Invoicing and payment conditions. 1. The Allocation Platform shall issue invoices for payments for all Daily Transmission Rights on a monthly basis and no later than the tenth (10th) Working Day of each month for the Auctions of the month preceding. 2. The invoices shall be issued for the following payments: (a) the amount due set forth in Article 51(2); (b) any relevant taxes and levies subject to Article 52. 3. The Allocation Platform shall send the invoice only by email to the Registered Participant at the email address of the financial contact person submitted in accordance with Article 8(h) or it should make it available to the Registered Participant via the Auction Tool. The date of issuance of the invoice shall be the date on which the email is sent or the date when the invoice is made available via the Auction Tool if this is done during Working Hours or the next day if sent after Working Hours. 4. In the cases of curtailment of Daily Transmission Rights, the invoices shall take into account any payments to be credited to the Registered Participant. The payments to be credited to the Registered Participants shall: (a) be settled through self-billing mechanism which shall allow the Allocation Platform to issue invoices in the name and on behalf of the Registered Participant; and (b) be notified through the same invoice as the one used for the payments of the Registered Participant as set forth in paragraph 2 of this Article. 5. The payments due shall be netted by the Allocation Platform taking into account the amount as set forth in paragraph 2 and 4 of this Article. 6. If the balance of the payments as set forth in paragraph 2 and 4 of this Article results in a net payment from the Registered Participant to the Allocation Platform, the Registered Participant shall settle this balance within five (5) Working Days after the date of issuance of the invoice. 7. Payments by the Registered Participant as set forth in paragraph 6 of this Article shall be collected as follows: (a) based on the standard procedure, the Allocation Platform shall collect the payment automatically from the dedicated Business Account of the Registered Participant on the respective due date of the invoice; or (b) alternatively, the Registered Participant shall ensure payment through a non- automated transaction to the account of the Allocation Platform specified on the invoice by indicating the invoice reference. The alternative procedure may be used upon request of the Registered Participant and with the consent of the Allocation Platform. The Registered Participant shall notify the Allocation Platform by email the request to use the alternative procedure at least two (2) Working Days before the date of issuing of the next invoice as set forth in paragraph 1 of this Article. Once the alternative procedure is agreed, it shall be deemed to be valid until otherwise agreed between the Registered Participant and the Allocation Platform. 8. If the balance of the payments as set forth in paragraph 2 and 4 of this Article results in a net payment from the Allocation Platform to the Registered Participant, the Allocation Platform shall pay this balance within seven (7) Working Days after the date of issuance of the invoice to the bank account as announced during the accession process in accordance with Article 8 paragraph 1(g) by the Registered Participant who is entitled to the payments at the due date. 9. Upon the collection of the payment as set forth in paragraph 7 of this Article, the Allocation Platform shall update the Credit Limit accordingly. 10. In case of an erroneous invoice resulting in an additional payment of the Allocation Platform or the Registered Participant the Allocation Platform shall correct the invoice and any due amount shall be settled as soon as they have been notified to Registered Participant. 11. Bank fees of the payer’s bank shall be covered by the payer. Bank fees of the receiving bank shall be covered by the beneficiary. Bank fees of any intermediary bank, shall be covered by the Registered Participant. 12. The Registered Participant shall not be entitled to offset any amount, or withhold any debts arising in connection with obligations resulting from an Auction, against any claims towards the Allocation Platform, whether or not arising out of an Auction. Nevertheless, the right to offset and the right to withhold are not excluded in case the Registered Participant’s claim against Allocation Platform is established by a legally binding judgement or is uncontested.

Appears in 6 contracts

Samples: Rules for Explicit Daily Capacity Allocation, Rules for Explicit Daily Capacity Allocation, Rules for Explicit Daily Capacity Allocation

Invoicing and payment conditions. 1. Payments shall be settled before the start of the Product Period if the Auction timeline allows so. If the Cross Zonal Capacity product has a duration of more than one (1) month, each monthly instalment shall be settled in the second (2nd) month preceding the month of delivery, by the deadline specified in Auction Calendar, published on Allocation Platform website. 2. The Allocation Platform shall issue invoices for payments for all ~~Daily~~ Long Term Transmission Rights on a monthly basis ~~and no later than the tenth (10th) Working Day of each month for the Auctions of the month preceding~~in accordance with Auction Calendar, published on Allocation Platform website. 23. The invoices shall be issued for the following payments: (a) the amount of the monthly instalment(s) if the Long Term Transmission Right has a duration of more than a month as set forth in Article 63(4) and (5); (b) the amount due set forth in Article ~~51(2)~~63(2) if the Long Term Transmission Right has a duration equal to a month or less; (bc) if requested by the Registered Participant amounts for advanced payment of monthly instalments that would otherwise be settled with subsequent invoices; and (d) any relevant taxes and levies subject to Article 5264. 34. The Allocation Platform shall send the invoice ~~only~~ both by ~~email~~ e-mail and post to the Registered Participant at the ~~email~~ address of the financial contact person submitted in accordance with Article ~~8(h~~9(h) or it should make it available to the Registered Participant via the Auction Tool. The date of issuance of the invoice shall be the date on which the email is sent or the date when the invoice is made available via the Auction Tool if this is done during Working Hours or the next day if sent after Working Hours. 45. In the cases of curtailment of ~~Daily~~ Long Term Transmission Rights, the ~~invoices~~ Allocation Platform will issue a credit note for the reimbursement, not later than the tenth (10th) Working Day of the following month. In the cases of return of Long Term Transmission Rights according to Article 40 or remuneration of Long Term Transmission Rights according to Article 48, the Registered Participant shall ~~take into account any payments to be credited~~ issue invoice to the ~~Registered Participant~~Allocation Platform and submit it via email and in hard copy to the addresses published on the Allocation Platform website. 6. The payments to be credited to the Registered Participants shall: (a) be settled through self-billing mechanism which shall allow the Allocation Platform to issue invoices in the name and on behalf of the Registered Participant; and (b) be notified through the same invoice as the one used for the payments of the Registered Participant as set forth in paragraph 2 of this Article. 5. The payments due shall due: may be netted by the Allocation ~~Platform~~ Platform, upon request of Registered Participant, taking into account the amount as set forth in paragraph 2 3 and 4 5 of ~~this Article~~Article 65 of these Allocation Rules. 67. ~~If the balance of the payments as set forth in paragraph 2 and 4 of this Article results in a net payment from the Registered Participant to the Allocation Platform, the~~ The Registered Participant shall settle ~~this balance~~ payment obligations resulting from paragraph 3 or paragraph 6 of Article 65 of these Allocation Rules, within ~~five~~ ten (510) Working Days after the date of issuance of the invoice. 78. Payments by the Registered Participant as set forth in paragraph 6 7 of this Article shall be collected as follows: (a) based on the standard procedure, the Allocation Platform shall collect the payment automatically from the dedicated Business Account of the Registered Participant on the respective due date of the invoice; or (b) alternatively, the Registered Participant shall ensure payment through ~~a non- automated~~ transaction to the account of the Allocation Platform specified on the invoice by indicating the invoice reference. The alternative procedure may be used upon request of the Registered Participant and with the consent of the Allocation Platform. The Registered Participant shall notify the Allocation Platform by email the request to use the alternative procedure at least two (2) Working Days before the date of issuing of the next invoice as set forth in paragraph 1 of this Article. Once the alternative procedure is agreed, it shall be deemed to be valid until otherwise agreed between the Registered Participant and the Allocation Platform. 89. If the balance of the payments as set forth in paragraph 2 3 and 4 5 of this Article results in a net payment from the Allocation Platform to the Registered Participant, the Allocation Platform shall pay this balance within ~~seven (7~~fifteen(15) Working Days after the date of issuance of the invoice to the bank account as announced during the accession process in accordance with Article 8 9 paragraph 1(g) by the Registered Participant who is entitled to the payments at the due date. 910. Upon the collection of the payment as set forth in paragraph 7 8 of this Article, the Allocation Platform shall update the Credit Limit accordingly. 1011. In case of an erroneous invoice resulting in an additional payment of the Allocation Platform or the Registered Participant the Allocation Platform shall correct the invoice and any due amount shall be settled as soon as they have been notified to Registered Participant. 11. Bank fees of the payer’s bank shall be covered by the payer. Bank fees of the receiving bank shall be covered by the beneficiary. Bank fees of any intermediary bank, shall be covered by the Registered Participant. 12. The Registered Participant shall not be entitled to offset any amount, or withhold any debts arising in connection with obligations resulting from an Auction, against any claims towards the Allocation Platform, whether or not arising out of an Auction. Nevertheless, the right to offset and the right to withhold are not excluded in case the Registered Participant’s claim against Allocation Platform is established by a legally binding judgement or is uncontested.

Appears in 5 contracts

Samples: Allocation Rules for Forward Capacity Allocation, Allocation Rules for Forward Capacity Allocation, Allocation Rules for Forward Capacity Allocation

Invoicing and payment conditions. 1. Payments shall be settled before the start of the Product Period if the Auction timeline allows so. If the Cross Zonal Capacity product has a duration of more than one (1) month, each monthly instalment shall be settled before the start of each respective month if the Auction timeline allows so. If the settlement of an amount due for allocated Long Term Transmission Rights is not possible before the start of the Product Period then the payment will be settled at the next fixed invoice date. 2. The Allocation Platform shall issue invoices for payments for all ~~Daily~~ Long Term Transmission Rights on a monthly basis and no later than the tenth (10th) Working Day of each ~~month for the Auctions of the month preceding~~month. 23. The invoices shall be issued for the following payments: (a) the amount of the monthly instalment(s) if the Long Term Transmission Right has a duration of more than a month as set forth in Article 64(4) and Article 64(5); (b) the amount due set forth in Article ~~51(2)~~64(2) if the Long Term Transmission Right has a duration equal to a month or less; (bc) if requested by the Registered Participant amounts for advanced payment of monthly instalments that would otherwise be settled with subsequent invoices; and (d) any relevant taxes and levies subject to Article 5265. 34. The Allocation Platform shall send the invoice only by ~~email~~ e-mail to the Registered Participant at the ~~email~~ e-mail address of the financial contact person submitted in accordance with Article ~~8(h~~9(h) or it should make it available to the Registered Participant ~~via the~~ viathe Auction Tool. The date of issuance of the invoice shall be the date on which the email is sent or the date when the invoice is made available via the Auction Tool if this is done during Working Hours or the next day if sent after Working Hours. 45. In the cases of curtailment of ~~Daily~~ Long Term Transmission Rights, return of Long Term Transmission Rights according to Article 40 or remuneration of Long Term Transmission Rights according to Article 48, the invoices shall take into account any payments to be credited to the Registered Participant. The payments to be credited to the Registered Participants shall: (a) be settled through ~~self-~~self billing mechanism which shall allow the Allocation Platform to issue invoices in the name and on behalf of the Registered Participant; and (b) be notified through the same invoice as the one used for the payments of the Registered Participant as set forth in paragraph 2 3 of this Article. 56. The payments due shall be netted by the Allocation Platform taking into account the amount as set forth in paragraph 2 3 and 4 5 of this Article. 67. If the balance of the payments as set forth in paragraph 2 3 and 4 5 of this Article results in a net payment from the Registered Participant to the Allocation Platform, the Registered Participant shall settle this balance within five (5) Working Days after the date of issuance of the invoice. 78. Payments by the Registered Participant as set forth in paragraph 6 7 of this Article shall be collected as follows: (a) based on the standard procedure, the Allocation Platform shall collect the payment automatically from the dedicated Business Account of the Registered Participant on the respective due date of the invoice; or (b) alternatively, the Registered Participant shall ensure payment through a non- automated transaction to the account of the Allocation Platform specified on the invoice by indicating the invoice reference. The alternative procedure may be used upon request of the Registered Participant and with the consent of the Allocation Platform. The Registered Participant shall notify the Allocation Platform by email the request to use the alternative procedure at least two (2) Working Days before the date of issuing of the next invoice as set forth in paragraph 1 2 of this Article. Once the alternative procedure is agreed, it shall be deemed to be valid until otherwise agreed between the Registered Participant and the Allocation Platform. 89. If the balance of the payments as set forth in paragraph 2 3 and 4 5 of this Article results in a net payment from the Allocation Platform to the Registered Participant, the Allocation Platform shall pay this balance within seven (7) Working Days after the date of issuance of the invoice to the bank account as announced during the accession process in accordance with Article 8 9 paragraph 1(g) by the Registered Participant who is entitled to the payments at the due date. 910. Upon the collection of the payment as set forth in paragraph 7 8 of this Article, the Allocation Platform shall update the Credit Limit accordingly. 1011. In case of an erroneous invoice resulting in an additional payment of the Allocation Platform or the Registered Participant the Allocation Platform shall correct the invoice and any due amount shall be settled as soon as they have been notified to Registered Participant. 1112. Bank fees of the payer’s bank shall be covered by the payer. Bank fees of the receiving bank shall be covered by the beneficiary. Bank fees of any intermediary bank, shall be covered by the Registered Participant. 1213. The Registered Participant shall not be entitled to offset any amount, or withhold any debts arising in connection with obligations resulting from an Auction, against any claims towards the Allocation Platform, whether or not arising out of an Auction. Nevertheless, the right to offset and the right to withhold are not excluded in case the Registered Participant’s claim against Allocation Platform is established by a legally binding judgement or is uncontested.

Appears in 5 contracts

Samples: Allocation Rules for Forward Capacity Allocation, Allocation Rules for Forward Capacity Allocation, Allocation Rules for Forward Capacity Allocation

Invoicing and payment conditions. 1. The Allocation Platform shall issue invoices for payments for all Daily Transmission Rights on a monthly basis and no later than the tenth (10th) Working Day of each month for the Auctions of the month preceding. 2. The invoices shall be issued for the following payments: (a) the amount due set forth in Article ~~51(2~~47(2); (b) any relevant taxes and levies subject to Article 5248. 3. The Allocation Platform shall send the invoice ~~only~~ by both, email and post, to the Registered Participant at the email and address of the financial contact person submitted in accordance with Article ~~8(h~~8 (1)(h) or it should make it available to the Registered Participant via the Auction Tool. The date of issuance of the invoice shall be the date on which the email is sent or the date when the invoice is made available via the Auction Tool if this is done during Working Hours or the next day if sent after Working Hours. 4. In the cases of curtailment of Daily Transmission Rights, the invoices shall take into account any payments to be credited to the Registered Participant. The payments to be credited to the Registered Participants shall: (a) be settled through self-billing mechanism which shall allow the Allocation Platform to issue invoices in the name and on behalf of the Registered Participant; and (b) be notified through the same invoice as the one used for the payments of the Registered Participant as set forth in paragraph 2 of this Article. 5. The payments due ~~shall~~ may be netted by the Allocation Platform upon the request of the Registered Participant, taking into account the amount as set forth in paragraph 2 and 4 of this Article. 65. ~~If the balance of the payments as set forth in paragraph 2 and 4 of this Article results in a net payment from the Registered Participant to the Allocation Platform, the~~ The Registered Participant shall settle payment obligations resulting from paragraph 2 or paragraph 5 of this ~~balance~~ Article, within ~~five~~ ten (510) Working Days after the date of issuance of the invoice. 76. Payments by the Registered Participant as set forth in paragraph 6 of this Article shall be ~~collected as follows: (a) based on~~ settled to the ~~standard procedure, the Allocation Platform shall collect the payment automatically from the dedicated~~ Business Account ~~of the Registered Participant on the respective due date of the invoice; or (b) alternatively, the Registered Participant shall ensure payment through a non- automated transaction to the account~~ of the Allocation Platform specified on the invoice by indicating the invoice reference. 7. The ~~alternative procedure may be used upon request of the Registered Participant and with the consent of the Allocation Platform. The Registered Participant shall notify the~~ Allocation Platform ~~by email the request to use the alternative procedure at least two (2) Working Days before the date of issuing of the next invoice as set forth in~~ shall settle its payment obligations resulting from paragraph 1 of this Article. Once the alternative procedure is agreed, it shall be deemed to be valid until otherwise agreed between the Registered Participant and the Allocation Platform. 8. If the balance of the payments as set forth in 4 or paragraph ~~2 and 4~~ 5 of this Article ~~results in a net payment from the Allocation Platform to the Registered Participant, the Allocation Platform shall pay this balance~~ within ~~seven~~ fifteen (715) Working Days after the date of ~~issuance~~ its receipt of the ~~invoice~~ invoice, by way of payment of the due amount to the bank account as announced during the accession process in accordance with Article 8 paragraph 1(g) by the Registered Participant who is entitled to the payments at the due date. 98. Upon the collection of the payment as set forth in paragraph 7 of this Article, the Allocation Platform shall update the Credit Limit accordingly. 109. In case of an erroneous invoice resulting in an additional payment of the Allocation Platform or the Registered ~~Participant~~ Participant, the Allocation Platform shall correct the invoice and any due amount shall be settled as soon as they have been notified to the Registered Participant. 1110. ~~Bank~~ All bank fees ~~of the payer’s bank shall be covered by the payer. Bank fees of the receiving bank shall be covered by the beneficiary. Bank fees of any intermediary bank,~~ shall be covered by the Registered Participant. 1211. The Registered Participant shall not be entitled to offset any amount, or withhold any debts arising in connection with obligations resulting from an Auction, against any claims towards the Allocation Platform, whether or not arising out of an Auction. Nevertheless, the right to offset and the right to withhold are not excluded in case the Registered Participant’s claim against Allocation Platform is established by a legally binding judgement or is uncontested.

Appears in 3 contracts

Samples: Rules for Explicit Daily Capacity Allocation on Bidding Zone Borders Serviced by See Cao, Rules for Explicit Daily Capacity Allocation on Bidding Zone Borders Serviced by See Cao, Rules for Explicit Daily Capacity Allocation on Bidding Zone Borders Serviced by See Cao

Invoicing and payment conditions. 1. Payments shall be settled before the start of the Product Period if the Auction timeline allows so. If the Cross Zonal Capacity product has a duration of more than one (1) month, each monthly instalment shall be settled before the start of each respective month if the Auction timeline allows so. If the settlement of an amount due for allocated Long Term Transmission Rights is not possible before the start of the Product Period then the payment will be settled at the next fixed invoice date. 2. The Allocation Platform shall issue invoices for payments for all ~~Daily~~ Long Term Transmission Rights on a monthly basis and no later than the tenth (10th) Working Day of each ~~month for the Auctions of the month preceding~~month. 23. The invoices shall be issued for the following payments: (a) the amount of the monthly instalment(s) if the Long Term Transmission Right has a duration of more than a month as set forth in Article 63(4) and (5); (b) the amount due set forth in Article ~~51(2)~~63(2) if the Long Term Transmission Right has a duration equal to a month or less; (bc) if requested by the Registered Participant amounts for advanced payment of monthly instalments that would otherwise be settled with subsequent invoices; and (d) any relevant taxes and levies subject to Article 5264. 34. The Allocation Platform shall send the invoice only by ~~email~~ e-mail to the Registered Participant at the ~~email~~ e-mail address of the financial contact person submitted in accordance with Article ~~8(h~~9(h) or it should make it available to the Registered Participant via the Auction Tool. The date of issuance of the invoice shall be the date on which the email is sent or the date when the invoice is made available via the Auction Tool if this is done during Working Hours or the next day if sent after Working Hours. 45. In the cases of curtailment of ~~Daily~~ Long Term Transmission Rights, return of Long Term Transmission Rights according to Article 40 or remuneration of Long Term Transmission Rights according to Article 48, the invoices shall take into account any payments to be credited to the Registered Participant. The payments to be credited to the Registered Participants shall: (a) be settled through ~~self-~~self billing mechanism which shall allow the Allocation Platform to issue invoices in the name and on behalf of the Registered Participant; and (b) be notified through the same invoice as the one used for the payments of the Registered Participant as set forth in paragraph 2 3 of this Article. 56. Where compensations are due to the Registered Participant in respect of curtailment of Long Term Transmission Rights and are subject to a cap set forth in Article 59(2), such compensations shall be settled with the first invoice to be issued after the end of the relevant month and subject to a cap determined as the total amount of Congestion Income collected by the concerned TSOs on the Bidding Zone border in the relevant month, deducting all remunerations paid according to Article 40 and Article 48 and compensations paid according to Article 60 and where applicable Article 61 for the considered month. The total amount of Congestion Income in one month is defined as the sum of a twelfth of the revenues raised at yearly Auction on the concerned Bidding Zone Border and the revenues generated by the monthly Auction and Congestion Income from other timeframes which occurred during this month on the concerned Bidding Zone border. 7. An invoice shall be issued after the end of the relevant period over which caps on compensation are calculated in accordance with Article 59(2), reconciling any discrepancy between the compensations paid out on a monthly basis and the compensations required to be paid out in accordance with Article 59(2). In the case of default of a market participant, TSO cost recovery shall be ensured by relevant NRAs in accordance with the applicable legislation. 8. The payments due shall be netted by the Allocation Platform taking into account the amount as set forth in paragraph 2 3 and 4 5 of this Article. 69. If the balance of the payments as set forth in paragraph 2 3 and 4 5 of this Article results in a net payment from the Registered Participant to the Allocation Platform, the Registered Participant shall settle this balance within five (5) Working Days after the date of issuance of the invoice. 710. Payments by the Registered Participant as set forth in paragraph 6 7 of this Article shall be collected as follows: (a) based on the standard procedure, the Allocation Platform shall collect the payment automatically from the dedicated Business Account of the Registered Participant on the respective due date of the invoice; or (b) alternatively, the Registered Participant shall ensure payment through a non- automated transaction to the account of the Allocation Platform specified on the invoice by indicating the invoice reference. The alternative procedure may be used upon request of the Registered Participant and with the consent of the Allocation Platform. The Registered Participant shall notify the Allocation Platform by email the request to use the alternative procedure at least two (2) Working Days before the date of issuing of the next invoice as set forth in paragraph 1 2 of this Article. Once the alternative procedure is agreed, it shall be deemed to be valid until otherwise agreed between the Registered Participant and the Allocation Platform. 811. If the balance of the payments as set forth in paragraph 2 3 and 4 5 of this Article results in a net payment from the Allocation Platform to the Registered Participant, the Allocation Platform shall pay this balance within seven (7) Working Days after the date of issuance of the invoice to the bank account as announced during the accession process in accordance with Article 8 9 paragraph 1(g) by the Registered Participant who is entitled to the payments at the due date. 912. Upon the collection of the payment as set forth in paragraph 7 8 of this Article, the Allocation Platform shall update the Credit Limit accordingly. 1013. In case of an erroneous invoice resulting in an additional payment of the Allocation Platform or the Registered Participant the Allocation Platform shall correct the invoice and any due amount shall be settled as soon as they have been notified to Registered Participant. 1114. Bank fees of the payer’s bank shall be covered by the payer. Bank fees of the receiving bank shall be covered by the beneficiary. Bank fees of any intermediary bank, shall be covered by the Registered Participant. 1215. The Registered Participant shall not be entitled to offset any amount, or withhold any debts arising in connection with obligations resulting from an Auction, against any claims towards the Allocation Platform, whether or not arising out of an Auction. Nevertheless, the right to offset and the right to withhold are not excluded in case the Registered Participant’s claim against Allocation Platform is established by a legally binding judgement or is uncontested.

Appears in 3 contracts

Samples: Allocation Rules for Forward Capacity Allocation, Allocation Rules for Forward Capacity Allocation, Allocation Rules for Forward Capacity Allocation

Invoicing and payment conditions. 1. The Allocation Platform shall issue invoices for payments for all ~~Daily~~ Transmission Rights on a monthly basis and no later than the tenth (10th) Working Day of each month for the Auctions with delivery period of the month preceding. 2~~. The invoices shall be issued for the following payments: (a) the amount due set forth in Article 51(2); (b) any relevant taxes and levies subject to Article 52. 3~~. The Allocation Platform shall send the invoice only by ~~email~~ e-mail to the Registered Participant at the ~~email~~ e-mail address of the financial contact person submitted in accordance with Article 8(h) or it should make it available to the Registered Participant via the Auction Tool. The date of issuance of the invoice shall be the date on which the email is sent ~~or the date when the invoice is made available via the Auction Tool~~ if this is done during Working Hours or the next day if sent after Working Hours. 43. In the cases of curtailment of ~~Daily~~ Transmission ~~Rights,~~ Rights the invoices shall take into account any payments to be credited to the Registered Participant. The payments to be credited to the Registered Participants shall: (a) be settled through self-billing mechanism which shall allow the Allocation Platform to issue invoices in the name and on behalf of the Registered Participant; and (b) be notified through the same invoice as the one used for the payments of the Registered Participant as set forth in paragraph 2 of this Article.; 54. The payments due shall be netted ~~by the Allocation Platform~~ taking into account the amount as set forth in paragraph 2 1 and 4 3 of this Article. 65. If the balance of the payments as set forth in paragraph ~~2 and~~ 4 of this Article results in a net payment from the Registered Participant to the Allocation Platform, the Registered Participant shall settle this balance within five (5) Working Days after the date of issuance of the invoice. 76. Payments by the Registered Participant as set forth in paragraph 6 5 of this Article shall be collected as follows: (a) ~~based~~ Based on the standard procedure, the Allocation Platform shall collect the payment automatically from the dedicated Business Account of the Registered Participant on the respective due date of the invoice; or (b) alternatively, the Registered Participant shall ensure payment through a ~~non-~~ non-automated transaction to the account of the Allocation Platform specified on the invoice by indicating the invoice reference. The alternative procedure may be used upon request of the Registered Participant and with the consent of the Allocation Platform. The Registered Participant shall notify the Allocation Platform by email the request to use the alternative procedure at least two (2) Working Days before the date of issuing of the next invoice as set forth in paragraph 1 of this Article. Once the alternative procedure is agreed, it shall be deemed to be valid until otherwise agreed between the Registered Participant and the Allocation Platform. 87. If the balance of the payments as set forth in paragraph 2 1 and 4 3 of this Article results in a net payment from the Allocation Platform to the Registered Participant, the Allocation Platform shall pay this balance within seven (7) Working Days after the date of issuance of the invoice to the bank account as announced during the accession process in accordance with Article 8 paragraph 1(g) by the Registered Participant who is entitled to the payments at the due date. 98. Upon the collection of the payment as set forth in paragraph 7 6 of this Article, the Allocation Platform shall update the Credit Limit accordingly. 109. In case of an erroneous invoice resulting in an additional payment of the Allocation Platform or the Registered Participant the Allocation Platform shall correct the invoice and any due amount shall be settled as soon as they have been notified to Registered Participant. 1110. Bank fees of the payer’s bank shall be covered by the payer. Bank fees of the receiving bank shall be covered by the beneficiary. Bank fees of any intermediary bank, shall be covered by the Registered Participant. 1211. The Registered Participant shall not be entitled to offset any amount, or withhold any debts arising in connection with obligations resulting from an Auction, against any claims towards the Allocation Platform, whether or not arising out of an Auction. Nevertheless, the right to offset and the right to withhold are not excluded in case the Registered Participant’s claim against Allocation Platform is established by a legally binding judgement or is uncontested.

Appears in 3 contracts

Samples: Access Rules for Intraday Capacity Allocation, Allocation Rules for Intraday Capacity Allocation, Allocation Rules for Intraday Capacity Allocation

Invoicing and payment conditions. 1. The Allocation Platform shall issue invoices for payments for all Daily Transmission Rights on a monthly basis and no later than the tenth (10th) Working Day of each month for the Auctions of the month preceding. 2. The invoices shall be issued for the following payments: (a) the amount due set forth in Article 51(2); (b) any relevant taxes and levies subject to Article 52. 3. The Allocation Platform shall send the invoice only by email to the Registered Participant at the email address of the financial contact person submitted in accordance with Article 8(h) or it should make it available to the Registered Participant via the Auction Tool. The date of issuance of the invoice shall be the date on which the email is sent or the date when the invoice is made available via the Auction Tool if this is done during Working Hours or the next ~~day~~ Working Day if sent after Working Hours. 4. In the cases of curtailment of Daily Transmission Rights, the invoices shall take into account any payments to be credited to the Registered Participant. The payments to be credited to the Registered Participants shall: (a) be settled through self-billing mechanism which shall allow the Allocation Platform to issue invoices in the name and on behalf of the Registered Participant; and (b) be notified through the same invoice as the one used for the payments of the Registered Participant as set forth in paragraph 2 of this Article. 5. The payments due shall be netted by the Allocation Platform taking into account the amount as set forth in paragraph 2 and 4 of this Article. 6. If the balance of the payments as set forth in paragraph 2 and 4 of this Article results in a net payment from the Registered Participant to the Allocation Platform, the Registered Participant shall settle this balance within five (5) Working Days after the date of issuance of the invoice. 7. Payments by the Registered Participant as set forth in paragraph 6 of this Article shall be collected as follows: (a) based on the standard procedure, the Allocation Platform shall collect the payment automatically from the dedicated Business Account of the Registered Participant on the respective due date of the invoice; or (b) alternatively, the Registered Participant shall ensure payment through a non- automated transaction to the account of the Allocation Platform specified on the invoice by indicating the invoice reference. The alternative procedure may be used upon request of the Registered Participant and with the consent of the Allocation Platform. The Registered Participant shall notify the Allocation Platform by email the request to use the alternative procedure at least two (2) Working Days before the date of issuing of the next invoice as set forth in paragraph 1 of this Article. Once the alternative procedure is agreed, it shall be deemed to be valid until otherwise agreed between the Registered Participant and the Allocation Platform. 8. If the balance of the payments as set forth in paragraph 2 and 4 of this Article results in a net payment from the Allocation Platform to the Registered Participant, the Allocation Platform shall pay this balance within seven (7) Working Days after the date of issuance of the invoice to the bank account as announced during the accession process in accordance with Article 8 paragraph 1(g) by the Registered Participant who is entitled to the payments at the due date. 9. Upon the collection of the payment as set forth in paragraph 7 of this Article, the Allocation Platform shall update the Credit Limit accordingly. 10. In case of an erroneous invoice resulting in an additional payment of the Allocation Platform or the Registered Participant the Allocation Platform shall correct the invoice and any due amount shall be settled as soon as they have been notified to Registered Participant. 11. Bank fees of the payer’s bank shall be covered by the payer. Bank fees of the receiving bank shall be covered by the beneficiary. Bank fees of any intermediary bank, shall be covered by the Registered Participant. 12. The Registered Participant shall not be entitled to offset any amount, or withhold any debts arising in connection with obligations resulting from an Auction, against any claims towards the Allocation Platform, whether or not arising out of an Auction. Nevertheless, the right to offset and the right to withhold are not excluded in case the Registered Participant’s claim against Allocation Platform is established by a legally binding judgement or is uncontested.

Appears in 3 contracts

Samples: Rules for Explicit Daily Capacity Allocation, Rules for Explicit Daily Capacity Allocation, Rules for Explicit Daily Capacity Allocation

Invoicing and payment conditions. 1. The Allocation Platform shall issue invoices for payments for all ~~Daily~~ Transmission Rights on a monthly basis and no later than the tenth (10th) Working Day of each month for the Auctions of the month preceding. 2. The invoices shall be issued for the ~~following payments: (a) the~~ amount due set forth in Article ~~51(2); (b) any relevant taxes and levies subject to Article 52~~46. 3. The Allocation Platform shall send the invoice ~~only~~ both by ~~email~~ e-mail and post to the Registered Participant at the ~~email~~ address of the financial contact person submitted in accordance with Article ~~8(h~~8 paragraph 1(h) or it should make it available to the Registered Participant via the Auction Tool. The date of issuance of the invoice shall be the date on which the email is sent or the date when the invoice is made available via the Auction Tool if this is done during Working Hours or the next day if sent after Working Hours. 4. In the cases of curtailment of ~~Daily~~ Transmission Rights, the invoices shall take into account any payments to be credited to the Registered Participant. The payments to be credited to the Registered Participants shall: (a) be settled through self-billing mechanism which shall allow Rights the Allocation Platform to will issue ~~invoices in~~ a credit note for the ~~name and on behalf~~ reimbursement, not later than the tenth (10th) Working Day of the ~~Registered Participant; and (b) be notified through the same invoice as the one used for the payments of the Registered Participant as set forth in paragraph 2 of this Article~~following month. 5. The payments due ~~shall~~ may be netted by the Allocation Platform upon the request of the Registered Participant, taking into account the amount as set forth in paragraph 2 and 4 of this Article. 6. If the balance of the payments as set forth in paragraph 2 and 4 of this Article results in a net payment from the Registered Participant to the Allocation Platform, the Registered Participant shall settle this balance within ~~five~~ ten (510) Working Days after the date of issuance of the invoice. 7. Payments by the Registered Participant as set forth in paragraph 6 of this Article shall be collected as follows: (a) based on the standard procedure, the Allocation Platform shall collect the payment automatically from the dedicated Business Account of the Registered Participant on the respective due date of the invoice; or (b) alternatively, the Registered Participant shall ensure payment through ~~a non- automated~~ transaction to the account of the Allocation Platform specified on the invoice by indicating the invoice reference. The alternative procedure may be used upon request of the Registered Participant and with the consent of the Allocation Platform. The Registered Participant shall notify the Allocation Platform by email the request to use the alternative procedure at least two (2) Working Days before the date of issuing of the next invoice as set forth in paragraph 1 of this Article. Once the alternative procedure is agreed, it shall be deemed to be valid until otherwise agreed between the Registered Participant and the Allocation Platform. 8. If the balance of the payments as set forth in paragraph 2 and 4 of this Article results in a net payment from the Allocation Platform to the Registered Participant, the Allocation Platform shall pay this balance within ~~seven~~ fifteen (715) Working Days after the date of issuance of the invoice to the bank account as announced during the accession process in accordance with Article 8 paragraph 1(g) by the Registered Participant who is entitled to the payments at the due date. 9. Upon the collection of the payment as set forth in paragraph 7 of this Article, the Allocation Platform shall update the Credit Limit accordingly. 10. In case of an erroneous invoice resulting in an additional payment of the Allocation Platform or the Registered Participant the Allocation Platform shall correct the invoice and any due amount shall be settled as soon as they have been notified to Registered Participant. 11. ~~Bank~~ All bank fees ~~of the payer’s bank shall be covered by the payer. Bank fees of the receiving bank shall be covered by the beneficiary. Bank fees of any intermediary bank,~~ shall be covered by the Registered Participant. 12. The Registered Participant shall not be entitled to offset any amount, or withhold any debts arising in connection with obligations resulting from an Auction, against any claims towards the Allocation Platform, whether or not arising out of an Auction. Nevertheless, the right to offset and the right to withhold are not excluded in case the Registered Participant’s claim against Allocation Platform is established by a legally binding judgement or is uncontested.

Appears in 3 contracts

Samples: Rules for Daily Capacity Allocation, Rules for Daily Capacity Allocation, Rules for Daily Capacity Allocation

Invoicing and payment conditions. 1. The Allocation Platform shall issue invoices for payments for all ~~Daily~~ Transmission Rights allocated in line with these Shadow Allocation Rules on a monthly basis and no later than the tenth (10th) Working Day of each month for the Shadow Auctions of the month preceding. 2. The invoices shall be issued for the following payments: (a) the amount due set forth in Article ~~51(2~~47(2); (b) any relevant taxes and levies subject to Article 5248. 3. The Allocation Platform shall send the invoice ~~only~~ by ~~email~~ electronic means as specified by the Allocation Platform on its website to the Registered Participant at the email address of the financial contact person submitted in accordance with Article ~~8(h~~8 (1)(h) or it should make it available to the Registered Participant via the Auction Tool. The date of issuance of the invoice shall be the date on which the ~~email~~ invoice is sent by electronic means as specified by the Allocation Platform on its website or the date when the invoice is made available via the Auction Tool if this is done during Working Hours or the next day if sent after Working Hours. 4. In the cases of curtailment of Daily Transmission Rights, the invoices shall take into account any payments to be credited to the Registered Participant. The payments to be credited to the Registered Participants shall: (a) be settled through self-billing mechanism which shall allow the Allocation Platform to issue invoices in the name and on behalf of the Registered Participant; and (b) be notified through the same invoice as the one used for the payments of the Registered Participant as set forth in paragraph 2 of this Article. 5. The payments due ~~shall~~ may be netted by the Allocation ~~Platform~~ Platform, taking into account the amount as set forth in paragraph 2 of this Article, and any other amount payable by Allocation Platform to Registered Participant, as a result of allocation processes carried out by Allocation Platform. 5. The Registered Participant shall settle payment obligations resulting from paragraph 2 or paragraph 4 of this Article~~. 6. If the balance of the payments as set forth in paragraph 2 and 4 of this Article results in a net payment from the Registered Participant to the Allocation Platform~~, ~~the Registered Participant shall settle this balance~~ within ~~five~~ ten (510) Working Days after the date of issuance of the invoice. 76. Payments by the Registered Participant as set forth in paragraph 6 5 of this Article shall be ~~collected as follows: (a) based~~ settled to the Business Account of the Allocation Platform specified on the ~~standard procedure~~invoice by indicating the invoice reference, ~~the~~ or alternatively, Allocation Platform shall collect the payment automatically from the dedicated Business Account of the Registered Participant on the respective due date of the invoice~~; or~~. ~~(b) alternatively, the Registered Participant shall ensure payment through a non- automated transaction to the account of the~~ 7. The Allocation Platform specified on the invoice by indicating the invoice reference. The alternative procedure may be used upon request of the Registered Participant and with the consent of the Allocation Platform. The Registered Participant shall ~~notify the Allocation Platform by email the request to use the alternative procedure at least two (2) Working Days before the date of issuing of the next invoice as set forth in~~ settle its payment obligations resulting from paragraph 1 of this Article. Once the alternative procedure is agreed, it shall be deemed to be valid until otherwise agreed between the Registered Participant and the Allocation Platform. 8. If the balance of the payments as set forth in paragraph 2 and 4 of this Article ~~results in a net payment from the Allocation Platform to the Registered Participant, the Allocation Platform shall pay this balance~~ within ~~seven~~ fifteen (715) Working Days after the date of ~~issuance~~ its receipt of the ~~invoice~~ invoice, by way of payment of the due amount to the bank account as announced during the accession process in accordance with Article 8 paragraph 1(g) by the Registered Participant who is entitled to the payments at the due date. 98. Upon the collection of the payment as set forth in paragraph 7 6 of this Article, the Allocation Platform shall update the Credit Limit accordingly. 109. In case of an erroneous invoice resulting in an additional payment of the Allocation Platform or the Registered ~~Participant~~ Participant, the Allocation Platform shall correct the invoice and any due amount shall be settled as soon as they have been notified to the Registered Participant. 1110. ~~Bank~~ All bank fees ~~of the payer’s bank shall be covered by the payer. Bank fees of the receiving bank shall be covered by the beneficiary. Bank fees of any intermediary bank,~~ shall be covered by the Registered Participant. 1211. The Registered Participant shall not be entitled to offset any amount, or withhold any debts arising in connection with obligations resulting from an a Shadow Auction, against any claims towards the Allocation Platform, whether or not arising out of an Auction. Nevertheless, the right to offset and the right to withhold are not excluded in case the Registered Participant’s claim against Allocation Platform is established by a legally binding judgement or is uncontested.

Appears in 3 contracts

Samples: Shadow Allocation Rules, Shadow Allocation Rules, Shadow Allocation Rules

Invoicing and payment conditions. 1. The Allocation Platform shall issue invoices for payments for all ~~Daily~~ Transmission Rights on a monthly basis and no later than the tenth (10th) Working Day of each month for the Auctions of the month preceding. 2. The invoices shall be issued for the ~~following payments: (a) the~~ amount due set forth in Article ~~51(2); (b) any relevant taxes and levies subject to Article 52~~47. 3. The Allocation Platform shall send the invoice ~~only~~ both by ~~email~~ e-mail and post to the Registered Participant at the ~~email~~ address of the financial contact person submitted in accordance with Article ~~8(h~~9(h) or it should make it available to the Registered Participant via the Auction Tool. The date of issuance of the invoice shall be the date on which the email is sent or the date when the invoice is made available via the Auction Tool if this is done during Working Hours or the next day if sent after Working Hours. 4. In the cases of curtailment of ~~Daily~~ Transmission Rights, the invoices shall take into account any payments to be credited to the Registered Participant. The payments to be credited to the Registered Participants shall: (a) be settled through self-billing mechanism which shall allow Rights the Allocation Platform to will issue ~~invoices in~~ a credit note for the ~~name and on behalf~~ reimbursement, not later than the tenth (10th) Working Day of the ~~Registered Participant; and (b) be notified through the same invoice as the one used for the payments of the Registered Participant as set forth in paragraph 2 of this Article~~following month. 5. The payments due ~~shall~~ may be netted by the Allocation Platform upon the request of the Registered Participant, taking into account the amount as set forth in paragraph 2 and 4 of this Article. 6. If the balance of the payments as set forth in paragraph 2 and 4 of this Article results in a net payment from the Registered Participant to the Allocation Platform, the Registered Participant shall settle this balance within ~~five~~ ten (510) Working Days after the date of issuance of the invoice. 7. Payments by the Registered Participant as set forth in paragraph 6 7 of this Article shall be collected as follows: (a) based on the standard procedure, the Allocation Platform shall collect the payment automatically from the dedicated Business Account of the Registered Participant on the respective due date of the invoice; or (b) alternatively, the Registered Participant shall ensure payment through ~~a non- automated~~ transaction to the account of the Allocation Platform specified on the invoice by indicating the invoice reference. The alternative procedure may be used upon request of the Registered Participant and with the consent of the Allocation Platform. The Registered Participant shall notify the Allocation Platform by email the request to use the alternative procedure at least two (2) Working Days before the date of issuing of the next invoice as set forth in paragraph 1 of this Article. Once the alternative procedure is agreed, it shall be deemed to be valid until otherwise agreed between the Registered Participant and the Allocation Platform. 8. If the balance of the payments as set forth in paragraph 2 and 4 of this Article results in a net payment from the Allocation Platform to the Registered Participant, the Allocation Platform shall pay this balance within ~~seven~~ fifteen (715) Working Days after the date of issuance of the invoice to the bank account as announced during the accession process in accordance with Article 8 paragraph ~~1(g~~1(h) by the Registered Participant who is entitled to the payments at the due date. 9. Upon the collection of the payment as set forth in paragraph 7 of this Article, the Allocation Platform shall update the Credit Limit accordingly. 10. In case of an erroneous invoice resulting in an additional payment of the Allocation Platform or the Registered Participant the Allocation Platform shall correct the invoice and any due amount shall be settled as soon as they have been notified to Registered Participant. 11. ~~Bank~~ All bank fees ~~of the payer’s bank shall be covered by the payer. Bank fees of the receiving bank shall be covered by the beneficiary. Bank fees of any intermediary bank,~~ shall be covered by the Registered Participant. 12. The Registered Participant shall not be entitled to offset any amount, or withhold any debts arising in connection with obligations resulting from an Auction, against any claims towards the Allocation Platform, whether or not arising out of an Auction. Nevertheless, the right to offset and the right to withhold are not excluded in case the Registered Participant’s claim against Allocation Platform is established by a legally binding judgement or is uncontested.

Appears in 2 contracts

Samples: Rules for Daily Capacity Allocation, Participation Agreement

Invoicing and payment conditions. 1. The payment will be settled at the next fixed invoice date. 2. The Allocation Platform shall issue invoices for payments for all ~~Daily~~ Transmission Rights on a monthly basis and no later than the tenth (10th) Working Day of each ~~month for the Auctions of the month preceding~~month. 23. The invoices shall be issued for the ~~following payments: (a) the~~ amount due set forth in Article ~~51(2); (b) any relevant taxes and levies subject to Article 52~~40. 34. The Allocation Platform shall send the invoice only by ~~email~~ e-mail to the Registered Participant at the ~~email~~ e- mail address of the financial contact person submitted in accordance with Article 8(h) or it should make it available to the Registered Participant via the Auction Tool. The date of issuance of the invoice shall be the date on which the email is sent or the date when the invoice is made available via the Auction Tool if this is done during Working Hours or the next day if sent after Working Hours. 45. In the cases of curtailment of ~~Daily~~ Transmission Rights, the invoices shall take into account any payments to be credited to the Registered Participant. The payments to be credited to the Registered Participants shall: (a) be settled through self-billing mechanism which shall allow the Allocation Platform to issue invoices in the name and on behalf of the Registered Participant; and (b) be notified through the same invoice as the one used for the payments of the Registered Participant as set forth in paragraph 2 4 of this Article. 56. The payments due shall be netted by the Allocation Platform taking into account the amount as set forth in paragraph 2 3 and 4 5 of this Article. 67. If the balance of the payments as set forth in paragraph 2 3 and 4 5 of this Article results in a net payment from the Registered Participant to the Allocation Platform, the Registered Participant shall settle this balance within five (5) Working Days after the date of issuance of the invoice. 78. Payments by the Registered Participant as set forth in paragraph 6 5 of this Article shall be collected as follows: (a) based on the standard procedure, the Allocation Platform shall collect the payment automatically from the dedicated Business Account of the Registered Participant on the respective due date of the invoice; or (b) alternatively, the Registered Participant shall ensure payment through a ~~non-~~ non-automated transaction to the account of the Allocation Platform specified on the invoice by indicating the invoice reference. 9. The alternative procedure may be used upon request of the Registered Participant and with the consent of the Allocation Platform. The Registered Participant shall notify the Allocation Platform by email the request to use the alternative procedure at least two (2) Working Days before the date of issuing of the next invoice as set forth in paragraph 1 2 of this Article. Once the alternative procedure is agreed, it shall be deemed to be valid until otherwise agreed between the Registered Participant and the Allocation Platform. 810. If the balance of the payments as set forth in paragraph 2 3 and 4 5 of this Article results in a net payment from the Allocation Platform to the Registered Participant, the Allocation Platform shall pay this balance within seven (7) Working Days after the date of issuance of the invoice to the bank account as announced during the accession process in accordance with Article 8 paragraph 1(g) by the Registered Participant who is entitled to the payments at the due date. ~~9. Upon the collection of the payment as set forth in paragraph 7 of this Article, the Allocation Platform shall update the Credit Limit accordingly. 10~~11. In case of an erroneous invoice resulting in an additional payment of the Allocation Platform or the Registered Participant the Allocation Platform shall correct the invoice and any due amount shall be settled as soon as they have been notified to Registered Participant. 1112. Bank fees of the payer’s bank shall be covered by the payer. Bank fees of the receiving bank shall be covered by the beneficiary. Bank fees of any intermediary bank, shall be covered by the Registered Participant. 1213. The Registered Participant shall not be entitled to offset any amount, or withhold any debts arising in connection with obligations resulting from an a Shadow Auction, against any claims towards the Allocation Platform, whether or not arising out of an a Shadow Auction. Nevertheless, the right to offset and the right to withhold are not excluded in case the Registered Participant’s claim against Allocation Platform is established by a legally binding judgement or is uncontested.

Appears in 2 contracts

Samples: Shadow Allocation Rules, Shadow Allocation Rules

Invoicing and payment conditions. 1. The Allocation Platform shall issue invoices for payments for all ~~Daily~~ Transmission Rights on a monthly basis and no later than the tenth (10th) Working Day of each month for the Auctions of within the month preceding. 2~~. The invoices shall be issued for the following payments: (a) the amount due set forth in Article 51(2); (b) any relevant taxes and levies subject to Article 52. 3~~. The Allocation Platform shall send the invoice only by ~~email~~ e-mail to the Registered Participant at the ~~email~~ e-mail address of the financial contact person submitted in accordance with Article 8(h) or it should make it available to the Registered Participant via the Auction Tool. The date of issuance of the invoice shall be the date on which the email is sent ~~or the date when the invoice is made available via the Auction Tool~~ if this is done during Working Hours or the next ~~day~~ Working Day if sent after Working Hours. 43. In the cases of curtailment of ~~Daily~~ Transmission ~~Rights,~~ Rights the invoices shall take into account any payments to be credited to the Registered Participant. The payments to be credited to the Registered Participants shall: (a) be settled through self-billing mechanism which shall allow the Allocation Platform to issue invoices in the name and on behalf of the Registered Participant; and (b) be notified through the same invoice as the one used for the payments of the Registered Participant as set forth in paragraph 2 of this Article.; 54. The payments due shall be netted ~~by the Allocation Platform~~ taking into account the amount as set forth in paragraph 2 1 and 4 3 of this Article. 65. If the balance of the payments as set forth in paragraph ~~2 and~~ 4 of this Article results in a net payment from the Registered Participant to the Allocation Platform, the Registered Participant shall settle this balance within ~~five~~ seven (57) Working Days after the date of issuance of the invoice. 76. Payments by the Registered Participant as set forth in paragraph 6 5 of this Article shall be collected as follows: (a) ~~based~~ Based on the standard procedure, the Allocation Platform shall collect the payment automatically from the dedicated Business Account of the Registered Participant on the respective due date of the invoice; or (b) alternatively, the Registered Participant shall ensure payment through a ~~non-~~ non-automated transaction to the account of the Allocation Platform specified on the invoice by indicating the invoice reference. The alternative procedure may be used upon request of the Registered Participant and with the consent of the Allocation Platform. The Registered Participant shall notify the Allocation Platform by email the request to use the alternative procedure at least two (2) Working Days before the date of issuing of the next invoice as set forth in paragraph 1 of this Article. Once the alternative procedure is agreed, it shall be deemed to be valid until otherwise agreed between the Registered Participant and the Allocation Platform. 87. If the balance of the payments as set forth in paragraph 2 1 and 4 3 of this Article results in a net payment from the Allocation Platform to the Registered Participant, the Allocation Platform shall pay this balance within seven (7) Working Days after the date of issuance of the invoice to the bank account as announced during the accession process in accordance with Article 8 paragraph 1(g) by the Registered Participant who is entitled to the payments at the due date. 98. Upon the collection of the payment as set forth in paragraph 7 6 of this Article, the Allocation Platform shall update the Credit Limit accordingly. 109. In case of an erroneous invoice resulting in an additional payment of the Allocation Platform or the Registered Participant the Allocation Platform shall correct the invoice and any due amount shall be settled as soon as they have been notified to Registered Participant. 1110. Bank fees of the payer’s bank shall be covered by the payer. Bank fees of the receiving bank shall be covered by the beneficiary. Bank fees of any intermediary bank, shall be covered by the Registered Participant. 1211. The Registered Participant shall not be entitled to offset any amount, or withhold any debts arising in connection with obligations resulting from an Auction, against any claims towards the Allocation Platform, whether or not arising out of an Auction. Nevertheless, the right to offset and the right to withhold are not excluded in case the Registered Participant’s claim against Allocation Platform is established by a legally binding judgement or is uncontested.

Appears in 2 contracts

Samples: Interconnector Access Rules for Intraday Capacity Allocation, Interconnector Access Rules for Intraday Capacity Allocation

Invoicing and payment conditions. ‌ 1. The Allocation Platform shall issue invoices for payments for all Daily Transmission Rights on a monthly basis and no later than the tenth (10th) Working Day of each month for the Auctions of the month preceding. 2. The invoices shall be issued for the following payments: (a) the amount due set forth in Article 51(2); (b) any relevant taxes and levies subject to Article 52. 3. The Allocation Platform shall send the invoice only by email to the Registered Participant at the email address of the financial contact person submitted in accordance with Article 8(h) or it should make it available to the Registered Participant via the Auction Tool. The date of issuance of the invoice shall be the date on which the email is sent or the date when the invoice is made available via the Auction Tool if this is done during Working Hours or the next day if sent after Working Hours. 4. In the cases of curtailment of Daily Transmission Rights, the invoices shall take into account any payments to be credited to the Registered Participant. The payments to be credited to the Registered Participants shall: (a) be settled through self-billing mechanism which shall allow the Allocation Platform to issue invoices in the name and on behalf of the Registered Participant; and (b) be notified through the same invoice as the one used for the payments of the Registered Participant as set forth in paragraph 2 of this Article. 5. The payments due shall be netted by the Allocation Platform taking into account the amount as set forth in paragraph 2 and 4 of this Article. 6. If the balance of the payments as set forth in paragraph 2 and 4 of this Article results in a net payment from the Registered Participant to the Allocation Platform, the Registered Participant shall settle this balance within five (5) Working Days after the date of issuance of the invoice. 7. Payments by the Registered Participant as set forth in paragraph 6 of this Article shall be collected as follows: (a) based on the standard procedure, the Allocation Platform shall collect the payment automatically from the dedicated Business Account of the Registered Participant on the respective due date of the invoice; or (b) alternatively, the Registered Participant shall ensure payment through a non- automated transaction to the account of the Allocation Platform specified on the invoice by indicating the invoice reference. The alternative procedure may be used upon request of the Registered Participant and with the consent of the Allocation Platform. The Registered Participant shall notify the Allocation Platform by email the request to use the alternative procedure at least two (2) Working Days before the date of issuing of the next invoice as set forth in paragraph 1 of this Article. Once the alternative procedure is agreed, it shall be deemed to be valid until otherwise agreed between the Registered Participant and the Allocation Platform. 8. If the balance of the payments as set forth in paragraph 2 and 4 of this Article results in a net payment from the Allocation Platform to the Registered Participant, the Allocation Platform shall pay this balance within seven (7) Working Days after the date of issuance of the invoice to the bank account as announced during the accession process in accordance with Article 8 paragraph 1(g) by the Registered Participant who is entitled to the payments at the due date. 9. Upon the collection of the payment as set forth in paragraph 7 of this Article, the Allocation Platform shall update the Credit Limit accordingly. 10. In case of an erroneous invoice resulting in an additional payment of the Allocation Platform or the Registered Participant the Allocation Platform shall correct the invoice and any due amount shall be settled as soon as they have been notified to Registered Participant. 11. Bank fees of the payer’s bank shall be covered by the payer. Bank fees of the receiving bank shall be covered by the beneficiary. Bank fees of any intermediary bank, shall be covered by the Registered Participant. 12. The Registered Participant shall not be entitled to offset any amount, or withhold any debts arising in connection with obligations resulting from an Auction, against any claims towards the Allocation Platform, whether or not arising out of an Auction. Nevertheless, the right to offset and the right to withhold are not excluded in case the Registered Participant’s claim against Allocation Platform is established by a legally binding judgement or is uncontested.

Appears in 2 contracts

Samples: Rules for Explicit Daily Capacity Allocation, Daily Explicit Capacity Allocation Rules

Invoicing and payment conditions. 1. The Allocation Platform shall issue invoices for payments for all Daily Transmission Rights on a monthly basis and no later than the tenth (10th) Working Day of each month for the Auctions of the month preceding. 2. The invoices shall be issued for the following payments: (a) the amount due set forth in Article ~~51(2~~47(2); (b) any relevant taxes and levies subject to Article 5248. 3. The Allocation Platform shall send the invoice ~~only~~ by ~~email~~ electronic means as specified by the Allocation Platform on its website to the Registered Participant at the email address of the financial contact person submitted in accordance with Article ~~8(h~~8 (1)(h) or it should make it available to the Registered Participant via the Auction Tool. The date of issuance of the invoice shall be the date on which the ~~email~~ invoice is sent by electronic means as specified by the Allocation Platform on its website or the date when the invoice is made available via the Auction Tool if this is done during Working Hours or the next day if sent after Working Hours. 4. In the cases of curtailment of Daily Transmission Rights, the invoices shall take into account any payments to be credited to the Registered Participant. The payments to be credited to the Registered Participants shall: (a) be settled through self-billing mechanism which shall allow the Allocation Platform to issue invoices in the name and on behalf of the Registered Participant; and (b) be notified through the same invoice as the one used for the payments of the Registered Participant as set forth in paragraph 2 of this Article. 5. The payments due ~~shall~~ may be netted by the Allocation ~~Platform~~ Platform, taking into account the amount as set forth in paragraph 2 of this Article, and any other amount payable by Allocation Platform to Registered Participant, as a result of allocation processes carried out by Allocation Platform. 5. The Registered Participant shall settle payment obligations resulting from paragraph 2 or paragraph 4 of this Article~~. 6. If the balance of the payments as set forth in paragraph 2 and 4 of this Article results in a net payment from the Registered Participant to the Allocation Platform~~, ~~the Registered Participant shall settle this balance~~ within ~~five~~ ten (510) Working Days after the date of issuance of the invoice. 76. Payments by the Registered Participant as set forth in paragraph 6 5 of this Article shall be ~~collected as follows: (a) based~~ settled to the Business Account of the Allocation Platform specified on the ~~standard procedure~~invoice by indicating the invoice reference, ~~the~~ or alternatively, Allocation Platform shall collect the payment automatically from the dedicated Business Account of the Registered Participant on the respective due date of the invoice~~; or~~. ~~(b) alternatively, the Registered Participant shall ensure payment through a non- automated transaction to the account of the~~ 7. The Allocation Platform specified on the invoice by indicating the invoice reference. The alternative procedure may be used upon request of the Registered Participant and with the consent of the Allocation Platform. The Registered Participant shall ~~notify the Allocation Platform by email the request to use the alternative procedure at least two (2) Working Days before the date of issuing of the next invoice as set forth in~~ settle its payment obligations resulting from paragraph 1 of this Article. Once the alternative procedure is agreed, it shall be deemed to be valid until otherwise agreed between the Registered Participant and the Allocation Platform. 8. If the balance of the payments as set forth in paragraph 2 and 4 of this Article ~~results in a net payment from the Allocation Platform to the Registered Participant, the Allocation Platform shall pay this balance~~ within ~~seven~~ fifteen (715) Working Days after the date of ~~issuance~~ its receipt of the ~~invoice~~ invoice, by way of payment of the due amount to the bank account as announced during the accession process in accordance with Article 8 paragraph 1(g) by the Registered Participant who is entitled to the payments at the due date. 98. Upon the collection of the payment as set forth in paragraph 7 6 of this Article, the Allocation Platform shall update the Credit Limit accordingly. 109. In case of an erroneous invoice resulting in an additional payment of the Allocation Platform or the Registered ~~Participant~~ Participant, the Allocation Platform shall correct the invoice and any due amount shall be settled as soon as they have been notified to the Registered Participant. 1110. ~~Bank~~ All bank fees ~~of the payer’s bank shall be covered by the payer. Bank fees of the receiving bank shall be covered by the beneficiary. Bank fees of any intermediary bank,~~ shall be covered by the Registered Participant. 1211. The Registered Participant shall not be entitled to offset any amount, or withhold any debts arising in connection with obligations resulting from an Auction, against any claims towards the Allocation Platform, whether or not arising out of an Auction. Nevertheless, the right to offset and the right to withhold are not excluded in case the Registered Participant’s claim against Allocation Platform is established by a legally binding judgement or is uncontested.

Appears in 2 contracts

Samples: Rules for Explicit Daily Capacity Allocation on Bidding Zone Borders Serviced by See Cao, Rules for Explicit Daily Capacity Allocation on Bidding Zone Borders Serviced by See Cao

Invoicing and payment conditions. 1. The payment will be settled at the next fixed invoice date. 2. The Allocation Platform shall issue invoices for payments for all ~~Daily~~ Transmission Rights on a monthly basis and no later than the tenth (10th) Working Day of each ~~month for the Auctions of the month preceding~~month. 23. The invoices shall be issued for the ~~following payments: (a) the~~ amount due set forth in Article ~~51(2); (b) any relevant taxes and levies subject to Article 52~~50. 34. The Allocation Platform shall send the invoice ~~only~~ via electronic means as specified by ~~email~~ the Allocation Platform on its website to the Registered Participant at the ~~email~~ e-mail address of the financial contact person submitted in accordance with Article ~~8(h~~8(i) or it should make it available to the Registered Participant via the Auction Tool. The date of issuance of the invoice shall be the date on which the ~~email~~ invoice is sent by electronic means as specified by the Allocation Platform on its website or the date when the invoice is made available via the Auction Tool if this is done during Working Hours or the next ~~day~~ Working Day if sent after Working Hours. 45. In the cases of curtailment of ~~Daily~~ Transmission Rights, the invoices shall take into account any payments to be credited to the Registered Participant. The payments to be credited to the Registered Participants shall: (a) be settled through ~~self-~~self billing mechanism which shall allow the Allocation Platform to issue invoices in the name and on behalf of the Registered Participant; and (b) be notified through the same invoice as the one used for the payments of the Registered Participant as set forth in paragraph 2 3 of this Article. 56. The payments due shall be netted by the Allocation Platform taking into account the amount as set forth in paragraph 2 3 and 4 5 of this Article. 67. If the balance of the payments as set forth in paragraph 2 3 and 4 5 of this Article results in a net payment from the Registered Participant to the Allocation Platform, the Registered Participant shall settle this balance within five (5) Working Days after the date of issuance of the invoice. 78. Payments by the Registered Participant as set forth in paragraph 6 7 of this Article shall be collected as follows: (a) based on the standard procedure, the Allocation Platform shall collect the payment automatically from the dedicated Business Account of the Registered Participant on the respective due date of the invoice; or (b) alternatively, the Registered Participant shall ensure payment through a non- automated transaction to the account of the Allocation Platform specified on the invoice by indicating the invoice reference. 9. The alternative procedure may be used upon request of the Registered Participant and with the consent of the Allocation Platform. The Registered Participant shall notify the Allocation Platform by ~~email~~ electronic means as specified by the Allocation Platform on its website the request to use the alternative procedure at least two (2) Working Days before the date of issuing of the next invoice as set forth in paragraph 1 of this Article. Once the alternative procedure is agreed, it shall be deemed to be valid until otherwise agreed between the Registered Participant and the Allocation Platform. 8. If the balance of the payments as set forth in paragraph 2 and 4 of this Article results in a net payment from the Allocation Platform to the Registered Participant, the Allocation Platform shall pay this balance within seven (7) Working Days after the date of issuance of the invoice to the bank account as announced during the accession process in accordance with Article 8 paragraph 1(g) by the Registered Participant who is entitled to the payments at the due date. 9. Upon the collection of the payment as set forth in paragraph 7 of this Article, the Allocation Platform shall update the Credit Limit accordingly. 10. In case of an erroneous invoice resulting in an additional payment of the Allocation Platform or the Registered Participant the Allocation Platform shall correct the invoice and any due amount shall be settled as soon as they have been notified to Registered Participant. 11. Bank fees of the payer’s bank shall be covered by the payer. Bank fees of the receiving bank shall be covered by the beneficiary. Bank fees of any intermediary bank, shall be covered by the Registered Participant. 12. The Registered Participant shall not be entitled to offset any amount, or withhold any debts arising in connection with obligations resulting from an Auction, against any claims towards the Allocation Platform, whether or not arising out of an Auction. Nevertheless, the right to offset and the right to withhold are not excluded in case the Registered Participant’s claim against Allocation Platform is established by a legally binding judgement or is uncontested.two

Appears in 2 contracts

Samples: Rules for Daily Capacity Allocation on Swiss Borders, Rules for Daily Capacity Allocation

Invoicing and payment conditions. 1. The payment will be settled at the next fixed invoice date. 2. The Allocation Platform shall issue invoices for payments for all ~~Daily~~ Transmission Rights on a monthly basis and no later than the tenth (10th) Working Day of each ~~month for the Auctions of the month preceding~~month. 23. The invoices shall be issued for the ~~following payments: (a) the~~ amount due set forth in Article ~~51(2); (b) any relevant taxes and levies subject to Article 52~~50. 34. The Allocation Platform shall send the invoice only by ~~email~~ e-mail to the Registered Participant at the ~~email~~ e-mail address of the financial contact person submitted in accordance with Article ~~8(h~~8(i) or it should make it available to the Registered Participant via the Auction Tool. The date of issuance of the invoice shall be the date on which the email is sent or the date when the invoice is made available via the Auction Tool if this is done during Working Hours or the next ~~day~~ Working Day if sent after Working Hours. 45. In the cases of curtailment of ~~Daily~~ Transmission Rights, the invoices shall take into account any payments to be credited to the Registered Participant. The payments to be credited to the Registered Participants shall: (a) be settled through ~~self-~~self billing mechanism which shall allow the Allocation Platform to issue invoices in the name and on behalf of the Registered Participant; and (b) be notified through the same invoice as the one used for the payments of the Registered Participant as set forth in paragraph 2 3 of this Article. 56. The payments due shall be netted by the Allocation Platform taking into account the amount as set forth in paragraph 2 3 and 4 5 of this Article. 67. If the balance of the payments as set forth in paragraph 2 3 and 4 5 of this Article results in a net payment from the Registered Participant to the Allocation Platform, the Registered Participant shall settle this balance within five (5) Working Days after the date of issuance of the invoice. 78. Payments by the Registered Participant as set forth in paragraph 6 7 of this Article shall be collected as follows: (a) based on the standard procedure, the Allocation Platform shall collect the payment automatically from the dedicated Business Account of the Registered Participant on the respective due date of the invoice; or (b) alternatively, the Registered Participant shall ensure payment through a non- automated transaction to the account of the Allocation Platform specified on the invoice by indicating the invoice reference. The alternative procedure may be used upon request of the Registered Participant and with the consent of the Allocation Platform. The Registered Participant shall notify the Allocation Platform by email the request to use the alternative procedure at least two (2) Working Days before the date of issuing of the next invoice as set forth in paragraph 1 2 of this Article. Once the alternative procedure is agreed, it shall be deemed to be valid until otherwise agreed between the Registered Participant and the Allocation Platform. 89. If the balance of the payments as set forth in paragraph 2 3 and 4 5 of this Article results in a net payment from the Allocation Platform to the Registered Participant, the Allocation Platform shall pay this balance within seven (7) Working Days after the date of issuance of the invoice to the bank account as announced during the accession process in accordance with Article 8 paragraph ~~1(g~~1(h) by the Registered Participant who is entitled to the payments at the due date. 910. Upon the collection of the payment as set forth in paragraph 7 8 of this Article, the Allocation Platform shall update the Credit Limit accordingly. 1011. In case of an erroneous invoice resulting in an additional payment of the Allocation Platform or the Registered Participant the Allocation Platform shall correct the invoice and any due amount shall be settled as soon as they have been notified to Registered Participant. 1112. Bank fees of the payer’s bank shall be covered by the payer. Bank fees of the receiving bank shall be covered by the beneficiary. Bank fees of any intermediary bank, shall be covered by the Registered Participant. 1213. The Registered Participant shall not be entitled to offset any amount, or withhold any debts arising in connection with obligations resulting from an Auction, against any claims towards the Allocation Platform, whether or not arising out of an Auction. Nevertheless, the right to offset and the right to withhold are not excluded in case the Registered Participant’s claim against Allocation Platform is established by a legally binding judgement or is uncontested.

Appears in 2 contracts

Samples: Rules for Daily Capacity Allocation, Rules for Daily Capacity Allocation

Invoicing and payment conditions. 1. The ~~Allocation Platform~~ Infrastructure Manager and the Railway Undertaking shall issue ~~invoices for payments for all Daily Transmission Rights on~~ an invoice once a ~~monthly basis and no later than~~ month within 21 days of the ~~tenth (10th) Working Day of each month for the Auctions~~ end of the month ~~preceding~~for which the non-compliance with the quality indicators to the other side of this Agreement has been agreed and concluded, The invoice due date is 21 days from the date of issue. In the event that the last day of the invoice due date falls on a public holiday or non-working day, the invoice due date shall be considered to be the next following business day. Within 5 days of the date of issue, the invoice must be delivered to the invoice recipient. 2. The ~~invoices shall be issued~~ issuer of the invoice is responsible for the ~~following payments: (a)~~ correctness and completeness of the ~~amount due set forth~~ invoice, which must have all the requisites pursuant to the valid legal regulations of the Slovak Republic and this Agreement. The recipient of the invoice is entitled to return the invoice to the issuer of the invoice for revision, unless the invoice is issued in ~~Article 51(2); (b)~~ accordance with the provisions of the applicable Slovak legislation. In such a case, the new repayment period shall commence only on the date of issue of the new, corrected invoice; this shall not apply if it is shown that the invoice has been wrongly returned to the recipient of the invoice. The recipient of the invoice is obliged to pay its monetary obligation to any ~~relevant taxes and levies subject to Article 52~~of the bank accounts of the issuer of the invoice specified in the Agreement heading. 3. The Allocation Platform shall send the invoice only by email to the Registered Participant at the email address of the financial contact person submitted in accordance with Article 8(h) or it should make it available to the Registered Participant via the Auction Tool. The date of issuance Payment of the invoice shall be deemed to be the ~~date~~ day on which the ~~email~~ invoiced amount is ~~sent or~~ credited to one of the ~~date when~~ issuer's bank accounts specified in the ~~invoice is made available via the Auction Tool if this is done during Working Hours or the next day if sent after Working Hours~~invoice. 4. ~~In the cases of curtailment of Daily Transmission Rights, the invoices~~ The Infrastructure Manager and Railway Undertaking shall ~~take into account any payments~~ be entitled to be credited to the Registered Participant. The payments to be credited to the Registered Participants shall: (a) be settled through self-billing mechanism which shall allow the Allocation Platform to issue invoices claim default interest in the ~~name and on behalf~~ amount stipulated by the provisions of the ~~Registered Participant; and (b) be notified through the same invoice as the one used~~ Commercial Code for ~~the payments~~ each day of ~~the Registered Participant as set forth in paragraph 2 of this Article~~delay. 5. The payments due shall be netted by the Allocation Platform taking into account the amount as set forth in paragraph 2 and 4 of this Article. 6. If the balance of the payments as set forth in paragraph 2 and 4 of this Article results in a net payment from the Registered Participant to the Allocation Platform, the Registered Participant shall settle this balance within five (5) Working Days after the date of issuance of the invoice. 7. Payments by the Registered Participant as set forth in paragraph 6 of this Article shall be collected as follows: (a) based on the standard procedure, the Allocation Platform shall collect the payment automatically from the dedicated Business Account of the Registered Participant on the respective due date of the invoice; or (b) alternatively, the Registered Participant shall ensure payment through a non- automated transaction to the account of the Allocation Platform specified on the invoice by indicating the invoice reference. The alternative procedure may be used upon request of the Registered Participant and with the consent of the Allocation Platform. The Registered Participant shall notify the Allocation Platform by email the request to use the alternative procedure at least two (2) Working Days before the date of issuing of the next invoice as set forth in paragraph 1 of this Article. Once the alternative procedure is agreed, it shall be deemed to be valid until otherwise agreed between the Registered Participant Infrastructure Manager and the ~~Allocation Platform~~Railway Undertaking have agreed that the assignment of claims and obligations under this Agreement to a third party is only possible by mutual written agreement of both Parties to this Agreement. 8. If the balance of the payments as set forth in paragraph 2 and 4 of this Article results in a net payment from the Allocation Platform to the Registered Participant, the Allocation Platform shall pay this balance within seven (7) Working Days after the date of issuance of the invoice to the bank account as announced during the accession process in accordance with Article 8 paragraph 1(g) by the Registered Participant who is entitled to the payments at the due date. 9. Upon the collection of the payment as set forth in paragraph 7 of this Article, the Allocation Platform shall update the Credit Limit accordingly. 10. In case of an erroneous invoice resulting in an additional payment of the Allocation Platform or the Registered Participant the Allocation Platform shall correct the invoice and any due amount shall be settled as soon as they have been notified to Registered Participant. 11. Bank fees of the payer’s bank shall be covered by the payer. Bank fees of the receiving bank shall be covered by the beneficiary. Bank fees of any intermediary bank, shall be covered by the Registered Participant. 12. The Registered Participant shall not be entitled to offset any amount, or withhold any debts arising in connection with obligations resulting from an Auction, against any claims towards the Allocation Platform, whether or not arising out of an Auction. Nevertheless, the right to offset and the right to withhold are not excluded in case the Registered Participant’s claim against Allocation Platform is established by a legally binding judgement or is uncontested.

Appears in 2 contracts

Samples: Quality Agreement, Quality Agreement

Invoicing and payment conditions. 1. The Allocation Platform shall issue invoices for payments for all Daily Transmission Rights on a monthly basis and no later than the tenth (10th) Working Day of each month for the Auctions of the month preceding. 2. The invoices shall be issued for the following payments: (a) the amount due set forth in Article 51(2); (b) any relevant taxes and levies subject to Article 52. 3. The Allocation Platform shall send the invoice only via electronic means as specified by ~~email~~ the Allocation Platform on its website to the Registered Participant at the email address of the financial contact person submitted in accordance with Article 8(h) or it should make it available to the Registered Participant via the Auction Tool. The date of issuance of the invoice shall be the date on which the ~~email~~ invoice is sent by electronic means as specified by the Allocation Platform on its website or the date when the invoice is made available via the Auction Tool if this is done during Working Hours or the next ~~day~~ Working Day if sent after Working Hours. 4. In the cases of curtailment of Daily Transmission Rights, the invoices shall take into account any payments to be credited to the Registered Participant. The payments to be credited to the Registered Participants shall: (a) be settled through self-billing mechanism which shall allow the Allocation Platform to issue invoices in the name and on behalf of the Registered Participant; and (b) be notified through the same invoice as the one used for the payments of the Registered Participant as set forth in paragraph 2 of this Article. 5. The payments due shall be netted by the Allocation Platform taking into account the amount as set forth in paragraph 2 and 4 of this Article. 6. If the balance of the payments as set forth in paragraph 2 and 4 of this Article results in a net payment from the Registered Participant to the Allocation Platform, the Registered Participant shall settle this balance within five (5) Working Days after the date of issuance of the invoice. 7. Payments by the Registered Participant as set forth in paragraph 6 of this Article shall be collected as follows: (a) based on the standard procedure, the Allocation Platform shall collect the payment automatically from the dedicated Business Account of the Registered Participant on the respective due date of the invoice; or (b) alternatively, the Registered Participant shall ensure payment through a non- automated transaction to the account of the Allocation Platform specified on the invoice by indicating the invoice reference. 8. The alternative procedure may be used upon request of the Registered Participant and with the consent of the Allocation Platform. The Registered Participant shall notify the Allocation Platform by ~~email~~ electronic means as specified by the Allocation Platform on its website the request to use the alternative procedure at least two (2) Working Days before the date of issuing of the next invoice as set forth in paragraph 1 of this Article. Once the alternative procedure is agreed, it shall be deemed to be valid until otherwise agreed between the Registered Participant and the Allocation Platform. 89. If the balance of the payments as set forth in paragraph 2 and 4 of this Article results in a net payment from the Allocation Platform to the Registered Participant, the Allocation Platform shall pay this balance within seven (7) Working Days after the date of issuance of the invoice to the bank account as announced during the accession process in accordance with Article 8 paragraph ~~1(g~~1(h) by the Registered Participant who is entitled to the payments at the due date. 910. Upon the collection of the payment as set forth in paragraph 7 of this Article, the Allocation Platform shall update the Credit Limit accordingly. 1011. In case of an erroneous invoice resulting in an additional payment of the Allocation Platform or the Registered Participant the Allocation Platform shall correct the invoice and any due amount shall be settled as soon as they have been notified to Registered Participant. 1112. Bank fees of the payer’s bank shall be covered by the payer. Bank fees of the receiving bank shall be covered by the beneficiary. Bank fees of any intermediary bank, shall be covered by the Registered Participant. 1213. The Registered Participant shall not be entitled to offset any amount, or withhold any debts arising in connection with obligations resulting from an Auction, against any claims towards the Allocation Platform, whether or not arising out of an Auction. Nevertheless, the right to offset and the right to withhold are not excluded in case the Registered Participant’s claim against Allocation Platform is established by a legally binding judgement or is uncontested.

Appears in 2 contracts

Samples: Capacity Allocation Rules, Capacity Allocation Rules

Invoicing and payment conditions. ‌ 1. The Allocation Platform shall issue invoices for payments for all ~~Daily~~ Transmission Rights on a monthly basis and no later than the tenth (10th) Working Day of each month for the Auctions with delivery period of the month preceding. 2~~. The invoices shall be issued for the following payments: (a) the amount due set forth in Article 51(2); (b) any relevant taxes and levies subject to Article 52. 3~~. The Allocation Platform shall send the invoice only by ~~email~~ e-mail to the Registered Participant at the ~~email~~ e-mail address of the financial contact person submitted in accordance with Article 8(h) or it should make it available to the Registered Participant via the Auction Tool. The date of issuance of the invoice shall be the date on which the email is sent ~~or the date when the invoice is made available via the Auction Tool~~ if this is done during Working Hours or the next day if sent after Working Hours. 43. In the cases of curtailment of ~~Daily~~ Transmission ~~Rights,~~ Rights the invoices shall take into account any payments to be credited to the Registered Participant. The payments to be credited to the Registered Participants shall: (a) be settled through self-billing mechanism which shall allow the Allocation Platform to issue invoices in the name and on behalf of the Registered Participant; and (b) be notified through the same invoice as the one used for the payments of the Registered Participant as set forth in paragraph 2 of this Article.; 54. The payments due shall be netted ~~by the Allocation Platform~~ taking into account the amount as set forth in paragraph 2 1 and 4 3 of this Article. 65. If the balance of the payments as set forth in paragraph ~~2 and~~ 4 of this Article results in a net payment from the Registered Participant to the Allocation Platform, the Registered Participant shall settle this balance within five (5) Working Days after the date of issuance of the invoice. 76. Payments by the Registered Participant as set forth in paragraph 6 5 of this Article shall be collected as follows: (a) ~~based~~ Based on the standard procedure, the Allocation Platform shall collect the payment automatically from the dedicated Business Account of the Registered Participant on the respective due date of the invoice; or (b) alternatively, the Registered Participant shall ensure payment through a ~~non-~~ non-automated transaction to the account of the Allocation Platform specified on the invoice by indicating the invoice reference. The alternative procedure may be used upon request of the Registered Participant and with the consent of the Allocation Platform. The Registered Participant shall notify the Allocation Platform by email the request to use the alternative procedure at least two (2) Working Days before the date of issuing of the next invoice as set forth in paragraph 1 of this Article. Once the alternative procedure is agreed, it shall be deemed to be valid until otherwise agreed between the Registered Participant and the Allocation Platform. 87. If the balance of the payments as set forth in paragraph 2 1 and 4 3 of this Article results in a net payment from the Allocation Platform to the Registered Participant, the Allocation Platform shall pay this balance within seven (7) Working Days after the date of issuance of the invoice to the bank account as announced during the accession process in accordance with Article 8 paragraph 1(g) by the Registered Participant who is entitled to the payments at the ~~due date~~duedate. 98. Upon the collection of the payment as set forth in paragraph 7 6 of this Article, the Allocation Platform shall update the Credit Limit accordingly. 109. In case of an erroneous invoice resulting in an additional payment of the Allocation Platform or the Registered Participant the Allocation Platform shall correct the invoice and any due amount shall be settled as soon as they have been notified to Registered Participant. 1110. Bank fees of the payer’s bank shall be covered by the payer. Bank fees of the receiving bank shall be covered by the beneficiary. Bank fees of any intermediary bank, shall be covered by the Registered Participant. 1211. The Registered Participant shall not be entitled to offset any amount, or withhold any debts arising in connection with obligations resulting from an Auction, against any claims towards the Allocation Platform, whether or not arising out of an Auction. Nevertheless, the right to offset and the right to withhold are not excluded in case the Registered Participant’s claim against Allocation Platform is established by a legally binding judgement or ~~is uncontested~~isuncontested.

Appears in 1 contract

Samples: Iem Intraday Capacity Allocation Rules

Invoicing and payment conditions. 1. The Allocation Platform shall issue invoices for payments for all ~~Daily~~ Transmission Rights on a monthly basis and no later than the tenth (10th) Working Day of each month for the Auctions with delivery period of the month preceding. 2~~. The invoices shall be issued for the following payments: (a) the amount due set forth in Article 51(2); (b) any relevant taxes and levies subject to Article 52. 3~~. The Allocation Platform shall send the invoice only by ~~email~~ e-mail to the Registered Participant at the ~~email~~ e-mail address of the financial contact person submitted in accordance with Article 8(h) or it should make it available to the Registered Participant via the Auction Tool. The date of issuance of the invoice shall be the date on which the email is sent ~~or the date when the invoice is made available via the Auction Tool~~ if this is done during Working Hours or the next day if sent after Working Hours. 43. In the cases of curtailment of ~~Daily~~ Transmission ~~Rights,~~ Rights the invoices shall take into account any payments to be credited to the Registered Participant. The payments to be credited to the Registered Participants shall: (a) be settled through self-billing mechanism which shall allow the Allocation Platform to issue invoices in the name and on behalf of the Registered Participant; and (b) be notified through the same invoice as the one used for the payments of the Registered Participant as set forth in paragraph 2 of this Article.; 54. The payments due shall be netted ~~by the Allocation Platform~~ taking into account the amount as set forth in paragraph 2 1 and 4 3 of this Article. 65. If the balance of the payments as set forth in paragraph ~~2 and~~ 4 of this Article results in a net payment from the Registered Participant to the Allocation Platform, the Registered Participant shall settle this balance within five (5) Working Days after the date of issuance of the invoice. 76. Payments by the Registered Participant as set forth in paragraph 6 5 of this Article shall be collected as follows: (a) ~~based~~ Based on the standard procedure, the Allocation Platform shall collect the payment automatically from the dedicated Business Account of the Registered Participant on the respective due date of the invoice; or (b) alternatively, the Registered Participant shall ensure payment through a non- automated transaction to the account of the Allocation Platform specified on the invoice by indicating the invoice reference. The alternative procedure may be used upon request of the Registered Participant and with the consent of the Allocation Platform. The Registered Participant shall notify the Allocation Platform by email the request to use the alternative procedure at least two (2) Working Days before the date of issuing of the next invoice as set forth in paragraph 1 of this Article. Once the alternative procedure is agreed, it shall be deemed to be valid until otherwise agreed between the Registered Participant and the Allocation Platform. 87. If the balance of the payments as set forth in paragraph 2 1 and 4 3 of this Article results in a net payment from the Allocation Platform to the Registered Participant, the Allocation Platform shall pay this balance within seven (7) Working Days after the date of issuance of the invoice to the bank account as announced during the accession process in accordance with Article 8 paragraph 1(g) by the Registered Participant who is entitled to the payments at the due date. 98. Upon the collection of the payment as set forth in paragraph 7 6 of this Article, the Allocation Platform shall update the Credit Limit accordingly. 109. In case of an erroneous invoice resulting in an additional payment of the Allocation Platform or the Registered Participant the Allocation Platform shall correct the invoice and any due amount shall be settled as soon as they have been notified to Registered Participant. 1110. Bank fees of the payer’s bank shall be covered by the payer. Bank fees of the receiving bank shall be covered by the beneficiary. Bank fees of any intermediary bank, shall be covered by the Registered Participant. 1211. The Registered Participant shall not be entitled to offset any amount, or withhold any debts arising in connection with obligations resulting from an Auction, against any claims towards the Allocation Platform, whether or not arising out of an Auction. Nevertheless, the right to offset and the right to withhold are not excluded in case the Registered Participant’s claim against Allocation Platform is established by a legally binding judgement or is uncontested.

Appears in 1 contract

Samples: Allocation Rules for Intraday Capacity Allocation

Invoicing and payment conditions. ‌ 1. The Allocation Platform shall issue invoices for payments for all ~~Daily~~ Intraday Transmission Rights on a monthly basis and no later than the tenth (10th) Working Day of each month for the Auctions with delivery period of the month preceding. 2~~. The invoices shall be issued for the following payments: (a) the amount due set forth in Article 51(2); (b) any relevant taxes and levies subject to Article 52. 3~~. The Allocation Platform shall send the invoice only by ~~email~~ e-mail to the Registered Participant at the ~~email~~ e-mail address of the financial contact person submitted in accordance with Article ~~8(h~~8 paragraph 1(h) or it should make it available to the Registered Participant via the Auction Tool. The date of issuance of the invoice shall be the date on which the email is sent ~~or the date when the invoice is made available via the Auction Tool~~ if this is done during Working Hours or the next day if sent after Working Hours. 43. In the cases of curtailment of ~~Daily~~ Intraday Transmission ~~Rights,~~ Rights in accordance with CHAPTER 6 the invoices shall take into account any payments to be credited to the Registered Participant. The payments to be credited to the Registered Participants shall: (a) be settled through self-billing mechanism which shall allow the Allocation Platform to issue invoices in the name and on behalf of the Registered Participant; and (b) be notified through the same invoice as the one used for the payments of the Registered Participant as set forth in paragraph 2 1 of this Article. 54. The payments due shall be netted ~~by the Allocation Platform~~ taking into account the amount as set forth in ~~paragraph 2~~ paragraphs 1 and 4 3 of this Article. 65. If the balance of the payments as set forth in paragraph ~~2 and~~ 4 of this Article results in a net payment from the Registered Participant to the Allocation Platform, the Registered Participant shall settle this balance within five (5) Working Days after the date of issuance of the invoice. 76. Payments by the Registered Participant as set forth in paragraph 6 5 of this Article shall be collected as follows: (a) based on the standard procedure, the Allocation Platform shall collect the payment automatically from the dedicated Business Account of the Registered Participant on the respective due date of the invoice; or (b) alternatively, the Registered Participant shall ensure payment through a ~~non-~~ non-automated transaction to the account of the Allocation Platform specified on the invoice by indicating the invoice reference. The alternative procedure may be used upon request of the Registered Participant and with the consent of the Allocation Platform. The Registered Participant shall notify the Allocation Platform by email of the request to use the alternative procedure at least two (2) Working Days before the date of issuing of the next invoice as set forth in paragraph 1 of this Article. Once the alternative procedure is ~~agreed~~agreed by the Parties, it shall be deemed to be valid until otherwise agreed between the Registered Participant and the Allocation Platform. 87. If the balance of the payments as set forth in ~~paragraph 2~~ paragraphs 1 and 4 3 of this Article results in a net payment from the Allocation Platform to the Registered Participant, the Allocation Platform shall pay this balance within seven (7) Working Days after the date of issuance of the invoice to the bank account as announced during the accession process in accordance with Article 8 paragraph 1(g) by the Registered Participant who is entitled to the payments at the due date. 98. Upon the collection of the payment as set forth in paragraph 7 6 of this Article, the Allocation Platform shall update the Credit Limit accordingly. 109. In case of an erroneous invoice resulting in an additional payment of the Allocation Platform or the Registered Participant the Allocation Platform shall correct the invoice and any due amount shall be settled as soon as they have been notified to the Registered Participant. 1110. Bank fees of the payer’s bank shall be covered by the payer. Bank fees of the receiving bank shall be covered by the beneficiary. Bank fees of any intermediary ~~bank,~~ bank shall be covered by the Registered Participant. 1211. The Registered Participant shall not be entitled to offset any amount, or withhold any debts arising in connection with obligations resulting from an Auction, against any claims towards the Allocation Platform, whether or not arising out of an Auction. Nevertheless, the right to offset and the right to withhold are not excluded in case the Registered Participant’s claim against Allocation Platform is established by a legally binding judgement or is uncontested.

Appears in 1 contract

Samples: Allocation Rules for Intraday Capacity Allocation

Invoicing and payment conditions. 1. The Allocation Platform shall issue invoices for payments for all Daily Transmission Rights on a monthly basis and no later than the tenth (10th) Working Day of each month for the Auctions with delivery period of the month preceding. 2~~. The invoices shall be issued for the following payments: (a) the amount due set forth in Article 51(2); (b) any relevant taxes and levies subject to Article 52. 3~~. The Allocation Platform shall send the invoice only by ~~email~~ electronic means as specified by the Allocation Platform on its website to the Registered Participant at the ~~email~~ e-mail address of the financial contact person submitted in accordance with Article ~~8(h~~8 paragraph 1(i) or it should make it available to the Registered Participant via the Auction Tool. The date of issuance of the invoice shall be the date on which the ~~email~~ invoice is sent by electronic means as specified by the Allocation Platform on its website or the date when the invoice is made available via the Auction Tool if this is done during Working Hours or the next ~~day~~ Working Day if sent after Working Hours. 43. In the cases of curtailment of Daily Transmission ~~Rights,~~ Rights in accordance with CHAPTER 7 the invoices shall take into account any payments to be credited to the Registered Participant. The payments to be credited to the Registered Participants shall: (a) be settled through self-billing mechanism which shall allow the Allocation Platform to issue invoices in the name and on behalf of the Registered Participant; and (b) be notified through the same invoice as the one used for the payments of the Registered Participant as set forth in paragraph 2 1 of this Article. 54. The payments due shall be netted ~~by the Allocation Platform~~ taking into account the amount as set forth in ~~paragraph 2~~ paragraphs 1 and 4 3 of this Article. 65. If the balance of the payments as set forth in paragraph ~~2 and~~ 4 of this Article results in a net payment from the Registered Participant to the Allocation Platform, the Registered Participant shall settle this balance within five (5) Working Days after the date of issuance of the invoice. 76. Payments by the Registered Participant as set forth in paragraph 6 5 of this Article shall be collected as follows: (a) based on the standard procedure, the Allocation Platform shall collect the payment automatically from the dedicated Business Account of the Registered Participant on the respective due date of the invoice; or (b) alternatively, the Registered Participant shall ensure payment through a non- automated transaction to the account of the Allocation Platform specified on the invoice by indicating the invoice reference. The alternative procedure may be used upon request of the Registered Participant and with the consent of the Allocation Platform. The Registered Participant shall notify the Allocation Platform by ~~email~~ electronic means as specified by the Allocation Platform on its website of the request to use the alternative procedure at least two (2) Working Days before the date of issuing of the next invoice as set forth in paragraph 1 of this Article. Once the alternative procedure is ~~agreed~~agreed by the Parties, it shall be deemed to be valid until otherwise agreed between the Registered Participant and the Allocation Platform. 87. If the balance of the payments as set forth in ~~paragraph 2~~ paragraphs 1 and 4 3 of this Article results in a net payment from the Allocation Platform to the Registered Participant, the Allocation Platform shall pay this balance within seven (7) Working Days after the date of issuance of the invoice to the bank account as announced during the accession process in accordance with Article 8 paragraph ~~1(g~~1(h) by the Registered Participant who is entitled to the payments at the due date. 98. Upon the collection of the payment as set forth in paragraph 7 6 of this Article, the Allocation Platform shall update the Credit Limit accordingly. 109. In case of an erroneous invoice resulting in an additional payment of the Allocation Platform or the Registered Participant the Allocation Platform shall correct the invoice and any due amount shall be settled as soon as ~~they have~~ it has been notified to the Registered Participant. 1110. Bank fees of the payer’s bank shall be covered by the payer. Bank fees of the receiving bank shall be covered by the beneficiary. Bank fees of any intermediary ~~bank,~~ bank shall be covered by the Registered Participant. 1211. The Registered Participant shall not be entitled to offset any amount, or withhold any debts arising in connection with obligations resulting from an Auction, against any claims towards the Allocation Platform, whether or not arising out of an Auction. Nevertheless, the right to offset and the right to withhold are not excluded in case the Registered Participant’s claim against Allocation Platform is established by a legally binding judgement or is uncontested.

Appears in 1 contract

Samples: Eleclink Day Ahead Allocation Rules

Invoicing and payment conditions. 1. The payment will be settled at the next fixed invoice date. 2. The Allocation Platform shall issue invoices for payments for all ~~Daily~~ Transmission Rights on a monthly basis and no later than the tenth (10th) Working Day of each ~~month for the Auctions of the month preceding~~month. 23. The invoices shall be issued for the ~~following payments: (a) the~~ amount due set forth in Article ~~51(2); (b) any relevant taxes and levies subject to Article 52~~50. 34. The Allocation Platform shall send the invoice only by ~~email~~ e-mail via electronic means as specified by the Allocation Platform on its website to the Registered Participant at the ~~email~~ e-mail address of the financial contact person submitted in accordance with Article ~~8(h~~8(i) or it should make it available to the Registered Participant via the Auction Tool. The date of issuance of the invoice shall be the date on which the email invoice is sent by electronic means as specified by the Allocation Platform on its website or the date when the invoice is made available via the Auction Tool if this is done during Working Hours or the next ~~day~~ Working Day if sent after Working Hours. 45. In the cases of curtailment of ~~Daily~~ Transmission Rights, the invoices shall take into account any payments to be credited to the Registered Participant. The payments to be credited to the Registered Participants shall: (a) be settled through ~~self-~~self billing mechanism which shall allow the Allocation Platform to issue invoices in the name and on behalf of the Registered Participant; and (b) be notified through the same invoice as the one used for the payments of the Registered Participant as set forth in paragraph 2 3 of this Article. 56. The payments due shall be netted by the Allocation Platform taking into account the amount as set forth in paragraph 2 3 and 4 5 of this Article. 67. If the balance of the payments as set forth in paragraph 2 3 and 4 5 of this Article results in a net payment from the Registered Participant to the Allocation Platform, the Registered Participant shall settle this balance within five (5) Working Days after the date of issuance of the invoice. 78. Payments by the Registered Participant as set forth in paragraph 6 7 of this Article shall be collected as follows: (a) based on the standard procedure, the Allocation Platform shall collect the payment automatically from the dedicated Business Account of the Registered Participant on the respective due date of the invoice; or (b) alternatively, the Registered Participant shall ensure payment through a non- automated transaction to the account of the Allocation Platform specified on the invoice by indicating the invoice reference. 9. The alternative procedure may be used upon request of the Registered Participant and with the consent of the Allocation Platform. The Registered Participant shall notify the Allocation Platform by email electronic means as specified by the Allocation Platform on its website the request to use the alternative procedure at least two (2) Working Days before the date of issuing of the next invoice as set forth in paragraph 1 2 of this Article. Once the alternative procedure is agreed, it shall be deemed to be valid until otherwise agreed between the Registered Participant and the Allocation Platform. 810. If the balance of the payments as set forth in paragraph 2 3 and 4 5 of this Article results in a net payment from the Allocation Platform to the Registered Participant, the Allocation Platform shall pay this balance within seven (7) Working Days after the date of issuance of the invoice to the bank account as announced during the accession process in accordance with Article 8 paragraph ~~1(g~~1(h) by the Registered Participant who is entitled to the payments at the due date. 911. Upon the collection of the payment as set forth in paragraph 7 8 of this Article, the Allocation Platform shall update the Credit Limit accordingly. 1012. In case of an erroneous invoice resulting in an additional payment of the Allocation Platform or the Registered Participant the Allocation Platform shall correct the invoice and any due amount shall be settled as soon as they have been notified to Registered Participant. 1113. Bank fees of the payer’s bank shall be covered by the payer. Bank fees of the receiving bank shall be covered by the beneficiary. Bank fees of any intermediary bank, shall be covered by the Registered Participant. 1214. The Registered Participant shall not be entitled to offset any amount, or withhold any debts arising in connection with obligations resulting from an Auction, against any claims towards the Allocation Platform, whether or not arising out of an Auction. Nevertheless, the right to offset and the right to withhold are not excluded in case the Registered Participant’s claim against Allocation Platform is established by a legally binding judgement or is uncontested.

Appears in 1 contract

Samples: Rules for Daily Capacity Allocation

Invoicing and payment conditions. 1. The Allocation Platform shall issue invoices for payments for all Daily Transmission Rights on a monthly basis and no later than the tenth (10th) Working Day of each month for the Auctions of the month preceding. 2. The invoices shall be issued for the following payments: (a) the amount due set forth in Article 51(2); (b) any relevant taxes and levies subject to Article 52. 3. The Allocation Platform shall send the invoice only by email to the Registered Participant at the email address of the financial contact person submitted in accordance with Article 8(h) or it should make it available to the Registered Participant via the Auction Tool. The date of issuance of the invoice shall be the date on which the email is sent or the date when the invoice is made available via the Auction Tool if this is done during Working Hours or the next ~~day~~ Working Day if sent after Working Hours. 4. In the cases of curtailment of Daily Transmission Rights, the invoices shall take into account any payments to be credited to the Registered Participant. The payments to be credited to the Registered Participants shall: (a) be settled through self-billing mechanism which shall allow the Allocation Platform to issue invoices in the name and on behalf of the Registered Participant; and (b) be notified through the same invoice as the one used for the payments of the Registered Participant as set forth in paragraph 2 of this Article. 5. The payments due shall be netted by the Allocation Platform taking into account the amount as set forth in paragraph 2 and 4 of this Article. 6. If the balance of the payments as set forth in paragraph 2 and 4 of this Article results in a net payment from the Registered Participant to the Allocation Platform, the Registered Participant shall settle this balance within five (5) Working Days after the date of issuance of the ~~invoice.~~invoice.‌ 7. Payments by the Registered Participant as set forth in paragraph 6 of this Article shall be collected as follows: (a) based on the standard procedure, the Allocation Platform shall collect the payment automatically from the dedicated Business Account of the Registered Participant on the respective due date of the invoice; or (b) alternatively, the Registered Participant shall ensure payment through a non- automated transaction to the account of the Allocation Platform specified on the invoice by indicating the invoice reference. The alternative procedure may be used upon request of the Registered Participant and with the consent of the Allocation Platform. The Registered Participant shall notify the Allocation Platform by email the request to use the alternative procedure at least two (2) Working Days before the date of issuing of the next invoice as set forth in paragraph 1 of this Article. Once the alternative procedure is agreed, it shall be deemed to be valid until otherwise agreed between the Registered Participant and the Allocation Platform. 8. If the balance of the payments as set forth in paragraph 2 and 4 of this Article results in a net payment from the Allocation Platform to the Registered Participant, the Allocation Platform shall pay this balance within seven (7) Working Days after the date of issuance of the invoice to the bank account as announced during the accession process in accordance with Article 8 paragraph 1(g) by the Registered Participant who is entitled to the payments at the due date. 9. Upon the collection of the payment as set forth in paragraph 7 of this Article, the Allocation Platform shall update the Credit Limit accordingly. 10. In case of an erroneous invoice resulting in an additional payment of the Allocation Platform or the Registered Participant the Allocation Platform shall correct the invoice and any due amount shall be settled as soon as they have been notified to Registered Participant. 11. Bank fees of the payer’s bank shall be covered by the payer. Bank fees of the receiving bank shall be covered by the beneficiary. Bank fees of any intermediary bank, shall be covered by the Registered Participant. 12. The Registered Participant shall not be entitled to offset any amount, or withhold any debts arising in connection with obligations resulting from an Auction, against any claims towards the Allocation Platform, whether or not arising out of an Auction. Nevertheless, the right to offset and the right to withhold are not excluded in case the Registered Participant’s claim against Allocation Platform is established by a legally binding judgement or is uncontested.

Appears in 1 contract

Samples: Rules for Daily Explicit Capacity Allocation

Invoicing and payment conditions. 1. The Allocation Platform shall issue invoices for payments for all Daily Transmission Rights on a monthly basis and no later than the tenth (10th) Working Day of each month for the Auctions of the month preceding. 2. The invoices shall be issued for the following payments: (a) the amount due set forth in Article 51(2); (b) any relevant taxes and levies subject to Article 52. 3. The Allocation Platform shall send the invoice only by email to the Registered Participant at the email address of the financial contact person submitted in accordance with Article 8(h) or it should make it available to the Registered Participant via the Auction Tool. The date of issuance of the invoice shall be the date on which the email is sent or the date when the invoice is made available via the Auction Tool if this is done during Working Hours or the next day if sent after Working Hours. 4. In the cases of curtailment of Daily Transmission Rights, the invoices shall take into account any payments to be credited to the Registered Participant. The payments to be credited to the Registered Participants shall: (a) be settled through ~~self-~~self billing mechanism which shall allow the Allocation Platform to issue invoices in the name and on behalf of the Registered Participant; and (b) be notified through the same invoice as the one used for the payments of the Registered Participant as set forth in paragraph 2 of this Article. 5. The payments due shall be netted by the Allocation Platform taking into account the amount as set forth in paragraph 2 and 4 of this Article. 6. If the balance of the payments as set forth in paragraph 2 and 4 of this Article results in a net payment from the Registered Participant to the Allocation Platform, the Registered Participant shall settle this balance within five (5) Working Days after the date of issuance of the invoice. 7. Payments by the Registered Participant as set forth in paragraph 6 of this Article shall be collected as follows: (a) based on the standard procedure, the Allocation Platform shall collect the payment automatically from the dedicated Business Account of the Registered Participant on the respective due date of the invoice; or (b) alternatively, the Registered Participant shall ensure payment through a non- automated transaction to the account of the Allocation Platform specified on the invoice by indicating the invoice reference. The alternative procedure may be used upon request of the Registered Participant and with the consent of the Allocation Platform. The Registered Participant shall notify the Allocation Platform by email the request to use the alternative procedure at least two (2) Working Days before the date of issuing of the next invoice as set forth in paragraph 1 of this Article. Once the alternative procedure is agreed, it shall be deemed to be valid until otherwise agreed between the Registered Participant and the Allocation Platform. 8. If the balance of the payments as set forth in paragraph 2 and 4 of this Article results in a net payment from the Allocation Platform to the Registered Participant, the Allocation Platform shall pay this balance within seven (7) Working Days after the date of issuance of the invoice to the bank account as announced during the accession process in accordance with Article 8 paragraph 1(g) by the Registered Participant who is entitled to the payments at the due date. 9. Upon the collection of the payment as set forth in paragraph 7 of this Article, the Allocation Platform shall update the Credit Limit accordingly. 10. In case of an erroneous invoice resulting in an additional payment of the Allocation Platform or the Registered Participant the Allocation Platform shall correct the invoice and any due amount shall be settled as soon as they have been notified to Registered Participant. 11. Bank fees of the payer’s bank shall be covered by the payer. Bank fees of the receiving bank shall be covered by the beneficiary. Bank fees of any intermediary bank, shall be covered by the Registered Participant. 12. The Registered Participant shall not be entitled to offset any amount, or withhold any debts arising in connection with obligations resulting from an Auction, against any claims towards the Allocation Platform, whether or not arising out of an Auction. Nevertheless, the right to offset and the right to withhold are not excluded in case the Registered Participant’s claim against Allocation Platform is established by a legally binding judgement or is uncontested.

Appears in 1 contract

Samples: Rules for Daily Capacity Allocation

Invoicing and payment conditions. 1. The Allocation Platform shall issue invoices for payments for all ~~Daily~~ Transmission Rights on a monthly basis and no later than the tenth (10th) Working Day of each month for the Auctions with delivery period of the month preceding. 2~~. The invoices shall be issued for the following payments: (a) the amount due set forth in Article 51(2); (b) any relevant taxes and levies subject to Article 52. 3~~. The Allocation Platform shall send the invoice only by ~~email~~ e-mail to the Registered Participant at the ~~email~~ e-mail address of the financial contact person submitted in accordance with Article ~~8(h~~8. Paragraph 1. (i) or it should make it available to the Registered Participant via the Auction Tool. The date of issuance of the invoice shall be the date on which the email is sent ~~or the date when the invoice is made available via the Auction Tool~~ if this is done during Working Hours or the next ~~day~~ Working Day if sent after Working Hours. 43. In the cases of curtailment of ~~Daily~~ Transmission ~~Rights,~~ Rights the invoices shall take into account any payments to be credited to the Registered Participant. The payments to be credited to the Registered Participants shall: (a) be settled through self-billing mechanism which shall allow the Allocation Platform to issue invoices in the name and on behalf of the Registered Participant; and (b) be notified through the same invoice as the one used for the payments of the Registered Participant as set forth in paragraph 2 of this Article.; 54. The payments due shall be netted ~~by the Allocation Platform~~ taking into account the amount as set forth in paragraph 2 1 and 4 3 of this Article. 65. If the balance of the payments as set forth in paragraph ~~2 and~~ 4 of this Article results in a net payment from the Registered Participant to the Allocation Platform, the Registered Participant shall settle this balance within five (5) Working Days after the date of issuance of the invoice. 76. Payments by the Registered Participant as set forth in paragraph 6 5 of this Article shall be collected as follows: (a) ~~based~~ Based on the standard procedure, the Allocation Platform shall collect the payment automatically from the dedicated Business Account of the Registered Participant on the respective due date of the invoice; or (b) alternatively, the Registered Participant shall ensure payment through a ~~non-~~ non-automated transaction to the account of the Allocation Platform specified on the invoice by indicating the invoice reference. The alternative procedure may be used upon request of the Registered Participant and with the consent of the Allocation Platform. The Registered Participant shall notify the Allocation Platform by email the request to use the alternative procedure at least two (2) Working Days before the date of issuing of the next invoice as set forth in paragraph 1 of this Article. Once the alternative procedure is agreed, it shall be deemed to be valid until otherwise agreed between the Registered Participant and the Allocation Platform. 87. If the balance of the payments as set forth in paragraph 2 1 and 4 3 of this Article results in a net payment from the Allocation Platform to the Registered Participant, the Allocation Platform shall pay this balance within seven (7) Working Days after the date of issuance of the invoice to the bank account as announced during the accession process in accordance with Article 8 paragraph ~~1(g~~1(h) by the Registered Participant who is entitled to the payments at the due date. 98. Upon the collection of the payment as set forth in paragraph 7 6 of this Article, the Allocation Platform shall update the Credit Limit accordingly. 109. In case of an erroneous invoice resulting in an additional payment of the Allocation Platform or the Registered Participant the Allocation Platform shall correct the invoice and any due amount shall be settled as soon as they have been notified to Registered Participant. 1110. Bank fees of the payer’s bank shall be covered by the payer. Bank fees of the receiving bank shall be covered by the beneficiary. Bank fees of any intermediary ~~bank,~~ bank shall be covered by the Registered Participant. 1211. The Registered Participant shall not be entitled to offset any amount, or withhold any debts arising in connection with obligations resulting from an Auction, against any claims towards the Allocation Platform, whether or not arising out of an Auction. Nevertheless, the right to offset and the right to withhold are not excluded in case the Registered Participant’s claim against Allocation Platform is established by a legally binding judgement or is uncontested.

Appears in 1 contract

Samples: Allocation Rules for Intraday Capacity Allocation

Invoicing and payment conditions. 1. Payments shall be settled before the start of the Product Period if the Auction timeline allows so. If the Cross Zonal Capacity product has a duration of more than one (1) month, each monthly instalment shall be settled before the start of each respective month if the Auction timeline allows so. If the settlement of an amount due for allocated Long Term Transmission Rights is not possible before the start of the Product Period then the payment will be settled at the next fixed invoice date. 2. The Allocation Platform shall issue invoices for payments for all ~~Daily~~ Long Term Transmission Rights on a monthly basis and no later than the tenth (10th) Working Day of each ~~month for the Auctions of the month preceding~~month. 23. The invoices shall be issued for the following payments: a. the amount of the monthly instalment(s) if the Long Term Transmission Right has a duration of more than a month as set forth in Article 63(4) and (a) 5); b. the amount due set forth in Article ~~51(2)~~63(2) if the Long Term Transmission Right has a duration equal to a month or less; ~~(b)~~ c. if requested by the Registered Participant amounts for advanced payment of monthly instalments that would otherwise be settled with subsequent invoices; and d. any relevant taxes and levies subject to Article 5264. 34. The Allocation Platform shall send the invoice ~~only~~ via electronic means as specified by ~~email~~ the Allocation Platform on its website to the Registered Participant at the ~~email~~ e-mail address of the financial contact person submitted in accordance with Article ~~8(h~~9 paragraph 1 (i) or it should make it available to the Registered Participant via the Auction Tool. The date of issuance of the invoice shall be the date on which the ~~email~~ invoice is sent by electronic means as specified by the Allocation Platform on its website or the date when the invoice is made available via the Auction Tool if this is done during Working Hours or the next ~~day~~ Working Day if sent after Working Hours. 45. In the cases of curtailment of ~~Daily~~ Long Term Transmission Rights, return of Long Term Transmission Rights according to Article 40 or remuneration of Long Term Transmission Rights according to Article 48, the invoices shall take into account any payments to be credited to the Registered Participant. The payments to be credited to the Registered Participants shall: ~~(a)~~ a. be settled through ~~self-~~self billing mechanism which shall allow the Allocation Platform to issue invoices in the name and on behalf of the Registered Participant; and ~~(b)~~ b. be notified through the same invoice as the one used for the payments of the Registered Participant as set forth in paragraph 2 3 of this Article. 56. The payments due shall be netted by the Allocation Platform taking into account the amount as set forth in paragraph 2 3 and 4 5 of this Article. 67. If the balance of the payments as set forth in paragraph 2 3 and 4 5 of this Article results in a net payment from the Registered Participant to the Allocation Platform, the Registered Participant shall settle this balance within five (5) Working Days after the date of issuance of the invoice. 78. Payments by the Registered Participant as set forth in paragraph 6 7 of this Article shall be collected as follows: ~~(a)~~ a. based on the standard procedure, the Allocation Platform shall collect the payment automatically from the dedicated Business Account of the Registered Participant on the respective due date of the invoice; or ~~(b)~~ b. alternatively, the Registered Participant shall ensure payment through a ~~non-~~ non-automated transaction to the account of the Allocation Platform specified on the invoice by indicating the invoice reference. The alternative procedure may be used upon request of the Registered Participant and with the consent of the Allocation Platform. The Registered Participant shall notify the Allocation Platform by ~~email~~ electronic means as specified by the Allocation Platform on its website the request to use the alternative procedure at least two (2) Working Days before the date of issuing of the next invoice as set forth in paragraph 1 2 of this Article. Once the alternative procedure is agreed, it shall be deemed to be valid until otherwise agreed between the Registered Participant and the Allocation Platform. 89. If the balance of the payments as set forth in paragraph 2 3 and 4 5 of this Article results in a net payment from the Allocation Platform to the Registered Participant, the Allocation Platform shall pay this balance within seven (7) Working Days after the date of issuance of the invoice to the bank account as announced during the accession process in accordance with Article 8 9 paragraph ~~1(g~~1(h) by the Registered Participant who is entitled to the payments at the due date. 910. Upon the collection of the payment as set forth in paragraph 7 8 of this Article, the Allocation Platform shall update the Credit Limit accordingly. 1011. In case of an erroneous invoice resulting in an additional payment of the Allocation Platform or the Registered Participant the Allocation Platform shall correct the invoice and any due amount shall be settled as soon as they have been notified to Registered Participant. 1112. Bank fees of the payer’s bank shall be covered by the payer. Bank fees of the receiving bank shall be covered by the beneficiary. Bank fees of any intermediary bank, shall be covered by the Registered Participant. 1213. The Registered Participant shall not be entitled to offset any amount, or withhold any debts arising in connection with obligations resulting from an Auction, against any claims towards the Allocation Platform, whether or not arising out of an Auction. Nevertheless, the right to offset and the right to withhold are not excluded in case the Registered Participant’s claim against Allocation Platform is established by a legally binding judgement or is uncontested.

Appears in 1 contract

Samples: Rules for Forward Capacity Allocation

Invoicing and payment conditions. 1. The payment will be settled at the next fixed invoice date. 2. The Allocation Platform shall issue invoices for payments for all ~~Daily~~ Transmission Rights on a monthly basis and no later than the tenth (10th) Working Day of each ~~month for the Auctions of the month preceding~~month. 23. The invoices shall be ~~issued for the following payments: (a)~~ issuedfor the amount due set forth in Article ~~51(2); (b) any relevant taxes and levies subject to Article 52~~41. 34. The Allocation Platform shall send the invoice only by ~~email~~ e-mail to the Registered Participant at the ~~email~~ e- mail address of the financial contact person submitted in accordance with Article 8(h) or it should make it available to the Registered Participant via the Auction Tool. The date of issuance of the invoice shall be the date on which the email is sent or the date when the invoice is made available via the Auction Tool if this is done during Working ~~Hours or~~ Hoursor the next day if sent after Working Hours. 45. In the cases of curtailment of ~~Daily~~ Transmission Rights, the invoices shall take into account any payments to be credited to the Registered Participant. The payments to be credited to the Registered ~~Participants shall~~Participantsshall: (a) be settled through self-billing mechanism which shall allow the Allocation Platform to issue invoices in the name and on behalf of the Registered Participant; and (b) be notified through the same invoice as the one used for the payments of the Registered Participant as set forth in paragraph 2 4 of this Article. 56. The payments due shall be netted by the Allocation Platform taking into account the amount as set forth in paragraph 2 and 4 5 of this Article. 67. If the balance of the payments as set forth in paragraph 2 3 and 4 5 of this Article results in a net payment from the Registered Participant to the Allocation Platform, the Registered Participant shall settle this balance within five (5) Working Days after the date of issuance of the invoice. 78. Payments by the Registered Participant as set forth in paragraph 6 7 of this Article shall be collected as follows: (a) based on the standard procedure, the Allocation Platform shall collect the payment automatically from the dedicated Business Account of the Registered Participant on the respective due date of the invoice; or (b) alternatively, the Registered Participant shall ensure payment through a ~~non-~~ non-automated transaction to the account of the Allocation Platform specified on the invoice by indicating the invoice reference. 9. The alternative procedure may be used upon request of the Registered Participant and with the ~~consent of~~ consentof the ~~Allocation Platform~~AllocationPlatform. The Registered Participant shall notify the ~~Allocation Platform~~ AllocationPlatform by email the request to use the alternative procedure at least two (2) Working Days before the date of issuing of the next invoice as set forth in paragraph 1 2 of this Article. Once the alternative procedure is agreed, it shall be deemed to be valid until otherwise agreed between the Registered Participant and the Allocation Platform. 810. If the balance of the payments as set forth in paragraph 2 and 4 5. of this Article results in a net payment from the Allocation Platform to the Registered Participant, the Allocation Platform shall pay this balance within seven (7) Working Days after the date of issuance of the invoice to the bank account as announced during the accession process in accordance with Article 8 paragraph 1(g) by the ~~Registered Participant~~ RegisteredParticipant who is ~~entitled to~~ entitledto the payments at the due date. ~~9. Upon the collection of the payment as set forth in paragraph 7 of this Article, the Allocation Platform shall update the Credit Limit accordingly. 10~~11. In case of an erroneous invoice resulting in an additional payment of the Allocation Platform or the Registered Participant the Allocation Platform shall correct the invoice and any due amount shall be settled as soon as they have been ~~notified to~~ notifiedto Registered Participant. 1112. Bank fees of the payer’s bank shall be covered by the payer. Bank fees of the receiving bank shall be covered by the beneficiary. Bank fees of any intermediary bank, shall be covered by the Registered Participant. 1213. The Registered Participant shall not be entitled to offset any amount, or withhold any debts arising in connection with obligations resulting from an a Shadow Auction, against any claims towards the Allocation Platform, whether or not arising out of an a Shadow Auction. Nevertheless, the right to offset and the right to withhold are not excluded in case the Registered Participant’s claim against Allocation Platform is established by a legally binding judgement or is uncontested.

Appears in 1 contract

Samples: Shadow Allocation Rules

Invoicing and payment conditions. 1. Payments shall be settled before the start of the Product Period if the Auction timeline allows so. If the Cross Zonal Capacity product has a duration of more than one (1) month, each monthly instalment shall be settled before the start of each respective month if the Auction timeline allows so. If the settlement of an amount due for allocated Long Term Transmission Rights is not possible before the start of the Product Period then the payment will be settled at the next fixed invoice date. 2. The Single Allocation Platform shall issue invoices for payments for all ~~Daily~~ Long Term Transmission Rights on a monthly basis and no later than the tenth (10th) Working Day of each ~~month for the Auctions of the month preceding~~month. 23. The invoices shall be issued for the following ~~payments~~payment: (a) the amount of the monthly instalment(s) if the Long Term Transmission Right has a duration of more than a month as set forth in Article 63(4) and (5); (b) the amount due set forth in Article ~~51(2)~~63(2) if the Long Term Transmission Right has a duration equal to a month or less; (bc) if requested by the Registered Participant amounts for advanced payment of monthly instalments that would otherwise be settled with subsequent invoices; and (d) any relevant taxes and levies subject to Article 5264. 34. The Single Allocation Platform shall send the invoice ~~only~~ via electronic means as specified by ~~email~~ the Single Allocation Platform on its website to the Registered Participant at the ~~email~~ e-mail address of the financial contact person submitted in accordance with Article ~~8(h~~9(i) or it should make it available to the Registered Participant via the Auction Tool. The date of issuance of the invoice shall be the date on which the ~~email~~ invoice is sent by electronic means as specified by the Single Allocation Platform on its website or the date when the invoice is made available via the Auction Tool if this is done during Working Hours or the next ~~day~~ Working Day if sent after Working Hours. 45. In the cases of curtailment of ~~Daily~~ Long Term Transmission Rights, return of Long Term Transmission Rights according to Article 40 or remuneration of Long Term Transmission Rights according to Article 48, the invoices shall take into account any payments to be credited to the Registered Participant. The payments to be credited to the Registered Participants shall: (a) be settled through ~~self-~~self billing mechanism which shall allow the Single Allocation Platform to issue invoices in the name and on behalf of the Registered Participant; and (b) be notified through the same invoice as the one used for the payments of the Registered Participant as set forth in paragraph 2 3 of this Article. 56. Where compensations are due to the Registered Participant in respect of curtailment of Long Term Transmission Rights and are subject to a cap set forth in Article 59(2), such compensations shall be settled with the first invoice to be issued after the end of the relevant month and subject to a cap determined as the total amount of Congestion Income collected by the concerned TSOs on the Bidding Zone border in the relevant month, deducting all remunerations paid according to Article 40 and Article 48 and compensations paid according to Article 60 and where applicable Article 61 for the considered month. The total amount of Congestion Income in one month is defined as the sum of a twelfth of the revenues raised at yearly Auction on the concerned Bidding Zone Border and the revenues generated by the monthly Auction and Congestion Income from other timeframes which occurred during this month on the concerned Bidding Zone border. 7. An invoice shall be issued after the end of the relevant period over which caps on compensation are calculated in accordance with Article 59(2), reconciling any discrepancy between the compensations paid out on a monthly basis and the compensations required to be paid out in accordance with Article 59(2). In the case of default of a market participant, TSO cost recovery shall be ensured by relevant NRAs in accordance with the applicable legislation. 8. The payments due shall be netted by the Single Allocation Platform taking into account the amount as set forth in paragraph 2 3 and 4 5 of this Article. 69. If the balance of the payments as set forth in paragraph 2 3 and 4 5 of this Article results in a net payment from the Registered Participant to the Single Allocation Platform, the Registered Participant shall settle this balance within five (5) Working Days after the date of issuance of the invoice. 710. Payments by the Registered Participant as set forth in paragraph 6 7 of this Article shall be collected as follows: (a) based on the standard procedure, the Single Allocation Platform shall collect the payment automatically from the dedicated Business Account of the Registered Participant on the respective due date of the invoice; or (b) alternatively, the Registered Participant shall ensure payment through a ~~non-~~ non-automated transaction to the account of the Single Allocation Platform specified on the invoice by indicating the invoice reference. 11. The alternative procedure may be used upon request of the Registered Participant and with the consent of the Single Allocation Platform. The Registered Participant shall notify the Single Allocation Platform by ~~email~~ electronic means as specified by the Single Allocation Platform on its website the request to use the alternative procedure at least two (2) Working Days before the date of issuing of the next invoice as set forth in paragraph 1 2 of this Article. Once the alternative procedure is agreed, it shall be deemed to be valid until otherwise agreed between the Registered Participant and the Single Allocation Platform. 812. If the balance of the payments as set forth in paragraph 2 3 and 4 5 of this Article results in a net payment from the Single Allocation Platform to the Registered Participant, the Single Allocation Platform shall pay this balance within seven (7) Working Days after the date of issuance of the invoice to the bank account as announced during the accession process in accordance with ~~Article 8~~ 0 paragraph ~~1(g~~1(h) by the Registered Participant who is entitled to the payments at the due date. 913. Upon the collection of the payment as set forth in paragraph 7 8 of this Article, the Single Allocation Platform shall update the Credit Limit accordingly. 1014. In case of an erroneous invoice resulting in an additional payment of the Single Allocation Platform or the Registered Participant the Single Allocation Platform shall correct the invoice and any due amount shall be settled as soon as they have been notified to Registered Participant. 1115. Bank fees of the payer’s bank shall be covered by the payer. Bank fees of the receiving bank shall be covered by the beneficiary. Bank fees of any intermediary bank, shall be covered by the Registered Participant. 1216. The Registered Participant shall not be entitled to offset any amount, or withhold any debts arising in connection with obligations resulting from an Auction, against any claims towards the Single Allocation Platform, whether or not arising out of an Auction. Nevertheless, the right to offset and the right to withhold are not excluded in case the Registered Participant’s claim against the Single Allocation Platform is established by a legally binding judgement or is uncontested.

Appears in 1 contract

Samples: Harmonised Allocation Rules for Long Term Transmission Rights

Invoicing and payment conditions. 1. The payment will be settled at the next fixed invoice date. 2. The Allocation Platform shall issue invoices for payments for all Daily Transmission Rights on a monthly basis and no later than the tenth (10th) Working Day of each ~~month for the Auctions of the month preceding~~month. 23. The invoices shall be issued for the ~~following payments: (a) the~~ amount due set forth in Article ~~51(2); (b) any relevant taxes and levies subject to Article 52~~49. 34. The Allocation Platform shall send the invoice ~~only~~ via electronic means as specified by ~~email~~ the Allocation Platform on its website to the Registered Participant at the ~~email~~ e-mail address of the financial contact person submitted in accordance with Article ~~8(h~~9(i) or it should make it available to the Registered Participant via the Auction Tool. The date of issuance of the invoice shall be the date on which the ~~email~~ invoice is sent by electronic means as specified by the Allocation Platform on its website or the date when the invoice is made available via the Auction Tool if this is done during Working Hours or the next ~~day~~ Working Day if sent after Working Hours. 45. In the cases of curtailment of Daily Transmission Rights, the invoices shall take into account any payments to be credited to the Registered Participant. The payments to be credited to the Registered Participants shall: (a) be settled through ~~self-~~self billing mechanism which shall allow the Allocation Platform to issue invoices in the name and on behalf of the Registered Participant; and (b) be notified through the same invoice as the one used for the payments of the Registered Participant as set forth in paragraph 2 3 of this Article. 56. The payments due shall be netted by the Allocation Platform taking into account the amount as set forth in paragraph 2 3 and 4 5 of this Article. 67. If the balance of the payments as set forth in paragraph 2 3 and 4 5 of this Article results in a net payment from the Registered Participant to the Allocation Platform, the Registered Participant shall settle this balance within five (5) Working Days after the date of issuance of the invoice. 78. Payments by the Registered Participant as set forth in paragraph 6 7 of this Article shall be collected as follows: (a) based on the standard procedure, the Allocation Platform shall collect the payment automatically from the dedicated Business Account of the Registered Participant on the respective due date of the invoice; or (b) alternatively, the Registered Participant shall ensure payment through a non- automated transaction to the account of the Allocation Platform specified on the invoice by indicating the invoice reference. 9. The alternative procedure may be used upon request of the Registered Participant and with the consent of the Allocation Platform. The Registered Participant shall notify the Allocation Platform by ~~email~~ electronic means as specified by the Allocation Platform on its website the request to use the alternative procedure at least two (2) Working Days before the date of issuing of the next invoice as set forth in paragraph 1 2 of this Article. Once the alternative procedure is agreed, it shall be deemed to be valid until otherwise agreed between the Registered Participant and the Allocation Platform. 810. If the balance of the payments as set forth in paragraph 2 3 and 4 5 of this Article results in a net payment from the Allocation Platform to the Registered Participant, the Allocation Platform shall pay this balance within seven (7) Working Days after the date of issuance of the invoice to the bank account as announced during the accession process in accordance with Article 8 9 paragraph ~~1(g~~1(h) by the Registered Participant who is entitled to the payments at the due date. 911. Upon the collection of the payment as set forth in paragraph 7 8 of this Article, the Allocation Platform shall update the Credit Limit accordingly. 1012. In Erroneous invoices shall be corrected and settled as follows: a. in case of an erroneous invoice resulting in an additional payment of the Allocation Platform or the Registered Participant the Allocation Platform shall correct the invoice and any due amount shall be settled ~~as soon as they have been notified~~ within thirty (30) Working Days to the Registered Participant. 11b. in case of an erroneous invoice based on erroneous information provided by third parties, the Allocation Platform will be given ninety (90) Working Days, from the date the Registered Participant informed the Allocation Platform of the erroneous information, to correct the amount and settle the amount to the Registered Participant. c. in case the error in the invoice occurred due to technical constraint and if the resolution of technical constraint require the Allocation Platform to update the Auction Tool, the Allocation Platform will be given one hundred eighty (180) Working Days to resolve the technical constraint, correct the invoice and settle the amount to the Registered Participant. 13. Bank fees of the payer’s bank shall be covered by the payer. Bank fees of the receiving bank shall be covered by the beneficiary. Bank fees of any intermediary bank, shall be covered by the Registered Participant. 1214. The Registered Participant shall not be entitled to offset any amount, or withhold any debts arising in connection with obligations resulting from an Auction, against any claims towards the Allocation Platform, whether or not arising out of an Auction. Nevertheless, the right to offset and the right to withhold are not excluded in case the Registered Participant’s claim against Allocation Platform is established by a legally binding judgement or is uncontested.

Appears in 1 contract

Samples: Rules for Daily Capacity Allocation on Ukrainian Borders

Invoicing and payment conditions. ‌ 1. The Allocation Platform shall issue invoices for payments for all Daily Transmission Rights on a monthly basis and no later than the tenth (10th) Working Day of each month for the Auctions of the month ~~preceding.~~preceding.‌ 2. The invoices shall be issued for the following payments: (a) the amount due set forth in Article 51(2); (b) any relevant taxes and levies subject to Article 52. 3. The Allocation Platform shall send the invoice only by email to the Registered Participant at the email address of the financial contact person submitted in accordance with Article 8(h) or it should make it available to the Registered Participant via the Auction Tool. The date of issuance of the invoice shall be the date on which the email is sent or the date when the invoice is made available via the Auction Tool if this is done during Working Hours or the next ~~day~~ Working Day if sent after Working Hours. 4. In the cases of curtailment of Daily Transmission Rights, the invoices shall take into account any payments to be credited to the Registered Participant. The payments to be credited to the Registered Participants shall: (a) be settled through self-billing mechanism which shall allow the Allocation Platform to issue invoices in the name and on behalf of the Registered Participant; and (b) be notified through the same invoice as the one used for the payments of the Registered Participant as set forth in paragraph 2 of this Article. 5. The payments due shall be netted by the Allocation Platform taking into account the amount as set forth in paragraph 2 and 4 of this Article. 6. If the balance of the payments as set forth in paragraph 2 and 4 of this Article results in a net payment from the Registered Participant to the Allocation Platform, the Registered Participant shall settle this balance within five (5) Working Days after the date of issuance of the invoice. 7. Payments by the Registered Participant as set forth in paragraph 6 of this Article shall be collected as follows: (a) based on the standard procedure, the Allocation Platform shall collect the payment automatically from the dedicated Business Account of the Registered Participant on the respective due date of the invoice; or (b) alternatively, the Registered Participant shall ensure payment through a non- automated transaction to the account of the Allocation Platform specified on the invoice by indicating the invoice reference. The alternative procedure may be used upon request of the Registered Participant and with the consent of the Allocation Platform. The Registered Participant shall notify the Allocation Platform by email the request to use the alternative procedure at least two (2) Working Days before the date of issuing of the next invoice as set forth in paragraph 1 of this Article. Once the alternative procedure is agreed, it shall be deemed to be valid until otherwise agreed between the Registered Participant and the Allocation Platform. 8. If the balance of the payments as set forth in paragraph 2 and 4 of this Article results in a net payment from the Allocation Platform to the Registered Participant, the Allocation Platform shall pay this balance within seven (7) Working Days after the date of issuance of the invoice to the bank account as announced during the accession process in accordance with Article 8 paragraph 1(g) by the Registered Participant who is entitled to the payments at the due date. 9. Upon the collection of the payment as set forth in paragraph 7 of this Article, the Allocation Platform shall update the Credit Limit accordingly. 10. In case of an erroneous invoice resulting in an additional payment of the Allocation Platform or the Registered Participant the Allocation Platform shall correct the invoice and any due amount shall be settled as soon as they have been notified to Registered Participant. 11. Bank fees of the payer’s bank shall be covered by the payer. Bank fees of the receiving bank shall be covered by the beneficiary. Bank fees of any intermediary bank, shall be covered by the Registered Participant. 12. The Registered Participant shall not be entitled to offset any amount, or withhold any debts arising in connection with obligations resulting from an Auction, against any claims towards the Allocation Platform, whether or not arising out of an Auction. Nevertheless, the right to offset and the right to withhold are not excluded in case the Registered Participant’s claim against Allocation Platform is established by a legally binding judgement or is uncontested.

Appears in 1 contract

Samples: Rules for Explicit Daily Capacity Allocation

Invoicing and payment conditions. 1. The payment will be settled at the next fixed invoice date. 2. The Allocation Platform shall issue invoices for payments for all ~~Daily~~ Transmission Rights on a monthly basis and no later than the tenth (10th) Working Day of each ~~month for the Auctions of the month preceding~~month. 23. The invoices shall be issued for the ~~following payments: (a) the~~ amount due set forth in Article ~~51(2); (b) any relevant taxes and levies subject to Article 52~~50. 34. The Allocation Platform shall send the invoice ~~only~~ via electronic means as specified by ~~email~~ the Allocation Platform on its website to the Registered Participant at the ~~email~~ e-mail address of the financial contact person submitted in accordance with Article ~~8(h~~8 paragraph 1 (i) or it should make it available to the Registered Participant via the Auction Tool. The date of issuance of the invoice shall be the date on which the ~~email~~ invoice is sent by electronic means as specified by the Allocation Platform on its website or the date when the invoice is made available via the Auction Tool if this is done during Working Hours or the next ~~day~~ Working Day if sent after Working Hours. 45. In the cases of curtailment of ~~Daily~~ Transmission Rights, the invoices shall take into account any payments to be credited to the Registered Participant. The payments to be credited to the Registered Participants shall: ~~(a)~~ a. be settled through self-billing mechanism which shall allow the Allocation Platform to issue invoices in the name and on behalf of the Registered Participant; and ~~(b)~~ b. be notified through the same invoice as the one used for the payments of the Registered Participant as set forth in paragraph 2 3 of this Article. 56. The payments due shall be netted by the Allocation Platform taking into account the amount as set forth in paragraph 2 3 and 4 5 of this Article. 67. If the balance of the payments as set forth in paragraph 2 3 and 4 5 of this Article results in a net payment from the Registered Participant to the Allocation Platform, the Registered Participant shall settle this balance within five (5) Working Days after the date of issuance of the invoice. 78. Payments by the Registered Participant as set forth in paragraph 6 7 of this Article shall be collected as follows: ~~(a)~~ a. based on the standard procedure, the Allocation Platform shall collect the payment automatically from the dedicated Business Account of the Registered Participant on the respective due date of the invoice; or ~~(b)~~ b. alternatively, the Registered Participant shall ensure payment through a non- automated transaction to the account of the Allocation Platform specified on the invoice by indicating the invoice reference. The alternative procedure may be used upon request of the Registered Participant and with the consent of the Allocation Platform. The Registered Participant shall notify the Allocation Platform by ~~email~~ electronic means as specified by the Allocation Platform on its website the request to use the alternative procedure at least two (2) Working Days before the date of issuing of the next invoice as set forth in paragraph 1 2 of this Article. Once the alternative procedure is agreed, it shall be deemed to be valid until otherwise agreed between the Registered Participant and the Allocation Platform. 89. If the balance of the payments as set forth in paragraph 2 3 and 4 5 of this Article results in a net payment from the Allocation Platform to the Registered Participant, the Allocation Platform shall pay this balance within seven (7) Working Days after the date of issuance of the invoice to the bank account as announced during the accession process in accordance with Article 8 paragraph ~~1(g~~1(h) by the Registered Participant who is entitled to the payments at the due date. 910. Upon the collection of the payment as set forth in paragraph 7 8 of this Article, the Allocation Platform shall update the Credit Limit accordingly. 1011. In case of an erroneous invoice resulting in an additional payment of the Allocation Platform or the Registered Participant the Allocation Platform shall correct the invoice and any due amount shall be settled as soon as they have been notified to Registered Participant. 1112. Bank fees of the payer’s bank shall be covered by the payer. Bank fees of the receiving bank shall be covered by the beneficiary. Bank fees of any intermediary bank, shall be covered by ~~the Registered Participant.~~the 1213. The Registered Participant shall not be entitled to offset any amount, or withhold any debts arising in connection with obligations resulting from an Auction, against any claims towards the Allocation Platform, whether or not arising out of an Auction. Nevertheless, the right to offset and the right to withhold are not excluded in case the Registered Participant’s claim against Allocation Platform is established by a legally binding judgement or is uncontested.

Appears in 1 contract

Samples: Rules for Daily Capacity Allocation

Invoicing and payment conditions. 1. The Allocation Platform shall issue invoices for payments for all ~~Daily~~ Transmission Rights on a monthly basis and no later than the tenth (10th) Working Day of each month for the Auctions with delivery period of the month preceding. 2~~. The invoices shall be issued for the following payments: (a) the amount due set forth in Article 51(2); (b) any relevant taxes and levies subject to Article 52. 3~~. The Allocation Platform shall send the invoice only by ~~email~~ e-mail to the Registered Participant at the ~~email~~ e-mail address of the financial contact person submitted in accordance with Article 8(h) or it should make it available to the Registered Participant via the Auction Tool. The date of issuance of the invoice shall be the date on which the email is sent ~~or the date when the invoice is made available via the Auction Tool~~ if this is done during Working Hours or the next ~~day~~ Working Day if sent after Working Hours. 43. In the cases of curtailment of ~~Daily~~ Transmission ~~Rights,~~ Rights the invoices shall take into account any payments to be credited to the Registered Participant. The payments to be credited to the Registered Participants shall: (a) be settled through self-billing mechanism which shall allow the Allocation Platform to issue invoices in the name and on behalf of the Registered Participant; and (b) be notified through the same invoice as the one used for the payments of the Registered Participant as set forth in paragraph 2 of this Article.; 54. The payments due shall be netted ~~by the Allocation Platform~~ taking into account the amount as set forth in paragraph 2 1 and 4 3 of this Article. 65. If the balance of the payments as set forth in paragraph ~~2 and~~ 4 of this Article results in a net payment from the Registered Participant to the Allocation Platform, the Registered Participant shall settle this balance within five (5) Working Days after the date of issuance of the invoice. 76. Payments by the Registered Participant as set forth in paragraph 6 5 of this Article shall be collected as follows: (a) ~~based~~ Based on the standard procedure, the Allocation Platform shall collect the payment automatically from the dedicated Business Account of the Registered Participant on the respective due date of the invoice; or (b) alternatively, the Registered Participant shall ensure payment through a ~~non-~~ non-automated transaction to the account of the Allocation Platform specified on the invoice by indicating the invoice reference. The alternative procedure may be used upon request of the Registered Participant and with the consent of the Allocation Platform. The Registered Participant shall notify the Allocation Platform by email the request to use the alternative procedure at least two (2) Working Days before the date of issuing of the next invoice as set forth in paragraph 1 of this Article. Once the alternative procedure is agreed, it shall be deemed to be valid until otherwise agreed between the Registered Participant and the Allocation Platform. 87. If the balance of the payments as set forth in paragraph 2 1 and 4 3 of this Article results in a net payment from the Allocation Platform to the Registered Participant, the Allocation Platform shall pay this balance within seven (7) Working Days after the date of issuance of the invoice to the bank account as announced during the accession process in accordance with Article 8 paragraph 1(g) by the Registered Participant who is entitled to the payments at the due date. 98. Upon the collection of the payment as set forth in paragraph 7 6 of this Article, the Allocation Platform shall update the Credit Limit accordingly. 109. In case of an erroneous invoice resulting in an additional payment of the Allocation Platform or the Registered Participant the Allocation Platform shall correct the invoice and any due amount shall be settled as soon as they have been notified to Registered Participant. 1110. Bank fees of the payer’s bank shall be covered by the payer. Bank fees of the receiving bank shall be covered by the beneficiary. Bank fees of any intermediary ~~bank,~~ bank shall be covered by the Registered Participant. 1211. The Registered Participant shall not be entitled to offset any amount, or withhold any debts arising in connection with obligations resulting from an Auction, against any claims towards the Allocation Platform, whether or not arising out of an Auction. Nevertheless, the right to offset and the right to withhold are not excluded in case the Registered Participant’s claim against Allocation Platform is established by a legally binding judgement or is uncontested.

Appears in 1 contract

Samples: Allocation Rules for Intraday Capacity Allocation

Invoicing and payment conditions. 1. Payments shall be settled before the start of the Product Period if the Auction timeline allows so. If the Cross Zonal Capacity product has a duration of more than one (1) month, each monthly instalment shall be settled before the start of each respective month if the Auction timeline allows so. If the settlement of an amount due for allocated Long Term Transmission Rights is not possible before the start of the Product Period then the payment will be settled at the next fixed invoice date. 2. The Single Allocation Platform shall issue invoices for payments for all ~~Daily~~ Long Term Transmission Rights on a monthly basis and no later than the tenth (10th) Working Day of each ~~month for the Auctions of the month preceding~~month. 23. The invoices shall be issued for the following ~~payments~~payment: (a) the amount of the monthly instalment(s) if the Long Term Transmission Right has a duration of more than a month as set forth in Article 63(4) and (5); (b) the amount due set forth in Article ~~51(2)~~63(2) if the Long Term Transmission Right has a duration equal to a month or less; (bc) if requested by the Registered Participant amounts for advanced payment of monthly instalments that would otherwise be settled with subsequent invoices; and (d) any relevant taxes and levies subject to Article 5264. 34. The Single Allocation Platform shall send the invoice ~~only~~ via electronic means as specified by ~~email~~ the Single Allocation Platform on its website to the Registered Participant at the ~~email~~ e-mail address of the financial contact person submitted in accordance with Article ~~8(h~~9(i) or it should make it available to the Registered Participant via the Auction Tool. The date of issuance of the invoice shall be the date on which the ~~email~~ invoice is sent by electronic means as specified by the Single Allocation Platform on its website or the date when the invoice is made available via the Auction Tool if this is done during Working Hours or the next ~~day~~ Working Day if sent after Working Hours. 45. In the cases of curtailment of ~~Daily~~ Long Term Transmission Rights, return of Long Term Transmission Rights according to Article 40 or remuneration of Long Term Transmission Rights according to Article 48, the invoices shall take into account any payments to be credited to the Registered Participant. The payments to be credited to the Registered Participants shall: (a) be settled through ~~self-~~self billing mechanism which shall allow the Single Allocation Platform to issue invoices in the name and on behalf of the Registered Participant; and (b) be notified through the same invoice as the one used for the payments of the Registered Participant as set forth in paragraph 2 3 of this Article. 56. Where compensations are due to the Registered Participant in respect of curtailment of Long Term Transmission Rights and are subject to a cap set forth in Article 59(2), such compensations shall be settled with the first invoice to be issued after the end of the relevant month and subject to a cap determined as the total amount of Congestion Income collected by the concerned TSOs on the Bidding Zone border in the relevant month, deducting all remunerations paid according to Article 40 and Article 48 and compensations paid according to Article 60 and where applicable Article 61 for the considered month. The total amount of Congestion Income in one month is defined as the sum of a twelfth of the revenues raised at yearly Auction on the concerned Bidding Zone Border and the revenues generated by the monthly Auction and Congestion Income from other timeframes which occurred during this month on the concerned Bidding Zone border. 7. An invoice shall be issued after the end of the relevant period over which caps on compensation are calculated in accordance with Article 59(2), reconciling any discrepancy between the compensations paid out on a monthly basis and the compensations required to be paid out in accordance with Article 59(2). In the case of default of a market participant, TSO cost recovery shall be ensured by relevant NRAs in accordance with the applicable legislation. 8. The payments due shall be netted by the Single Allocation Platform taking into account the amount as set forth in paragraph 2 3 and 4 5 of this Article. 69. If the balance of the payments as set forth in paragraph 2 3 and 4 5 of this Article results in a net payment from the Registered Participant to the Single Allocation Platform, the Registered Participant shall settle this balance within five (5) Working Days after the date of issuance of the invoice. 710. Payments by the Registered Participant as set forth in paragraph 6 7 of this Article shall be collected as follows: (a) based on the standard procedure, the Single Allocation Platform shall collect the payment automatically from the dedicated Business Account of the Registered Participant on the respective due date of the invoice; or (b) alternatively, the Registered Participant shall ensure payment through a non- automated transaction to the account of the Single Allocation Platform specified on the invoice by indicating the invoice reference. 11. The alternative procedure may be used upon request of the Registered Participant and with the consent of the Single Allocation Platform. The Registered Participant shall notify the Single Allocation Platform by ~~email~~ electronic means as specified by the Single Allocation Platform on its website the request to use the alternative procedure at least two (2) Working Days before the date of issuing of the next invoice as set forth in paragraph 1 2 of this Article. Once the alternative procedure is agreed, it shall be deemed to be valid until otherwise agreed between the Registered Participant and the Single Allocation Platform. 812. If the balance of the payments as set forth in paragraph 2 3 and 4 5 of this Article results in a net payment from the Single Allocation Platform to the Registered Participant, the Single Allocation Platform shall pay this balance within seven (7) Working Days after the date of issuance of the invoice to the bank account as announced during the accession process in accordance with ~~Article 8~~ 0 paragraph ~~1(g~~1(h) by the Registered Participant who is entitled to the payments at the due date. 913. Upon the collection of the payment as set forth in paragraph 7 8 of this Article, the Single Allocation Platform shall update the Credit Limit accordingly. 1014. In case of an erroneous invoice resulting in an additional payment of the Single Allocation Platform or the Registered Participant the Single Allocation Platform shall correct the invoice and any due amount shall be settled as soon as they have been notified to Registered Participant. 1115. Bank fees of the payer’s bank shall be covered by the payer. Bank fees of the receiving bank shall be covered by the beneficiary. Bank fees of any intermediary bank, shall be covered by the Registered Participant. 1216. The Registered Participant shall not be entitled to offset any amount, or withhold any debts arising in connection with obligations resulting from an Auction, against any claims towards the Single Allocation Platform, whether or not arising out of an Auction. Nevertheless, the right to offset and the right to withhold are not excluded in case the Registered Participant’s claim against the Single Allocation Platform is established by a legally binding judgement or is uncontested.

Appears in 1 contract

Samples: Harmonised Allocation Rules for Long Term Transmission Rights

Invoicing and payment conditions. 1. The Allocation Platform shall issue invoices for payments for all ~~Daily~~ Transmission Rights on a monthly basis and no later than the tenth (10th) Working Day of each month for the Auctions with delivery period of the month preceding. 2. The ~~invoices shall be issued for the following payments: (a) the amount due set forth in Article 51(2); (b) any relevant taxes and levies subject to Article 52. 3. The~~ Allocation Platform shall send the invoice ~~only~~ via electronic means as specified by ~~email~~ the Allocation Platform on its website to the Registered Participant at the ~~email~~ e-mail address of the financial contact person submitted in accordance with Article ~~8(h~~8 paragraph 1 (i) or it should make it available to the Registered Participant via the Auction Tool. The date of issuance of the invoice shall be the date on which the ~~email~~ invoice is sent by electronic means as specified by the Allocation Platform on its website or the date when the invoice is made available via the Auction Tool if this is done during Working Hours or the next ~~day~~ Working Day if sent after Working Hours. 43. In the cases of curtailment of ~~Daily~~ Transmission ~~Rights,~~ Rights the invoices shall take into account any payments to be credited to the Registered Participant. The payments to be credited to the Registered Participants shall: ~~(a)~~ a. be settled through self-billing mechanism which shall allow the Allocation Platform to issue invoices in the name and on behalf of the Registered Participant; and ~~(b)~~ b. be notified through the same invoice as the one used for the payments of the Registered Participant as set forth in paragraph 2 of this Article.; 54. The payments due shall be netted ~~by the Allocation Platform~~ taking into account the amount as set forth in paragraph 2 1 and 4 3 of this Article. 65. If the balance of the payments as set forth in paragraph ~~2 and~~ 4 of this Article results in a net payment from the Registered Participant to the Allocation Platform, the Registered Participant shall settle this balance within five (5) Working Days after the date of issuance of the invoice. 76. Payments by the Registered Participant as set forth in paragraph 6 5 of this Article shall be collected as follows: ~~(a) based~~ a. Based on the standard procedure, the Allocation Platform shall collect the payment automatically from the dedicated Business Account of the Registered Participant on the respective due date of the invoice; or ~~(b)~~ b. alternatively, the Registered Participant shall ensure payment through a ~~non-~~ non-automated transaction to the account of the Allocation Platform specified on the invoice by indicating the invoice reference. The alternative procedure may be used upon request of the Registered Participant and with the consent of the Allocation Platform. The Registered Participant shall notify the Allocation Platform by ~~email~~ electronic means as specified by the Allocation Platform on its website the request to use the alternative procedure at least two (2) Working Days before the date of issuing of the next invoice as set forth in paragraph 1 of this Article. Once the alternative procedure is agreed, it shall be deemed to be valid until otherwise agreed between the Registered Participant and the Allocation Platform. 87. If the balance of the payments as set forth in paragraph 2 1 and 4 3 of this Article results in a net payment from the Allocation Platform to the Registered Participant, the Allocation Platform shall pay this balance within seven (7) Working Days after the date of issuance of the invoice to the bank account as announced during the accession process in accordance with Article 8 paragraph ~~1(g~~1(h) by the Registered Participant who is entitled to the payments at the due date. 98. Upon the collection of the payment as set forth in paragraph 7 6 of this Article, the Allocation Platform shall update the Credit Limit accordingly. 109. In case of an erroneous invoice resulting in an additional payment of the Allocation Platform or the Registered Participant the Allocation Platform shall correct the invoice and any due amount shall be settled as soon as they have been notified to Registered Participant. 1110. Bank fees of the payer’s bank shall be covered by the payer. Bank fees of the receiving bank shall be covered by the beneficiary. Bank fees of any intermediary ~~bank,~~ bank shall be covered by the Registered Participant. 1211. The Registered Participant shall not be entitled to offset any amount, or withhold any debts arising in connection with obligations resulting from an Auction, against any claims towards the Allocation Platform, whether or not arising out of an Auction. Nevertheless, the right to offset and the right to withhold are not excluded in case the Registered Participant’s claim against Allocation Platform is established by a legally binding judgement or is uncontested.

Appears in 1 contract

Samples: Rules for Intraday Capacity Allocation

Invoicing and payment conditions. 1. The Allocation Platform shall issue invoices for payments for all ~~Daily~~ Transmission Rights on a monthly basis and no later than the tenth (10th) Working Day of each month for the Auctions with delivery period of the month preceding. 2~~. The invoices shall be issued for the following payments: (a) the amount due set forth in Article 51(2); (b) any relevant taxes and levies subject to Article 52. 3~~. The Allocation Platform shall send the invoice only by ~~email~~ e-mail to the Registered Participant at the ~~email~~ e-mail address of the financial contact person submitted in accordance with Article 8(h) or it should make it available to the Registered Participant via the Auction Tool. The date of issuance of the invoice shall be the date on which the email is sent ~~or the date when the invoice is made available via the Auction Tool~~ if this is done during Working Hours or the next day if sent after Working Hours. 43. In the cases of curtailment of ~~Daily~~ Transmission ~~Rights,~~ Rights the invoices shall take into account any payments to be credited to the Registered Participant. The payments to be credited to the Registered Participants shall: (a) be settled through self-billing mechanism which shall allow the Allocation Platform to issue invoices in the name and on behalf of the Registered Participant; and (b) be notified through the same invoice as the one used for the payments of the Registered Participant as set forth in paragraph 2 of this Article.; 54. The payments due shall be netted ~~by the Allocation Platform~~ taking into account the amount as set forth in ~~paragraph 2 and 4 of this Article.~~paragraph 65. If the balance of the payments as set forth in paragraph ~~2 and~~ 4 of this Article results in a net payment from the Registered Participant to the Allocation Platform, the Registered Participant shall settle this balance within five (5) Working Days after the date of issuance of the invoice. 76. Payments by the Registered Participant as set forth in paragraph 6 5 of this Article shall be collected as follows: (a) ~~based~~ Based on the standard procedure, the Allocation Platform shall collect the payment automatically from the dedicated Business Account of the Registered Participant on the respective due date of the invoice; or (b) alternatively, the Registered Participant shall ensure payment through a non- automated transaction to the account of the Allocation Platform specified on the invoice by indicating the invoice reference. The alternative procedure may be used upon request of the Registered Participant and with the consent of the Allocation Platform. The Registered Participant shall notify the Allocation Platform by email the request to use the alternative procedure at least two (2) Working Days before the date of issuing of the next invoice as set forth in paragraph 1 of this Article. Once the alternative procedure is agreed, it shall be deemed to be valid until otherwise agreed between the Registered Participant and the Allocation Platform. 87. If the balance of the payments as set forth in paragraph 2 1 and 4 3 of this Article results in a net payment from the Allocation Platform to the Registered Participant, the Allocation Platform shall pay this balance within seven (7) Working Days after the date of issuance of the invoice to the bank account as announced during the accession process in accordance with Article 8 paragraph 1(g) by the Registered Participant who is entitled to the payments at the due date. 98. Upon the collection of the payment as set forth in paragraph 7 6 of this Article, the Allocation Platform shall update the Credit Limit accordingly. 109. In case of an erroneous invoice resulting in an additional payment of the Allocation Platform or the Registered Participant the Allocation Platform shall correct the invoice and any due amount shall be settled as soon as they have been notified to Registered Participant. 1110. Bank fees of the payer’s bank shall be covered by the payer. Bank fees of the receiving bank shall be covered by the beneficiary. Bank fees of any intermediary bank, shall be covered by the Registered Participant. 1211. The Registered Participant shall not be entitled to offset any amount, or withhold any debts arising in connection with obligations resulting from an Auction, against any claims towards the Allocation Platform, whether or not arising out of an Auction. Nevertheless, the right to offset and the right to withhold are not excluded in case the Registered Participant’s claim against Allocation Platform is established by a legally binding judgement or is uncontested.

Appears in 1 contract

Samples: Allocation Rules for Intraday Capacity Allocation

Invoicing and payment conditions. 1. Payments shall be settled before the start of the Product Period if the Auction timeline allows so. If the Cross Zonal Capacity product has a duration of more than one (1) month, each monthly instalment shall be settled before the start of each respective month if the Auction timeline allows so. If the settlement of an amount due for allocated Long Term Transmission Rights is not possible before the start of the Product Period then the payment will be settled at the next fixed invoice date. 2. The Allocation Platform shall issue invoices for payments for all ~~Daily~~ Long Term Transmission Rights on a monthly basis and no later than the tenth (10th) Working Day of each ~~month for the Auctions of the month preceding~~month. 23. The invoices shall be issued for the following payments: (a) the amount of the monthly instalment(s) if the Long Term Transmission Right has a duration of more than a month as set forth in Article 63(4) and (5); (b) the amount due set forth in Article ~~51(2)~~63(2) if the Long Term Transmission Right has a duration equal to a month or less; (bc) if requested by the Registered Participant amounts for advanced payment of monthly instalments that would otherwise be settled with subsequent invoices; and (d) any relevant taxes and levies subject to Article 5264. 34. The Allocation Platform shall send the invoice only by ~~email~~ e-mail via electronic means as specified by the Allocation Platform on its website to the Registered Participant at the ~~email~~ e-mail address of the financial contact person submitted in accordance with Article ~~8(h~~9(hi) or it should make it available to the Registered Participant via the Auction Tool. The date of issuance of the invoice shall be the date on which the ~~email~~ invoiceemail is sent by electronic means as specified by the Allocation Platform on its website or the date when the invoice is made available via the Auction Tool if this is done during Working Hours or the next ~~day~~ Working Day if sent after Working Hours. 45. In the cases of curtailment of ~~Daily~~ Long Term Transmission Rights, return of Long Term Transmission Rights according to Article 40 or remuneration of Long Term Transmission Rights according to Article 48, the invoices shall take into account any payments to be credited to the Registered Participant. The payments to be credited to the Registered Participants shall: (a) be settled through ~~self-~~self billing mechanism which shall allow the Allocation Platform to issue invoices in the name and on behalf of the Registered Participant; and (b) be notified through the same invoice as the one used for the payments of the Registered Participant as set forth in paragraph 2 3 of this Article. 56. The payments due shall be netted by the Allocation Platform taking into account the amount as set forth in paragraph 2 3 and 4 5 of this Article. 67. If the balance of the payments as set forth in paragraph 2 3 and 4 5 of this Article results in a net payment from the Registered Participant to the Allocation Platform, the Registered Participant shall settle this balance within five (5) Working Days after the date of issuance of the invoice. 78. Payments by the Registered Participant as set forth in paragraph 6 7 of this Article shall be collected as follows: (a) based on the standard procedure, the Allocation Platform shall collect the payment automatically from the dedicated Business Account of the Registered Participant on the respective due date of the invoice; or (b) alternatively, the Registered Participant shall ensure payment through a non- automated transaction to the account of the Allocation Platform specified on the invoice by indicating the invoice reference. 9. The alternative procedure may be used upon request of the Registered Participant and with the consent of the Allocation Platform. The Registered Participant shall notify the Allocation Platform by email electronic means as specified by the Allocation Platform on its website the request to use the alternative procedure at least two (2) Working Days before the date of issuing of the next invoice as set forth in paragraph 1 2 of this Article. Once the alternative procedure is agreed, it shall be deemed to be valid until otherwise agreed between the Registered Participant and the Allocation Platform. 810. If the balance of the payments as set forth in paragraph 2 3 and 4 5 of this Article results in a net payment from the Allocation Platform to the Registered Participant, the Allocation Platform shall pay this balance within seven (7) Working Days after the date of issuance of the invoice to the bank account as announced during the accession process in accordance with Article 8 9 paragraph ~~1(g~~1(h) by the Registered Participant who is entitled to the payments at the due date. 911. Upon the collection of the payment as set forth in paragraph 7 8 of this Article, the Allocation Platform shall update the Credit Limit accordingly. 1012. In case of an erroneous invoice resulting in an additional payment of the Allocation Platform or the Registered Participant the Allocation Platform shall correct the invoice and any due amount shall be settled as soon as they have been notified to Registered Participant. 1113. Bank fees of the payer’s bank shall be covered by the payer. Bank fees of the receiving bank shall be covered by the beneficiary. Bank fees of any intermediary bank, shall be covered by the Registered Participant. 1214. The Registered Participant shall not be entitled to offset any amount, or withhold any debts arising in connection with obligations resulting from an Auction, against any claims towards the Allocation Platform, whether or not arising out of an Auction. Nevertheless, the right to offset and the right to withhold are not excluded in case the Registered Participant’s claim against Allocation Platform is established by a legally binding judgement or is uncontested.

Appears in 1 contract

Samples: Allocation Rules for Forward Capacity Allocation

Invoicing and payment conditions. 1. The Allocation Platform shall issue invoices for payments for all ~~Daily~~ Intraday Transmission Rights on a monthly basis and no later than the tenth (10th) Working Day of each month for the Auctions with delivery period of the month preceding. 2~~. The invoices shall be issued for the following payments: (a) the amount due set forth in Article 51(2); (b) any relevant taxes and levies subject to Article 52. 3~~. The Allocation Platform shall send the invoice only by ~~email~~ electronic means as specified by the Allocation Platform on its website to the Registered Participant at the ~~email~~ e-mail address of the financial contact person submitted in accordance with Article ~~8(h~~8 paragraph 1(i) or it should make it available to the Registered Participant via the Auction Tool. The date of issuance of the invoice shall be the date on which the ~~email~~ invoice is sent by electronic means as specified by the Allocation Platform on its website or the date when the invoice is made available via the Auction Tool if this is done during Working Hours or the next ~~day~~ Working Day if sent after Working Hours. 43. In the cases of curtailment of ~~Daily~~ Intraday Transmission ~~Rights,~~ Rights in accordance with CHAPTER 6 the invoices shall take into account any payments to be credited to the Registered Participant. The payments to be credited to the Registered Participants shall: (a) be settled through self-billing mechanism which shall allow the Allocation Platform to issue invoices in the name and on behalf of the Registered Participant; and (b) be notified through the same invoice as the one used for the payments of the Registered Participant as set forth in paragraph 2 1 of this Article. 54. The payments due shall be netted ~~by the Allocation Platform~~ taking into account the amount as set forth in ~~paragraph 2~~ paragraphs 1 and 4 3 of this Article. 65. If the balance of the payments as set forth in paragraph ~~2 and~~ 4 of this Article results in a net payment from the Registered Participant to the Allocation Platform, the Registered Participant shall settle this balance within five (5) Working Days after the date of issuance of the invoice. 76. Payments by the Registered Participant as set forth in paragraph 6 5 of this Article shall be collected as follows: (a) based on the standard procedure, the Allocation Platform shall collect the payment automatically from the dedicated Business Account of the Registered Participant on the respective due date of the invoice; or (b) alternatively, the Registered Participant shall ensure payment through a ~~non-~~ non-automated transaction to the account of the Allocation Platform specified on the invoice by indicating the invoice reference. The alternative procedure may be used upon request of the Registered Participant and with the consent of the Allocation Platform. The Registered Participant shall notify the Allocation Platform by ~~email~~ electronic means as specified by the Allocation Platform on its website of the request to use the alternative procedure at least two (2) Working Days before the date of issuing of the next invoice as set forth in paragraph 1 of this Article. Once the alternative procedure is ~~agreed~~agreed by the Parties, it shall be deemed to be valid until otherwise agreed between the Registered Participant and the Allocation Platform. 87. If the balance of the payments as set forth in ~~paragraph 2~~ paragraphs 1 and 4 3 of this Article results in a net payment from the Allocation Platform to the Registered Participant, the Allocation Platform shall pay this balance within seven (7) Working Days after the date of issuance of the invoice to the bank account as announced during the accession process in accordance with Article 8 paragraph ~~1(g~~1(h) by the Registered Participant who is entitled to the payments at the due date. 98. Upon the collection of the payment as set forth in paragraph 7 6 of this Article, the Allocation Platform shall update the Credit Limit accordingly. 109. In case of an erroneous invoice resulting in an additional payment of the Allocation Platform or the Registered ~~Participant~~ Participant, the Allocation Platform shall correct the invoice and any due amount shall be settled as soon as ~~they have~~ it has been notified to the Registered Participant. 1110. Bank fees of the payer’s bank shall be covered by the payer. Bank fees of the receiving bank shall be covered by the beneficiary. Bank fees of any intermediary ~~bank,~~ bank shall be covered by the Registered Participant. 1211. The Registered Participant shall not be entitled to offset any amount, or withhold any debts arising in connection with obligations resulting from an Auction, against any claims towards the Allocation Platform, whether or not arising out of an Auction. Nevertheless, the right to offset and the right to withhold are not excluded in case the Registered Participant’s claim against Allocation Platform is established by a legally binding judgement or is uncontested.

Appears in 1 contract

Samples: Eleclink Intraday Allocation Rules

Invoicing and payment conditions. 1. The Allocation Platform shall issue invoices for payments for all ~~Daily~~ Transmission Rights on a monthly basis and no later than the tenth (10th) Working Day of each month for the Auctions with delivery period of the month preceding. 2. The ~~invoices shall be issued for the following payments: (a) the amount due set forth in Article 51(2); (b) any relevant taxes and levies subject to Article 52. 3. The~~ Allocation Platform shall send the invoice ~~only~~ electronic means as specified by ~~email~~ the Allocation Platform on its websiteonly by e-mail to the Registered Participant at the ~~email~~ e-mail address of the financial contact person submitted in accordance with Article 8(h) or it should make it available to the Registered Participant via the Auction Tool. The date of issuance of the invoice shall be the date on which the ~~email~~ invoice is sent by electronic means as specified by the Allocation Platform on its website or the date when the invoice is made available via the Auction ~~Tool~~ Toolemail is sent if this is done during Working Hours or the next ~~day~~ Working Day if sent after Working Hours. 43. In the cases of curtailment of ~~Daily~~ Transmission ~~Rights,~~ Rights the invoices shall take into account any payments to be credited to the Registered Participant. The payments to be credited to the Registered Participants shall: (a) be settled through self-billing mechanism which shall allow the Allocation Platform to issue invoices in the name and on behalf of the Registered Participant; and (b) be notified through the same invoice as the one used for the payments of the Registered Participant as set forth in paragraph 2 of this Article.; 54. The payments due shall be netted ~~by the Allocation Platform~~ taking into account the amount as set forth in paragraph 2 1 and 4 3 of this Article. 65. If the balance of the payments as set forth in paragraph ~~2 and~~ 4 of this Article results in a net payment from the Registered Participant to the Allocation Platform, the Registered Participant shall settle this balance within five (5) Working Days after the date of issuance of the invoice. 76. Payments by the Registered Participant as set forth in paragraph 6 5 of this Article shall be collected as follows: (a) ~~based~~ Based on the standard procedure, the Allocation Platform shall collect the payment automatically from the dedicated Business Account of the Registered Participant on the respective due date of the invoice; or (b) alternatively, the Registered Participant shall ensure payment through a ~~non-~~ non-automated transaction to the account of the Allocation Platform specified on the invoice by indicating the invoice reference. The alternative procedure may be used upon request of the Registered Participant and with the consent of the Allocation Platform. The Registered Participant shall notify the Allocation Platform by ~~email~~ electronic means as specified by the Allocation Platform on its websiteemail the request to use the alternative procedure at least two (2) Working Days before the date of issuing of the next invoice as set forth in paragraph 1 of this Article. Once the alternative procedure is agreed, it shall be deemed to be valid until otherwise agreed between the Registered Participant and the Allocation Platform. 87. If the balance of the payments as set forth in paragraph 2 1 and 4 3 of this Article results in a net payment from the Allocation Platform to the Registered Participant, the Allocation Platform shall pay this balance within seven (7) Working Days after the date of issuance of the invoice to the bank account as announced during the accession process in accordance with Article 8 paragraph 1(g) by the Registered Participant who is entitled to the payments at the due date. 98. Upon the collection of the payment as set forth in paragraph 7 6 of this Article, the Allocation Platform shall update the Credit Limit accordingly. 109. In case of an erroneous invoice resulting in an additional payment of the Allocation Platform or the Registered Participant the Allocation Platform shall correct the invoice and any due amount shall be settled as soon as they have been notified to Registered Participant. 1110. Bank fees of the payer’s bank shall be covered by the payer. Bank fees of the receiving bank shall be covered by the beneficiary. Bank fees of any intermediary ~~bank,~~ bank shall be covered by the Registered Participant. 1211. The Registered Participant shall not be entitled to offset any amount, or withhold any debts arising in connection with obligations resulting from an Auction, against any claims towards the Allocation Platform, whether or not arising out of an Auction. Nevertheless, the right to offset and the right to withhold are not excluded in case the Registered Participant’s claim against Allocation Platform is established by a legally binding judgement or is uncontested.

Appears in 1 contract

Samples: Allocation Rules for Intraday Capacity Allocation

Invoicing and payment conditions. 1. The payment will be settled at the next fixed invoice date. 2. The Allocation Platform shall issue invoices for payments for all ~~Daily~~ Transmission Rights on a monthly basis and no later than the tenth (10th) Working Day of each ~~month for the Auctions of the month preceding~~month. 23. The invoices shall be ~~issued for the following payments: (a)~~ issuedfor the amount due set forth in Article ~~51(2); (b) any relevant taxes and levies subject to Article 52~~41. 34. The Allocation Platform shall send the invoice only by ~~email~~ e-mail to the Registered Participant at the ~~email~~ e- mail address of the financial contact person submitted in accordance with Article 8(h) or it should make it available to the Registered Participant via the Auction Tool. The date of issuance of the invoice shall be the date on which the email is sent or the date when the invoice is made available via the Auction Tool if this is done during Working ~~Hours or~~ Hoursor the next day if sent after Working Hours. 45. In the cases of curtailment of ~~Daily~~ Transmission Rights, the invoices shall take into account any payments to be credited to the Registered Participant. The payments to be credited to the Registered ~~Participants shall~~Participantsshall: (a) be settled through self-billing mechanism which shall allow the Allocation Platform to issue invoices in the name and on behalf of the Registered Participant; and (b) be notified through the same invoice as the one used for the payments of the Registered Participant as set forth in paragraph 2 4 of this Article. 56. The payments due shall be netted by the Allocation Platform taking into account the amount as set forth in paragraph 2 and 4 5 of this Article. 67. If the balance of the payments as set forth in paragraph 2 3 and 4 5 of this Article results in a net payment from the Registered Participant to the Allocation Platform, the Registered Participant shall settle this balance within five (5) Working Days after the date of issuance of the invoice. 78. Payments by the Registered Participant as set forth in paragraph 6 7 of this Article shall be collected as follows: (a) based on the standard procedure, the Allocation Platform shall collect the payment automatically from the dedicated Business Account of the Registered Participant on the respective due date of the invoice; or (b) alternatively, the Registered Participant shall ensure payment through a ~~non-~~ non-automated transaction to the account of the Allocation Platform specified on the invoice by indicating the invoice reference. 9. The alternative procedure may be used upon request of the Registered Participant and with the ~~consent of~~ consentof the ~~Allocation Platform~~AllocationPlatform. The Registered Participant shall notify the ~~Allocation Platform~~ AllocationPlatform by email the request to use the alternative procedure at least two (2) Working Days before the date of issuing of the next invoice as set forth in paragraph 1 2 of this Article. Once the alternative procedure is agreed, it shall be deemed to be valid until otherwise agreed between the Registered Participant and the Allocation Platform. 810. If the balance of the payments as set forth in paragraph 2 and 4 5. of this Article results in a net payment from the Allocation Platform to the Registered Participant, the Allocation Platform shall pay this balance within seven (7) Working Days after the date of issuance of the invoice to the bank account as announced during the accession process in accordance with Article 8 paragraph 1(g) by the Registered Participant who is entitled to the payments at the due date. ~~9. Upon the collection of the payment as set forth in paragraph 7 of this Article, the Allocation Platform shall update the Credit Limit accordingly. 10~~11. In case of an erroneous invoice resulting in an additional payment of the Allocation Platform or the Registered Participant the Allocation Platform shall correct the invoice and any due amount shall be settled as soon as they have been ~~notified to~~ notifiedto Registered Participant. 1112. Bank fees of the payer’s bank shall be covered by the payer. Bank fees of the receiving bank shall be covered by the beneficiary. Bank fees of any intermediary bank, shall be covered by the Registered Participant. 1213. The Registered Participant shall not be entitled to offset any amount, or withhold any debts arising in connection with obligations resulting from an a Shadow Auction, against any claims towards the Allocation Platform, whether or not arising out of an a Shadow Auction. Nevertheless, the right to offset and the right to withhold are not excluded in case the Registered Participant’s claim against Allocation Platform is established by a legally binding judgement or is uncontested.

Appears in 1 contract

Samples: Shadow Allocation Rules

Invoicing and payment conditions. 1. ~~The Allocation Platform~~ Invoicing the remuneration for the DESIGNER shall ~~issue invoices for payments for all Daily Transmission Rights on a monthly basis~~ take place upon the completion and ~~no later than the tenth (10th) Working Day~~ positive taking over of each ~~month for the Auctions~~ stage of the ~~month preceding~~designing work, confirmed in the acceptance protocol in accordance with the schedule set out in the AGREEMENT. 2. The ~~invoices shall be issued~~ remuneration for the ~~following payments: (a)~~ executed scope of work will take place on the ~~amount due set forth~~ basis of properly issued invoices, which must comply with the requirements specified in ~~Article 51(2); (b) any relevant taxes~~ sections 4, 5 and ~~levies subject to Article 52~~6 of this paragraph. 3. ~~The Allocation Platform shall send~~ If an advance payment has been provided for in the ~~invoice only by email~~ AGREEMENT, its payment is subject to the ~~Registered Participant at~~ provision of a Bank Guarantee for the ~~email address~~ Return of Advance Payments by the ~~financial contact person submitted~~ DESIGNER in accordance with ~~Article 8(h) or it should make it available~~ § 19 of GT&C. 4. The basis for issuing the invoices by the DESIGNER shall be the acceptance protocol, without remarks, issued upon completion of the individual stages of the AGREEMENT and signed by the authorised representatives of the PARTIES. Final settlement of the SUBJECT OF THE AGREEMENT shall be made on the basis of the final acceptance protocol confirming completion of the SUBJECT OF THE AGREEMENT pursuant to the ~~Registered Participant via~~ AGREEMENT and the ~~Auction Tool~~final invoice issued on its basis. 0. Xx addition to the statutory requirements, the invoice issued by the DESIGNER should also include: 1) the project number, the AGREEMENT number or; 2) the order number; 3) name of the project by the CLIENT within which the AGREEMENT is carried out 4)information on the prohibition to assign receivables without the written consent of the CLIENT, included in the AGREEMENT. 0. Xx each invoice issued, the DESIGNER is obliged to enclose an acceptance protocol signed by the PARTIES which must be suitable to the execution stage of the AGREEMENT and to schedule agreed in the AGREEMENT. 7. If the DESIGNER delivers invoices to the CLIENT that do not meet the requirements set out in sections 4, 5, and 6 of this paragraph, the CLIENT is entitled to withhold payment. Deadline for the payment of receivables resulting from such an invoice, provided by the DESIGNER, shall be counted from the date of the correction of such deficiencies by the DESIGNER. Withheld payments shall be interest-free and shall not mature for the time of their retention, and the DESIGNER shall desist from claiming them and shall treat them as payments not yet due. 8. Payments due will be made in the form of bank transfers to the DESIGNER's account as indicated in the invoice and within the period specified in the AGREEMENT, counted from the date of the receipt of the invoice, complying with the requirements specified in this paragraph by the CLIENT. 9. The date ~~of issuance~~ for the payment of the invoice shall be the date ~~on which~~ that the ~~email~~ CLIENT's bank account is sent or the date when the invoice is made available via the Auction Tool if this is done during Working Hours or the next day if sent after Working Hours. 4. In the cases of curtailment of Daily Transmission Rights, the invoices shall take into account any payments to be credited to the Registered Participant. The payments to be credited to the Registered Participants shall: (a) be settled through self-billing mechanism which shall allow the Allocation Platform to issue invoices in the name and on behalf of the Registered Participant; and (b) be notified through the same invoice as the one used for the payments of the Registered Participant as set forth in paragraph 2 of this Article. 5. The payments due shall be netted by the Allocation Platform taking into account the amount as set forth in paragraph 2 and 4 of this Article. 6. If the balance of the payments as set forth in paragraph 2 and 4 of this Article results in a net payment from the Registered Participant to the Allocation Platform, the Registered Participant shall settle this balance within five (5) Working Days after the date of issuance of the invoice. 7. Payments by the Registered Participant as set forth in paragraph 6 of this Article shall be collected as follows: (a) based on the standard procedure, the Allocation Platform shall collect the payment automatically from the dedicated Business Account of the Registered Participant on the respective due date of the invoice; or (b) alternatively, the Registered Participant shall ensure payment through a non- automated transaction to the account of the Allocation Platform specified on the invoice by indicating the invoice reference. The alternative procedure may be used upon request of the Registered Participant and debited with the consent of the Allocation Platform. The Registered Participant shall notify the Allocation Platform by email the request to use the alternative procedure at least two (2) Working Days before the date of issuing of the next invoice as set forth in paragraph 1 of this Article. Once the alternative procedure is agreed, it shall be deemed to be valid until otherwise agreed between the Registered Participant and the Allocation Platform. 8. If the balance of the payments as set forth in paragraph 2 and 4 of this Article results in a net payment from the Allocation Platform to the Registered Participant, the Allocation Platform shall pay this balance within seven (7) Working Days after the date of issuance of the invoice to the bank account as announced during the accession process in accordance with Article 8 paragraph 1(g) by the Registered Participant who is entitled to the payments at the due date. 9. Upon the collection of the payment as set forth in paragraph 7 of this Article, the Allocation Platform shall update the Credit Limit accordinglypayment. 10. ~~In case~~ Except as specified in this paragraph, payments may be suspended in the event of ~~an erroneous invoice resulting~~ those circumstances specified in ~~an additional payment~~ § 19 section 6 and section 7 of the Allocation Platform or the Registered Participant the Allocation Platform shall correct the invoice and any due amount shall be settled as soon as they have been notified to Registered Participant. 11. Bank fees GT&C, § 11 section 3 of the payer’s bank shall be covered by the payer. Bank fees of the receiving bank shall be covered by the beneficiary. Bank fees of any intermediary bank, shall be covered by the Registered Participant. 12. The Registered Participant shall not be entitled to offset any amount, or withhold any debts arising in connection with obligations resulting from an Auction, against any claims towards the Allocation Platform, whether or not arising out of an Auction. Nevertheless, the right to offset and the right to withhold are not excluded in case the Registered Participant’s claim against Allocation Platform is established by a legally binding judgement or is uncontested.GT&C.

Appears in 1 contract

Samples: General Terms and Conditions for Design Works

Invoicing and payment conditions. 1. The payment will be settled at the next fixed invoice date. 2. The Allocation Platform shall issue invoices for payments for all ~~Daily~~ Transmission Rights on a monthly basis and no later than the tenth (10th) Working Day of each ~~month for the Auctions of the month preceding~~month. 23. The invoices shall be issued for the ~~following payments: (a) the~~ amount due set forth in Article ~~51(2);~~50 ~~(b) any relevant taxes and levies subject to Article 52. 3~~4. The Allocation Platform shall send the invoice only by ~~email~~ e-mail to the Registered Participant at the ~~email~~ e-mail address of the financial contact person submitted in accordance with Article ~~8(h~~8(i) or it should make it available to the Registered Participant via the Auction Tool. The date of issuance of the invoice shall be the date on which the email is sent or the date when the invoice is made available via the Auction Tool if this is done during Working Hours or the next day if sent after Working Hours. 45. In the cases of curtailment of ~~Daily~~ Transmission Rights, the invoices shall take into account any payments to be credited to the Registered Participant. The payments to be credited to the Registered Participants shall: (a) be settled through ~~self-~~self billing mechanism which shall allow the Allocation Platform to issue invoices in the name and on behalf of the Registered Participant; and (b) be notified through the same invoice as the one used for the payments of the Registered Participant as set forth in paragraph 2 3 of this Article. 56. The payments due shall be netted by the Allocation Platform taking into account the amount as set forth in paragraph 2 3 and 4 5 of this Article. 67. If the balance of the payments as set forth in paragraph 2 3 and 4 5 of this Article results in a net payment from the Registered Participant to the Allocation Platform, the Registered Participant shall settle this balance within five (5) Working Days after the date of issuance of the invoice. 78. Payments by the Registered Participant as set forth in paragraph 6 7 of this Article shall be collected as follows: (a) based on the standard procedure, the Allocation Platform shall collect the payment automatically from the dedicated Business Account of the Registered Participant on the respective due date of the invoice; or (b) alternatively, the Registered Participant shall ensure payment through a non- automated transaction to the account of the Allocation Platform specified on the invoice by indicating the invoice reference. The alternative procedure may be used upon request of the Registered Participant and with the consent of the Allocation Platform. The Registered Participant shall notify the Allocation Platform by email the request to use the alternative procedure at least two (2) Working Days before the date of issuing of the next invoice as set forth in paragraph 1 2 of this Article. Once the alternative procedure is agreed, it shall be deemed to be valid until otherwise agreed between the Registered Participant and the Allocation Platform. 89. If the balance of the payments as set forth in paragraph 2 3 and 4 5 of this Article results in a net payment from the Allocation Platform to the Registered Participant, the Allocation Platform shall pay this balance within seven (7) Working Days after the date of issuance of the invoice to the bank account as announced during the accession process in accordance with Article 8 paragraph ~~1(g~~1(h) by the Registered Participant who is entitled to the payments at the due date. 910. Upon the collection of the payment as set forth in paragraph 7 8 of this Article, the Allocation Platform shall update the Credit Limit accordingly. 1011. In case of an erroneous invoice resulting in an additional payment of the Allocation Platform or the Registered Participant the Allocation Platform shall correct the invoice and any due amount shall be settled as soon as they have been notified to Registered Participant. 1112. Bank fees of the payer’s bank shall be covered by the payer. Bank fees of the receiving bank shall be covered by the beneficiary. Bank fees of any intermediary bank, shall be covered by the Registered Participant. 1213. The Registered Participant shall not be entitled to offset any amount, or withhold any debts arising in connection with obligations resulting from an Auction, against any claims towards the Allocation Platform, whether or not arising out of an Auction. Nevertheless, the right to offset and the right to withhold are not excluded in case the Registered Participant’s claim against Allocation Platform is established by a legally binding judgement or is uncontested.

Appears in 1 contract

Samples: Daily Capacity Allocation Agreement

Common use of Invoicing and payment conditions Clause in Contracts