Common use of PAYMENT CLAUSES Clause in Contracts

PAYMENT CLAUSES. 7.1 In accordance with Texas Government Code Chapter 2251, TWU’s payment terms are thirty (30) days for undisputed invoices unless agreed upon in writing by the TWU Chief Procurement Officer prior to issuance of the purchase order. TWU may provide more favorable payment terms for electronic payment options as agreed upon in writing by the parties. 7.2 The late payment rate established annually by the State of Texas shall be applicable after thirty (30) days. 7.3 Invoices must reference the purchase order number or they will be returned to the Contractor unpaid. 7.4 Final invoices must be submitted within sixty (60) days after completion of the services or delivery of the goods. 7.5 As an agency of the State of Texas, TWU qualifies for exemption from state and local sales and use taxes pursuant to the provisions of the Texas Limited Sales, Excise, and Use Tax Act. Contractor may claim exemption from payment of applicable state taxes by complying with such procedures as may be prescribed by the State Comptroller of Public Accounts. 7.6 Invoices must be addressed and mailed to Texas Woman's University Procurement and Contract Services, PO Box 425439, Denton, Texas 76204-5439 or emailed to: XXXXxxxxxxx@xxx.xxx. Failure to do so will delay payment. 7.7 If Contractor is a taxable entity as defined by Chapter 171, Texas Tax Code, Contractor certifies that it is not currently delinquent in the payment of any taxes due, that Contractor is exempt from the payment of those taxes, or that Contractor is an out-of-state taxable entity that is not subject to those taxes, whichever is applicable.

PAYMENT CLAUSES. 7.1 In accordance with Texas Government Code Chapter 2251, TWU’s payment terms are thirty (30) days for undisputed invoices unless agreed upon in writing by the TWU Chief Assistant Vice President of Procurement Officer Services and contracts prior to issuance of the purchase order. TWU may provide more favorable payment terms for electronic payment options as agreed upon in writing by the parties. 7.2 The late payment rate established annually by the State of Texas shall be applicable after thirty (30) days. 7.3 Invoices must reference the purchase order number or they will be returned to the Contractor unpaid. 7.4 Final invoices must be submitted within sixty (60) days after completion of the services or delivery of the goods. 7.5 As an agency of the State of Texas, TWU qualifies for exemption from state and local sales and use taxes pursuant to the provisions of the Texas Limited Sales, Excise, and Use Tax Act. Contractor may claim exemption from payment of applicable state taxes by complying with such procedures as may be prescribed by the State Comptroller of Public Accounts. 7.6 Invoices must be addressed and mailed to Texas Woman's University Procurement and Contract Services, PO Box 425439, Denton, Texas 76204-5439 or emailed to: XXXXxxxxxxx@xxx.xxx. Failure to do so will delay payment. 7.7 If Contractor is a taxable entity as defined by Chapter 171, Texas Tax Code, Contractor certifies that it is not currently delinquent in the payment of any taxes due, that Contractor is exempt from the payment of those taxes, or that Contractor is an out-of-state taxable entity that is not subject to those taxes, whichever is applicable.

PAYMENT CLAUSES. 7.1 In accordance with Texas Government Code Chapter 2251, TWU’s payment terms are thirty (30) days for undisputed invoices unless agreed upon in writing by the TWU Chief Procurement Officer prior to issuance of the purchase order. TWU may provide more favorable payment terms for electronic payment options as agreed upon in writing by the parties. 7.2 The late payment rate established annually by the State of Texas shall be applicable after thirty (30) days. 7.3 Invoices must reference the purchase order number or they will be returned to the Contractor unpaid. 7.4 Final invoices must be submitted within sixty (60) days after completion of the services or delivery of the goods. 7.5 As an agency of the State of Texas, TWU qualifies for exemption from state and local sales and use taxes pursuant to the provisions of the Texas Limited Sales, Excise, and Use Tax Act. Contractor may claim exemption from payment of applicable state taxes by complying with such procedures as may be prescribed by the State Comptroller of Public Accounts. 7.6 Invoices must be addressed and mailed to Texas Woman's University Procurement and Contract Services, PO Box 425439, Denton, Texas 76204-5439 or emailed to: XXXXxxxxxxx@xxx.xxx. Failure to do so will delay paymentdelaypayment. 7.7 If Contractor is a taxable entity as defined by Chapter 171, Texas Tax Code, Contractor certifies that it is not currently delinquent in the payment of any taxes due, that Contractor is exempt from the payment of those taxes, or that Contractor is an out-of-state taxable entity that is not subject to those taxes, whichever is applicable.