Common use of Collection of Funding Clause in Contracts

Collection of Funding. (a) NERC shall submit invoices to the load-serving entities or designees identified in Section 3 of this Exhibit E to cover the NERC and Texas RE assessments approved for collection. (b) NERC shall pursue any non-payments of assessment amounts and shall request assistance from Applicable Governmental Authorities as necessary to secure collection. To the extent reasonably practicable, Texas RE shall assist NERC in pursuing and collecting any non-payments. Notwithstanding the foregoing, Texas RE is not responsible and does not assume any liability for recovering non-payments or underpayments of assessment amounts. NERC shall retain sole responsibility for recovering non-payments or underpayments of assessment amounts. NERC shall add the amount of any non-payments by end-users or designees within Texas RE’s region, that are reasonably determined to be uncollectible, to NERC’s assessments for a subsequent year with the amount of such non- payments to be allocated to end-users within Texas RE’s region. (c) Upon approval by Applicable Governmental Authorities of Texas RE’s annual assessment to fund the costs of its delegated functions and related activities, NERC shall pay Texas RE’s annual assessment to Regional Entity in four equal quarterly payments on January 15, April 15, July 15 and October 15 of the budget year.

Collection of Funding. (a) NERC shall submit invoices to the load-serving entities or designees identified in Section 3 of this Exhibit E to cover by Texas RE covering the NERC and Texas RE assessments approved for collection. (b) NERC shall pursue any non-payments of assessment amounts and shall request assistance from Applicable Governmental Authorities as necessary to secure collection. To the extent reasonably practicable, Texas RE shall assist NERC in pursuing and collecting any non-payments. Notwithstanding the foregoing, Texas RE is not responsible and does not assume any liability for recovering non-payments or underpayments of assessment amounts. NERC shall retain sole responsibility for recovering non-payments or underpayments of assessment amounts. NERC shall add the amount of any non-payments by end-users or designees within Texas RE’s region, that are reasonably determined to be uncollectible, to NERC’s assessments for a subsequent year with the amount of such non- payments to be allocated to end-users within Texas RE’s region. (c) Upon approval by Applicable Governmental Authorities of Texas RE’s annual assessment to fund the costs of its delegated functions and related activities, NERC shall pay Texas RE’s annual assessment to Regional Entity in four equal quarterly payments on January 15, April 15, July 15 and October 15 of the budget year.

Collection of Funding. (a) NERC shall submit invoices to the load-serving entities or designees identified in Section 3 of this Exhibit E to cover by Texas RE covering the NERC and Texas RE assessments approved for collection. (b) NERC shall pursue any non-payments of assessment amounts and shall request assistance from Applicable ERO Governmental Authorities as necessary to secure collection. To the extent reasonably practicable, Texas RE shall assist NERC in pursuing and collecting any non-payments. Notwithstanding the foregoing, Texas RE is not responsible and does not assume any liability for recovering non-payments or underpayments of assessment amounts. NERC shall retain sole responsibility for recovering non-payments or underpayments of assessment amounts. NERC shall add the amount of any non-payments by end-users or designees within Texas RE’s region, that are reasonably determined to be uncollectible, to NERC’s assessments for a subsequent year with the amount of such non- non-payments to be allocated to end-users within Texas RE’s region. (c) Upon approval by Applicable ERO Governmental Authorities of Texas RE’s annual assessment to fund the costs of its delegated functions and related activities, NERC shall pay Texas RE’s annual assessment to Regional Entity in four equal quarterly payments on January 15, April 15, July 15 and October 15 of the budget year.