Common use of Billing and Invoicing Procedures Clause in Contracts

Billing and Invoicing Procedures. Each Party shall render invoices to the other Party for amounts due under this Agreement in accordance with its customary billing practices and payment shall be due in accordance with the invoicing Party’s customary payment requirements. All payments shall be made in immediately available funds payable to the invoicing Party by wire transfer pursuant to instructions set out by the Parties from time to time. Interest on any amounts not paid when due shall be calculated in accordance with the methodology specified for interest on refunds in the Commission’s regulations at 18 C.F.R. § 35.19a(a)(2)(iii).

Billing and Invoicing Procedures. Each Party shall render invoices to the other Party for amounts due under this Agreement in accordance with its customary billing practices (or as otherwise agreed between the Parties) and payment shall be due in accordance with the invoicing Party’s customary payment requirementsrequirements (unless otherwise agreed). All payments shall be made in immediately available funds payable to the invoicing Party by wire transfer pursuant to instructions set out by the Parties from time to time. Interest on any amounts not paid when due shall be calculated in accordance with the methodology specified for interest on refunds in the Commission’s regulations at 18 C.F.R. § 35.19a(a)(2)(iii).

Billing and Invoicing Procedures. Each Party shall render invoices to the other Party for amounts due under this Agreement in accordance with its customary billing practices and payment shall be due in accordance with the invoicing Party’s Party‟s customary payment requirements. All payments shall be made in immediately available funds payable to the invoicing Party by wire transfer pursuant to instructions set out by the Parties from time to time. Interest on any amounts not paid when due shall be calculated in accordance with the methodology specified for interest on refunds in the Commission’s Commission‟s regulations at 18 C.F.R. § 35.19a(a)(2)(iii).