Common use of Early Payment Discount Clause in Contracts

Early Payment Discount. Upon receipt of full payment of an invoice within twenty (20) days of the invoice date which brings the Municipality’s outstanding balance to zero, Municipality shall receive a one-and-one-half percent (1.5%) discount from the invoice's amount. Municipality's eligibility expires monthly and is renewed monthly with the issuance of each month's invoice.

Appears in 3 contracts

Samples: Solid Waste and Recycling Services Agreement, Services Agreement, Services Agreement

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Early Payment Discount. Upon receipt of full payment of an invoice within twenty (20) 20 days of the invoice date which brings the Municipality’s outstanding balance to zero, Municipality shall receive a one-and-one-half percent (1.5%) discount from the invoice's amount. Municipality's eligibility expires monthly and is renewed monthly with the issuance of each month's invoice.

Appears in 2 contracts

Samples: Services Agreement, Services Agreement

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Early Payment Discount. Upon receipt of full payment of an invoice within twenty (20) 20 days of the invoice date which brings the Municipality’s outstanding balance to zero, Municipality shall receive a one-and-one-half percent (1.5%) discount from the invoice's amount. Municipality's eligibility expires monthly and is renewed monthly as stated in Section 5 with the issuance of each month's invoice.

Appears in 1 contract

Samples: Solid Waste and Recycling Services Agreement

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