PAYMENT OF RATES AND CHARGES, DEPOSITS. 8.1 Except as otherwise specifically provided elsewhere in this Agreement, the Parties will pay all rates and charges due and owing under this Agreement on or before the next bill date. For purposes of this Agreement, the “Bill Due Date” shall be defined to mean on or before the next bill date. If CLEC fails to remit payment for any charges by the Bill Due Date, or if payment for any portion of the charges is received from CLEC after the Bill Due Date, or if payment for any portion of the charges is received in funds which are not immediately available to AT&T as of the Bill Due Date (individually and collectively, “Past Due”), then a late payment charge will be assessed as provided in Sections 8.2. and 8.3., as applicable.
8.1.1 If the payment due date is a Sunday or is a Monday that has been designated a bank holiday by the XX Xxxxxx Xxxxx Bank (or such other bank as the Parties agree), payment will be made the next business day. If the payment due date is a Saturday or is on a Tuesday, Wednesday, Thursday or Friday that has been designated a bank holiday by the XX Xxxxxx Xxxxx Bank (or such other bank as the Parties agree), payment will be made on the preceding business day. Page 21 of 316 AT&T ILLINOIS/.NEW TALK, INC. 8.2 If either Party fails to remit payment for any charges for services by the applicable due date, or if a payment or any portion of a payment is received by the billing Party from the paying Party after the applicable due date, or if a payment or any portion of a payment is received in funds which are not immediately available to the billing Party as of the due date (individually and collectively, “Past Due”), then a late payment charge/interest* shall be assessed as follows in Sections 8.2.1 and 8.2.2, as applicable. No other late payment fee or charge applies to overdue amounts. *For purposes of billing under this Agreement, the terms “interest” and “late payment charge” shall have the same meaning, as set forth in 8.2.1 and 8.2.2 below; provided, however, that neither party will assess a flat fee penalty charge. The parties shall only charge interest as set forth in Sections 8.2.1 and 8.2.2.
8.2.1 If any charge incurred under this Agreement that is billed out of a billing system other than the AT&T Customer Records Information System (XXXX) is past due, the unpaid amounts will accrue interest from the day following the Bill Due Date, until paid at the lesser of (i) the rate used to compute the Late Payment Charge in the applicable AT...
PAYMENT OF RATES AND CHARGES, DEPOSITS. 1.8.1 Except as otherwise specifically provided elsewhere in this Agreement, including but not limited to Section 1.8.5, the Parties will pay all rates and charges due and owing under this Agreement within thirty (30) days of the date of the invoice or within twenty (20) days of receipt of an invoice, whichever is later; provided, the paying Party shall advise the billing Party via fax or e-mail in the event the bill is received 10 or more days after the bill date. For the purposes of this Section 1.8.1, each Parties’ respective billing contact information shall be as designated in Section 1.11 of this Article.
1.8.1.1 If the payment due date is a Sunday or is a Monday that has been designated a bank holiday by the XX Xxxxxx Xxxxx Bank (or such other bank as the Parties agree), payment will be made the next business day. If the payment due date is a Saturday or is on a Tuesday, Wednesday, Thursday or Friday that has been designated a bank holiday by the XX Xxxxxx Xxxxx Bank (or such other bank as the Parties agree), payment will be made on the preceding business day.
1.8.2 If either Party fails to remit payment for any charges for services by the applicable due date, or if a payment or any portion of a payment is received by the billing Party from the paying Party after the applicable due date, or if a payment or any portion of a payment is received in funds which are not immediately available to the billing Party as of the due date (individually and collectively, “Past Due”), then interest shall be assessed as follows in Section 1.8.2.1. No other late payment fee or charge applies to overdue amounts.
1.8.2.1 If any charge incurred under this Agreement is past due (including prior months’ unpaid interest charges), such unpaid amounts shall bear interest from the applicable due date until paid. The interest rate applied to Past Due unpaid amounts billed out of any billing system shall be the lesser of (i) and one and one-half percent (1 ½ %) per month or
PAYMENT OF RATES AND CHARGES, DEPOSITS. 8.1 Except as otherwise specifically provided elsewhere in this Agreement, the Parties will pay all rates and charges due and owing under this Agreement within forty-five (45) days from the date of the invoice. For purposes of this Agreement, the “Bill Due Date” shall be defined to mean forty-five (45) calendar days from the date of the invoice. If CLEC fails to remit payment for any charges by the Bill Due Date, or if payment for any portion of the charges is received from CLEC after the Bill Due Date, or if payment for any portion of the charges is received in funds which are not immediately available to SBC-Texas as of the Bill Due Date (individually and collectively, “Past Due”), then a late payment charge will be assessed as provided in Sections 8.2. and 8.3., as applicable.
8.1.1 If the payment due date is a Sunday or is a Monday that has been designated a bank holiday by the XX Xxxxxx Xxxxx Bank (or such other bank as the Parties agree), payment will be made the next business day. If the payment due date is a Saturday or is on a Tuesday, Wednesday, Thursday or Friday that has been designated a bank holiday by the XX Xxxxxx Xxxxx Bank (or such other bank as the Parties agree), payment will be made on the preceding business day.
