Common use of Billing & Payment Clause in Contracts

Billing & Payment. The amount of Excess Energy delivered by the System to the Delivery Point shall be measured and determined solely by the Metering Equipment. MH shall apply monetary credits for Excess Energy (which shall be equal to the number of kWh of Excess Energy multiplied by the Excess Energy Price) to the Seller’s monthly MH bill. If the Seller is a GST registrant, GST shall be charged on Excess Energy purchased by MH so long as the Seller has provided MH with a valid GST registration number. Payment to MH shall be made in accordance with the terms stated on the MH bill. In the event a MH bill account balance shows a credit owing to the Seller, the Seller agrees that the credit shall be carried over to the next MH bill. The Seller may request a cheque or alternate method of payment for a credit balance owing to the Seller in the month of March of each calendar year.

Billing & Payment. The amount of Excess Energy delivered by the System to the Delivery Point shall be measured and determined solely by the Metering Equipment. MH shall apply monetary credits for Excess Energy (which shall be equal to the number of kWh of Excess Energy multiplied by the Excess Energy Price) to the Seller’s monthly MH billxxxx. If the Seller is a GST registrant, GST shall be charged on Excess Energy purchased by MH so long as the Seller has provided MH with a valid GST registration number. Payment to MH shall be made in accordance with the terms stated on the MH billxxxx. In the event a MH bill xxxx account balance shows a credit owing to the Seller, the Seller agrees that the credit shall be carried over to the next MH billxxxx. The Seller may request a cheque or alternate method of payment for a credit balance owing to the Seller in the month of March of each calendar year.