Common use of Price and Payments Clause in Contracts

Price and Payments. (a) In making payments hereunder, Owner shall be entitled to conclusively presume that payment information furnished by Supplier, such as name, account number(s) and name of payee is accurate. In no event shall Owner make a second payment where the first payment is made in accordance with such Supplier furnished information. All payments shall be in U.S. currency in immediately available funds. All correct, undisputed invoices for Work accepted by Owner shall be payable 60 days after the receipt of such invoice (or on the next succeeding business day if such 60th day is a weekend or holiday). The Price for Work shall be as set forth on the face of a Purchase Order. (b) Supplier shall submit all invoices with sufficient detail, including timesheets, expense reports, receipts, drawing submittal receipts, test reports as required, and in accordance with Purchase Order provisions, to Owner to the address indicated on Purchase Order. All invoices must contain the Purchase Order number and respective line item number (if applicable), in order to be paid. Payment of an invoice does not constitute acceptance by Owner and is without prejudice to any and all Claims Owner may have against Supplier. 5.0 INSPECTION, EXPEDITING, SHIPMENT, DELIVERY, ACCEPTANCE OR REJECTION (a) Shipments shall be DDP. Owner’s designated location, unless stated otherwise on the front of the Purchase Order. Supplier shall immediately notify Owner once it expects a delivery to be late. Owner may accept or reject any or all Work within a reasonable time after receipt. Acceptance of the Work shall in no way be a waiver of or impair Owner’s right to reject or revoke its acceptance of nonconforming Work, or to avail itself of any other remedies to which Owner may be entitled, notwithstanding Owner’s knowledge of the nonconformity, its substantiality or ease of discovery. Owner shall have the right of access to Supplier’s, and Supplier’s major sub- Suppliers’, plant(s) for inspection and expediting purposes. Supplier shall supply schedules and progress reports to Owner for use in expediting. (b) Unless Owner directs otherwise in writing, Supplier shall receive, unload, store in a secure place, and deliver from storage to the work area all materials and plant equipment required for the performance of the Work. The storage facilities and methods of storing are subject to Owner’s review and shall meet Owner’s requirements. Materials and equipment subject to degradation by outside exposure shall be stored in weather-tight enclosures provided by Supplier.

Price and Payments. The price of this service (athe “Agreement Price”) In making payments hereunder, Owner shall be entitled to conclusively presume that payment information furnished by Supplier$ $480.00 per month, such as name, account number(s) and name of payee is accurate. In no event shall Owner make a second payment where payable in advance on the first payment is made day of the month. Star may, at its option during the term of this Agreement periodically adjust the Agreement Price with a price adjustment. Customer will be notified in accordance with such Supplier furnished informationwriting of a planned price adjustment at least thirty (30) days prior to its effective date. All payments shall be in U.S. currency in immediately available funds. All correct, undisputed invoices for Work accepted by Owner shall be payable 60 Within thirty (30) days after the of receipt of such invoice notification, Customer may by written notice delivered to Star elect to cancel this Agreement effective as of the effective date of the planned increase in price. Upon receipt of Customer’s cancellation notice, Star shall have ten (or on 10) days to rescind the next succeeding business day if planned price adjustment by sending written notice to Customer of its intention to do so in which case the notice to increase the price shall be deemed revoked and Customer’s notice of election to terminate shall be void and of no effect. In the event of a breach of this Agreement, including a breach due to non-payment of sums due, Star may, at its option, declare this Agreement terminated, in which event all sums then due shall be immediately paid and, further, a sum equal to the monthly Agreement Price set forth herein times the number of months remaining in the term of the Agreement, shall become due under this Agreement as liquidated damages. The parties agree that such 60th day sum is a weekend or holiday)reasonable approximation of damages to be sustained by Star in the event of such default. The Price for Work In addition to the Agreement Price, Customer shall be as set forth on the face of a Purchase Order. (b) Supplier responsible for and shall submit all invoices with sufficient detailpay when due, including timesheetsany sales, expense reportsuse, receipts, drawing submittal receipts, test reports as required, and in accordance with Purchase Order provisions, to Owner excise or other taxes which may now or hereafter be applicable to the address indicated on Purchase Orderservices performed under this Agreement. All invoices must contain the Purchase Order number and respective line item number THE TERMS AND CONDITIONS PRINTED ON THE REVERSE HEREOF FORM AN INTEGRAL PART OF THIS AGREEMENT AND ALL OF SUCH TERMS AND CONDITIONS ARE PART OF THIS AGREEMENT AND ARE INCORPORATED HEREIN BY REFERENCE. This Agreement is not valid unless accepted by an Officer of Star Elevator, Inc. Accepted for Customer Submitted for Star Elevator, Inc. By Title Date By Accepted for Star Elevator, Inc. By Title Date [Rev. 8/1/2007] 0000 Xxxxxxxxxx Xx., Xxx. 0, Xxx Xxxxxx, XX 00000 l (if applicable), in order to be paid000) 000-0000 FAX: (000) 000-0000 l Email: xxxx@xxxxxxxxxxxx.xxx l Lic. Payment of an invoice does not constitute acceptance by Owner and is without prejudice to any and all Claims Owner may have against SupplierNo. 5.0 INSPECTION, EXPEDITING, SHIPMENT, DELIVERY, ACCEPTANCE OR REJECTION (a) Shipments shall be DDP432744 l CQCC No. Owner’s designated location, unless stated otherwise on the front of the Purchase Order. Supplier shall immediately notify Owner once it expects a delivery to be late. Owner may accept or reject any or all Work within a reasonable time after receipt. Acceptance of the Work shall in no way be a waiver of or impair Owner’s right to reject or revoke its acceptance of nonconforming Work, or to avail itself of any other remedies to which Owner may be entitled, notwithstanding Owner’s knowledge of the nonconformity, its substantiality or ease of discovery. Owner shall have the right of access to Supplier’s, and Supplier’s major sub- Suppliers’, plant(s) for inspection and expediting purposes. Supplier shall supply schedules and progress reports to Owner for use in expediting. (b) Unless Owner directs otherwise in writing, Supplier shall receive, unload, store in a secure place, and deliver from storage to the work area all materials and plant equipment required for the performance of the Work. The storage facilities and methods of storing are subject to Owner’s review and shall meet Owner’s requirements. Materials and equipment subject to degradation by outside exposure shall be stored in weatherCC-03-tight enclosures provided by Supplier.012746

Price and Payments. (a) In making payments hereunder, Owner shall be entitled to conclusively presume that payment information furnished by Supplier, such as name, account number(s) and name of payee is accurate. In no event shall Owner make a second payment where the first payment is made in accordance with such Supplier furnished information. All payments shall be in U.S. currency in immediately available funds. All correct, undisputed invoices for Work accepted by Owner shall be payable 60 days after the receipt of such invoice (or on the next succeeding business day if such 60th day is a weekend or holiday). The Price for Work shall be as set forth on the face of a Purchase Order.Owner (b) Supplier shall submit all invoices with sufficient detail, including timesheets, expense reports, receipts, drawing submittal receipts, test reports as required, and in accordance with Purchase Order provisions, to Owner to the address indicated on Purchase Order. All invoices must contain the Purchase Order number and respective line item number (if applicable), in order to be paid. Payment of an invoice does not constitute acceptance by Owner and is without prejudice to any and all Claims Owner may have against Supplier. 5.0 INSPECTION, EXPEDITING, SHIPMENT, DELIVERY, ACCEPTANCE OR REJECTION (a) Shipments shall be DDP. F.O.B. Owner’s designated location, collect, unless stated otherwise on the front of the Purchase Order. Supplier shall immediately notify Owner once it expects a delivery to be late. Owner may accept or reject any or all Work within a reasonable time after receipt. Acceptance of the Work shall in no way be a waiver of or impair Owner’s right to reject or revoke its acceptance of nonconforming Work, or to avail itself of any other remedies to which Owner may be entitled, notwithstanding Owner’s knowledge of the nonconformity, its substantiality or ease of discovery. Owner shall have the right of access to Supplier’s, and Supplier’s major sub- Suppliers’, plant(s) for inspection and expediting purposes. Supplier shall supply schedules and progress reports to Owner for use in expediting. (b) Unless Owner directs otherwise in writing, Supplier shall receive, unload, store in a secure place, and deliver from storage to the work area all materials and plant equipment required for the performance of the Work. The storage facilities and methods of storing are subject to Owner’s review and shall meet Owner’s requirements. Materials and equipment subject to degradation by outside exposure shall be stored in weather-tight enclosures provided by Supplier.

Price and Payments. (a) In making payments hereunder, Owner shall be entitled to conclusively presume that payment information furnished by Supplier, such as name, account number(s) and name of payee is accurate. In no event shall Owner make a second payment where the first payment is made in accordance with such Supplier furnished information. All payments shall be in U.S. currency in immediately available funds. All correct, undisputed invoices for Work accepted by Owner shall be payable 60 days after the receipt of such invoice (or on the next succeeding business day if such 60th day is a weekend or holiday). The Price for Work shall be as set forth on the face of a Purchase Order.a (b) Supplier shall submit all invoices with sufficient detail, including timesheets, expense reports, receipts, drawing submittal receipts, test reports as required, and in accordance with Purchase Order provisions, to Owner to the address indicated on Purchase Order. All invoices must contain the Purchase Order number and respective line item number (if applicable), in order to be paid. Payment of an invoice does not constitute acceptance by Owner and is without prejudice to any and all Claims Owner may have against Supplier. 5.0 INSPECTION, EXPEDITING, SHIPMENT, DELIVERY, ACCEPTANCE OR REJECTION (a) Shipments shall be DDP. F.O.B. Owner’s designated location, collect, unless stated otherwise on the front of the Purchase Order. Supplier shall immediately notify Owner once it expects a delivery to be late. Owner may accept or reject any or all Work within a reasonable time after receipt. Acceptance of the Work shall in no way be a waiver of or impair Owner’s right to reject or revoke its acceptance of nonconforming Work, or to avail itself of any other remedies to which Owner may be entitled, notwithstanding Owner’s knowledge of the nonconformity, its substantiality or ease of discovery. Owner shall have the right of access to Supplier’s, and Supplier’s major sub- sub-Suppliers’, plant(s) for inspection and expediting purposes. Supplier shall supply schedules and progress reports to Owner for use in expediting. (b) Unless Owner directs otherwise in writing, Supplier shall receive, unload, store in a secure place, and deliver from storage to the work area all materials and plant equipment required for the performance of the Work. The storage facilities and methods of storing are subject to Owner’s review and shall meet Owner’s requirements. Materials and equipment subject to degradation by outside exposure shall be stored in weather-tight enclosures provided by Supplier.