Common use of Invoice for Liquidated Damages Clause in Contracts

Invoice for Liquidated Damages. If Liquidated Damages accrue under this Agreement or moneys are otherwise due from Resource Provider to PREPA in accordance with this Agreement, PREPA shall provide Resource Provider with a written invoice for such Liquidated Damages or amounts, showing the basis for the calculation of the amounts payable by Resource Provider thereunder. Resource Provider shall use reasonable efforts to review each invoice and notify Resource Provider of any invoicing issues within ten (10) Business Days after receipt thereof. Resource Provider shall remit payment of amounts owed under such invoice no later than thirty (30) Days after Resource Provider’s receipt of such invoice (including in the event of a disputed invoice). If Resource Provider does not pay the full amount of any such invoice when due, any unpaid amount thereof shall bear Interest, from the Day following the due date until, but excluding the relevant payment date.

Invoice for Liquidated Damages. a. If Liquidated Damages accrue under this Agreement or moneys are otherwise due from Resource Provider to PREPA in accordance with this Agreement, PREPA shall provide Resource Provider with a written invoice for such Liquidated Damages or amounts, showing the basis for the calculation of the amounts payable by Resource Provider thereunder. Resource Provider shall use reasonable efforts to review each invoice and notify Resource Provider of any invoicing issues within ten thirty (1030) Business Days after receipt thereof. Resource Provider shall remit payment of amounts owed under such invoice no later than thirty (30) Days after Resource Provider’s receipt of such invoice (including in the event of a disputed invoice). If Resource Provider does not pay the full amount of any such invoice when due, any unpaid amount thereof shall bear Interest, from the Day following the due date until, but excluding the relevant payment date.