Common use of DISCOUNTS FOR PROMPT PAYMENT Clause in Contracts

DISCOUNTS FOR PROMPT PAYMENT. In connection with any prompt payment discount offered, time will be computed from the date of the Contractor’s invoice. Payment is deemed to have been made as of the date on the payment check or date on which electronic funds transfer is made.

DISCOUNTS FOR PROMPT PAYMENT. In connection with any prompt payment discount offered, time will be computed from the date of the Contractorcontractor’s invoice. Payment is deemed to have been made as of the date on the payment check or date on which electronic funds transfer is made.