Common use of Invoice and Payments Clause in Contracts

Invoice and Payments. 5.1 For Transmission / Wheeling Services provided to a Open Access User under this Agreement, the PDCL/APTRANSCO will charge and bill the Open Access User as per the Regulation and the Open Access User shall pay 5.2 Notwithstanding anything contained in Article 5.1 above, in the event the contracted capacity of the Open Access User has been accommodated through a congested corridor of the network, the Open Access User shall pay congestion charges as provided in the Regulations and relevant orders of the Commission. 5.3 PDCL shall provide to the Open Access User an Invoice drawn up as specified in Schedule-II and based upon; (a) meter reading taken pursuant to Article 7 herein and in accordance with the Regulations. (b) the charges/tariff determined by the Commission from time to time, in accordance with the provisions of the Act and Regulations. 5.4 The periodicity of the invoice will be monthly. 5.5 Each monthly Invoice shall be payable by Open Access User in accordance with this Agreement on or before the due date indicated in such invoice, which will be 15 (fifteen) days from the date of presentation of Invoice to the Open Access User. 5.6 The Supplementary Invoice will include, but not limited to the following: (a) Statutory duties, taxes, cess, levies, royalty etc. (b) Any claim of Government of India, State Government, local authorities, or bodies etc. (c) Any other claim admissible under this agreement. The Supplementary Invoice shall be payable within 15 (fifteen) days from the date of presentation of the Invoice to the User. 5.7 Payment of Invoice and Supplementary Invoice shall be made on or before the due date either by (a) bank draft or (b) Directly credited to APTRANSCO / DISCOMs account by RTGS / NEFT (c) through irrevocable revolving Letter of Credit (LC), issued by a schedule bank as specified in Schedule-II.

Invoice and Payments. 5.1 For Transmission / Wheeling Services provided to a Open Access User under this Agreement, the ___PDCL/APTRANSCO will charge and bill xxxx the Open Access User as per the Regulation and the Open Access User shall paypay ___PDCL/APTRANSCO in accordance with the rates/charges specified by the Commission, on the basis of the settlement statement determined as per the Balancing and Settlement Code in force. 5.2 Notwithstanding anything contained in Article 5.1 above, in the event the contracted capacity of the Open Access User has been accommodated through a congested corridor of the network, the Open Access User shall pay congestion charges as provided in the Regulations and relevant orders of the Commission. 5.3 ___PDCL shall provide to the Open Access User an Invoice drawn up as specified in Schedule-II and based upon; (a) meter reading taken pursuant to Article 7 herein and in accordance with the Regulations. (b) the charges/tariff determined by the Commission from time to time, in accordance with the provisions of the Act and Regulations. 5.4 The periodicity of the invoice will be monthly. 5.5 Each monthly Invoice shall be payable by Open Access User in accordance with this Agreement on or before the due date indicated in such invoice, which will be 15 (fifteen) days from the date of presentation of Invoice to the Open Access User. 5.6 The Supplementary Invoice will include, but not limited to the following: (a) Statutory duties, taxes, cess, levies, royalty etc. (b) Any claim of Government of India, State Government, local authorities, or bodies etc. (c) Any other claim admissible under this agreement. The Supplementary Invoice shall be payable within 15 (fifteen) days from the date of presentation of the Invoice to the User. 5.7 Payment of Invoice and Supplementary Invoice shall be made on or before the due date either by (a) bank draft or (b) Directly credited to APTRANSCO / DISCOMs account by RTGS / NEFT (c) through irrevocable revolving Letter of Credit (LC), issued by a schedule bank as specified in Schedule-II.

Invoice and Payments. 5.1 For Transmission / Wheeling Services provided to a Open Access User under this Agreement, the ___PDCL/APTRANSCO will charge and bill xxxx the Open Access User as per the Regulation and the Open Access User shall pay 5.2 pay ___PDCL/APTRANSCO in accordance with the rates/charges specified by the Commission, on the basis of the settlement statement determined as per the Balancing and Settlement Code in force. Notwithstanding anything contained in Article 5.1 above, in the event the contracted capacity of the Open Access User has been accommodated through a congested corridor of the network, the Open Access User shall pay congestion charges as provided in the Regulations and relevant orders of the Commission. 5.3 . ___PDCL shall provide to the Open Access User an Invoice drawn up as specified in Schedule-II and based upon; (a) meter reading taken pursuant to Article 7 herein and in accordance with the Regulations. (b) the charges/tariff determined by the Commission from time to time, in accordance with the provisions of the Act and Regulations. 5.4 . The periodicity of the invoice will be monthly. 5.5 . Each monthly Invoice shall be payable by Open Access User in accordance with this Agreement on or before the due date indicated in such invoice, which will be 15 (fifteen) days from the date of presentation of Invoice to the Open Access User. 5.6 . The Supplementary Invoice will include, but not limited to the following: (a) Statutory duties, taxes, cess, levies, royalty etc. (b) Any claim of Government of India, State Government, local authorities, or bodies etc. (c) Any other claim admissible under this agreement. The Supplementary Invoice shall be payable within 15 (fifteen) days from the date of presentation of the Invoice to the User. 5.7 . Payment of Invoice and Supplementary Invoice shall be made on or before the due date either by (a) bank draft or (b) Directly credited to APTRANSCO / DISCOMs account by RTGS / NEFT (c) through irrevocable revolving Letter of Credit (LC), issued by a schedule bank as specified in Schedule-II.

Invoice and Payments. 5.1 For Transmission / and Wheeling Services provided to a Open Access User under this Agreement, the PDCL/APTRANSCO PDCL will charge and bill xxxx the Open Access User as per the Regulation and the Open Access User shall paypay PDCL in accordance with the rates/charges specified by the Commission, on the basis of the settlement statement determined as per the Balancing and Settlement Code in force. In the event of the usage of the transmission system of APTRANSCO along with the distribution system of PDCL by the Open Access User, PDCL shall pass on the appropriate charges to APTRANSCO within 15 days of the receipt of the charges by PDCL as per the Rules and Regulations in force. 5.2 Notwithstanding anything contained in Article 5.1 above, in the event the contracted capacity of the Open Access User has been accommodated through a congested corridor of the network, the Open Access User shall pay congestion charges as provided in the Regulations and relevant orders of the Commission. 5.3 PDCL shall provide to the Open Access User an Invoice drawn up as specified in Schedule-II and based upon; (a) meter reading taken pursuant to Article 7 herein and in accordance with the Regulations. (b) the charges/tariff determined by the Commission from time to time, in accordance with the provisions of the Act and Regulations. 5.4 The periodicity of the invoice will be monthly. 5.5 Each monthly Invoice shall be payable by Open Access User in accordance with this Agreement on or before the due date indicated in such invoice, which will be 15 (fifteen) days from the date of presentation of Invoice to the Open Access User. 5.6 The Supplementary Invoice will include, but not limited to the following: (a) Statutory duties, taxes, cess, levies, royalty etc. (b) Any claim of Government of India, State Government, local authorities, or bodies etc. (c) Any other claim admissible under this agreement. The Supplementary Invoice shall be payable within 15 (fifteen) days from the date of presentation of the Invoice to the User. 5.7 Payment of Invoice and Supplementary Invoice shall be made on or before the due date either by (a) bank draft or (b) Directly credited to APTRANSCO / DISCOMs account by RTGS / NEFT (c) through irrevocable revolving Letter of Credit (LC)Credit, issued by a schedule public sector bank as specified in Schedule-II.

Invoice and Payments. 5.1 For Transmission transmission / Wheeling Services wheeling and banking services provided to a Open Access User the banking facility user under this Agreementagreement, the PDCL/APTRANSCO will DISCOM shall charge and bill the Open Access User banking facility user for all charges as per specified in clause 17 and Appendix - 3 of the Regulation regulation as applicable and the Open Access User banking facility user shall paypay DISCOM in accordance with the rates / charges specified by the Commission or the nodal agency (in case of congestion) from time to time, on the basis of the settlement statement determined in accordance with the balancing and settlement code approved by the Commission as amended from time to time. In the event of the usage of the transmission system of TSTRANSCO along with the distribution system of the DISCOM by the banking facility user, the DISCOM shall pass on the appropriate charges to TSTRANSCO within 15 days of the receipt of the charges by the DISCOM, in accordance with Clause 18 of the Regulation. 5.2 Notwithstanding anything contained in Article 5.1 above, in the event the contracted capacity of the Open Access User banking facility user has been accommodated through a congested corridor of the network, the Open Access User banking facility user then shall pay congestion charges as provided in the Regulations and relevant orders Clause 9.3.1 of the Commission.Regulation. Invoice: 5.3 PDCL DISCOM shall provide to the Open Access User banking facility user an Invoice drawn up as specified in Schedule-II and invoice based upon;on the following: (a) meter Meter reading taken pursuant to Article 7 herein and in accordance with Clauses 18.5 and 18.6 of the RegulationsRegulation and the balancing and settlement code. (b) the charges/The charges / tariff determined by the Commission from time to time, in accordance with the provisions of the Act Act, 2003 and Regulationsapplicable regulations. 5.4 The periodicity of the invoice will be monthly. Supplementary Invoice: 5.5 Any amount due to TSTRANSCO or DISCOM under this agreement other than the amount set out under the Iinvoice shall be payable within 15 (fifteen) days from the date of presentation of a supplementary invoice to the user. The supplementary invoice will include, but not be limited to the following: (a) statutory duties, taxes, cess, levies, royalty, etc; (b) any claim of Government of India, State Government, local authorities, or bodies etc. 5.5 (c) any other claim admissible under this agreement. 5.6 Each monthly Invoice invoice shall be payable by Open Access User banking facility user in accordance with this Agreement agreement on or before the due date indicated in such invoice, which will be 15 (fifteen) days from the date of presentation of Invoice invoice to the Open Access User. 5.6 The Supplementary Invoice will include, but not limited to the following: (a) Statutory duties, taxes, cess, levies, royalty etc. (b) Any claim of Government of India, State Government, local authorities, or bodies etc. (c) Any other claim admissible under this agreement. The Supplementary Invoice shall be payable within 15 (fifteen) days from the date of presentation of the Invoice to the Userbanking facility user. 5.7 Payment of Invoice invoice and Supplementary Invoice supplementary invoice shall be made on or before the due date either by (a) bank draft or (b) Directly credited to APTRANSCO / DISCOMs account by RTGS / NEFT (c) through irrevocable revolving Letter letter of Credit (LC)credit, issued by a schedule bank public sector bank. Payment Security Mechanism: 5.8 The payment security mechanism specified hereunder is intended to ensure recovery of the applicable payments in case of a payment default and not as a mechanism for regular payments. 5.9 The banking facility user shall as a payment security, deposit with the DISCOM in advance, in cash or by means of a demand draft issued by a public sector bank, an amount equal to estimated billing based on the appropriate charges, including transmission, wheeling and banking charges and any other applicable charges, as specified under this Agreement, and as determined by the Commission from time to time, and notified in Schedule-IIthe relevant tariff order or otherwise, and as per the conditions stipulated therein, payable by the user to the DISCOM (invoicing agency) for a period of two months. 5.10 The DISCOM shall also be entitled to security from the generating company for the imbalance in supply and consumption of electricity equivalent to the number of days for which the agreement is entered into, subject to a maximum of ten days, the cost of supply for electricity wheeled using the distribution system of the DISCOM in accordance with the Act, the DISCOM general terms and conditions of supply (GTCS) and this agreement. This security can be provided by the generating company in the form of advance deposit of required amount or by opening an irrevocable letter of credit having validity for a period of 30 days over and above the agreement period. 5.11 The LC / BG shall be opened prior to the commencement of banking transaction and shall be valid for the entire duration of the transaction. Failure to provide the LC / BG as mentioned in referred Articles 5.7 & 5.9 herein above shall entail forfeiture of the allotment of capacity and TSTRANSCO / DISCOM shall not be obliged to commence banking services till such LC / BG is opened. 5.12 The LC shall be negotiable by the DISCOM, on the basis of the “Schedule of the Payment” and shall be encashed under intimation to the user, as and when the user fails to remit the payment in full by its due date. The user / banking facility user shall promptly replenish the LC within 7 days. 5.13 Any failure on the part of the banking facility user to pay all or any portion of an invoice issued by DISCOM, shall constitute a valid ground for TSTRANSCO and / or DISCOM to terminate such transmission, wheeling and / or banking service forthwith on intimation to the user, as also to take such measures as prescribed under this agreement and as per the applicable law. 5.14 The DISCOM as a procurer of balance power of the banked energy shall as a payment security, deposit with the banking facility user in advance, by cash, means of a demand draft or a bank guarantee issued by a public sector bank, an amount equal to estimated charges towards billing based on the one month generation of the contracted capacity at normative PLF determined by the Commission and on the basis of the average pooled purchase cost of the previous year as determined by the Commission. This BG shall be valid for a year and shall be renewed every year by the DISCOM 15 days prior to the start of the next financial year.

Invoice and Payments. 5.1 For Transmission / Wheeling Services provided to a Open Access User under this Agreement, the _PDCL/APTRANSCO will charge and bill xxxx the Open Access User as per the Regulation and the Open Access User shall paypay _PDCL/APTRANSCO in accordance with the rates/charges specified by the Commission, on the basis of the settlement statement determined as per the Balancing and Settlement Code in force. 5.2 Notwithstanding anything contained in Article 5.1 above, in the event the contracted capacity of the Open Access User has been accommodated through a congested corridor of the network, the Open Access User shall pay congestion charges as provided in the Regulations and relevant orders of the Commission. 5.3 PDCL shall provide to the Open Access User an Invoice drawn up as specified in Schedule-II and based upon; (a) meter reading taken pursuant to Article 7 herein and in accordance with the Regulations. (b) the charges/tariff determined by the Commission from time to time, in accordance with the provisions of the Act and Regulations. 5.4 The periodicity of the invoice will be monthly. 5.5 Each monthly Invoice shall be payable by Open Access User in accordance with this Agreement on or before the due date indicated in such invoice, which will be 15 (fifteen) days from the date of presentation of Invoice to the Open Access User. 5.6 The Supplementary Invoice will include, but not limited to the following: (a) Statutory duties, taxes, cess, levies, royalty etc. (b) Any claim of Government of India, State Government, local authorities, or bodies etc. (c) Any other claim admissible under this agreement. The Supplementary Invoice shall be payable within 15 (fifteen) days from the date of presentation of the Invoice to the User. 5.7 Payment of Invoice and Supplementary Invoice shall be made on or before the due date either by (a) bank draft or (b) Directly credited to APTRANSCO / DISCOMs account Account by RTGS / NEFT (c) through irrevocable revolving Letter of Credit (LC), issued by a schedule bank as specified in Schedule-II.

Invoice and Payments. 5.1 For Transmission / Wheeling Services provided to a Open Access User under this Agreement, the PDCL/APTRANSCO will charge and bill xxxx the Open Access User as per the Regulation and the Open Access User shall paypay PDCL/APTRANSCO in accordance with the rates/charges specified by the Commission, on the basis of the settlement statement determined as per the Balancing and Settlement Code in force. 5.2 Notwithstanding anything contained in Article 5.1 above, in the event the contracted capacity of the Open Access User has been accommodated through a congested corridor of the network, the Open Access User shall pay congestion charges as provided in the Regulations and relevant orders of the Commission. 5.3 PDCL shall provide to the Open Access User an Invoice drawn up as specified in Schedule-II and based upon; (a) meter reading taken pursuant to Article 7 herein and in accordance with the Regulations. (b) the charges/tariff determined by the Commission from time to time, in accordance with the provisions of the Act and Regulations. 5.4 The periodicity of the invoice will be monthly. 5.5 Each monthly Invoice shall be payable by Open Access User in accordance with this Agreement on or before the due date indicated in such invoice, which will be 15 (fifteen) days from the date of presentation of Invoice to the Open Access User. 5.6 The Supplementary Invoice will include, but not limited to the following: (a) Statutory duties, taxes, cess, levies, royalty etc. (b) Any claim of Government of India, State Government, local authorities, or bodies etc. (c) Any other claim admissible under this agreement. The Supplementary Invoice shall be payable within 15 (fifteen) days from the date of presentation of the Invoice to the User. 5.7 Payment of Invoice and Supplementary Invoice shall be made on or before the due date either by (a) bank draft or (b) Directly credited to APTRANSCO / DISCOMs account Account by RTGS / NEFT (c) through irrevocable revolving Letter of Credit (LC), issued by a schedule bank as specified in Schedule-II.

Invoice and Payments. 5.1 For Transmission / Wheeling Services provided to a Open Access User under this Agreement, the PDCL/APTRANSCO will charge and bill xxxx the Open Access User as per the Regulation and the Open Access User shall pay 5.2 Notwithstanding anything contained in Article 5.1 above, in the event the contracted capacity of the Open Access User has been accommodated through a congested corridor of the network, the Open Access User shall pay congestion charges as provided in the Regulations and relevant orders of the Commission. 5.3 PDCL shall provide to the Open Access User an Invoice drawn up as specified in Schedule-II and based upon; (a) meter reading taken pursuant to Article 7 herein and in accordance with the Regulations. (b) the charges/tariff determined by the Commission from time to time, in accordance with the provisions of the Act and Regulations. 5.4 The periodicity of the invoice will be monthly. 5.5 Each monthly Invoice shall be payable by Open Access User in accordance with this Agreement on or before the due date indicated in such invoice, which will be 15 (fifteen) days from the date of presentation of Invoice to the Open Access User. 5.6 The Supplementary Invoice will include, but not limited to the following: (a) Statutory duties, taxes, cess, levies, royalty etc. (b) Any claim of Government of India, State Government, local authorities, or bodies etc. (c) Any other claim admissible under this agreement. The Supplementary Invoice shall be payable within 15 (fifteen) days from the date of presentation of the Invoice to the User. 5.7 Payment of Invoice and Supplementary Invoice shall be made on or before the due date either by (a) bank draft or (b) Directly credited to APTRANSCO / DISCOMs account by RTGS / NEFT (c) through irrevocable revolving Letter of Credit (LC), issued by a schedule bank as specified in Schedule-II.