Common use of Billings and Payment Clause in Contracts

Billings and Payment. The Department shall enter into a written agreement (“Payment Agreement”) with LifePoint for providing payment to Contractor for services and expenses. Under the Payment Agreement, once Contractor’s billing statements have been reviewed and approved by the Department, the Department will send a summary invoice to LifePoint, and LifePoint shall pay all invoices within 14 days after receipt. Contractor acknowledges and agrees that the Department shall have no obligation to Contractor for payments for services or expenses. All disputes regarding compensation must be resolved directly with LifePoint. Contractor shall have no obligation to provide services until it has reviewed and approved terms of the Payment Agreement between the Department and LifePoint. Upon written notice to LifePoint and the Department, Contractor may stop providing services under this Agreement, if any payment payable to Contractor pursuant to the Payment Agreement is not received within five business days after its due date under the Payment Agreement; provided that Contractor shall recommence its services under this Agreement immediately upon receipt of all payments then due and payable. Contractor will invoice the Department the Opinion Fee upon issuance of Xxxxxx’s written reports and the Opinions. Expenses shall be specifically and individually identified at the end of the invoice, together with attached receipts and a total cumulative statement. Additional information shall be provided upon request by the Department. Contractor also shall transmit to the Department a summary invoice containing only the Opinion Fee, expenses incurred pursuant to this Agreement, and instructions for payment. The Department will send such summary invoice to LifePoint, and LifePoint shall pay such invoice within 14 days after receipt. If the Transactions are terminated and/or Contractor’s work is stopped by the Department, for any reason other than Contractor’s material breach of its obligations under this Agreement, prior to the issuance of Contractor’s written reports and Opinions, Contractor shall be reimbursed out of pocket expenses incurred to date. The Department shall promptly (and in no event more than 7 days from receipt) review Contractor's billing statement and, upon approval, shall transmit a request to LifePoint for payment. All invoices and summary invoices and all supporting documents, together with all of Contractor’s work papers relating to this Agreement and its services hereunder shall be maintained by the Contractor for three (3) years after the termination or expiration of the Agreement for audit purposes. Contractor shall make available to LifePoint, on request, copies of itemized billing statements, receipts and any additional information after the Department concludes its review and has issued its report.

Billings and Payment. The Department shall enter into a written agreement (“Payment Agreement”) with LifePoint Buyer for providing payment to Contractor for services and expenses. Under the Payment Agreement, once Contractor’s billing statements have been reviewed and approved by the Department, the Department will send a summary invoice to LifePointBuyer, and LifePoint Buyer shall pay all invoices within 14 days after receipt. Contractor acknowledges and agrees that the Department shall have no obligation to Contractor for payments for services or expenses. All disputes regarding compensation must be resolved directly with LifePointBuyer. Contractor shall have no obligation to provide services until it has reviewed and approved terms of the Payment Agreement between the Department and LifePointBuyer and received an initial retainer payment of $37,500 from Buyer. Upon written notice to LifePoint Buyer and the Department, Contractor may stop providing services under this Agreement, if any payment payable to Contractor pursuant to the Payment Agreement is not received within five business days after its due date under the Payment Agreement; provided that Contractor shall recommence its services under this Agreement immediately upon receipt of all payments then due and payable. Contractor will invoice the Department the balance of the Opinion Fee upon issuance of XxxxxxSRR’s written reports report and the OpinionsOpinion. Expenses shall be specifically and individually identified at the end of the invoice, together with attached receipts and a total cumulative statement. Additional information shall be provided upon request by the Department. Contractor also shall transmit to the Department a summary invoice containing only the Opinion Fee, expenses incurred pursuant to this Agreement, and instructions for payment. The Department will send such summary invoice to LifePointBuyer, and LifePoint Buyer shall pay such invoice within 14 days after receipt. If the Transactions are Transaction is terminated and/or Contractor’s work is stopped by the Department, for any reason other than Contractor’s material breach of its obligations under this Agreement, prior to the issuance of Contractor’s written reports report and OpinionsOpinion, Contractor then Contractor’s total fee for all services furnished shall be reimbursed out of $50,000 plus out-of-pocket expenses incurred to date. The Department shall promptly (and in no event more than 7 days from receipt) review Contractor's billing statement and, upon approval, shall transmit a request to LifePoint Buyer for payment. All invoices and summary invoices and all supporting documents, together with all of Contractor’s work papers relating to this Agreement and its services hereunder shall be maintained by the Contractor for three (3) years after the termination or expiration of the Agreement for audit purposes. Contractor shall make available to LifePointBuyer, on request, copies of itemized billing statements, receipts and any additional information after the Department concludes its review and has issued its report.

Billings and Payment. The Department shall enter into a written agreement (“Payment Agreement”) with LifePoint DMC and/or Vanguard for providing payment to Contractor for services and expenses. Under the Payment Agreement, once Contractor’s billing statements have been reviewed and approved by payment will be due to the Department, the Department will send a summary invoice to LifePoint, and LifePoint shall pay all invoices Contractor within 14 days after receiptreview and approval of the billing by the Department. Contractor acknowledges and agrees that the Department shall have no obligation to Contractor for payments for services or expenses. All disputes regarding compensation must be resolved directly with LifePointDMC and/or Vanguard. Contractor shall have no obligation to provide services until it has reviewed and approved terms of the DMC Consultant Payment Agreement between the Department and LifePointDMC and/or Vanguard and received an initial retainer payment of $25,000 from DMC and/or Vanguard. Upon written notice to LifePoint and the DepartmentIn addition, Contractor shall have no obligation to continue providing services, and may in fact stop providing services under this Agreementservices, if any payment payable to Contractor pursuant to the Payment Agreement it is not received within five business days after its due date under receiving payment in accordance with this Contract and the Payment Agreement; provided that Contractor shall recommence its services under this Agreement immediately upon receipt of all payments then due and payable. Contractor will invoice prepare bi-weekly billing statements for review solely by the Department for payment by DMC on a services-rendered basis and shall include an itemization of the Opinion Fee upon issuance of Xxxxxx’s written reports services performed together with dates, times, individual performing the work, and the Opinionsamount for which Contractor requests compensation. Expenses shall be specifically and individually identified at the end of the invoicebill, together with attached receipts and a total cumulative statement. Additional information shall be provided upon request by the Department. Contractor also shall transmit to the Department a summary invoice billing invoices containing only the Opinion Feetotal amount of fees for services, expenses incurred pursuant to this Agreementfor the billing period, and instructions for payment. The Department will send such summary invoice This non-itemized statement may be provided directly to LifePoint, and LifePoint shall pay such invoice within 14 days after receipt. If DMC as the Transactions are terminated and/or basis for payment to Contractor’s work is stopped by the Department, for any reason other than Contractor’s material breach of its obligations under this Agreement, prior to the issuance of Contractor’s written reports and Opinions, Contractor shall be reimbursed out of pocket expenses incurred to date. The Department shall promptly (and in no event more than 7 days from receipt) review Contractor's billing statement and, upon approval, shall transmit a request to LifePoint DMC for payment. All invoices These documents and summary invoices and all any supporting documents, together with all of Contractor’s work papers relating to this Agreement and its services hereunder documents shall be maintained by the Contractor for three (3) years after the termination or expiration close of the Agreement Contract for audit purposes. Contractor shall make available to LifePointDMC, on request, copies of itemized billing statements, receipts and any additional information after the Department concludes its review and has issued its report.

Billings and Payment. The Department shall enter into a written agreement (“Payment Agreement”) with LifePoint DLP for providing payment to Contractor for services and expenses. Under the Payment Agreement, once Contractor’s billing statements have been reviewed and approved by the Department, the Department will send a summary invoice to LifePointDLP, and LifePoint DLP shall pay all invoices within 14 days after receipt. Contractor acknowledges and agrees that the Department shall have no obligation to Contractor for payments for services or expenses. All disputes regarding compensation must be resolved directly with LifePointDLP. Contractor shall have no obligation to provide services until it has reviewed and approved terms of the Payment Agreement between the Department and LifePointDLP and received an initial retainer payment of $75,000 from DLP. Upon written notice to LifePoint DLP and the Department, Contractor may stop providing services under this Agreement, if any payment payable to Contractor pursuant to the Payment Agreement is not received within five business days after its due date under the Payment Agreement; provided that Contractor shall recommence its services under this Agreement immediately upon receipt of all payments then due and payable. Contractor will invoice the Department the Opinion balance of the Fixed-Fee upon issuance of Xxxxxx’s written reports report and opinion. Such invoice shall be for review solely by the OpinionsDepartment and shall include an itemization of the services performed together with dates, times and individuals performing the work. Expenses shall be specifically and individually identified at the end of the invoice, together with attached receipts and a total cumulative statement. Additional information shall be provided upon request by the Department. Contractor also shall transmit to the Department a summary invoice containing only the Opinion balance of the Fixed-Fee, expenses incurred pursuant to this Agreement, and instructions for payment. The Department will send such summary invoice to LifePointDLP, and LifePoint DLP shall pay such invoice within 14 days after receipt. If the Transactions are contemplated transaction is terminated and/or Contractor’s work is stopped by the Department, for any reason other than Contractor’s material breach of its obligations under this Agreement, prior to the issuance of Contractor’s written reports report and Opinionsopinion, Contractor then Contractor’s total fee for all services furnished shall be reimbursed $75,000 plus out of pocket expenses incurred to date. The Department shall promptly (and in no event more than 7 days from receipt) review Contractor's billing statement and, upon approval, shall transmit a request to LifePoint DLP for payment. All invoices and summary invoices and all supporting documents, together with all of Contractor’s work papers relating to this Agreement and its services hereunder shall be maintained by the Contractor for three (3) years after the termination or expiration of the Agreement for audit purposes. Contractor shall make available to LifePointDLP, on request, copies of itemized billing statements, receipts and any additional information after the Department concludes its review and has issued its report.