Common use of Collection and Payment of Fees Clause in Contracts

Collection and Payment of Fees. All amounts due from the Customer in connection with the purchase of Blackboard Solutions shall be collected by Blackboard. i. TIPS administrative fee. All TIPS sales realized or generated under or as a consequence of the TIPS awarded contract shall include an Administrative Fee of two percent (2%). Customers shall reference the TIPS contract number on their purchase orders at the time of purchase. As the administrator of the contract, Blackboard must include the following data for each net sale or purchase through this contract: Invoice date Name of TIPS member (school, district, or organization) Invoice number Names and quantities of products purchased Single unit purchase price Total price

Appears in 5 contracts

Samples: Cooperative Purchasing Agreement, Cooperative Purchasing Agreement, Cooperative Purchasing Agreement

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