Common use of Payment Reconciliation Clause in Contracts

Payment Reconciliation. Within thirty (30) days after the close-out of a Work Order, Manufacturer will provide to Customer a written itemized statement of all work performed by it in connection with the terminated Work Order, an itemized breakdown of the costs associated with that work, and a final invoice for that Work Order. If Customer has pre-paid to Manufacturer more than the amount in a final invoice then Manufacturer agrees to promptly refund that money to Customer, or to credit the excess payment toward another existing or future Work Order, at the election of Customer.

Payment Reconciliation. Within thirty (30) days after the close-out of a Work Order, Manufacturer will provide to Customer RADIUS a written itemized statement of all work performed by it in connection with the terminated Work Order, an itemized breakdown of the costs associated with that work, and a final invoice for that Work Order. If Customer RADIUS has pre-paid to Manufacturer more than the amount in a final invoice then Manufacturer agrees to promptly refund that money to CustomerRADIUS, or to credit the excess payment toward another existing or future Work Order, at the election of CustomerRADIUS.