Common use of PROMPT PAYMENT DISCOUNT Clause in Contracts

PROMPT PAYMENT DISCOUNT. Contractor represents and warrants, as previously certified in Contractor’s Bidder’s Certification, that Contractor will provide Purchaser a ‘prompt payment discount’ in the amount of 5% off of all purchases if payment is provided within 20 days of purchaser’s receipt of the invoice.

Appears in 4 contracts

Samples: Vehicle Maintenance and Repair Services Contract, Vehicle Maintenance and Repair Services, Vehicle Maintenance and Repair Services

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PROMPT PAYMENT DISCOUNT. Contractor represents and warrants, as previously certified in Contractor’s Bidder’s Certification, that Contractor will provide Purchaser provides Purchasers a ‘prompt payment discount’ in the amount of 51% off of all purchases if payment is provided within 20 twenty (20) calendar days of purchaser’s receipt of the invoice.

Appears in 2 contracts

Samples: Master Contract, Master Contract

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