Invoices; Payment; Default Sample Clauses

Invoices; Payment; Default. (i) All purchases of Products by TFM, and any other costs and fees due to Supplier from TFM, will be billed to TFM on a weekly basis, taking into account such purchases of Products, and costs incurred, by TFM, on a weekly period from Friday through Thursday as well as any credits (which shall be set forth on a separate line item) due to TFM pursuant to this Agreement, all of which shall be consolidated into one summary recap of all TFM Store retailer statements and charges (each, a “Retailer Statement”). TFM acknowledges that it will have access to all TFM Store individual invoices and retailer statements through SVHarbor (or such other successor site or other similar application for invoice viewing). Supplier shall provide TFM with Retailer Statements via electronic method on each Friday immediately following the end of such weekly billing period. In the event any such Friday is a legal holiday, the Retailer Statement may be issued the following Monday. (ii) TFM shall remit payment to Supplier for the entire amount of the Retailer Statement. Payment shall be made by TFM to Supplier no later than the first (1st) Thursday following the day on which the Retailer Statement is issued (each, a “Payment Due Date”). All payments shall be in immediately available funds and shall be sent to Supplier utilizing one of the following payment methods at TFM’s sole discretion: (A) permit Supplier to pull funds from a designated TFM account equal to the entire amount of the Retailer Statement via Automated Clearing House, with immediately available funds provided to Supplier no later than the Payment Due Date; or (B) pay the entire amount due to Supplier by Automated Clearing House or by wire transfer initiated by TFM to Supplier’s account in accordance with Supplier’s written instructions with immediately available funds provided to Supplier no later than the applicable Payment Due Date. (iii) TFM will be considered in default of payment if TFM fails to pay when due any amount owed to Supplier under this Agreement (each, a “Payment Default”); provided, however, that any delay in payment caused by bank error, if Supplier receives confirmation by [***] on the Payment Due Date from the bank that the payment failure resulted from a bank error, shall not be deemed a Payment Default if payment in full is made within [***] of when such payment is due. Notwithstanding anything to the contrary contained in this Agreement, upon the occurrence of a Payment Default, Supplier may imm...