Common use of Billing Adjustments Clause in Contracts

Billing Adjustments. If it shall be found that at any time or times Shipper has been overcharged or undercharged in any form whatsoever under the provisions of the Contract and Shipper shall have actually paid the bills containing such overcharge or undercharge, Union shall refund the amount of any such overcharge and interest shall accrue from and including the first day of such overcharge as paid to the date of refund and shall be calculated but not compounded at a rate per annum determined each day during the calculation period to be equal to the minimum commercial lending rate of Union's principal banker, and the Shipper shall pay the amount of any such undercharge, but without interest. In the event Union renders a xxxx to Shipper based upon measurement estimates, the required adjustment to reflect actual measurement shall be made on the xxxx next following the determination of such actual measurement, without any charge of interest. In the event an error is discovered in the amount billed in any statement rendered by Union, such error shall be adjusted by Union. Such overcharge, undercharge or error shall be adjusted by Union on the xxxx next following its determination (where the term "xxxx" next following shall mean a xxxx rendered at least fourteen (14) days after the day of its determination), provided that claim therefore shall have been made within six (6) years from the date of the incorrect billing. In the event any refund is issued with Xxxxxxx'x xxxx, the aforesaid date of refund shall be deemed to be the date of the issue of invoice.

Appears in 3 contracts

Samples: www.enbridgegas.com, www.uniongas.com, www.enbridgegas.com

AutoNDA by SimpleDocs

Billing Adjustments. If it shall be found that any at any time or times Shipper CUSTOMER has been overcharged or undercharged in any form whatsoever under the provisions of the Contract Agreement and Shipper CUSTOMER shall have actually paid the bills containing such overcharge or undercharge, Union COMPANY shall refund the amount of any such overcharge and interest shall accrue from and including the first day of such overcharge as paid to the date of the refund and shall be calculated but not compounded at a rate per annum determined each day during the calculation period to be equal to the minimum commercial lending rate of Union's COMPANY’s principal banker, and the Shipper CUSTOMER shall pay the amount of any such undercharge, but without interest. In the event Union COMPANY renders a xxxx to Shipper CUSTOMER based upon measurement estimates, the required adjustment to reflect actual measurement shall be made on the xxxx next following the determination of such actual measurement, without any charge of interest. In the event an error is discovered in the amount billed in any statement rendered by UnionCOMPANY, such error shall be adjusted by UnionCOMPANY. Such overcharge, undercharge or error shall be adjusted by Union COMPANY on the xxxx next following its determination (where the term "xxxx" “xxxx next following following” shall mean a xxxx rendered at least fourteen (14) days after the day of its determination), provided that claim therefore shall have been made within six (6) years Years from the date of the incorrect billing. In the event any refund is issued with Xxxxxxx'x CUSTOMER’s xxxx, the aforesaid date of refund shall be deemed to be the date of issuance of the issue of invoicexxxx.

Appears in 2 contracts

Samples: Storage Service Agreement, Storage Service Agreement

Billing Adjustments. If it shall be found that any at any time or times Shipper CUSTOMER has been overcharged or undercharged in any form whatsoever under the provisions of the Contract Agreement and Shipper CUSTOMER shall have actually paid the bills containing such overcharge or undercharge, Union COMPANY shall refund the amount of any such overcharge and interest shall accrue from and including the first day of such overcharge as paid to the date of the refund and shall be calculated but not compounded at a rate per annum determined each day during the calculation period to be equal to the minimum commercial lending rate of Union's COMPANY’s principal banker, and the Shipper CUSTOMER shall pay the amount of any such undercharge, but without interest. In the event Union COMPANY renders a xxxx bill to Shipper CUSTOMER based upon measurement estimates, the required adjustment to reflect actual measurement shall be made on the xxxx bill next following the determination of such actual measurement, without any charge of interest. In the event an error is discovered in the amount billed in any statement rendered by UnionCOMPANY, such error shall be adjusted by UnionCOMPANY. Such overcharge, undercharge or error shall be adjusted by Union COMPANY on the xxxx bill next following its determination (where the term "xxxx" “bill next following following” shall mean a xxxx bill rendered at least fourteen (14) days after the day of its determination), provided that claim therefore shall have been made within six (6) years Years from the date of the incorrect billing. In the event any refund is issued with Xxxxxxx'x xxxxCUSTOMER’s bill, the aforesaid date of refund shall be deemed to be the date of issuance of the issue of invoicebill.

Appears in 2 contracts

Samples: Storage Service Agreement, Storage Service Agreement

Billing Adjustments. If it shall be found that at any time or times Shipper PGLC has been overcharged or undercharged in any form whatsoever under the provisions of the Contract and Shipper PGLC shall have actually paid the bills containing such overcharge or undercharge, Union ENGAGE shall refund the amount of any such overcharge and interest shall accrue from and including the first day of such overcharge as paid to the date of refund and shall be calculated but not compounded at a rate per annum determined each day during the calculation period to be equal to the minimum commercial lending prime rate of Union's principal bankerinterest published under "Money Rates" by The Wall Street Journal plus two percent, and the Shipper PGLC shall pay the amount of any such undercharge, but without interest. In the event Union ENGAGE renders a xxxx to Shipper PGLC based upon measurement estimates, the required adjustment to reflect actual measurement shall be made on the xxxx next following the determination of such actual measurement, without any charge of interest. In the event an error is discovered in the amount billed in any statement rendered by UnionENGAGE, such error shall be adjusted by UnionENGAGE. Such overcharge, undercharge or error shall be adjusted by Union ENGAGE on the xxxx next following its determination (where the term "xxxx" next following shall mean a xxxx rendered at least fourteen (14) days after the day of its determination), provided that claim therefore shall have been made within six two (62) years from the date of the incorrect billing. In the event any refund is issued with Xxxxxxx'x PGLC's gas xxxx, the aforesaid date of refund shall be deemed to be the date of the issue of invoice.

Appears in 1 contract

Samples: North Shore Gas Co /Il/

AutoNDA by SimpleDocs

Billing Adjustments. If it shall be found that at any time or times Shipper Customer has been overcharged or undercharged in any form whatsoever under the provisions of the Contract and Shipper Customer shall have actually paid the bills containing such overcharge or undercharge, Union SCPL shall refund the amount of any such overcharge and interest shall accrue from and including the first day of such overcharge as paid to the date of refund and shall be calculated but not compounded at a rate per annum determined each day during the calculation period to be equal to the minimum commercial lending rate of UnionSCPL's principal banker, and the Shipper Customer shall pay the amount of any such undercharge, but without interest. In the event Union SCPL renders a xxxx bill to Shipper Customer based upon measurement estimates, the required adjustment to reflect actual measurement shall be made on the xxxx bill next following the determination of such actual measurement, without any charge of interest. In the event an error is discovered in the amount billed in any statement rendered by UnionSCPL, such error shall be adjusted by UnionSCPL. Such overcharge, undercharge or error shall be adjusted by Union SCPL on the xxxx bill next following its determination (where the term "xxxx" bill' next following shall mean a xxxx bill rendered at least fourteen (141 4) days after the day of its determination), provided that claim therefore shall have been made within six (6) years from the date of the incorrect billing. In the event any refund is issued with Xxxxxxx'x xxxxCustomer's gas bill, the aforesaid date of refund shall be deemed to be the date of the issue of invoice.

Appears in 1 contract

Samples: Delivery and Redelivery Services Contract (National Fuel Gas Co)

Time is Money Join Law Insider Premium to draft better contracts faster.