Prompt Pay. The Acquisition Provider shall pay the subcontractor for work performed within 10 days after the Acquisition Provider receives payment for the work performed by the subcontractor. This requirement also applies to all sub-tier subcontractors and must be incorporated into all subcontracts. Failure to comply with the 10-day requirement may cause the State to withhold all payments that have or may become due, and the State may suspend the work until the subcontractor is paid.
Prompt Pay. The Contractor shall at a minimum make payments to the Subcontractor in accordance with Applicable Law, including ORC Section 4113.61. Progress payments to the Subcontractor for satisfactory performance of Subcontract Work shall be made no later than 10 days after receipt by the Contractor of payment from the Public Authority for Subcontract Work.
Prompt Pay. Health Plan shall pay all claims for items and services in accordance with federal and state law and regulation, including, as applicable, Section 3224-a of the New York Insurance Law and 42 CFR § 422.520.
Prompt Pay. The Appraiser shall pay the subcontractor for work performed within 10 days after the Appraiser receives payment for the work performed by the subcontractor. This requirement also applies to all sub-tier subcontractors and must be incorporated into all subcontracts. Failure to comply with the 10-day requirement may cause the State to withhold all payments that have or may become due, and the State may suspend the work until the subcontractor is paid.
Prompt Pay. The Health Homes acknowledge and agree that payments for Health Home Services under this Agreement do not constitute as payment or processing of health care claims and, as such, such payments are not subject to the rules relating to the processing of health claims and overpayments to health care providers under SIL Sections 3224-a and 3224-b of the NYS Insurance Law.
Prompt Pay. Owner agrees to pay Contractor within thirty (30) days from the date when Final Completion of all Work has been achieved as deemed by the Owner; provided that Contractor is not in breach of this Agreement at that time. Interest charges for any late payment shall be paid by Owner in accordance with Texas Government Code Section 2251.025. More specifically, the rate of interest that shall accrue on a late payment is the rate in effect on September 1 of Owner’s fiscal year in which the payment becomes due. The said rate in effect on September 1 shall be equal to the sum of one percent (1%); and (2) the prime rate published in the Wall Street Journal on the first day of July of the preceding fiscal year that does not fall on a Saturday or Sunday. In the event that an error appears in an invoice submitted by Contractor, such as an incorrect amount on an invoice or a lack of documentation that is required to be attached to an invoice to evidence the amount claimed to be due, Owner shall notify Contractor of the error not later than the twenty first (21st) day after the date the Xxxxxxxxxx County Auditor receives the invoice. If the error is resolved in favor of Contractor, Contractor shall be entitled to receive interest on the unpaid balance of the invoice submitted by Contractor beginning on the date that the payment for the invoice became overdue. If the error is resolved in favor of the County, Contractor shall submit a corrected invoice to the Xxxxxxxxxx County Auditor that must be within thirty
Prompt Pay. ADOT shall issue payments to Consultants within 21 calendar days after receipt of complete and accurate PR unless proper objection is made under the statute. The Consultant shall pay their Subconsultants within seven (7) calendar days after receiving payment from ADOT, to the extent of each Subconsultant’s contractual interest in the payment. Incomplete or incorrect PR shall be returned to the Consultant within seven (7) calendar days of receipt by ADOT. The 21-calendar-day payment timeframe shall begin anew upon receipt of the complete and corrected PR. The Department shall not withhold retention on progress payments; however, if satisfactory progress has not been made on the project, the Department may first retain a maximum of 10% of the current and subsequent xxxxxxxx. If unsatisfactory progress continues for a second subsequent month, the Department may, at its sole option, refuse to make progress payment(s) of such sums, which the Department considers necessary. This provision shall not limit the Department’s rights to terminate the Contract for default. The Consultants shall not withhold the Subconsultant’s payment if ADOT has paid the full value of services rendered. Failure by the Consultant to invoice ADOT in accordance with the terms of this Contract and/or pay its Subconsultants in accordance with the Arizona Prompt Pay Law is a material breach of this Contract and the Consultant shall be subject to disqualification in accordance with Section 2.02 of ECS Manual (Revised June 2016). ADOT reserves the right to request that Consultant provides proof of payment to its Subconsultants. The Consultant shall be found to be in breach of this Contract if it executes subcontract agreements with Subconsultants, DBE and non-DBE, which materially change the Prompt Pay requirement. This action may result in termination of the Contract, or any other such remedy as deemed appropriate by the Department. Failure to make prompt partial payment, or prompt final payment including any retention, within the time frames established above, will result in remedies, as the Department deems appropriate, which may include but are not limited to:
a. Withholding monthly progress payments;
b. Assessing sanctions;
c. Liquidated damages;
d. Disqualifying the consultant from submitting SOQs, or any other forms of proposals, as non-responsible;
e. Cancellation, termination, or suspension of the Contract, in whole or in part. See Section 4.33 (b)(8) of this contract for specific ...
Prompt Pay. The DB shall at a minimum make payments to the Subcontractor in accordance with Applicable Law, including ORC Section 4113.61. Progress payments to the Subcontractor for satisfactory performance of Subcontract Work shall be made no later than 10 days after receipt by the DB of payment from the Public Authority for Subcontract Work.
Prompt Pay. Provider agrees to promptly pay all claims that are Provider’s responsibility. WVP shall in turn require MA HEALTH PLAN to pay Provider consistent with MA HEALTH PLAN claim payment policies and as required under the MA Program, which requires among other things that clean claims must be approved or denied not later than thirty (30) calendar days from the date of request. Medicare Advantage Regulation 42 CFR 422.520(b).
Prompt Pay. Unless UBH or Payor requires additional information with regard to a claim, UBH or Payor shall approve or deny a “Clean Claim” within thirty (30) days after receipt of the claim. For purposes of this Appendix, Clean Claim shall mean a claim that has no defect or impropriety, including a lack of any required substantiating documentation, or particular circumstance requiring special treatment that impedes prompt payment. If UBH or Payor requires additional information to determine whether to approve or deny a claim, UBH or Payor shall notify Provider within twenty (20) days after receipt of the claim; and, after receiving the required information, UBH or Payor shall approve or deny the claim within thirty (30) days. Payor shall pay an approved Clean Claim within thirty (30) days after it has been approved. Payor shall pay interest on an approved Clean Claim not paid within thirty (30) days after approval at a rate equal to the rate of interest established pursuant to Nevada Revised Statutes, Section 99.040, unless another rate is agreed to in writing. Interest shall be calculated from thirty (30) days after approval of the Clean Claim until the Clean Claim is paid. Upon Provider’s request, UBH shall provide the schedule of payments applicable to Provider within seven
