Invoice Payment Date. 2.1 Subject to Clause 4.2.3, within ten (10) Business Days after the Company’s receipt of the Invoice, the Company shall pay to the Service Provider the sum due in respect of the Invoice by electronic transfer of funds to such bank account as may be specified in Schedule 8 or otherwise communicated in writing to the Company, quoting the invoice number against which payment is made.
2.2 Subject to Section 3, if any amount included in the Invoice remains unpaid after the time period stated in Section 2.1, then the Service Provider shall be entitled to charge interest on the amount unpaid, including interest on any Value Added Tax unpaid, in accordance with the European Communities (Late Payments in Commercial Transactions) Regulations 2012.
Invoice Payment Date. Subject to Clause 5. 2.3, within ten (10) Business Days after the Company’s receipt of the Invoice, the Company shall pay to the Service Provider the sum due in respect of the Invoice by electronic transfer of funds to such bank account as may be specified in Schedule 9 or otherwise communicated in writing to the Company, quoting the invoice number against which payment is made.
Invoice Payment Date. All Arius invoices for amounts due as a result of TEAMM’s purchase of the Product from Arius hereunder shall be sent simultaneously with or promptly following the shipment of such Product, and be paid by TEAMM net 30 days from date of invoice in US Dollars. All Arius invoices for amounts due pursuant to Section 7.5(b) shall be sent promptly upon Arius’ achievement of the applicable milestone, and be paid net 30 days from date of invoice in US Dollars. Any amounts invoiced pursuant to the foregoing or any other amounts not paid when due under this Agreement shall be subject to a service charge at the lower of the rate of one and one-half (1.5%) percent per month or the maximum rate permitted by law. If TEAMM fails to make any payment to Arius when due under this Agreement, Arius may, upon thirty (30) days written notice to TEAMM, without affecting any other rights under this Agreement, and in Arius’ sole discretion, (i) terminate this Agreement, (ii) cancel or delay shipments hereunder, or (iii) render the rights granted hereunder nonexclusive.
Invoice Payment Date. 2.1 Subject to Clause 5.3, within ten (10) Business Days after the receipt by either Party (the "Paying Party") of an Invoice from the other Party (the "Invoicing Party"), the Paying Party shall pay to the Invoicing Party the sum due in respect of the Invoice by electronic transfer of funds to such bank account as may be specified in Schedule 6 or Schedule 7 or otherwise communicated in writing to the Paying Party, quoting the invoice number against which payment is made.
2.2 Subject to Section 3 of this Schedule, if any amount included in the Invoice remains unpaid after the time period stated in Section 2.1, then the Invoicing Party shall be entitled to charge interest on the amount unpaid, including interest on any Value Added Tax unpaid, in accordance with the European Communities (Late Payments in Commercial Transactions) Regulations 2012.
Invoice Payment Date. 2.4.1 Subject to Clause 2.2.3, within ten (10) Business Days of the Company’s receipt of the Invoice, the Company shall pay to the Service Provider the sum due in respect of the Invoice by electronic transfer of funds to such bank account as is specified in Schedule 5 or otherwise communicated in writing to the Company, quoting the invoice number against which payment is made.
2.4.2 Subject to Clause 2.5, if any amount included in the Invoice remains unpaid after the time period stated in 2.4.1, then the Service Provider shall be entitled to charge interest on the amount unpaid, including interest on any Value Added Tax unpaid, in accordance with the Late Payments in Commercial Transactions Regulations 2002.
Invoice Payment Date. 2.1 Subject to Clause 4.1.3, within ten (10) Business Days after the Service Provider’s receipt of the Self Billing Invoice, the Company shall pay to the Service Provider the sum due in respect of the Self Billing Invoice by electronic transfer of funds to such bank account as communicated in writing to the Company, quoting the Self Billing Invoice number against which payment is made.
2.2 Subject to Paragraph 3, if any amount included in the Self Billing Invoice remains unpaid after the time period stated in Paragraph 2.1, then the Service Provider shall be entitled to charge interest on the amount unpaid, including interest on any Value Added Tax unpaid, in accordance with the Late Payments of Commercial Debts (Interest) Xxx 0000 (as amended).
Invoice Payment Date. All Contract Manufacturer invoices for amounts due as a result of TEAMM’s purchase of the Product per Section 7.3 shall be sent simultaneously with or promptly following the shipment of such Product consistent with the terms of the Supply Agreement and be paid by TEAMM in US Dollars.
(a) Any Purchase Price not paid by TEAMM when due under the terms of the Supply Agreement with the Contract Manufacturer, after notification by Collegium may be paid by Collegium directly to the Contract Manufacturer at Collegium’s sole discretion at which point TEAMM shall immediately owe the amount paid on its behalf plus any interest to Collegium which shall be due and payable.
(b) Any amounts paid pursuant to the foregoing or any other amounts not paid when due per this Agreement shall be subject to a interest charge payable to Collegium at the lower of the rate of one and one-half (1.5%) percent per month or the maximum rate permitted by law in addition to any penalties that may be charged by the Contract Manufacturer as described in the Supply Agreement.
(c) If TEAMM fails to make any payment to Collegium when due, Collegium may, upon thirty (30) days written notice to TEAMM and without affecting any other rights under this Agreement, (i) terminate this Agreement or (ii) convert the grant of rights under Section 3 to non-exclusive if TEAMM fails to cure such failure to pay within such thirty (30) day period. The running of said thirty (30) day period shall be tolled in the event that there is a good-faith dispute as to the amounts due pursuant to any invoice or with regard to any payments allegedly due hereunder, while the parties (and/or the Steering Committee) engage in discussions to resolve the outstanding dispute. In no case will any undisputed payments or portions of payments be withheld while resolution of the disputed payments remains unresolved.
Invoice Payment Date. Buyer shall pay the Contract Price within 30 days of the date Buyer receives an invoice from Seller reflecting the total amount due to Seller for the Delivered RECs (“Payment Date”).
Invoice Payment Date. All Respirics invoices for amounts due as a result of TEAMM’s purchase of Products from Respirics hereunder shall be sent simultaneously with or promptly following the shipment of such Products, and be paid by TEAMM net 30 days from date of invoice in US Dollars; amounts paid based on Net Sales shall be paid pursuant to Section 7.7 below. Any amounts invoiced pursuant to the foregoing or any other amounts not paid when due shall be subject to a service charge at the lower of the rate of one and one-half (1.5%) percent per month or the maximum rate permitted by law. If TEAMM fails to make any payment to Respirics when due, Respirics may, upon thirty (30) days written notice to TEAMM and without affecting any other rights under this Agreement, (i) terminate this Agreement, (ii) cancel or delay shipments hereunder, or (iii) terminate the grant of exclusivity to TEAMM if TEAMM foils to cure such failure to pay within such thirty (30) day period.
Invoice Payment Date. 2.1 Within ten (10) Business Days after the Company’s receipt of the Self Billing Invoice, the Company shall pay to the Service Provider the sum due in respect of the Self Billing Invoice by electronic transfer of funds to such bank account as communicated in writing to the Company , quoting the Self Billing Invoice number against which payment is made.
