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.