Financial Covenants by User. Metering Services Charges The User agrees to pay Horizon Power the Fees for the Extended Metering Services provided under this Agreement. For the avoidance of doubt, for Reference Services (Metering) a Reference Tariff is payable by the User under the User’s Access Contract, and such Reference Tariffs must be paid by the User in accordance with the terms of the User’s Access Contract. If the User requests the following Extended Metering Services and the test reveals that the Meter that was the subject of the test does not comply with the requirements of the Code, the User is not liable to pay any Fees applicable to those Extended Metering Services. Meter Test – Lab; or Meter Test – NATA Certified. Where a User requests a Reference Service (Metering), which requires the provision of one or more Extended Metering Services to satisfy the eligibility criteria, Horizon Power will provide the Extended Metering Service and the User will pay the fees set out in Schedule 5 for that Service in addition to any Reference Tariff payable. Invoicing and payment Invoices Horizon Power must, within 10 Business Days after the end of an Accounting Period, issue to the User a Tax Invoice for the Accounting Period showing: all amounts payable by the User to Horizon Power under this Agreement for the Accounting Period; and all outstanding amounts as at the end of the Accounting Period and interest payable on those amounts; and GST payable on those amounts under clause 5.6. Payment of invoices Subject to clause 5.3, the User must, on or before the Due Date of the Tax Invoice, pay to Horizon Power all amounts shown on the Tax Invoice which are payable under this Agreement. If the User fails to comply with clause 5.2(a) then, without prejudice to Horizon Power’s other rights, the User must pay interest on any unpaid amount, calculated daily at the Prescribed Rate from the Due Date of the Tax Invoice until payment. Disputed invoices If the User Disputes any amount set out in a Tax Invoice issued under clause 5.1 then the User must pay the Undisputed Portion (if any) and must, prior to the Due Date of the Tax Invoice, give notice to Horizon Power that it Disputes the amount and provide in that notice full details of the Dispute. Provided the User has complied with the foregoing requirements, it may withhold payment of the disputed portion of the Tax Invoice until the Dispute is resolved. Without prejudice to Horizon Power’s other rights, any amount withheld by the User under clause ...
Financial Covenants by User
