Common use of Billing and Payment Procedures Clause in Contracts

Billing and Payment Procedures. (a) We shall invoice you for all media costs sufficiently in advance of our payment date to media to permit payment by you to enable us to take advantage of all available cash discounts. (b) The cost of production materials and services shall be billed by us upon completion of the production job or upon receipt of supplier invoices prior thereto. (c) On all outside purchases other than media, we shall attach to the invoice proof of billed charges from suppliers. (d) All cash discounts on agency purchases including, but not limited to, media, art, printing and mechanical work, shall be passed on to you, provided our billing terms are complied with, and there is no overdue indebtedness to us at the time of our payment to the vendor. (e) Rate or billing adjustments shall be credited or charged to you on the first billing date after we have been invoiced or as soon thereafter as otherwise practical. (f) All invoices shall be rendered on or about the first day of each month and will be payable the tenth day of the month. (g) Invoices shall be submitted in an itemized format. Interest will be charged on overdue invoices at a rate of twelve (12%) per annum or the maximum permitted by law, whichever is less. In the event we are required to use legal process to recover any amounts due us, you agree to reimburse us for any costs associated therewith, including reasonable attorneys fees.

Billing and Payment Procedures. (a) We shall invoice you for all media costs sufficiently in advance of our payment date to media to permit payment by you to enable us to take advantage of all available cash discounts. (b) The cost of production materials and services shall be billed by us upon completion of the production job or upon receipt of supplier invoices prior thereto. (c) On all outside purchases other than media, we shall attach to the invoice proof of billed charges from suppliers. (d) All cash discounts on agency purchases including, but not limited to, media, art, printing and mechanical work, shall be passed on to you, provided our billing terms are complied with, and there is no overdue indebtedness to us at the time of our payment to the vendor. (e) Rate or billing adjustments shall be credited or charged to you on the first billing date after we have been invoiced or as soon thereafter as otherwise practical. (f) All invoices other than fee invoices shall be rendered on or about the first day of each month and will be payable the tenth day of the month. (g) Fee invoices will be billed prior to the first day of each month. (h) Invoices shall be submitted in an itemized format. Interest will be charged on overdue invoices at a rate of twelve (12%) per annum or the maximum permitted by law, whichever is less. In the event we are required to use legal process to recover any amounts fees due us, you agree to reimburse us for any costs associated therewith, including reasonable attorneys fees.

Billing and Payment Procedures. (a) a. We shall invoice you for all media costs sufficiently in advance of our payment date to media to permit payment by you to enable us to take advantage of all available cash discounts. (b) b. The cost of production materials and services shall be billed by us upon completion of the production job or upon receipt of supplier invoices invoice prior thereto. (c) c. On all outside purchases other than for media, we shall attach to the invoice proof of billed charges from suppliers. (d) d. All cash discounts on agency purchases including, but not limited to, media, art, printing and mechanical work, shall be passed on to you, provided our billing terms are complied with, and there is no overdue indebtedness to us at the time of our payment to the vendor. (e) e. Rate or billing adjustments shall be credited or charged to you on the first billing date after we have been invoiced or as soon thereafter as otherwise practical.. 3 (f) f. All invoices shall be rendered on or about the first day of each month and will be payable the tenth day of the month. (g) g. Invoices shall be submitted in an itemized format. Interest will be charged on overdue invoices at a rate of twelve (12%) per annum or the maximum permitted by law, whichever is less. In the event we are required to use legal process to recover any amounts fees due us, you agree to reimburse us for any costs associated therewith, including reasonable attorneys fees.