Collection and Billing Sample Clauses
The Collection and Billing clause outlines the procedures and responsibilities related to invoicing and payment collection between parties. It typically specifies how and when invoices will be issued, the acceptable methods of payment, and the timeline for payment after invoicing. For example, it may require that invoices be sent monthly and paid within 30 days of receipt. This clause ensures that both parties have a clear understanding of the financial processes, reducing the risk of disputes over payments and promoting timely compensation for services rendered.
Collection and Billing. The ISO shall facilitate and/or perform the billing and collection of revenues related to services provided by the ISO pursuant to the terms of the ISO OATT and the ISO Services Tariff.
Collection and Billing. PTE shall be responsible for billing and collection of (i) fees for the Services and (ii) amounts for reimbursement of the reasonable expenses incurred in connection with the rendition of the Services. Attached as Exhibit A is a schedule of fees to be paid Vanc▇ ▇▇▇ the Services and fees to be collected by PTE. This fee schedule shall govern until and unless the parties subsequently agree otherwise; provided, however, that Vanc▇ ▇▇▇ll have the right to reasonably adjust its rates on an annual basis. PTE is authorized to charge the customers of the Services the amount set forth on the schedule of fees and to retain the difference between the amounts charged and the amounts due Vanc▇. ▇▇ce a month, Vanc▇ ▇▇▇ll bill ▇▇▇ for the fees and expenses for the Services incurred for the previous month identifying specifically the charges by customer and service. PTE shall pay the amounts so billed by Vanc▇ ▇▇▇hin ten days of receipt by PTE of good funds from the customer. It is anticipated that most Services shall be paid by charge or credit card. The parties agree to bear all credit risks, including the risk of charge backs, in proportion to their respective interest in the payments.
Collection and Billing. Formatted: Bullets and Numbering The ISO shall facilitate and/or perform the billing and collection of revenues related to services provided by the ISO pursuant to the terms of the ISO OATT and the ISO Services Tariff.