Common use of Overpayments Clause in Contracts

Overpayments. Contractor promptly shall refund to Purchaser the full amount of any erroneous payment or overpayment. Such refunds shall occur within thirty (30) calendar days of written notice to Contractor; Provided, however, that Purchaser shall have the right to elect to have either direct payments or written credit memos issued. If Contractor fails to make timely refunds of overpayment(s) (either directly or by credit memo), Contractor shall pay Purchaser interest at the rate of one percent (1%) per month on the amount overdue thirty (30) calendar days after notice to Contractor.

Appears in 192 contracts

Samples: Master Contract, Janitorial Services Contract, Master Contract

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Overpayments. Contractor promptly shall refund to Purchaser the full amount of any erroneous payment or overpayment. Such refunds shall occur within thirty (30) calendar days of written notice to Contractor; Provided, however, that Purchaser shall have the right to elect to have either direct payments or written credit memos issued. If Contractor fails to make timely refunds payment(s) or issuance of overpayment(s) (either directly or by such credit memo)memos, Contractor shall pay Purchaser interest at the rate of may impose a one percent (1%) per month on the amount overdue thirty (30) calendar days after notice to the Contractor.

Appears in 101 contracts

Samples: Cooperative Purchasing Master Contract, Master Contract, Master Contract

Overpayments. Contractor promptly shall refund to Purchaser Purchasing Entity the full amount of any erroneous payment or overpayment. Such refunds shall occur within thirty (30) calendar days of written notice to Contractor; Provided, however, that Purchaser Purchasing Entity shall have the right to elect to have either direct payments or written credit memos issued. If Contractor fails to make timely refunds payment(s) or issuance of overpayment(s) (either directly or by such credit memo)memos, Contractor shall pay Purchaser interest at the rate of Purchasing Entity may impose a one percent (1%) per month on the amount overdue thirty (30) calendar days after notice to the Contractor.

Appears in 8 contracts

Samples: Cooperative Purchasing Master Agreement, Cooperative Purchasing Master Agreement, Cooperative Purchasing Master Agreement

Overpayments. Contractor promptly shall refund to Purchaser the full amount of any erroneous payment or overpayment. Such refunds shall occur within thirty (30) calendar days of written notice to Contractor; Provided, however, that Purchaser shall have the right to elect to have either direct payments or written credit memos issued. If Contractor fails to make timely refunds payment(s) or issuance of overpayment(s) (either directly or by such credit memo)memos, Contractor shall pay Purchaser interest at the rate of one may impose a 1 percent (1%1 percent) per month on the amount overdue thirty (30) calendar 30 days after notice to the Contractor.

Appears in 6 contracts

Samples: Master Contract, Master Contract, Master Contract

Overpayments. Contractor promptly shall refund to Purchaser the full amount of any erroneous payment or overpayment. Such refunds shall occur within thirty (30) calendar days of written notice to Contractor; Providedprovided, however, that Purchaser shall have the right to elect to have either direct payments or written credit memos issued. If Contractor fails to make timely refunds payment(s) or issuance of overpayment(s) (either directly or by such credit memo)memos, Contractor shall pay Purchaser interest at the rate of may impose a one percent (1%) per month on the amount overdue thirty (30) calendar days after notice to the Contractor.

Appears in 6 contracts

Samples: Master Contract, Master Contract, Master Contract

Overpayments. Contractor promptly shall refund to Purchaser the full amount of any erroneous payment or overpayment. Such refunds shall occur within thirty (30) calendar days of written notice to Contractor; Provided, however, that Purchaser shall have the right to elect to have either direct payments or written credit memos issued. If Contractor fails to make timely refunds payment(s) or issuance of overpayment(s) (either directly or by such credit memo)memos, Contractor shall pay Purchaser interest at the rate of may impose one percent (1%) per month on the amount overdue thirty (30) calendar days after notice to the Contractor.

Appears in 5 contracts

Samples: Master Contract, Master Contract, Master Contract

Overpayments. Contractor promptly shall refund to Purchaser Purchasing Entity the full amount of any erroneous payment or overpayment. Such refunds shall occur within thirty (30) calendar days of written notice to Contractor; Provided, however, that Purchaser Purchasing Entity shall have the right to elect to have either direct payments or written credit memos issued. If Contractor fails to make timely refunds payment(s) or issuance of overpayment(s) (either directly such credit memos, Participating or by credit memo), Contractor shall pay Purchaser interest at the rate of Purchasing Entity may impose a one percent (1%) per month on the amount overdue thirty (30) calendar days after notice to the Contractor.

Appears in 3 contracts

Samples: Cooperative Purchasing Agreement, Cooperative Purchasing Master Agreement, Cooperative Purchasing Master Agreement

Overpayments. Contractor promptly shall refund to Purchaser the full amount of any erroneous payment or overpayment. Such refunds shall occur within thirty (30) calendar days of written notice to Contractor; Provided, however, that Purchaser shall have the right to elect to have either direct payments or written credit memos issued. If Contractor fails to make timely refunds payment(s) or issuance of overpayment(s) (either directly or by such credit memo)memos, Contractor shall pay Purchaser interest at the rate of may impose one percent (1%) per month on the amount overdue thirty (30) calendar days after notice to the Contractor.

Appears in 2 contracts

Samples: Master Contract, Master Contract

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Overpayments. Contractor promptly shall refund to Purchaser the full amount of any erroneous payment or overpayment. Such refunds shall occur promptly upon discovery by Contractor or within thirty (30) calendar days of written notice to Contractor; Provided, however, that so long as Purchaser is not in monetary default at such time, Purchaser shall have the right to elect to have either direct payments or written credit memos issued. If Contractor fails to make timely refunds payment(s) or issuance of overpayment(s) (either directly or by such credit memo)memos, Contractor shall pay Purchaser interest at the rate of may impose a one percent (1%) per month on the amount overdue thirty (30) calendar days after notice to the Contractor.

Appears in 2 contracts

Samples: Cooperative Purchasing Master Agreement, Cooperative Purchasing Master Agreement

Overpayments. Contractor promptly shall refund to Purchaser the full amount of any erroneous payment or overpayment. Such refunds shall occur within thirty (30) calendar days of written notice to Contractor; Provided, however, that Purchaser shall have the right to elect to have either direct payments or written credit memos issued. If Contractor fails to make timely refunds of overpayment(s) (either directly or by credit memo), Contractor shall pay Purchaser interest at the rate of one percent (1%) per month on the amount overdue thirty (30) calendar days after notice to Contractor.

Appears in 2 contracts

Samples: Master Contract, Master Contract

Overpayments. Contractor promptly shall refund to Purchaser the full amount of any erroneous payment or overpayment. Such refunds shall occur within thirty (30) calendar days of written notice to Contractor; Providedprovided, however, that Purchaser shall have the right to elect to have either direct payments or written credit memos issued. If Contractor fails to make timely refunds of overpayment(spayment(s) (either directly or by credit memomemos), Contractor shall pay Purchaser interest at the rate of a one percent (1%) per month on the amount overdue thirty (30) calendar days after notice to the Contractor.

Appears in 1 contract

Samples: Master Contract

Overpayments. Contractor promptly shall refund to Purchaser Purchasing Entity the full amount of any erroneous payment or overpayment. Such refunds shall occur promptly upon discovery by Contractor or within thirty (30) calendar days of written notice to Contractor; Provided, however, that Purchaser Purchasing Entity shall have the right to elect to have either direct payments or written credit memos issued. If Contractor fails to make timely refunds payment(s) or issuance of overpayment(s) (either directly or by such credit memo)memos, Contractor shall pay Purchaser interest at the rate of Purchasing Entity may impose a one percent (1%) per month on the amount overdue thirty (30) calendar days after notice to the Contractor.

Appears in 1 contract

Samples: Cooperative Purchasing Master Agreement

Overpayments. Contractor promptly shall refund to Purchaser the full amount of any erroneous payment or overpayment. Such refunds shall occur within thirty (30) calendar days of written notice to Contractor; Provided, however, that Purchaser shall have the right to elect MASTER CONTRACT NO. 05916 10 to have either direct payments or written credit memos issued. If Contractor fails to make timely refunds payment(s) or issuance of overpayment(s) (either directly or by such credit memo)memos, Contractor shall pay Purchaser interest at the rate of may impose a one percent (1%) per month on on-the amount overdue thirty (30) calendar days after notice to the Contractor.

Appears in 1 contract

Samples: Master Contract

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