Common use of Application of Payment Clause in Contracts

Application of Payment. The billing entity will conduct all payment processing of current Customer charges. In the event of a partial payment of a xxxx by a Customer, the Customer’s remittance will be applied in the following order: (i) arrears for Company’s Electric Supply and Delivery or Delivery Service; (ii) arrears for Company’s Gas Utility Sales Service or Gas Delivery Service, where applicable; (iii) by vintage of arrearage, arrears for Electric Supplier charges, where applicable and then same-vintaged arrears for Gas Supplier charges, where applicable; (iv) current charges for Company’s Electric Supply and Delivery or Delivery Service; (v) current charges for Company’s Gas Utility Sales Service or Gas Delivery Service, where applicable; (vi) current charges for Electric Supplier charges, where applicable; (vii) current charges for Gas Supplier charges, where applicable; (viii) arrears for Company’s “Value Added Services”, where applicable; and (ix) current charges for Company’s “Value Added Services”, where applicable. Any amounts in excess of the totality of these charges will be held in the billing entity's account for the Customer for distribution in the following billing cycle or will be refunded to the Customer at the Customer’s request. In the event a Customer remits payment to the wrong party, said payment will be returned to the Customer with notice of same. In the event that a bank returns a Customer’s check dishonored, such debits will be applied in inverse order to the order set forth above. The Company will correct any misapplied payments or transactions. Further, the Company will provide the Supplier an electronic file consisting of Customer payments and any returned checks and/or Customer adjustments. Each Party will assume its portion of any incremental costs associated with this electronic funds transfer.

Application of Payment. The billing entity will conduct all payment processing of current Customer charges. In the event of a partial payment of a xxxx bill by a Customer, the Customer’s remittance will be applied in the following order: (i) arrears for Company’s Electric Supply and Delivery or Delivery Service; (ii) arrears for Company’s Gas Utility Sales Service or Gas Delivery Service, where applicable; (iii) by vintage of arrearage, arrears for Electric Supplier charges, where applicable and then same-vintaged arrears for Gas Supplier charges, where applicable; (iv) current charges for Company’s Electric Supply and Delivery or Delivery Service; (v) current charges for Company’s Gas Utility Sales Service or Gas Delivery Service, where applicable; (vi) current charges for Electric Supplier charges, where applicable; (vii) current charges for Gas Supplier charges, where applicable; (viii) arrears for Company’s “Value Added Services”, where applicable; and (ix) current charges for Company’s “Value Added Services”, where applicable. Any amounts in excess of the totality of these charges will be held in the billing entity's account for the Customer for distribution in the following billing cycle or will be refunded to the Customer at the Customer’s request. In the event a Customer remits payment to the wrong party, said payment will be returned to the Customer with notice of same. In the event that a bank returns a Customer’s check dishonored, such debits will be applied in inverse order to the order set forth above. The Company will correct any misapplied payments or transactions. Further, the Company will provide the Supplier an electronic file consisting of Customer payments and any returned checks and/or Customer adjustments. Each Party will assume its portion of any incremental costs associated with this electronic funds transfer.

Application of Payment. The billing entity will conduct all payment processing of current Customer charges. In the event of a partial payment of a xxxx by a Customer, the Customer’s remittance will be applied in the following order: (i) arrears for Company’s Electric Supply and Delivery or Delivery Service; (ii) arrears for Company’s Gas Utility Sales Service or Gas Delivery Service, where applicable; (iii) by vintage of arrearage, arrears for Electric Supplier charges, where applicable and then same-vintaged arrears for Gas Supplier charges, where applicable; (iv) current charges for Company’s Electric Supply and Delivery or Delivery Service; (v) current charges for Company’s Gas Utility Sales Service or Gas Delivery Service, where applicable; (vi) current charges for Electric Supplier charges, where applicable; (vii) current charges for Gas Supplier charges, where applicable; (viii) arrears for Company’s “Value Added Services”, where applicable; and (ix) current charges for Company’s “Value Added Services”, where applicable. Any amounts in excess of the totality of these charges will be held in the billing entity's account for the Customer for distribution in the following billing cycle or will be refunded to the Customer at the Customer’s request. In the event a Customer remits payment to the wrong party, said payment will be returned to the Customer with notice of same. In the event that a bank returns a Customer’s check dishonored, such debits will be applied in inverse order to the order set forth above. The Company will correct any misapplied payments or transactions. Further, the Company will provide the Supplier an electronic file consisting of Customer payments and any returned checks and/or Customer adjustments. Each Party will assume its portion of any incremental costs associated with this electronic funds transfer.. Revision Filed with the DPSC September 23, 2003