Payments to Engineer. A. Preparation and Payment of Invoices. Invoices will be prepared in accordance with ENGINEER’s standard invoicing practices. Invoices are due and payable upon receipt. If OWNER fails to make any payment due ENGINEER for services and expenses within 30 days after receipt of ENGINEER’s invoice therefore, the amounts due ENGINEER will be increased at the rate of 1.0% per month (or the maximum rate of interest permitted by law, if less) for said thirtieth day. In addition, ENGINEER may, after giving seven days written notice to OWNER, suspend services under this Agreement until ENGINEER has been paid in full all amounts due for services, expenses, and other related charges. Payments will be credited first to interest and then to principal.
Appears in 3 contracts
Samples: Professional Services (Ozark Ethanol LLC), Standard Form of Agreement Between Owner and Engineer for Professional Services (Tennessee Valley Agri-Energy, LLC), Standard Form of Agreement for Professional Services (Ethanol Grain Processors, LLC)
Payments to Engineer. A. Preparation and Payment of Invoices. Invoices will be prepared in accordance with ENGINEER’s standard invoicing practices. Invoices are due and payable upon receipt. If OWNER fails to make any payment payments due ENGINEER for services and expenses within 30 days after receipt of ENGINEER’s invoice therefore, the amounts due ENGINEER will be increased at the rate of 1.0% per month (or the maximum rate of interest permitted by law, if less) for said thirtieth day. In addition, ENGINEER may, after giving seven days written notice to OWNER, suspend services under this Agreement until ENGINEER has been paid in full all amounts due for services, expenses, and other related charges. Payments Payment will be credited first to interest and then to principal.
Appears in 1 contract
Samples: Standard Form of Agreement for Professional Services (Golden Grain Energy)
Payments to Engineer. A. Preparation and Payment of Invoices. Invoices will be prepared in accordance with ENGINEER’s 's standard invoicing practices. Invoices are due and payable upon receipt. If OWNER fails to make any payment due ENGINEER for services and expenses within 30 days after receipt of ENGINEER’s 's invoice therefore, the amounts due ENGINEER will be increased at the rate of 1.0% per month (or the maximum rate of interest permitted by law, if less) for said thirtieth day. In addition, ENGINEER may, after giving seven days written notice to OWNER, suspend services under this Agreement until ENGINEER has been paid in full all amounts due for services, expenses, and other related charges. Payments will be credited first to interest and then to principal.
Appears in 1 contract
Samples: Standard Form of Agreement for Professional Services (Siouxland Ethanol, LLC)
Payments to Engineer. A. Preparation and Payment of Invoices. Invoices will be prepared in accordance with ENGINEER’s standard invoicing practices. Invoices are arc due and payable upon receipt. If OWNER fails to make any payment due ENGINEER for services and expenses within 30 days after receipt of ENGINEER’s invoice therefore, the amounts due ENGINEER will be increased at the rate of 1.0% per month (or the maximum rate of interest permitted by law, if less) for said thirtieth day. In addition, ENGINEER may, after giving seven days written notice to OWNER, suspend services under this Agreement until ENGINEER has been paid in full all amounts due for services, expenses, and other related charges. Payments will be credited first to interest and then to principal.
Appears in 1 contract
Samples: Standard Form of Agreement Between Owner and Engineer for Professional Services (E Energy Adams LLC)
