Invoicing and Billing. Each party shall invoice the other for charges for Transition Services provided pursuant hereto on a monthly basis as incurred, such invoices to be delivered to the other party within 15 days after the end of each calendar month. Such invoices may include third party charges incurred in providing Transition Services pursuant to Section 2 of this Agreement or, at the invoicing party’s option, Transition Services provided by one or more third parties may be invoiced directly to the Receiving Party of those Transition Services. Each Receiving Party shall pay to the relevant Providing Party the aggregate charge for Transition Services provided under this Agreement in arrears, subject to receipt of an invoice from the Providing Party in accordance with this Section 11, within 30 days after the end of each calendar month. Amounts due by one party to the other party under this Agreement shall be netted against amounts due by the other party to the first party under this Agreement or any other agreement.
Appears in 3 contracts
Samples: Transition Services Agreement (BGC Partners, Inc.), Transition Services Agreement (Newmark Group, Inc.), Transition Services Agreement (Newmark Group, Inc.)
Invoicing and Billing. Each party shall invoice the other for charges for Transition Administrative Services provided pursuant hereto on a monthly basis as incurred, such invoices to be delivered to the other party within 15 days after the end of each calendar month. Such invoices may include third party charges incurred in providing Transition Administrative Services pursuant to Section 2 of this Agreement or, at the invoicing party’s option, Transition Administrative Services provided by one or more third parties may be invoiced directly to the Receiving Party of those Transition Administrative Services. Each Receiving Party shall pay to the relevant Providing Party the aggregate charge for Transition Administrative Services provided under this Agreement in arrears, subject to receipt of an invoice from the Providing Party in accordance with this Section 11, within 30 days after the end of each calendar month. Amounts due by one party to the other party under this Agreement shall be netted against amounts due by the other party to the first party under this Agreement or any other agreement.
Appears in 3 contracts
Samples: Administrative Services Agreement (BGC Partners, Inc.), Administrative Services Agreement (Newmark Group, Inc.), Administrative Services Agreement (Newmark Group, Inc.)
