Common use of Payment of Rates and Charges Clause in Contracts

Payment of Rates and Charges. Unless otherwise provided elsewhere in this Agreement, Municipality shall pay all rates and charges, as specified in the Agreement, within forty-five (45) days from the dates of billing thereof. If Municipality disputes any amount invoiced by Owner, Municipality shall make payment of the invoice in full and shall notify Owner in writing of the disputed amount. Municipality may dispute any amount within ninety (90) days after the date that payment has been made. Municipality shall include any documentation supporting its position in such written notification. The Parties shall work together to resolve the dispute in an expeditious manner. In the event the dispute is resolved in the favor of a Party then the other Party shall include interest on any amounts past due calculated at the rate set forth above in Article VIII, Rates and Charges.

Payment of Rates and Charges. Unless otherwise provided elsewhere in this Agreement, Municipality shall pay all rates and charges, as specified in the Agreement, within forty-five (45) days from the dates of billing thereof. If Municipality disputes any amount invoiced by Owner, Municipality shall make payment of the invoice in full and shall notify a Owner in writing of the disputed amount. Municipality may dispute any amount within ninety (90) days after the date that payment has been made. Municipality shall include any documentation supporting its position in such written notification. The Parties shall work together to resolve the dispute in an expeditious manner. In the event the dispute is resolved in the favor of a Party the Municipality, or Owner, then the other Party shall include interest on any amounts past due calculated at the rate set forth above in Article VIII, Rates and Charges.