Common use of Reimbursement and Billing Procedures Clause in Contracts

Reimbursement and Billing Procedures. The Services Company shall invoice the General Partner and/or the Partnership monthly for any direct costs actually incurred by the Services Company in providing the Services pursuant to this Agreement (including compensation costs, including payroll, benefits and payroll taxes, allocated to its employees providing the Services) and may cause any third party service providers to invoice the General Partner and/or the Partnership directly. The General Partner and/or the Partnership shall reimburse the Services Company for the Services it provides pursuant to this Agreement on or before the later of (i) 10 days after its receipt of such invoice or (ii) 30 days following the end of the calendar month during which such invoiced Services were performed.