Common use of INVOICES, PAYMENT AND SETOFF Clause in Contracts

INVOICES, PAYMENT AND SETOFF. A member of the Purchasing Group placing a Purchase Order under this Master Agreement has no obligation to pay for any Work until acceptance of the Work and receipt of one original and two copies of a correct invoice. The Purchasing Group members will not make any advance payments for any Work. The invoice must be sent to the address shown on the Purchase Order. Each invoice must be printed on Contractor’s standard printed xxxx form, and must include at a minimum (a) the Purchase Order number, (b) Contractor’s name and address, (c) the nature of the invoiced charge, (d) the description of Work provided, (e) the per unit amount charged, if applicable, (f) the extended price, with taxes itemized separately, (g) each item comprising the Work designated on the invoice as taxable or nontaxable and all tax must be included as a separate line item on Contractor’s invoice. Payment is due Net 45 from date of receipt of a Purchasing Group member’s invoice unless otherwise indicated on the Purchase Order. Amounts owed to a member of the Purchasing Group due to rejection of all or a portion of the Work or discrepancies in the invoices must be, at the Purchasing Group member’s option, fully credited against future invoices payable by the Purchasing Group member, or paid by Contractor within thirty (30) days from Contractor’s receipt of a debit memo or other written request for payment from the Purchasing Group member. The Purchasing Group member has the right at any time to set off any amount owing from Contractor to the Purchasing Group member against any amount payable by the Purchasing Group member pursuant to any Purchase Order or any other transaction or occurrence.

INVOICES, PAYMENT AND SETOFF. A member of the Purchasing Group placing a Purchase Work Order under this Master Agreement has shall have no obligation to pay for any Work until acceptance of the Work and receipt of one original and two copies of a correct invoice. The Purchasing Group members will not make any advance payments for any Work. The invoice must be sent to the address shown on the Purchase Work Order. Each invoice must be printed on Contractor’s standard printed xxxx form, and must include at a minimum (a) the Purchase Work Order number, (b) Contractor’s name and address, (c) the nature of the invoiced charge, (d) the description of Work provided, (e) the per unit amount charged, if applicable, (f) the extended price, with taxes itemized separately, and (g) each item comprising the Work designated on the invoice designated as taxable or nontaxable and all tax must be included as a separate line item on Contractor’s invoice. Payment is due Net 45 from date of receipt of a Purchasing Group member’s invoice unless otherwise indicated on the Purchase Ordernontaxable. Amounts owed to a member of the Purchasing Group due to rejection of all or a portion of the Work or discrepancies in the said invoices must will be, at the Purchasing Group member’s option, fully credited against future invoices payable by the Purchasing Group member, or paid by Contractor within thirty (30) days from Contractor’s receipt of a debit memo or other written request for payment from the Purchasing Group member. The Purchasing Group member has shall have the right at any time to set off any amount owing from Contractor to the Purchasing Group member against any amount payable by the Purchasing Group member pursuant to any Purchase Work Order or any other transaction or occurrence.