DISCOUNT FOR EARLY PAYMENT. The Parties expressly agree that in the event the Aggregator pays the Tariff within 7 (seven) days of the date of submission of the invoice thereof, it shall be entitled to deduct 1% (one per cent) of the amount comprising the Tariff by way of discount for early payment. 12.1 Letter of Credit
Appears in 3 contracts
Samples: Procurement Agreement, Procurement Agreement, Procurement Agreement
DISCOUNT FOR EARLY PAYMENT. The Parties expressly agree that in the event the Aggregator pays the Tariff within 7 5 (sevenfive) days of the date of submission of the invoice thereof, it shall be entitled to deduct 2% (two per cent) of the amount comprising the Tariff by way of discount for early payment. However, in case the Aggregator pays the tariff after 5 days and till Due Date, it shall be entitled to deduct 1% (one per cent) of the amount comprising the Tariff by way of discount for early paymentTariff.
12.1 Letter of Credit
Appears in 1 contract
Samples: Procurement Agreement
DISCOUNT FOR EARLY PAYMENT. The Parties expressly agree that in the event the Aggregator pays the Tariff within 7 (seven) days of the date of submission of the invoice thereof, it shall be entitled to deduct 1% (one per cent) of the amount comprising the Tariff by way of discount for early payment.
12.1 Letter of Credit
Appears in 1 contract
