Forecast Invoice Clause Samples

Forecast Invoice. 8.3.1. If the Packaging Undertaking has failed to submit to EPP the Sales Report in due time, EPP shall have the right to issue to the Packaging Undertaking a Forecast Invoice for the Deposit, Handling Fee and Service Charge (if applicable) for the Packaging placed on the market in Estonia by the Packaging Undertaking in the preceding calendar month based on the quantity of Packaging placed on the market in Estonia in the reporting month pursuant to the latest Sales Report submitted by the Packaging Undertaking (‘Forecast Invoice’). 8.3.2. The Deposit and Handling Fee (and Service Charge if applicable) in the Forecast Invoice shall be multiplied by the coefficient of 1.5 multiples (one point five multiples). This means that the Deposit and Handling Fee (and Service Charge if applicable) payable per Packaging pursuant to the Forecast Invoice is 1.5 (one point five) times higher than in the case of an ordinary invoice with the Sales Report submitted in due time. The Forecast Invoice shall be obligatory for the Packaging Undertaking to pay. 8.3.3. Payment of the Forecast Invoice shall not release the Packaging Undertaking from the obligation to submit the Sales Report. In the event that the Packaging Undertaking has failed to submit the Sales Report in due time, a Forecast Invoice has been issued to the Packaging Undertaking and the Packaging Undertaking has paid the Forecast Invoice, the Packaging Undertaking shall be obligated to submit the missing Sales Report retrospectively. 8.3.4. If the Packaging Undertaking submits the missing Sales Report to EPP after paying the Forecast Invoice and the respective Sales Report indicates that the amount payable by the Packaging Undertaking upon timely submission of the Sales Report would have been less than the amount paid pursuant to the Forecast Invoice, EPP shall refund the Packaging Undertaking for the excess amount paid pursuant to the Forecast Invoice. The amount to be refunded to the Packaging Undertaking shall be offset with all amounts payable by the Packaging Undertaking to EPP under the Contract, including fines for late payment and contractual penalties.