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Contractor's invoices for payment shall reflect accurate Master Contract prices. Invoices will not <br /> be processed for payment until receipt of a complete invoice as specified herein. <br /> 6.2. PAYMENT. Payment is the sole responsibility of, and will be made by,the Participant. Payment is <br /> due within thirty(30) days of invoice. If Participant fails to make timely payment(s), Contractor <br /> may invoice Participant in the amount of one percent(1%) per month on the amount overdue or <br /> a minimum of$1. Payment will not be considered late if a check or warrant is mailed within the <br /> time specified.Contractor provides a prompt payment discount of 0.10%for payments within 20 <br /> days of receipt of the invoice.This discount will only be provided for Participant payments within <br /> the stated time. <br /> 6.3. MILESTONE PAYMENTS. Participant and Contractor may condition payment on the achievement of <br /> various agreed upon milestones for the Transit Buses. Milestone payments will be mutually <br /> agreed upon by Participant and Contractor in regard to timing of milestone, acceptance of <br /> milestone, and amounts for milestone payments. Payment for milestones will follow the <br /> procedure for invoice payment. <br /> 6.4. OVERPAYMENTS. Contractor promptly shall refund to Participant the full amount of any erroneous <br /> payment or overpayment. Such refunds shall occur within thirty (30) days of written notice to <br /> Contractor; Provided, however,that Participant shall have the right to elect to have either direct <br /> payments or written credit memos issued. If Contractor fails to make timely payment(s) or <br /> issuance of such credit memos, Participant may impose a one percent (1%) per month on the <br /> amount overdue thirty(30)days after notice to the Contractor. <br /> 6.5. No ADVANCE PAYMENT. No advance payments shall be made for any goods or services furnished <br /> by Contractor pursuant to this Master Contract. <br /> 6.6. No ADDITIONAL CHARGES. Unless otherwise specified herein,Contractor shall not include or impose <br /> any additional charges including, but not limited to, charges for shipping, handling, or payment <br /> processing. <br /> 6.7. TAXES/FEES. Contractor promptly shall pay all applicable taxes on its operations and activities <br /> pertaining to this Master Contract. Failure to do so shall constitute breach of this Master <br /> Contract. Unless otherwise agreed, Participant shall pay applicable sales tax imposed by the tax <br /> jurisdictions in which delivery occurs on purchased goods and/or services. Contractor, however, <br /> shall not make any charge for federal excise taxes and Participant agrees to furnish Contractor <br /> with an exemption certificate where appropriate. <br /> 7. CONTRACT MANAGEMENT. <br /> 7.1. CONTRACT ADMINISTRATION & NOTICES. Except for legal notices, the parties hereby designate the <br /> following contract administrators as the respective single points of contact for purposes of this <br /> Master Contract. Enterprise Services' contract administrator shall provide Master Contract <br /> oversight. Contractor's contract administrator shall be Contractor's principal contact for <br /> business activities under this Master Contract. The parties may change contractor administrators <br /> by written notice as set forth below. <br /> Any notices required or desired shall be in writing and sent by U.S. mail, postage prepaid,or sent <br /> via email,and shall be sent to the respective addressee at the respective address or email address <br /> set forth below or to such other address or email address as the parties may specify in writing: <br /> MASTER CONTRACT No.06719-01 <br /> PAGE 13 <br />