Common use of Expiry of Correspondence Cases Clause in Contracts

Expiry of Correspondence Cases. SIS tracks the expiry dates of open correspondence cases in the system as per the rules defined in RAM/ACH Manual of Procedure. In case the party that initiated the 1st correspondence does not respond to a received correspondence by the expiry of the time limit, the Correspondence case is closed by SIS automatically with no further recourse through SIS for that particular case. Similarly if an Authority to Xxxx was granted and the SIS Member fails to raise the Billing Memo/Correspondence Invoice by the expiry time limit, SIS will close the correspondence case with no further recourse. In case the party who received the 1st correspondence fails to respond to a received correspondence by the expiry time limit, SIS will mark the correspondence case as Expired. TheSIS Member who caused the expiry will not be allowed to respond to the correspondence anyfurther by XXX. The other party has the right to raise a billing memo/Correspondence Invoice equal to the amount stated in the last correspondence sent which had expired. SIS validates the amount of such Billing Memos/Correspondence Invoices and matches it with the amount of the last correspondence. In case the two are not matching and the difference is more than the allowed tolerance, the invoice will fail in the validation process. In the above case if the SIS Member fails to raise the Billing Memo/Correspondence Invoice by the expiry time limit, SIS will close the correspondence case with no further recourse.

Expiry of Correspondence Cases. SIS tracks the expiry dates of open correspondence cases in the system as per the rules defined in RAM/ACH Manual of Procedure. In case the party that initiated the 1st correspondence does not respond to a received correspondence by the expiry of the time limit, the Correspondence case is closed by SIS automatically with no further recourse through SIS for that particular case. Similarly if an Authority to Xxxx was granted and the SIS Member fails to raise the Billing Memo/Correspondence Invoice by the expiry time limit, SIS will close the correspondence case with no further recourse. In case the party who received the 1st correspondence fails to respond to a received correspondence by the expiry time limit, SIS will mark xxxx the correspondence case as Expired. TheSIS The SIS Member who caused the expiry will not be allowed to respond to the correspondence anyfurther any further by XXXSIS. The other party has the right to raise a billing memo/Correspondence Invoice equal to the amount stated in the last correspondence sent which had expired. SIS validates the amount of such Billing Memos/Correspondence Invoices and matches it with the amount of the last correspondence. In case the two are not matching and the difference is more than the allowed tolerance, the invoice will fail in the validation process. In the above case if the SIS Member fails to raise the Billing Memo/Correspondence Invoice by the expiry time limit, SIS will close the correspondence case with no further recourse.

Expiry of Correspondence Cases. SIS tracks the expiry dates of open correspondence cases in the system as per the rules defined in RAM/ACH Manual of Procedure. In case the party that initiated the 1st correspondence does not respond to a received correspondence by the expiry of the time limit, the Correspondence case is closed by SIS IS automatically with no further recourse through SIS for that particular case. Similarly if an Authority to Xxxx was granted and the SIS Member User fails to raise the Billing Memo/Correspondence Invoice by the expiry time limit, SIS IS will close the correspondence case with no further recourse. In case the party who received the 1st correspondence fails to respond to a received correspondence by the expiry time limit, SIS will mark the correspondence case as Expired. TheSIS Member The User who caused the expiry will not be allowed to respond to the correspondence anyfurther any further by XXX. The other party has the right to raise a billing memo/Correspondence Invoice equal to the amount stated in the last correspondence sent which had expired. SIS validates the amount of such Billing Memos/Correspondence Invoices and matches it with the amount of the last correspondence. In case the two are not matching and the difference is more than the allowed tolerance, the invoice will fail in the validation process. In the above case if the SIS Member User fails to raise the Billing Memo/Correspondence Invoice by the expiry time limit, SIS will close the correspondence case with no further recourse.

Expiry of Correspondence Cases. SIS tracks the expiry dates of open correspondence cases in the system as per the rules defined in RAM/ACH Manual of Procedure. In case the party that initiated the 1st correspondence does not respond to a received correspondence by the expiry of the time limit, the Correspondence case is closed by SIS IS automatically with no further recourse through SIS for that particular case. Similarly if an Authority to Xxxx was granted and the SIS Member User fails to raise the Billing Memo/Correspondence Invoice by the expiry time limit, SIS IS will close the correspondence case with no further recourse. In case the party who received the 1st correspondence fails to respond to a received correspondence by the expiry time limit, SIS will mark xxxx the correspondence case as Expired. TheSIS Member The User who caused the expiry will not be allowed to respond to the correspondence anyfurther any further by XXXSIS. The other party has the right to raise a billing memo/Correspondence Invoice equal to the amount stated in the last correspondence sent which had expired. SIS validates the amount of such Billing Memos/Correspondence Invoices and matches it with the amount of the last correspondence. In case the two are not matching and the difference is more than the allowed tolerance, the invoice will fail in the validation process. In the above case if the SIS Member User fails to raise the Billing Memo/Correspondence Invoice by the expiry time limit, SIS will close the correspondence case with no further recourse.