Disputes on Invoices. If the invoice amount is in dispute and such dispute is unresolved within five (5) Business Days following the Invoice Due Date, then the undisputed amount will be paid on or before the last Business Day of the month in which the invoice is rendered or the last Business Day of the following month if the payment is the first payment made under this Agreement. Buyer may, in good faith, dispute the correctness of any invoice within six (6) months after receipt of such invoice. Any invoice dispute must be in writing and state the basis for the dispute, which must be made in good faith. Subject to Section 9.5, a Party may withhold payment of the disputed amount until two (2) Business Days following the resolution of the dispute, and any amounts not paid when originally due and subsequently determined to be due and payable will bear interest at the Default Rate from the due date as originally invoiced. Any undisputed amounts not paid by the applicable due date are delinquent and will accrue interest at the Default Rate. Inadvertent overpayments will be returned upon request or credited by the Party receiving such overpayment against amounts subsequently due from the other Party. Any dispute with respect to an invoice is waived unless the disputing Party notifies the other Party in accordance with this Section 5.3 within six (6) months after the invoice is rendered. If final resolution of the dispute is not completed within sixty (60) days after notification of the dispute, the Parties shall be free to pursue any available legal or equitable remedy.
Disputes on Invoices. If the invoice amount is in dispute and such dispute is unresolved within five (5) Business Days following the Invoice Due Date, then the undisputed amount will be paid on or before the last Business Day of the month in which the invoice is rendered or the last Business Day of the following month if the payment is the first payment made under this Agreement. Buyer may, in good faith, dispute the correctness of any invoice within six (6) months after receipt of such invoice. Any invoice dispute must be in writing and state the basis for the dispute, which must be made in good faith. Subject to Section 9.5, a Party may withhold payment of the disputed amount until two (2) Business Days following the resolution of the dispute, and any amounts not 30 NTD: IPA Act Section 1-75(c)(1)(L)(iv): “…the renewable energy credit delivery contract length shall be 20 years and shall be paid over the delivery term, not to exceed during each delivery year the contract price multiplied by the estimated annual renewable energy credit generation amount.” defined as Deliveries of RECs in a DY that exceed the Delivery Year Expected REC Quantity. Actual cumulative payments will be net of deduction for Ineligible RECs, so using the methodology in this first sentence of this paragraph, superficially it looks like RECs that represent cumulative Deliveries in excess of the DYERQ could actually get paid for (because not all cumulative Deliveries have been paid for). There is a mechanical approach that could reconcile this potential discrepancy. That is as follows: in a given Quarterly Period, what superficially seem to be Surplus (and non- Ineligible) RECs (i.e. they cumulatively exceed the DYERQ) can be paid for, if there is at least an equivalent amount of unpaid Ineligible RECs from prior QPs; we then recharacterize the present QP’s non-Ineligible Surplus RECs as non- Surplus RECs, and recharacterize the prior QP’s unpaid Ineligible RECs as Surplus RECs and Ineligible RECs. Why is thinking at this seemingly-absurd level of detail so important? RECs are not necessarily fungible, so each REC should be given appropriate contractual treatment. This is why I have suggested tracking RECs by serial number each quarter, in Sections 2.6(b) and 4.2(c). If that is considered too onerous, then the contractual tracking & disposition of RECs by serial number could alternatively be done following each DY. paid when originally due and subsequently determined to be due and payable will bear interes...
Disputes on Invoices. (a) In case of dispute on an invoice, the disputing Party shall (i) convey to the other Party before the due date a written note explaining its reasons for disputing such invoice and
Disputes on Invoices. If the invoice amount is in dispute and such dispute is unresolved within five (5) Business Days following the Invoice Due Date, then the undisputed amount will be paid on or before the last Business Day of the month in which the invoice is rendered. Buyer may, in good faith, dispute the correctness of any invoice within six (6) months after receipt of such invoice. Any invoice dispute must be in writing and state the basis for the dispute, which must be made in good faith. Subject to Section 5.4 of this Agreement,9.5, a Party may withhold payment of the disputed amount until two (2) Business Days following the resolution of the dispute, and any amounts not paid when originally due and subsequently determined to be due and payable will bear interest at the Default Rate from the due date as originally invoiced. If the invoice amount is in dispute, then the undisputed amount will be paid on or before the last Business Day of the month that follows the end of the relevant Delivery Month. Any undisputed amounts not paid by the applicable due date are delinquent and will accrue interest at the Default Rate. Inadvertent overpayments will be returned upon request or credited by the Party receiving such overpayment against amounts subsequently due from the other Party. Any dispute with respect to an invoice is waived unless the disputing Party notifies the other Party in accordance with this Section 2.25.3 within six
Disputes on Invoices. Notwithstanding the provisions in Section 5.2(a), each Party may, in good faith, dispute the correctness of any invoice issued by the other Party under this Article 5 within six (6) months after receipt of such invoice. Any such dispute must be in writing and state the basis for the dispute, which must be made in good faith. Subject to Section 9.5, a Party may withhold payment of the disputed amount until two (2) Business Days following the resolution of the dispute, and any amounts not paid when originally due and subsequently determined to be due and payable shall bear interest at the Default Rate from the due date as originally invoiced. Any undisputed amounts not paid by the applicable due date are delinquent and will accrue interest at the Default Rate. Inadvertent overpayments will be returned upon request or credited by the Party receiving such overpayment against amounts subsequently due from the other Party. Any dispute with respect to an invoice is waived unless the disputing Party notifies the other Party in accordance with this Section 5.3 within six
Disputes on Invoices. If there is a dispute between TNP and Cap Rock concerning the amount of any TNP invoice, Cap Rock shall pay the undisputed portion of the amount stated as due under that invoice. TNP and Cap Rock shall attempt to promptly and amicably resolve the dispute. Upon resolution of the dispute the disputed amount shall be paid or refunded. as the case may be, to the prevailing Party, together with accrued interest at the Contract Interest Rate from the due date or the date the disputed amount was paid by the prevailing Party, as the case may be, to the date of payment or refund, as the case may be.
Disputes on Invoices. In the event that there arises between Hawaiian and Delta a reasonable, good faith dispute as to any particular item set forth in an invoice from Delta, Hawaiian agrees that it shall act reasonably in determining any disputed items, make prompt payment of all non-disputed items (which shall be by such invoices due date) and be entitled to withhold payment only in respect of the disputed amount until such time as such dispute is resolved between the Parties. Payment for disputed items shall be due five (5) days from date of written agreement of resolution of the dispute. If any claim or controversy arises, the claiming Party shall notify the other Party in writing within ten (10) Business Days of the date of invoice receipt with details and reasons regarding such disputed amount. The Parties shall make a good faith attempt to resolve the matter through their management representatives within thirty (30) Business Days. [**].
Disputes on Invoices. 26 NTD: IPA Act Section 1-75(c)(1)(L)(ii): “The renewable energy credit delivery contract value shall be paid in full, based on the estimated generation during the first 15 years of operation, by the contracting utilities at the time that the facility producing the renewable energy credits is interconnected at the distribution system level of the utility and verified as energized and compliant by the Program Administrator.”
Disputes on Invoices. Notwithstanding the provisions in Section 5.2(a), eachIf the invoice amount is in dispute and such dispute is unresolved within five (5) Business Days following the Invoice Due Date, then the undisputed amount will be paid on or before the last Business Day of the month in which the invoice is rendered. Each Party may, in good faith, dispute the correctness of any invoice issued by the other Party under this Article 5 within six (6twelve (12) months after receipt of such invoice. Any such dispute must be in writing and state the basis for the dispute, which must be made in good faith. Subject to Section 9.5, a Party may withhold payment of the disputed amount until two (2) Business Days following the resolution of the dispute, and any amounts not paid when originally due and subsequently determined to be due and payable shallwill bear interest at the Default Rate from the due date as originally invoiced. Any undisputed amounts not paid by the applicable due date are delinquent and will accrue interest at the Default Rate. Inadvertent overpayments will be returned upon request or credited by the Party receiving such overpayment against amounts subsequently due from the other Party. Any dispute with respect to an invoice is waived unless the disputing Party notifies the other Party in accordance with this Section 5.3 within six (6twelve (12) months after the invoice is rendered. If final resolution of the dispute is not completed within sixty (60) days after notification of the dispute, the Parties shall be free to pursue any available legal or equitable remedy. Except as provided in this Section 5.3, in no event will Buyer be liable whatsoever to Seller for any payments of invoices issued more than six (6) months after the end of the Term of this Agreement.
