-bills the VADOC, the VADOC may assess a one percent (1%) charge for the amount over-billed for each month that such over-billing continues.
Purchase Payment Terms. Supplier is responsible for the accuracy of its billing information. In the event Supplier repeatedly over-bills ELECT, ELECT may assess a one percent (1%) charge for the amount over-billed for each month that such over-billing continues. Supplier may not issue invoices pursuant to this Contract until all of Supplier's performance obligations have been accepted and are in accordance with the milestone payment schedule in the applicable SOW, or until after services have been rendered. Charges for Deliverables, Components or Services accepted more than 90 calendar days prior to receipt of a valid invoice may not be paid.
