Common use of Monthly Payment Submission Clause in Contracts

Monthly Payment Submission. The Contractor shall remit the total monthly payment broken down into two (2) submittals: one (1) submittal shall be comprised of the total monthly commission due to the Department for recouping of the Department’s operating costs (amount to be determined by Department within twenty (20) days of execution of contract) and a second submittal consisting of the remaining amount of the monthly commission due to the Department. Payment of the monthly amount shall be tendered to the Department by Electronic Funds Transfer (EFT) to a specified Department account within thirty (30) days after the final day of the Contractor’s regular monthly billing cycle.

Appears in 4 contracts

Samples: Contract Amendment, Contract Amendment, Contract for Inmate Telephone Services

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