Common use of Invoicing; Late Payments Clause in Contracts

Invoicing; Late Payments. National Grid may invoice NYSEG, from time to time, for unpaid Reimbursable Costs incurred or may elect, in its sole discretion, to continue performance hereunder after the depletion of any prepayments (including, without limitation, Milestone payments) and invoice NYSEG at a later date.All suchundisputed amounts reflected on such invoices shall be due and payable thirty (30) days from date of invoice. Copies of all receipts and other documentation reasonably substantiating the claimed Reimbursable Costs shall be provided together with such invoices provided, however, that National Grid shall not have any obligation to provide confidential or privileged information as part of any such documentation. Except for payment amounts that the invoiced Party has successfully disputed, if anypayment due under this Agreement is not made when due, the Party obligated to make such payment shall pay to the other Party interest on the unpaid amount calculated in accordance with Section 35.19a of the FERC’s regulations (18 C.F.R. 35.19a).

Invoicing; Late Payments. National Grid may invoice NYSEG, from time to time, for unpaid Reimbursable Costs incurred or may elect, in its sole discretion, to continue performance hereunder after the depletion of any prepayments (including, without limitation, Milestone payments) and invoice NYSEG at a later date.. All suchundisputed such undisputed amounts reflected on such invoices shall be due and payable thirty (30) days from date of invoice. Copies of all receipts and other documentation reasonably substantiating the claimed Reimbursable Costs shall be provided together with such invoices provided, however, that National Grid shall not have any obligation to provide confidential or privileged information as part of any such documentation. Except for payment amounts that the invoiced Party has successfully disputed, if anypayment any payment due under this Agreement is not made when due, the Party obligated to make such payment shall pay to the other Party interest on the unpaid amount calculated in accordance with Section 35.19a of the FERC’s regulations (18 C.F.R. 35.19a).