PAYMENT AND AUDIT Sample Clauses
PAYMENT AND AUDIT. PAYMENT, FUNDING AND AUDIT
PAYMENT AND AUDIT. 30 PAYMENT, FUNDING AND AUDIT
PAYMENT AND AUDIT. Company shall bill the School/Government Supplier monthly for all charges or penalties specified in the Company's School/Government Pooling Service Rate Schedule. School/Government Supplier's payment of invoice shall be subject to the terms and conditions specified in the Company's School/Government Pooling Service Rate Schedule. If the School/Government Supplier objects to any portion of an invoice, the School/Government Supplier shall notify Company in writing within ten (10) business days from date of invoice. The School/Government Supplier agrees to pay that portion of the invoice not in dispute in accordance with the payment terms of Company's School/Government Pooling Service Rate Schedule. The Parties shall have the right, each at its own expense, upon reasonable notice and at reasonable times, to examine and audit and to obtain copies of the relevant portion of the books, records, and telephone recordings of the other Party only to the extent reasonably necessary to verify the accuracy of any invoice, monthly statement, charge, payment, or computation made under the Agreement. This right to examine, audit, and to obtain copies shall not be available with respect to proprietary information not directly relevant to transactions under this Agreement. All invoices, monthly statements, and xxxxxxxx shall be conclusively presumed final and accurate and all associated claims for under- or over- payments shall be deemed waived unless such invoices, monthly statements, or xxxxxxxx are objected to in writing with adequate explanation and/or documentation, within two (2) years after the month of gas delivery. All retroactive adjustments under this section shall be paid in full by the Party owing payment within thirty (30) days of a final resolution of a claimed adjustment or as otherwise provided in the Tariff.
PAYMENT AND AUDIT. 7.1 The Company shall advise the Contractor of errors, or variations from the requirements of the Agreement, and of defects in the Work, but it is expressly agreed that any omission on the Company’s part to point out any such errors, variations, or defects or to provide any instructions or explanations will not give the Contractor any right or claim against the Company, and shall not in any way relieve the Contractor from its obligation to provide the Work in accordance with the Agreement.
7.2 Upon receipt of written notice from the Contractor that Work is completed and ready for inspection and acceptance, or as soon thereafter as may be convenient in light of the Emergency, the Company shall inspect the Work and determine if such Work has been fully performed in accordance with the terms and conditions of the Agreement.
7.3 If the Company determines the Work is not complete, its written notice of rejection shall include a list of items that the Contractor shall finish in order for the Work to be complete under the terms and conditions of the Agreement. The Contractor shall promptly provide for the Company’s review and approval a schedule detailing when all defects will be corrected and/or the Work completed. Upon approval by the Company, the Contractor shall remedy such defective and incomplete portions of the Work. The steps in Sections 7.2 and this Section 7.3 shall be repeated until the Company accepts the Work as complete and so notifies the Contractor of its acceptance.
7.4 Upon the Contractor’s satisfactory fulfillment of the requirements related to the Work, the Company will notify the Contractor of its acceptance of the Work (“Acceptance”).
PAYMENT AND AUDIT. Licensee shall pay the Royalty for each quarter to Licensor pursuant to Section 3.2 on a quarterly basis within sixty (60) days after the end of each quarter. Sales made in foreign currency will be determined in the foreign funds for the country in which the Licensed Products are sold, and then converted into equivalent United States dollars at the rate of exchange for selling funds as published by the Wall Street Journal (or its successor publication) for the last business day prior to payment. Upon reasonable notice to Licensee, Licensor shall have the right to have an independent certified public accountant (the “CPA”), selected by Licensor and reasonably acceptable to Licensee, audit Licensee’s records, during normal business hours, to verify the Royalties payable by Licensee to Licensor; provided, however, that such audit shall not take place more frequently than once a year and shall not cover such records for more than the preceding two (2) years. The accountant shall only report to Licensor as to the accuracy of the payments paid by Licensee to Licensor, and in the event of any inaccuracy, the correct amount of such payment. Licensee shall promptly pay to Licensor the amount of any underpayment determined in such audit. Such audit shall be at Licensor’s expense unless the audit identifies greater than ten percent (10%) error, in which case such audit shall be at Licensee’s expense. Licensee shall preserve and maintain all such records and accounts required for audit for a period of two (2) years after the calendar quarter for which the record applies. The CPA and Licensor shall be required to agree to keep all such financial and business information of Licensee being examined confidential and not disclose such information to any third party or use same for any purpose other than as contemplated in this Agreement; and, if so requested by Licensee, shall sign a confidentiality agreement prepared by Licensee for such purpose.
PAYMENT AND AUDIT. Technologies shall make payment to Collagen for each shipment of Product within ten (10) days of receipt by Technologies of payment from Zimmer. If payment is sent by Zimmer to Collagen, then Collagen shall forward the amount net of the purchase price pursuant to Section 3.3 to Technologies within ten (10) days of receipt by Collagen of payment from Zimmer. To the extent the purchase price for Product is based upon Collagen's Direct Costs, upon reasonable notice to Collagen, Technologies shall have the right to have an independent certified public accountant, selected by Technologies and reasonably acceptable to Collagen, audit Collagen's records pertaining to the calculation of Collagen's Direct Costs during normal business hours to verify Collagen's Direct Costs; provided, however, that such audit shall not take place more frequently than once a year and shall not cover such records for more than the preceding two (2) years. The accountant shall only report to Technologies as to the accuracy of Collagen's Direct Costs, and in the event of any inaccuracy, the correct amounts thereof. Collagen shall promptly refund to Technologies the amount of any overpayment, and Technologies shall promptly pay to Collagen the amount of any underpayment determined in such audit. Such audit shall be at Technologies' expense unless such audit indicates greater than five percent (5%) overpayment by Technologies based on invoices submitted by Collagen, in which case such audit shall be at Collagen's expense. Collagen shall preserve and maintain all such records and accounts required for audit for a period of two (2) years after the calendar quarter for which the record applies.
PAYMENT AND AUDIT. 6.1 Buyer shall, unless otherwise agreed, or unless the Buyer has within 20 days after receipt of the invoice in writing disputed the invoiced amount, pay the Sales Price to Flowtec within 30 days after receipt of the invoice.
6.2 Buyer shall have the right to audit all documentation concerning supplies from Flowtec, which will be paid on a reimbursable basis by Buyer. Buyer shall have this right for the duration of the Agreement and for two calendar years following the year in which delivery was effected. Unless otherwise agreed upon, payment shall be made as follows:
PAYMENT AND AUDIT. From time to time, and at such times as Buyers’ Agent shall determine (not more frequently than monthly), Buyers’ Agent shall submit to each Buyer a request and requisition for payment by such Buyer of its proportionate share of expenses under this Agreement. Each Buyer shall pay or cause to be paid the amount of such request and requisition within thirty (30) days after receipt thereof. If a Party fails to pay any such request or requisition when due, interest shall accrue, to the extent permitted by law, at a rate equal to the Interest Rate as defined in the WP Agreement until payment is made. At such reasonable times as shall be requested by a Buyer, the books and cost records of Buyers’ Agent relevant to expenses under this Agreement shall be subject to audit by such Buyer, at such Buyer’s sole cost and expense.
PAYMENT AND AUDIT. A. The OBS will be fully certified with current version of the PCI DSS as documented via a valid Letter of Attestation.
B. The OBS will be Europay, MasterCard and VISA (EMV) compliant.
C. The OBS will be compliant with European Union General Data Protection Regulations (EU-GDPR).
D. The Company will prepare and submit to the Authority an OBS Annual Report on Compliance.
E. The OBS will direct customers to a separate non-authority hosted site where all bankcard payments will be processed through the Company’s hosted servers; and it will redirect customers, post-transaction, back to the Authority website.
F. The OBS will provide online real-time authorization for bankcard payments.
G. For payments, bankcard information will be read and transmitted to the bankcard processor/acquirer (clearinghouse), which is currently Bank of America Payeezy and is subject to change during the Term of this Agreement. The clearinghouse will provide authorization for all bankcard purchase transactions.
H. At the end of each business day, as mutually agreed by the Authority and the clearinghouse, the OBS will automatically provide necessary settlement data files.
I. The OBS will accept multiple domestic credit cards including:
1. American Express.
2. Discover.
3. MasterCard.
PAYMENT AND AUDIT. 6.1 Buyer shall, unless otherwise agreed, or unless the Buyer has within 20 days after receipt of the invoice in writing disputed the invoiced amount, pay the Sales Price to Hitec Products within 45 days after receipt of the invoice.
6.2 Buyer shall have the right to audit all documentation concerning supplies from Hitec Products, which will be paid on a reimbursable basis by Buyer. Buyer shall have this right for the duration of the Agreement and for two calendar years following the year in which delivery was effected.
6.3 Unless otherwise agreed upon, payment shall be made as follows: