Common use of PAYMENT OF RATES AND CHARGES, DEPOSITS Clause in Contracts

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. 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 1.8.2.11.8. 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. 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 xxxx is received 10 or more days after the bill xxxx 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 Chase 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 1.8.2.11.8. 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