Disputes over Statements Sample Clauses

Disputes over Statements. (a) If there is a dispute between the parties concerning the charges or any other amounts payable by one party to the other specified in a preliminary statement, the parties agree to use reasonable endeavours to resolve the dispute within 15 business days of the end of the relevant Billing Period. The dispute must be resolved by agreement or in accordance with clause 14. If the parties have not resolved the dispute before the time at which AEMO must give the SRAS Provider the final statement, AEMO must prepare that final statement on the basis of its own assessment of the charges and any other amounts payable under this Agreement in respect of that Billing Period. (b) Disputes in relation to a final statement must be raised within 6 months of the date of the relevant final statement. If a party does not raise a dispute within that period, the party will be taken to have agreed to the way in which that matter is dealt with in the final statement.
Sample 1Sample 2See All (5)
AutoNDA by SimpleDocs
Disputes over Statements. (a) Disputes in relation to a final statement must be raised within 6 months of the date of the billing period to which the statement relates. If a party does not raise a dispute within that period, the party will be taken to have agreed to the way in which that matter is dealt with in the final statement.
Sample 1Sample 2Sample 3See All (4)
Disputes over Statements. If there is a dispute between the parties concerning the charges or any other amounts payable by one party to the other specified in a preliminary statement, the parties agree to use reasonable endeavours to resolve the dispute within 15 business days of the end of the relevant Billing Period. The dispute must be resolved by agreement or in accordance with clause 14. If the parties have not resolved the dispute before the time at which AEMO must give the SRAS Provider the final statement, AEMO must prepare that final statement on the basis of its own assessment of the charges and any other amounts payable under this Agreement in respect of that Billing Period. Disputes in relation to a final statement must be raised within 6 months of the date of the relevant final statement. If a party does not raise a dispute within that period, the party will be taken to have agreed to the way in which that matter is dealt with in the final statement. Payment If a final statement indicates that a party must pay the other party a net amount, that party must pay the net amount specified in the final statement to the other party (whether or not there is a dispute in relation to the amount payable) on the later of:
Sample 1Sample 2
Disputes over Statements. Disputes in relation to a final statement must be raised within 6 months of the date of the billing period to which the statement relates. If a party does not raise a dispute within that period, the party will be taken to have agreed to the way in which that matter is dealt with in the final statement. Payment If a final statement indicates that a party must pay the other party a net amount, that party must pay the net amount specified in the final statement to the other party (whether or not there is a dispute in relation to the amount payable) on the later of: the 20th business day after the end of the billing period; and the 2nd business day after XXXX gives the final statement. Adjustment Where the parties agree that the charges or any other amounts specified in a final statement are incorrect, or it is determined in accordance with clause 14 that they were incorrect or not payable, or the quantity of reserve is amended in accordance with this Agreement or a reserve contract, AEMO must issue a replacement statement for the billing period stating the correct charges or any other amounts payable. If a payment has already been made, the party advantaged must pay the other party the amount required to put the other party in the position it would have been in at the time payment was due under clause 9.5 plus interest on the difference between the amount paid to the party advantaged and the amount that should have been paid. The interest accrues daily at the bank bill rate on the relevant day for each day from the date on which payment was made under clause 9.5 until payment is made under this paragraph (b). Payment under paragraph (b) must be made on the same day as the next payment is made under clause 9.5 or set off against an amount due to the party advantaged by the other party, or if no subsequent payments are to occur under clause 9.5, within 15 business days after the replacement statement is given under paragraph (a).
Sample 1

Related to Disputes over Statements

  • Settlement of Disputes between the Contracting Parties 1. Disputes between the Contracting Parties concerning the interpretation or application of this Agreement should, if possible, be settled through diplomatic channels. 2. If a dispute between the contracting Parties cannot thus be settled, it shall upon the request of either Contracting Party be submitted to an arbitral tribunal. 3. Such as arbitral tribunal shall be constituted for each individual case in the following way. Within two months of the receipt of the request for arbitration, each Contracting Party shall appoint one member of the tribunal. Those two members shall then select a national of a third State who an approval by the two Contracting Parties shall be appointed Chairman of the tribunal. The Chairman shall be appointed within two months from the date of appointment of the other two members. 4. If within the periods specified in paragraph 3 of this Article the necessary appointments have not been made either Contracting Party may, in the absence of any other agreement, invite the President of the International Court of Justice to make any necessary appointments. If the President is a national of either Contracting Party or if he is otherwise prevented from discharging the said function, the Vice-President shall be invited to make the necessary appointments. If the vice- President is a national of either Contracting Party or if he too is prevented form discharging the said function, the members of the International Court of Justice next in seniority who is not a national of either Contracting Party Shall be invited to make the necessary appointments. 5. The arbitral tribunal shall reach its decision by a majority of votes. Such decision shall be binding on both Contracting Parties. Each Contracting Party shall bear the cost of its own member of the tribunal and of its representation in the arbitral proceedings; the cost of the Chairman and the remaining cost shall be borne in equal parts by the Contracting Parties. The tribunal may, however, in its decision direct that a higher proportion of costs shall be borne by one of the two Contracting Parties, and this award shall be binding on both Contracting Parties. The tribunal shall determine its won procedure.

  • No Actions, Suits or Proceedings Since the respective dates as of which information is given in the Registration Statement, the General Disclosure Package and the Prospectus, there shall have been no actions, suits or proceedings instituted, or to the Company’s knowledge, threatened against or affecting, the Company or its subsidiaries or any of their respective officers in their capacity as such, before or by any federal, state or local court, commission, regulatory body, administrative agency or other governmental body, domestic or foreign.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!