Common use of Invoices and Payment Terms Clause in Contracts

Invoices and Payment Terms. Distributor shall send Sub-Distributor invoices via mail or email for each shipment. Sub-Distributor shall notify Distributor in writing if Sub-Distributor disputes any charges set forth on an invoice within five (5) calendar days after receipt of such invoice, specifying in reasonable detail the items disputed and basis for the dispute. Thereafter, the Parties will work in good faith to resolve such dispute as quickly as is reasonably possible. If any such dispute is not resolved within thirty (30) calendar days after Sub-Distributor’s receipt of the applicable invoice, then Distributor may suspend any further shipments of the Products under this Agreement until such time as the dispute is resolved and all amounts agreed upon by the Parties to be due are paid in full. All undisputed amounts on each invoice are due and payable within seven (7) calendar days from the date of Sub-Distributor’s receipt of the invoice. Payments due hereunder must be made, at Sub-Distributor’s option, by ACH, wire transfer, certified check, or such other method as may be agreed to by the Parties. Distributor reserves the right to change or modify payment terms upon thirty (30) calendar days’ written notice to Sub-Distributor at any time following a default by Sub-Distributor of its payment obligations under this Agreement with such changes or modifications to be effective for Purchase Orders submitted after such thirty (30) calendar day period. Invoices will be issued upon shipment of the Product to Sub-Distributor or to Sub-Distributor’s customer via direct shipment.

Invoices and Payment Terms. Distributor shall send Sub-Distributor invoices via mail or email for each shipment. Sub-Distributor shall notify Distributor in writing if Sub-Distributor disputes any charges set forth on an invoice within five fifteen (515) calendar days after receipt of such invoice, specifying in reasonable detail the items disputed and basis for the dispute. Thereafter, the Parties will work in good faith to resolve such dispute as quickly as is reasonably possible. If any such dispute is not resolved within thirty (30) calendar days after Sub-Distributor’s receipt of the applicable invoice, then Distributor may suspend any further shipments of the Products under this Agreement until such time as the dispute is resolved and all amounts agreed upon by the Parties to be due are paid in full. All undisputed amounts on each invoice are due and payable within seven thirty (730) calendar days from the date of Sub-Distributor’s receipt of the invoice. Payments due hereunder must be made, at Sub-Distributor’s option, by ACH, wire transfer, certified check, check or such other method as may be agreed to by the Parties. Distributor reserves the right to change or modify payment terms upon thirty (30) calendar days’ written notice to Sub-Distributor at any time following a default by Sub-Distributor of its payment obligations under this Agreement with such changes or modifications to be effective for Purchase Orders submitted after such thirty (30) calendar day period. Invoices will be issued upon shipment of the Product to Sub-Distributor or to Sub-Distributor’s customer via direct shipment.

Invoices and Payment Terms. Distributor shall send Sub-Distributor invoices via mail or email for each shipment. Sub-Distributor shall notify Distributor in writing if Sub-Distributor disputes any charges set forth on Prior to payment by Aventis of the payments due under this Agreement, ImmunoGen must submit an invoice within five to Aventis which shall reference the applicable purchase order number (5) calendar days each, an “Invoice”). ImmunoGen shall generate Invoices for all fees and cost reimbursements. Invoices for Service Fees and for cost reimbursements shall be generated quarterly and provided to Aventis promptly after receipt the end of such invoicethe Calendar Quarter in which the fees were incurred; invoices for the milestone-based fee described above will be generated any time after completion of the milestone (as completion is determined under the Project Plan and Section 8.4.7(c)). Each Invoice shall be addressed to: sanofi-aventis U.S. LLC Attention: Accounts Payable Department 1041 Xxxxx 000-000 X.X. Xxx 0000 Xxxxxxxxxxx, specifying in XX 00000-0000. Invoices for cost reimbursement shall include appropriate reasonable documentation of costs incurred; Invoices for Service Fees shall detail the items disputed personnel providing Services and basis the number of FTEs/hours spent in performing Services, as calculated in accordance with Section 8.4.7(a), during the quarter for which the disputeInvoice applies. Thereafter, the Parties will work in good faith to resolve such dispute as quickly as is reasonably possible. If any such dispute is not resolved Aventis shall pay Invoices within thirty (30) calendar days after Sub-Distributor’s receipt of the applicable invoice, then Distributor may suspend each Invoice . Receipt or acceptance by Aventis of any further shipments of the Products Invoices under this Agreement until such time as will not preclude Aventis from questioning the dispute is resolved and all amounts agreed upon by correctness of the underlying information at a later date, or from exercising its rights under Section 8.4.7. If any undisputed inconsistencies or mistakes are discovered in an Invoice, the Parties to be due are paid in full. All undisputed amounts on each invoice are due and payable within seven (7) calendar days from the date of Sub-Distributor’s receipt of the invoice. Payments due hereunder must be made, at Sub-Distributor’s optionshall make immediate adjustment, by ACHreimbursement or credit, wire transfer, certified check, or such other method as may be agreed to by the Partiesapplicable. Distributor reserves the right to change or modify payment terms upon Invoices that remain unpaid more than thirty (30) calendar days’ written notice days beyond the scheduled payment due date may be subject to Sub-Distributor at any time an interest charge equal to one percent (1%) per month (twelve percent (12%) per annum), calculated from the scheduled payment due date forward; provided that in no event shall such annual rate exceed the maximum interest rate permitted by law in regard to such payments. Such payments when made shall be accompanied by all interest so accrued. All payments shall be made by wire transfer of immediately available funds to the following a default by Sub-Distributor of its payment obligations under this Agreement with such changes or modifications to be effective for Purchase Orders submitted after such thirty account: Investor’s Bank & Trust Co. ABA (30) calendar day period. Invoices will be issued upon shipment of the Product to Sub-Distributor or to Sub-Distributor’s customer via direct shipment.routing): 000000000 F/C Client Funds # 569530395 Account: 020208420015 Account Title: ImmunoGen, Inc.

Invoices and Payment Terms. Distributor Manufacturer shall send Sub-Distributor invoices via mail or email for each shipmentwhole or partial Purchase Order shipped. Sub-Manufacturer shall send such invoices to Distributor once the Products are in the possession of the shipping carrier, if shipped by sea, or if shipped by air, then once the Products are delivered to the Destination (as defined in Section 4.A. below). Distributor shall notify Distributor Manufacturer in writing if Sub-Distributor disputes any charges set forth on an invoice within five (5) calendar days after receipt of such invoice, specifying in reasonable detail the items disputed and basis for the dispute. Thereafter, the Parties will work in good faith to resolve such dispute as quickly as is reasonably possible. If any such dispute is not resolved within thirty (30) calendar days after Sub-Distributor’s receipt of the applicable invoice, then Distributor Manufacturer may suspend any further shipments of the Products under this Agreement until such time as the dispute is resolved and all amounts agreed upon by the Parties to be due are paid in full. All undisputed amounts on each invoice are due and payable within seven either fourteen (714) calendar days from the date of Sub-Distributor’s receipt the Product is received at the Destination (as defined in Section 4.A. below) if the Product was shipped by air, or thirty (30) calendar days from the date the shipping carrier has taken possession of the invoiceProduct if shipped by sea. Payments due hereunder must be made, at Sub-Distributor’s option, by ACH, wire transfer, certified check, or such other method as may be agreed to by the Parties. Distributor Manufacturer reserves the right to change or modify payment terms upon thirty sixty (3060) calendar days’ written notice to Sub-Distributor at any time following a default by Sub-Distributor of its payment obligations under this Agreement with such changes or modifications to be effective for Purchase Orders submitted after such thirty sixty (3060) calendar day period. Invoices will be issued upon shipment of the Product to Sub-Distributor or to Sub-Distributor’s customer via direct shipment.

Invoices and Payment Terms. Distributor shall send Sub-Distributor invoices via mail or email for each shipment. Sub-Distributor shall notify Distributor in writing if Sub-Distributor disputes any charges set forth on Prior to payment by Aventis of the payments due under this Agreement, ImmunoGen must submit an invoice to Aventis which shall reference the applicable purchase order number (each, an “Invoice”). ImmunoGen shall generate Invoices for all fees and cost reimbursements. Invoices for Service Fees and for cost reimbursements shall be generated quarterly and provided to Aventis promptly after the end of the Calendar Quarter in which the Portions of this Exhibit were omitted, as indicated by [***], and have been filed separately with the Secretary of the Commission pursuant to the Company’s application requesting confidential treatment under Rule 24b-2 of the Securities Exchange Act of 1934, as amended. fees were incurred; invoices for the milestone-based fee described above will be generated any time after completion of the milestone (as completion is determined under the Project Plan and Section 8.4.7(c)). Each Invoice shall be addressed to: sanofi-aventis U.S. LLC Attention: Accounts Payable Department 1041 Xxxxx 000-000 X.X. Xxx 0000 Xxxxxxxxxxx, XX 00000-0000. Invoices for cost reimbursement shall include appropriate reasonable documentation of costs incurred; Invoices for Service Fees shall detail the personnel providing Services and the number of FTEs/hours spent in performing Services, as calculated in accordance with Section 8.4.7(a), during the quarter for which the Invoice applies. Aventis shall pay Invoices within five (5) calendar days [***] after receipt of such invoiceeach Invoice . Receipt or acceptance by Aventis of any Invoices under this Agreement will not preclude Aventis from questioning the correctness of the underlying information at a later date, specifying or from exercising its rights under Section 8.4.7. If any [***] inconsistencies or mistakes are discovered in reasonable detail the items disputed and basis for the dispute. Thereafteran Invoice, the Parties will work shall make immediate adjustment, by reimbursement or credit, as applicable. Invoices that remain unpaid more than [***] beyond the scheduled payment due date may be subject to an interest charge equal to [***], calculated from the scheduled payment due date forward; provided that in good faith no event shall such annual rate exceed the maximum interest rate permitted by law in regard to resolve such dispute as quickly as is reasonably possiblepayments. If any such dispute is not resolved within thirty (30) calendar days after Sub-Distributor’s receipt of the applicable invoice, then Distributor may suspend any further shipments of the Products under this Agreement until such time as the dispute is resolved and Such payments when made shall be accompanied by all amounts agreed upon by the Parties to be due are paid in fullinterest so accrued. All undisputed amounts on each invoice are due and payable within seven payments shall be made by wire transfer of immediately available funds to the following account: [***] ABA (7) calendar days from the date of Sub-Distributor’s receipt of the invoice. Payments due hereunder must be maderouting): [***] F/C Client Funds [***] Account: [***] Account Title: ImmunoGen, at Sub-Distributor’s option, by ACH, wire transfer, certified check, or such other method as may be agreed to by the Parties. Distributor reserves the right to change or modify payment terms upon thirty (30) calendar days’ written notice to Sub-Distributor at any time following a default by Sub-Distributor of its payment obligations under this Agreement with such changes or modifications to be effective for Purchase Orders submitted after such thirty (30) calendar day period. Invoices will be issued upon shipment of the Product to Sub-Distributor or to Sub-Distributor’s customer via direct shipment.Inc.

Invoices and Payment Terms. Distributor ImmunoGen shall send Subgenerate invoices for all fees and cost reimbursements. Invoices for Services Fees and for cost reimbursements must be generated monthly and provided to Genentech promptly after the end of the month in which the fees were incurred; invoices for milestone-Distributor based fees may be generated any time after completion of the milestone (as completion is determined under the Project Document and Section 3.2). Invoices for cost reimbursement must include appropriate documentation of costs incurred; invoices via mail or email for each shipmentServices Fees must detail the [***] [***] Services and the number of hours spent in performing Services, as calculated in accordance with Section 3.1, during the month for which the invoice applies; and invoices for milestone-based fees must identify the milestone completed. Sub-Distributor Genentech shall notify Distributor in writing if Sub-Distributor disputes any charges set forth on an invoice pay [***] invoices within five [***] (5[***]) calendar days after receipt of such each invoice or a facsimile copy of each invoice. Receipt or acceptance by Genentech of any invoices under this Agreement does not and will not preclude Genentech from questioning the correctness of the underlying information at a later date, specifying or from exercising its rights under Section 3.5. If any [***] inconsistencies or mistakes are discovered in reasonable detail the items disputed and basis for the dispute. Thereafteran invoice, the Parties will work shall make immediate adjustment, by reimbursement or credit, as applicable. Invoices that remain unpaid more than [***] ([***]) days beyond the scheduled payment due date may be subject to an interest charge equal to one percent (1%) per month (twelve percent (12%) per annum), calculated from the scheduled payment due date forward; provided that in good faith no event shall such annual rate exceed the maximum interest rate permitted by law in regard to resolve such dispute as quickly as is reasonably possiblepayments. If any such dispute is not resolved within thirty (30) calendar days after Sub-Distributor’s receipt Such payments when made shall be accompanied by all interest so accrued. All payments shall be made by wire transfer of immediately available funds to the following account: [***] Portions of this Exhibit were omitted and have been filed separately with the Secretary of the applicable invoice, then Distributor may suspend any further shipments Commission pursuant to the Company’s application requesting confidential treatment under Rule 24b-2 of the Products under this Agreement until such time as the dispute is resolved and all amounts agreed upon by the Parties to be due are paid in fullSecurities Exchange Act of 1934. All undisputed amounts on each invoice are due and payable within seven ABA (7) calendar days from the date of Sub-Distributor’s receipt of the invoice. Payments due hereunder must be maderouting): [***] F/C Client Funds # [***] Account: [***] Account Title: ImmunoGen, at Sub-Distributor’s option, by ACH, wire transfer, certified check, or such other method as may be agreed to by the Parties. Distributor reserves the right to change or modify payment terms upon thirty (30) calendar days’ written notice to Sub-Distributor at any time following a default by Sub-Distributor of its payment obligations under this Agreement with such changes or modifications to be effective for Purchase Orders submitted after such thirty (30) calendar day period. Invoices will be issued upon shipment of the Product to Sub-Distributor or to Sub-Distributor’s customer via direct shipment.Inc.