Common use of Bills of Miscellaneous Claims Clause in Contracts

Bills of Miscellaneous Claims. 11.3.1 The Seller shall, within seven (7) days of the receipt of claim pursuant to Clause 11.1 raised 11.3.2 The bills towards interest charges pursuant to Clause 12 shall be raised by the parties on monthly basis by the tenth (10th) day of the following month and the payment shall 11.3.3 Compensation for short supply/lifting, as calculated in accordance with Clause 3.7, 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 12. 11.3.4 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 3.12.1 and the Purchaser shall pay the amount so due within thirty (30) days of the receipt of the invoice failing which it will attract interest in terms of Clause 12.