Common use of Payment Payment Due Clause in Contracts

Payment Payment Due. We will make payments to You on a quarterly basis after You have provided Your quarterly reports Payment occurs within 28 days after receipt of the Financial Acquittal Reports You must submit the following statements and reports to Us during the Term of the Service Agreement. Statements and reports will be required for the following periods for each year by the following due dates: Financial Acquittal Reports Quarterly From the first day of the month following the end of the quarter. Audited Financial Accountability Form Annual Within six months of the end of Your financial year. Financial Acquittal Reports must report against the budget as outlined in Item 7 or as advised by Us. A Service may have been funded for part of the reporting period, either at the Date of Commencement or the Date of Expiration of the Service Agreement. Where this is the case, the Financial Acquittal Reports should still be submitted for the relevant part of that reporting period.