Common use of ECAR and OVEC Emergency Energy Clause in Contracts

ECAR and OVEC Emergency Energy. As soon as practicable after the end of each month, Corporation shall render to each Sponsoring Company a statement indicating all ECAR Emergency Energy supplied to or for the account of such Sponsoring Company during such month and all OVEC Emergency Energy supplied to Corporation during such month, specifying the amount due to the Corporation therefor pursuant to Article 5 above; provided, however, that Corporation shall credit any payments which Corporation owes to any Sponsoring Company for ECAR Emergency Energy against the amounts otherwise payable by such Sponsoring Company for OVEC Emergency Energy. Such Sponsoring Company shall make payment therefor promptly upon the receipt of such statement, but in no event later than fifteen (15) days after the date of receipt of such statement. In case the computation of the amount due for ECAR Emergency Energy or OVEC Emergency Energy cannot be determined at the time, it shall be estimated subject to adjustment when the actual determination can be made, and all payments shall be subject to subsequent adjustment.