Common use of Invoice and Payments Clause in Contracts

Invoice and Payments. Within fifteen (15) days following the close of each Billing Month, Seller shall send Buyer a detailed invoice setting forth all charges for Thermal Energy delivered to Buyer by Seller during such calendar month. Payment, less any credits or rebates due to Buyer pursuant to this Agreement, will be due and payable within thirty (30) days of receipt by Buyer of the invoice from Seller, or the first business day following such day if such day is not a business day. Buyer shall have the right at reasonable hours to examine the testing records and meter reading charts of Seller to the extent reasonably necessary to verify the accuracy of any invoice. If any such examination reveals any error or inaccuracy in Seller's invoice, than proper adjustment and correction thereof shall be made as promptly as practicable thereafter.