Common use of Rate Basis Clause in Contracts

Rate Basis. No more frequently than monthly, UNIVERSITY will invoice COMPANY based upon the rates set forth in Exhibit B. The rates and charges expressed in Exhibit B are subject to change upon 30 days’ prior written notice to COMPANY. Within 30 days from receipt of invoice, COMPANY will pay UNIVERSITY the full amount then due. Fixed-price. COMPANY will pay UNIVERSITY in accordance with the payment schedule set forth in Exhibit B.