Common use of Payments of the Invoice Clause in Contracts

Payments of the Invoice. On the Weekly Settlement Date or Monthly Settlement Date, as applicable, Buyer will pay to Seller, or Seller will pay to the Buyer, as the case may be, the total amount due in the applicable Invoice. All payments shall be made by “Electronic Funds Transfer” (EFT) via “Automated Clearing House” (ACH), unless otherwise agreed to by the Parties, to a bank designated in writing by such Party, by 12:00 p.m. EPT on the Weekly Settlement Date or Monthly Settlement Date, as applicable. Payment of Invoices shall not relieve the paying Party from any other responsibilities or obligations it has under this Agreement (other than the obligation to make such payment), nor shall such payment constitute a waiver of any claims arising hereunder.

Payments of the Invoice. On the Weekly Settlement Date or Monthly Settlement Date, as applicable, Buyer will pay to Seller, or Seller will pay to the Buyer, as the case may be, the total amount due in the applicable Invoice, subject to Section 7.5 (Netting of Payments). All payments shall be made by “Electronic Funds Transfer” (EFT) via “Automated Clearing House” (ACH), unless otherwise agreed to by the Parties, to a bank designated in writing by such Party, by 12:00 p.m. EPT on the Weekly Settlement Date or Monthly Settlement Date, as applicableunless otherwise agreed to by the Parties. Payment of Invoices shall not relieve the paying Party from any other responsibilities or obligations it has under this Agreement (other than the obligation to make such payment), nor shall such payment constitute a waiver of any claims arising hereunder.