Common use of Disputes Of Invoices Clause in Contracts

Disputes Of Invoices. 15.2.1 Where Full Member disputes the amount of any invoice, statement or otherwise as issued by ABX (‘Disputed Amount’), Full Member herein acknowledges that they must notify ABX in writing before the date by which the Disputed Amount is payable, or where said payment has already been effected, as soon as is reasonably practicable where such time is not greater than two (2) Business Days. 15.2.2 Where Full Member fails to notify ABX pursuant to Clause 15.2.1, the Full Member herein acknowledges and agrees that notwithstanding the fact that the Disputed Amount remains disputed, that it shall be required to make payment in accordance with the ordinary payment terms. Upon finalising the dispute, where the Disputed Amount is found to have been in excess of what was owing to ABX, ABX herein warrants that it shall remit or set-­‐off any amount owing to Full Member as soon as is reasonably practicable.

Disputes Of Invoices. 15.2.1 Where Full Member PTM disputes the amount of any invoice, statement or otherwise as issued by ABX (‘Disputed Amount’), Full Member PTM herein acknowledges that they must notify ABX in writing before the date by which the Disputed Amount is payable, or where said payment has already been effected, as soon as is reasonably practicable where such time is not greater than two (2) Business Days. 15.2.2 Where Full Member PTM fails to notify ABX pursuant to Clause 15.2.1, the Full Member PTM herein acknowledges and agrees that notwithstanding the fact that the Disputed Amount remains disputed, that it shall be required to make payment in accordance with the ordinary payment terms. Upon finalising the dispute, where the Disputed Amount is found to have been in excess of what was owing to ABX, ABX herein warrants that it shall remit or set-­‐off any amount owing to Full Member PTM as soon as is reasonably practicable.