Invoicing and Settlement a) Subject to the specific terms of the Agreement and the SLA, the Managed Service Provider shall submit its invoices in accordance with the following principles:
(i) The Purchaser shall be invoiced by the Managed Service Provider for the Services. Generally and unless otherwise agreed in writing between the Parties or expressly set out in the SLA, the Managed Service Provider shall raise an invoice as per this Agreement; and
(ii) Any invoice presented in accordance with this Clause shall be in a form agreed with the Purchaser.
b) The Managed Service Provider alone shall invoice all payments after receiving due approval of completion of payment milestone from the competent authority. Such invoices shall be accurate with all adjustments or changes in the terms of payment. The Managed Service Provider shall waive any charge for a Service that is not invoiced within six months after the end of the month in which the change relating to such Service is (i) authorized or (ii) incurred, whichever is later.
c) Payment shall be made within <30 working days> of the receipt of invoice along with supporting documents by the Purchaser subject to deduction of applicable liquidated damages or SLA penalties. The penalties are imposed on the Managed Service Provider as per the SLA criteria specified in the SLA.
d) The Purchaser shall be entitled to delay or withhold payment of any invoice or part of it delivered by the Managed Service Provider where the Purchaser disputes/withholds such invoice or part of it provided that such dispute is bona fide. The withheld amount shall be limited to that which is in dispute. The disputed / withheld amount shall be settled in accordance with the escalation procedure as set out in this Agreement. Any exercise by the Purchaser under this Clause shall not entitle the Managed Service Provider to delay or withhold provision of the Services.
e) The Managed Service Provider shall be solely responsible to make payment to its sub-contractors, if they are expressly approved by the Purchaser to work with the Managed Service Provider.
Invoicing and Settlement. (a) Unless any Schedule hereto indicates otherwise or the parties agree in writing to a different arrangement, Provider shall invoice or notify in writing the Recipient on a monthly basis (not later than 30 days after the end of each month) for the charges for Services hereunder for the prior month (the date of delivery of such invoice, the “Invoice Date”).
(b) Recipient agrees to pay on or before the date (each, a “Payment Date”) that is 30 days after the Invoice Date by wire transfer of immediately available funds payable to the order of Provider to such account(s) designated by Provider all amounts invoiced by Provider pursuant to Section 3.03(a), except for any portion of those amounts reasonably disputed in good faith. Payment for amounts reasonably disputed in good faith for any Services may be withheld beyond their due date by Recipient until such dispute is resolved pursuant to Section 4.04, in which event the relevant payment shall include interest at the Interest Rate from the date that is 15 days after the original relevant Payment Date to the actual payment date. In the event of any overpayments by Recipient, Provider agrees to promptly refund any such overpaid amount to Recipient no later than 15 days from the date it is determined that there has been an overpayment.
Invoicing and Settlement. Unless any Exhibit hereto indicates otherwise or the parties agree in writing to a different arrangement, Chemtura shall, by the fifteenth date of each calendar month during the Term, send to Purchaser an invoice listing the charges for Services hereunder for the following month (the date of delivery of such invoice, the “Invoice Date”). The invoice shall specify in reasonable detail the basis for the charges. All invoices shall be sent to Purchaser’s address set forth in Section 11.05(b). In the event that any Service is terminated, or the applicable Service Term expires, during a calendar month pursuant to Section 6.02, Purchaser shall pay only a pro-rated portion of the relevant charges for the period in such calendar month during which the Services are to be provided. In the event that any increase or decrease in any Service Cost was not reflected in the applicable invoice for the month in which such increase or decrease takes effect, an appropriate adjustment shall be made in the subsequent invoice.
Invoicing and Settlement. The provisions of the Invoicing Schedule shall apply.
Invoicing and Settlement. 2.4.1 Except as otherwise provided in the Schedules, each Provider shall invoice the Company on a monthly basis, in arrears, for the previous month’s Services.
2.4.2 The Company agrees to pay amounts due within forty five (45) days after the date of invoice.
2.4.3 Notwithstanding the foregoing, if the Company disputes in good faith and in writing, within thirty (30) days of receipt of a Provider’s invoice, the amount reflected on such invoice, it may withhold payment of such disputed amount (the Company shall pay the undisputed portion (if any) of such invoice as provided in Section 2.4.2). In the event of such a dispute, representatives of the Company and the applicable Provider shall promptly meet and use reasonable efforts to resolve the dispute, and the Company shall pay the agreed amounts owed to the applicable Provider within five (5) days of resolution of any such dispute. In the event that representatives of the Company and the applicable Provider are unable to resolve the dispute, either the Company or the applicable Provider may then submit the dispute to binding arbitration under the auspices of the International Centre for Dispute Resolution (the “ICDR”) in accordance with its International Arbitration Rules by a panel of three arbitrators, one chosen by the Company, one chosen by the applicable Provider and one (who shall be the chairman of the panel) *** Information has been omitted and filed separately with the Securities and Exchange Commission. Confidential Treatment has been requested with respect to the omitted portions. CONFIDENTIAL TREATMENT REQUESTED by Markit Ltd. chosen by the other two arbitrators. Such arbitrators shall not be limited to persons on the rosters maintained by the ICDR but rather may include all persons of demonstrated expertise in international financial services matters.
Invoicing and Settlement. (a) Subject to the specific terms of the SLA, the Implementation Agency shall submit its invoices in accordance with the following principles:
(i) The Nodal Agency shall be invoiced by the Implementation Agency for the Services. Generally and unless otherwise agreed in writing between the Parties or expressly set out in the SLA, the Implementation Agency shall raise an invoice as per Schedule VI of this Agreement; and
(ii) Any invoice presented in accordance with this Article shall be in a form agreed with the Nodal Agency.
(b) The Implementation Agency alone shall invoice all payments after receiving due approval from the competent authority. Such invoices shall be accurate and all adjustments to or changes in the terms of payment as stated in Schedule VI of this Agreement.
(c) The Nodal Agency shall be entitled to delay or withhold payment of any invoice or part of it delivered by the Implementation Agency under Schedule VI of this Agreement where the Nodal Agency disputes/witholds such invoice or part of it provided that such dispute is bona fide. The withheld amount shall be limited to that which is in dispute. The disputed / witheld amount shall be settled in accordance with the escalation procedure as set out in Schedule V of this Agreement. Any exercise by the Nodal Agency under this Clause shall not entitle the Implementation Agency to delay or withhold provision of the Services.
Invoicing and Settlement. (a) Subject to the specific terms of the SLA, the Implementation Agency shall submit its invoices in accordance with the following principles:
(i) GSCSCL shall be invoiced by the Implementation Agency for the Services. Generally and unless otherwise agreed in writing between the Parties or expressly set out in the SLA, the Implementation Agency shall raise an invoice as per Schedule VI of this Agreement; and
(ii) Any invoice presented in accordance with this clause shall be in a form as agreed with GSCSCL.
(b) The Implementation Agency alone shall invoice all payments after receiving due approval of completion of payment milestone from the competent authority. Such invoices shall be accurate and all adjustments to or changes in the terms of payment as stated in Schedule VI of this Agreement. The Implementation Agency shall waive any charge for a Service that is not invoiced within six months after the end of the month in which the charge relating to such Service is (i) applicable or (ii) incurred or
Invoicing and Settlement. In respect of its remuneration for the Project, the SP shall be eligible to receive payments in accordance with the Schedule V of the Agreement read along with the Service Level Agreement.
a) The MCA shall be invoiced by the SP within 7(Seven) days of achieving respective Payment Milestones for the Project. Unless otherwise agreed in writing between the Parties or expressly set out in the Agreement or SLA, the SP shall raise an invoice as per the terms of payment as stated in Schedule V of the Agreement.
b) Any invoice presented in accordance with this Article shall be in a form agreed in advance by the MCA.
c) Invoices shall be accurate and all adjustments to or changes in the terms of payment as stated in the Schedule V of the Agreement shall be applied to the next payment invoice.
d) The MCA shall be entitled to delay or withhold payment of any invoice or part of it delivered by the SP under Schedule V of this Agreement where the MCA disputes/withholds such invoice or part of it. The withheld amount shall be limited to that which is in dispute. The disputed / withheld amount shall be settled in accordance with the escalation procedure as set out in Schedule VII of this Agreement. Any exercise by the MCA under this Article shall not entitle the SP to delay or withhold provision of the Services.
e) The Service Provider shall pay all their sub-contractors in a timely fashion in accordance with a mechanism which will not prejudice the objective under this Agreement or SLA of MCA or any of its users under this Agreement.
Invoicing and Settlement. (a) Unless any Schedule hereto indicates otherwise or the parties agree in writing to a different arrangement following the Closing, each Service Provider shall invoice the applicable Service Recipient on a monthly basis in arrears for the Service Costs (the date of delivery of such invoice, the “Invoice Date”).
(b) Each Service Recipient shall pay each undisputed invoice within 15 days after each Invoice Date by wire transfer of immediately available funds payable to the order of Service Provider to such account(s) designated by Service Provider. Late payments shall be subject to an interest charge equal to the lesser of (i) an annual rate of eighteen percent (18%) or (ii) the highest rate of interest allowable by applicable law.
(c) Effective upon closing under the Merger Agreement, SpinCo will purchase and take title to laptops used by 25 SpinCo employees originally purchased as part of the Television Business, and DG will purchase and take title to computer laptops used by 9 DG employees originally purchased as part of the Online Business, and SpinCo shall pay to DG $15,000 within five (5) business days in settlement of such purchases by each party.
Invoicing and Settlement. I. Subject to the specific terms of the SLA, the System Integrator shall submit its invoices in accordance with the following principles:
A. The ‘EDUCATION DEPARTMENT, HIMACHAL PRADESH’ shall be invoiced by the System Integrator for the Services. Generally and unless otherwise agreed in writing between the Parties or expressly set out in the SLA, the System Integrator shall raise an invoice as per Schedule VI of this Agreement; and
B. Any invoice presented in accordance with this Article shall be in a form agreed with the ‘EDUCATION DEPARTMENT,
