Common use of Billing and Payment for Services Clause in Contracts

Billing and Payment for Services. Bills for services provided by Company under the terms of this Agreement shall be rendered to Supplier on a monthly basis and shall be due upon receipt of said xxxx, unless otherwise specified in Exhibit A. Failure of Supplier to pay within twenty-five (25) days of the posting date on the xxxx shall result in the addition of interest on any unpaid balance calculated at the rate of 1.5% per month commencing from the date said xxxx was posted. The posting date is the date the xxxx is transmitted to the Supplier. The xxxx may also be transmitted electronically if agreed to by the parties in Exhibit A.

Billing and Payment for Services. Bills for services provided by Company under the terms of this Agreement shall be rendered to Competitive Supplier on a monthly basis and shall be due upon receipt of said xxxx, unless otherwise specified in Exhibit A. Failure of Competitive Supplier to pay make payment within twenty-five (25) days of the posting date on the xxxx shall result in the addition of interest on any unpaid balance calculated at the rate of 1.5% per month commencing from the date said xxxx was posted. The posting date is the date the xxxx is transmitted to the Competitive Supplier. The xxxx may also be transmitted electronically if agreed to by the parties Parties in Exhibit A.