Common use of Manner and Timing of Payments Clause in Contracts

Manner and Timing of Payments. All payments shall be made, without set-off, within thirty (30) days after receipt of an invoice therefor. Hxxxxx shall send invoices on a monthly basis for payments to be made under this Agreement. Such invoices shall specify in reasonable detail the costs and expenses to be reimbursed by the Company, and Hxxxxx shall provide such supporting detail as the Company may from time to time reasonably request. All payments made by the Company under this Agreement shall be by wire transfer of the payment amount to Hxxxxx’ account identified in Exhibit A attached hereto or other account notified in writing by Hxxxxx to the Company, or if requested in writing by Hxxxxx, by check. All such payments shall be effective upon receipt. If payment on any invoice is not received as specified herein on the applicable date, such amount shall be subject to a late payment charge calculated at one percent (1%) per month from the due date until payment is made. If the Company disputes in good faith any portion of the amount due on any invoice, then the Company shall notify Hxxxxx in writing of the nature and basis of the dispute within 10 Business Days after the Company’s receipt of such invoice. If no notification is provided to Hxxxxx in accordance with the immediately preceding sentence, the invoiced amount shall be deemed to be accurate and correct and shall not be subject to dispute or contest by the Company or any Affiliate thereof. In the event notification is so provided to Hxxxxx, the parties shall use their reasonable best efforts to resolve the dispute prior to the payment due date.

Manner and Timing of Payments. All undisputed payments shall be made, without set-off, within thirty (30) days after receipt of an invoice therefor. Hxxxxx Xxxxxx shall send invoices on a monthly basis for payments to be made under this Agreement. Such invoices shall specify in reasonable detail the costs and expenses to be reimbursed by the Company, and Hxxxxx Xxxxxx shall provide such supporting detail as the Company may from time to time reasonably request. All payments made by the Company under this Agreement shall be by wire transfer of the payment amount to HxxxxxXxxxxx’ account identified in Exhibit A attached hereto or other account notified in writing by Hxxxxx Xxxxxx to the Company, or if requested in writing by HxxxxxXxxxxx, by check. All such payments shall be effective upon receipt. If payment on any undisputed invoice is not received as specified herein on the applicable date, such amount shall be subject to a late payment charge calculated at one and a half percent (11.5%) per month from the due date until payment is made. If the Company disputes in good faith any portion of the amount due on any invoice, then the Company shall notify Hxxxxx Xxxxxx in writing of the nature and basis of the dispute within 10 Business Days after the Company’s receipt of such invoice. If no notification is provided to Hxxxxx Xxxxxx in accordance with the immediately preceding sentence, the invoiced amount shall be deemed to be accurate and correct and shall not be subject to dispute or contest by the Company or any Affiliate thereof. In the event notification is so provided to HxxxxxXxxxxx, the parties shall use their commercially reasonable best efforts to resolve the dispute prior to the payment due datein a timely manner.