Prompt Payment definition

Prompt Payment means a Payment within the time periods applicable pursuant to Sections 504.3 through 504.5 of this Exhibit in order for NYSERDA not to be liable for interest pursuant to Section 504.6.

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Prompt Payment means payment prior to the time when a utility could issue a notice of disconnection for nonpay- ment of an amount not in dispute.

Prompt Payment means payment of a debt due and owing by the Authority pursuant to a Contract before interest accrues thereon pursuant to the provisions of this Part.

Examples of Prompt Payment in a sentence

• If the City fails to make any payment that is not disputed with the above timeframe as provided for in the Prompt Payment Act, the Consultant may, after giving notice to the City, suspend services and withhold deliverables until all amounts due are paid in full.

• Any undisputed fees not paid when due shall accrue interest at the rate indicated by the the Prompt Payment Act (31 USC 3901 et seq) and Treasury regulations at 5 CFR 1315.

• Interest on overdue payments shall be calculated in accordance with the Prompt Payment Act.

• All payments shall be made in accordance with the Illinois Local Government Prompt Payment Act, which generally requires approval of a vendor’s bill within 30 days of receiving the invoice for the services contained in it, and payment within an additional 30 days (50 ILCS 505/1 et seq.).

• Due dates and interest assessments for payment will be adjusted to conform to any relevant future amendments or supersession of the Prompt Payment Act.

More Definitions of Prompt Payment

Prompt Payment means a payment within the time periods applicable pursuant to Sections 504.3 through 504.5 of this Part in order for the Authority not to be liable for interest pursuant to Section 504.6.

Prompt Payment means payment of a debt due and owing by the CUCF before interest accrues thereon pursuant to this Statement of Prompt Payment Policy.

Prompt Payment means a Payment within the time periods applicable pursuant to Sections

Prompt Payment means a payment within the time periods applicable pursuant to Sections 1.3 through 1.5 of this policy in order for the Authority not to be liable for interest pursuant to Section 1.6.

Prompt Payment means a Payment within the time periods applicable pursuant to Sections 504.3 through

Prompt Payment means payment of a debt due and owing by the Corporation before interest accrues thereon pursuant to the specifications herein.

Prompt Payment means payment prior to the time when a mobile home park operator or mobile home park con- tractor could issue a notice of disconnection for nonpayment of an amount not in dispute.