Common use of Billing Disputes and Adjustments of Invoices Clause in Contracts

Billing Disputes and Adjustments of Invoices. (a) Within twelve (12) months of the date on which an Invoice is issued, Buyer may, in good faith, adjust the Invoice to correct any errors. The adjustment shall include interest calculated at the Interest Rate from the original due date to the date of payment. Buyer shall provide Seller a written explanation of the basis for the adjustment. (b) Within twelve (12) months of the date on which an Invoice is issued or an Invoice is adjusted pursuant to Section 5.3(a) (Billing Disputes and Adjustment of Invoices), Seller may, in good faith, dispute the correctness of such Invoice or adjustment, pursuant to the provisions of Article 11 (Dispute Resolution), and provided that Seller has paid by the Monthly Settlement Date any portion of an Invoice that is not disputed.

Billing Disputes and Adjustments of Invoices. (a) Within twelve (12) months of the date on which an Invoice is issued, Buyer may, in good faith, adjust the Invoice to correct any errors. The adjustment shall include interest calculated at the Interest Rate from the original due date to the date of payment. Buyer shall provide Seller a written explanation of the basis for the adjustment. (b) Within twelve (12) months of the date on which an Invoice is issued or an Invoice is adjusted pursuant to Section 5.3(a) (Billing Disputes and Adjustment of Invoices), Seller may, in good faith, dispute the correctness of such Invoice or adjustment, pursuant to the provisions of Article 11 (Dispute Resolution), and provided that Seller has paid by the Monthly Quarterly Settlement Date any portion of an Invoice that is not disputed.