Common use of Interest and Late Payments Clause in Contracts

Interest and Late Payments. County’s payment for goods and services shall be governed by Chapter 2251 of the Texas Government Code. Invoices shall be paid by County within thirty (30) calendar days from the date of the Xxxxxxxxxx County Auditor’s Office receipt of an invoice. Interest charges for any late payments shall be paid by County in accordance with Texas Government Code Section 2251.025. More specifically, the rate of interest that shall accrue on a late payment is the rate in effect on September 1 of County’s fiscal year in which the payment becomes due. The said rate in effect on September 1 shall be equal to the sum of one percent (1%); and (2) the prime rate published in the Wall Street Journal on the first day of July of the preceding fiscal year that does not fall on a Saturday or Sunday. In the event that a discrepancy arises in relation to an invoice, such as an incorrect amount on an invoice or a lack of documentation that is required to be attached to an invoice to evidence the amount claimed to be due, Xxxxxxxxxx County shall notify Billing Service Provider of the discrepancy. Following Xxxxxxxxxx County’s notification of any discrepancy as to an invoice, Billing Service Provider must resolve the discrepancy and resubmit a corrected or revised invoice, which includes all required support documentation, to Xxxxxxxxxx County Auditor’s Office. Xxxxxxxxxx County Auditor’s Office shall pay the invoice within thirty (30) calendar days from the date of the Xxxxxxxxxx County Auditor’s Office receipt of the corrected or revised invoice. Xxxxxxxxxx County Auditor’s Office payment of an invoice that contains a discrepancy shall not be considered late, nor shall any interest begin to accrue until the thirty-first (31st) calendar day following the Xxxxxxxxxx County Auditor’s Office receipt of the corrected or revised invoice.

Interest and Late Payments. County’s payment for goods and services shall be governed by Chapter 2251 of the Texas Government Code. Invoices shall be paid by County within thirty (30) calendar days from the date of the Xxxxxxxxxx County Auditor’s Office receipt of an invoice. Interest charges for any late payments shall be paid by County in accordance with Texas Government Code Section 2251.025. More specifically, the rate of interest that shall accrue on a late payment is the rate in effect on September 1 of County’s fiscal year in which the payment becomes due. The said rate in effect on September 1 shall be equal to the sum of one percent (1%); and (2) the prime rate published in the Wall Street Journal on the first day of July of the preceding fiscal year that does not fall on a Saturday or Sunday. In the event that a discrepancy arises in relation to an invoice, such as an incorrect amount on an invoice or a lack of documentation that is required to be attached to an invoice to evidence the amount claimed to be due, Xxxxxxxxxx County shall notify Billing Service Provider Consultant of the discrepancy. Following Xxxxxxxxxx County’s notification of any discrepancy as to an invoice, Billing Service Provider Consultant must resolve the discrepancy and resubmit a corrected or revised invoice, which includes all required support documentation, to the Xxxxxxxxxx County Auditor’s Office. Xxxxxxxxxx County Auditor’s Office shall pay the invoice within thirty (30) calendar days from the date of the Xxxxxxxxxx County Auditor’s Office receipt of the corrected or revised invoice. Xxxxxxxxxx County AuditorCounty’s Office payment of an invoice that contains a discrepancy shall not be considered late, nor shall any interest begin to accrue until the thirty-first (31st) calendar day following the Xxxxxxxxxx County Auditor’s Office receipt of the corrected or revised invoice.

Interest and Late Payments. County’s payment for goods and services shall be governed by Chapter 2251 of the Texas Government Code. Invoices shall be paid by County within thirty (30) calendar days from the date of the Xxxxxxxxxx Williamson County Auditor’s Office receipt of an invoice. Interest charges for any late payments shall be paid by County in accordance with Texas Government Code Section 2251.025. More specifically, the rate of interest that shall accrue on a late payment is the rate in effect on September 1 of County’s fiscal year in which the payment becomes due. The said rate in effect on September 1 shall be equal to the sum of one percent (1%); and (2) the prime rate published in the Wall Street Journal on the first day of July of the preceding fiscal year that does not fall on a Saturday or Sunday. In the event that a discrepancy arises in relation to an invoice, such as an incorrect amount on an invoice or a lack of documentation that is required to be attached to an invoice to evidence the amount claimed to be due, Xxxxxxxxxx County shall notify Billing Service Provider Consultant of the discrepancy. Following Xxxxxxxxxx County’s notification of any discrepancy as to an invoice, Billing Service Provider Consultant must resolve the discrepancy and resubmit a corrected or revised invoice, which includes all required support documentation, to Xxxxxxxxxx the Williamson County Auditor’s Office. Xxxxxxxxxx County Auditor’s Office shall pay the invoice within thirty (30) calendar days from the date of the Xxxxxxxxxx Williamson County Auditor’s Office receipt of the corrected or revised invoice. Xxxxxxxxxx County AuditorCounty’s Office payment of an invoice that contains a discrepancy shall not be considered late, nor shall any interest begin to accrue until the thirty-first (31st) calendar day following the Xxxxxxxxxx Williamson County Auditor’s Office receipt of the corrected or revised invoice.

Interest and Late Payments. County’s payment for goods and services shall be governed by Chapter 2251 of the Texas Government Code. Invoices shall be paid by County within thirty (30) calendar days from the date of the Xxxxxxxxxx County Auditor’s Office Auditor receipt of an invoice. Interest charges for any late payments shall be paid by County in accordance with Texas Government Code Section 2251.025. More specifically, the rate of interest that shall accrue on a late payment is the rate in effect on September 1 of County’s fiscal year in which the payment becomes due. The said rate in effect on September 1 shall be equal to the sum of one percent (1%); and (2) the prime rate published in the Wall Street Journal on the first day of July of the preceding fiscal year that does not fall on a Saturday or Sunday. In the event that a discrepancy arises in relation to an invoice, such as an incorrect amount on an invoice or a lack of documentation that is required to be attached to an invoice to evidence the amount claimed to be due, Xxxxxxxxxx County shall notify Billing Service Provider of the discrepancy. Following Xxxxxxxxxx County’s County notification of any discrepancy as to an invoice, Billing Service Provider must resolve the discrepancy and resubmit a corrected or revised invoice, which includes all required support documentation, to Xxxxxxxxxx County Auditor’s Office. Xxxxxxxxxx County Auditor’s Office Auditor shall pay the invoice within thirty (30) calendar days from the date of the Xxxxxxxxxx County Auditor’s Auditor Office receipt of the corrected or revised invoice. Xxxxxxxxxx County Auditor’s Office Auditor payment of an invoice that contains a discrepancy shall not be considered late, nor shall any interest begin to accrue until the thirty-first (31st) calendar day following the Xxxxxxxxxx County Auditor’s Office Auditor receipt of the corrected or revised invoice.