Common use of Disputes and Adjustments of Invoices Clause in Contracts

Disputes and Adjustments of Invoices. If Seller or SCE determines that a calculation is incorrect, Seller or SCE, as the case may be, shall promptly recompute the amounts for the period of the inaccuracy based upon a correction of data and any payment affected by the adjustment or correction. Any amount due will be made as an adjustment to the next invoice that is calculated after Seller’s or SCE’s recomputation using corrected measurements. If the recomputation results in a net amount owed to SCE after applying any amounts owing to Seller as shown on the next invoice, any such amount owing to SCE will at SCE’s discretion be netted against amounts owed to Seller in any subsequent invoice or separately invoiced to Seller, in which case Seller must pay the amount owing to SCE within five (5) days after receipt of that invoice. A Party will be deemed to have waived any such payment adjustments, if such Party does not provide Notice of such payment adjustment within twelve (12) months after the Invoice Date for the invoice containing the error. Adjustment payments for meter inaccuracy will not bear interest.

Disputes and Adjustments of Invoices. If Seller or SCE determines that a calculation is incorrect, Seller or SCE, as the case may be, shall promptly recompute the amounts for the period of the inaccuracy based upon a correction of data and any payment affected by the adjustment or correction. Any amount due will be made as an adjustment to the next invoice that is calculated after Seller’s or SCE’s recomputation re-computation using corrected measurements. If the recomputation re-computation results in a net amount owed to SCE after applying any amounts owing to Seller as shown on the next invoice, any such amount owing to SCE will at SCE’s discretion be netted against amounts owed to Seller in any subsequent invoice or separately invoiced to Seller, in which case Seller must pay the amount owing to SCE within five (5) days after receipt of that invoice. A Party will be deemed to have waived any such payment adjustments, if such Party does not provide Notice of such payment adjustment within twelve (12) months after the Invoice Date for the invoice containing the error. Adjustment payments for meter inaccuracy will not bear interest.