Common use of Payment to Supplier Clause in Contracts

Payment to Supplier. th Company shall pay Supplier on a net basis by the 25 day of the month following the customer billing for all amounts billed on Supplier’s behalf by Company, subject to the offset or recoupment of any amounts owed to Company, as specified in Section VII of the Company’s tariff, as may be amended from time to time. Supplier’s transportation quantities shall be determined from a Company-provided monthly billing report. The monthly billing report reflects customers’ actual billed transport volumes as reported to Supplier, as generated by Company’s revenue reporting system. If a customer switches directly from one Supplier to another in succeeding billing cycles, then the succeeding Supplier will be charged a switching fee, as provided in Section VII of the Company’s tariff, as may be amended from time to time. All switching fees shall be summarized on Supplier’s aggregation invoice. Such payment to Supplier by Company shall occur regardless of payment or non-payment by the customer.