Common use of Bills of Miscellaneous Claims Clause in Contracts

Bills of Miscellaneous Claims. The bills towards interest charges pursuant to Clause 13 raised by the Parties shall be paid within 15 (fifteen) days of receipt of such bills. Compensation for short supply/lifting, as calculated in accordance with Clause 4.7, shall be payable by the defaulting Party to the other Party within a period of ninety (90) days from the date of receipt of claim, failing which, it will attract interest in terms of Clause 13. After expiry of the Year, the Seller shall submit an invoice to the Purchaser with respect to the Performance Incentive payable in terms of Clause 4.11and the Purchaser shall pay the amount so due within 30 (thirty) days of the receipt of the invoice failing which it will attract interest in terms of Clause 13.

Bills of Miscellaneous Claims. The bills towards interest charges pursuant to Clause 13 raised by the Parties shall be paid within 15 (fifteen) days of receipt of such bills. Compensation for short supply/lifting, as calculated in accordance with Clause 4.7, shall be payable by the defaulting Party to the other Party within a period of ninety (90) days from the date of receipt of claim, failing which, it will attract interest in terms of Clause 13. After expiry of the Year, the Seller shall submit an invoice to the Purchaser with respect to the Performance Incentive payable in terms of Clause 4.11and the Purchaser shall pay the amount so due within 30 thirty (thirty30) days of the receipt of the invoice failing which it will attract interest in terms of Clause 13.

Bills of Miscellaneous Claims. The bills towards interest charges pursuant to Clause 13 raised by the Parties shall be paid within 15 (fifteen) days of receipt of such bills. Compensation for short supply/lifting, as calculated in accordance with Clause 4.7, shall be payable by the defaulting Party to the other Party within a period of ninety (90) days from the date of receipt of claim, failing which, it will attract interest in terms of Clause 13. After expiry of the Year, the Seller shall submit an invoice to the Purchaser with respect to the Performance Incentive payable in terms of Clause 4.11and 4.11 and the Purchaser shall pay the amount so due within 30 thirty (thirty30) days of the receipt of the invoice failing which it will attract interest in terms of Clause 13.