Common use of Invoicing Payment Clause in Contracts

Invoicing Payment. Invoicing and payment for the facilities and services specified in Article II, the asset sales specified in Article III or the joint services costs specified in Section 5.3(a) shall be as follows: (a) for the use of facilities, equipment or capabilities specified in Section 2.1 or the provision of services specified in Section 2.2, a Provider shall invoice the Requestor on a monthly basis for the charges therefore as provided in Section 4.l(a), and such invoices shall be payable within thirty days of receipt; (b) for joint purchasing arrangements specified in Section 2.3, a Party participating in any such arrangement shall be invoiced for charges as provided in Section 4.l(b), which invoices will be payable according to the terms set by the vendor(s) providing the purchased goods or services, or if a Party has been selected to administer such arrangement, pursuant to invoices rendered by such Party or the vendor of the goods or services, which invoices will be payable no later than thirty days of receipt; (c) for the sale of real property or interests in real property specified in Section 3.1, the Acquiring Party shall pay the charges therefore as provided in Section 4.1(a) to the Selling Party upon the closing of the sale and transfer of such real property or interests therein; (d) for the sale of tangible personal property specified in Section 3.2, or intangible assets specified in Section 3.3, the Selling Party shall invoice the Acquiring Party for the charges therefore as provided in Section 4.1(a), and such invoices shall be payable within thirty days of receipt; (e) for the transfer of AGLR Common Stock specified in Section 3.4, Nicor Gas shall pay the charges therefore as provided in Section 4.1(a) and such payment shall be made to AGLR concurrently with the issuance and delivery of the shares of such stock; and Late payments shall bear a rate of interest representing AGLR’s cost of funds, as determined by contacting AGLR's commercial paper dealers, but shall in no event exceed the then-effective rate of interest announced by Bank of America Illinois in Chicago, Illinois. The interest shall be based on the period of time that the payment is late.

Invoicing Payment. Invoicing and payment for the facilities and services specified in Article II, the asset property sales specified in Article III or the joint services costs specified in Section 5.3(a) shall be as follows: (a) for the use of facilities, equipment or capabilities specified in Section 2.1 or the provision of services specified in Section 2.2, a Provider shall invoice the Requestor on a monthly basis for the charges therefore as provided in Section 4.l(a4.1(a), and such invoices shall be payable within thirty days of receipt; (b) for joint purchasing arrangements specified in Section 2.3, a Party participating in any such arrangement shall be invoiced for charges as provided in Section 4.l(b), which invoices will be payable according to the terms set by the vendor(s) providing the purchased goods or services, or if a Party has been selected to administer such arrangement, pursuant to invoices rendered by such Party or the vendor of the goods or services, which invoices will be payable no later than thirty days of receiptParty; (c) for the tax allocation arrangement specified in Section 2.4, IGCH shall bill each subsidiary for its share of each tax payment at the time the tax payment is made. Upon the filing of the tax return, the tax owed by each subsidiary shall be reduced by its estimated tax payments and it shall be billed for any excess owed or receive a refund from IGCH for any credit due; (d) for the sale of real property or interests in real property specified in Section 3.13.I, the Acquiring Party shall pay the charges therefore therefor as provided in Section 4.1(a4.l(a) to the Selling Party upon the closing of the sale and transfer of such real property or interests therein; (de) for the sale of tangible personal property specified in Section 3.2, or intangible assets Intangible Property specified in Section 3.3, the Selling Party shall invoice the Acquiring Party for the charges therefore as provided in Section 4.1(a), and such invoices ; and (f) all payments required under sections 4.3(a)-(f) hereunder shall be payable within thirty days of receipt; (e) for the transfer of AGLR Common Stock specified in Section 3.4rendered monthly. If there are any unpaid balances due IGC, Nicor Gas IGC Affiliates shall pay the charges therefore as provided in Section 4.1(a) and such payment shall be made to AGLR concurrently with the issuance and delivery of the shares of such stock; and Late payments shall bear IGC interest at a rate of interest representing AGLR’s cost of funds, as determined by contacting AGLR's commercial paper dealers, but shall in no event exceed the then-effective rate of interest announced by Bank of America Illinois in Chicago, Illinois. The interest shall be based on the period of time that the payment is lateequal to IGC' s long term interestrate.

Invoicing Payment. Invoicing and payment for the facilities and services specified in Article II, the asset sales specified in Article III or the joint services costs specified in Section 5.3(a5.3 (a) shall be as follows: (a) for the use of facilities, equipment or capabilities specified in Section 2.1 or the provision of services specified in Section 2.2, a Provider shall invoice the Requestor on a monthly basis for the charges therefore therefor as provided in Section 4.l(a4.1(a), and such invoices shall be payable within thirty days of receipt; (b) for joint purchasing arrangements specified in Section 2.3, a Party participating in any such arrangement shall be invoiced for charges as provided in Section 4.l(b4.1(b), which invoices will be payable according to the terms set by the vendor(s) providing the purchased goods or services, or if a Party has been selected to administer such arrangement, pursuant to invoices rendered by such Party or the vendor of the goods or services, which invoices will be payable no later than thirty days of after receipt; (c) for cash management activities under Section 2.4, (i) the Party responsible for administering the activities shall invoice the other participating Parties for the charges therefor as provided in Section 4.1(c), which invoices shall be payable within thirty days of receipt, or (ii) the charges for such activities may be offset against the cash amounts held thereunder, provided a written statement of such charges and the amount of the offset is provided to the participating Parties monthly; (d) for the tax sharing arrangement specified in Section 2.5, charges and payments shall be made as provided in the Tax Sharing Agreement; (e) for the sale of real property or interests in real property specified in Section 3.1, the Acquiring Party shall pay the charges therefore therefor as provided in Section 4.1(a) to the Selling Party upon the closing of the sale and transfer of such real property or interests therein; (df) for the sale of tangible personal property specified in Section 3.2, or intangible assets specified in Section 3.3, the Selling Party shall invoice the Acquiring Party for the charges therefore therefor as provided in Section 4.1(a), and such invoices shall be payable within thirty days of receipt; (eg) for the transfer of AGLR AES Common Stock specified in Section 3.4, Nicor Gas CILCO shall pay the charges therefore therefor as provided in Section 4.1(a) and such payment shall be made to AGLR AES concurrently with the issuance and delivery of the shares of such stock; and (h) for joint service costs under Section 5.3(a), CILCORP shall invoice the other Parties for such costs as provided in Section 5.3(c), and such invoices shall be payable within thirty days of receipt. Late payments shall bear interest at a rate per annum equal to the sum of the prime rate of interest representing AGLR’s cost of fundsas published in the Wall Street Journal, as determined by contacting AGLR's commercial paper dealersplus 2% per annum, but shall in no event exceed the then-effective rate of interest announced by Bank of America Illinois in Chicago, Illinois. The and such interest shall be based on the period of time that the payment is late.

Invoicing Payment. Invoicing and payment for the facilities and services specified in Article II, the asset sales specified in Article III or the joint services costs specified in Section 5.3(a) shall be as follows: (a) for the use of facilities, equipment or capabilities specified in Section 2.1 or the provision of services specified in Section 2.2, a Provider shall invoice the Requestor on a monthly basis for the charges therefore as provided in Section 4.l(a), and such invoices shall be payable within thirty days of receipt; (b) for joint purchasing arrangements specified in Section 2.3, a Party participating in any such arrangement shall be invoiced for charges as provided in Section 4.l(b), which invoices will be payable according to the terms set by the vendor(s) providing the purchased goods or services, or if a Party has been selected to administer such arrangement, pursuant to invoices rendered by such Party or the vendor of the goods or services, which invoices will be payable no later than thirty days of receipt; (c) for the sale of real property or interests in real property specified in Section 3.1, the Acquiring Party shall pay the charges therefore as provided in Section 4.1(a) to the Selling Party upon the closing of the sale and transfer of such real property or interests therein; (d) for the sale of tangible personal property specified in Section 3.2, or intangible assets specified in Section 3.3, the Selling Party shall invoice the Acquiring Party for the charges therefore as provided in Section 4.1(a), and such invoices shall be payable within thirty days of receipt;; and (e) for the transfer of AGLR Common Stock specified in Section 3.4, Nicor Gas shall pay the charges therefore as provided in Section 4.1(a) and such payment shall be made to AGLR concurrently with the issuance and delivery of the shares of such stock; and Late payments shall bear a rate of interest representing AGLR’s cost of funds, as determined by contacting AGLR's commercial paper dealers, but shall in no event exceed the then-effective rate of interest announced by Bank of America Illinois in Chicago, Illinois. The interest shall be based on the period of time that the payment is late.

Invoicing Payment. Invoicing and payment for the facilities and services specified in Article II, the asset property sales specified in Article III or the joint services costs specified in Section 5.3(a) shall be as follows: (a) for the use of facilities, equipment or capabilities specified in Section 2.1 or the provision of services specified in Section 2.2, a Provider shall invoice the Requestor on a monthly basis for the charges therefore as provided in Section 4.l(a4.1(a), and such invoices shall be payable within thirty days of receipt; (b) for joint purchasing arrangements specified in Section 2.3, a Party participating in any such arrangement shall be invoiced for charges as provided in Section 4.l(b), which invoices will be payable according to the terms set by the vendor(s) providing the purchased goods or services, or if a Party has been selected to administer such arrangement, pursuant to invoices rendered by such Party or the vendor of the goods or services, which invoices will be payable no later than thirty days of receiptParty; (c) for the tax allocation arrangement specified in Section 2.4, IGCH shall bill each subsidiary for its share of each tax payment at the time the tax payment is made. Upon the filing of the tax return, the tax owed by each subsidiary shall be reduced by its estimated tax payments and it shall be billed for any excess owed or receive a refund from IGCH for any credit due; (d) for the sale of real property or interests in real property specified in Section 3.13.I, the Acquiring Party shall pay the charges therefore therefor as provided in Section 4.1(a4.l(a) to the Selling Party upon the closing of the sale and transfer of such real property or interests therein; (de) for the sale of tangible personal property specified in Section 3.2, or intangible assets Intangible Property specified in Section 3.3, the Selling Party shall invoice the Acquiring Party for the charges therefore as provided in Section 4.1(a), and such invoices ; and (f) all payments required under sections 4.3(a)-(f) hereunder shall be payable within thirty days of receipt; (e) for the transfer of AGLR Common Stock specified in Section 3.4rendered monthly. If there are any unpaid balances due IGC, Nicor Gas IGC Affiliates shall pay the charges therefore as provided in Section 4.1(a) and such payment shall be made to AGLR concurrently with the issuance and delivery of the shares of such stock; and Late payments shall bear IGC interest at a rate of equal to IGC' s long term interest representing AGLR’s cost of funds, as determined by contacting AGLR's commercial paper dealers, but shall in no event exceed the then-effective rate of interest announced by Bank of America Illinois in Chicago, Illinois. The interest shall be based on the period of time that the payment is laterate.

Invoicing Payment. Invoicing and payment for the facilities and services specified in Article II, the asset sales specified in Article III or the joint services costs specified in Section 5.3(a5.3 (a) shall be as follows: (a) for the use of facilities, equipment or capabilities specified in Section 2.1 or the provision of services specified in Section 2.2, a Provider shall invoice the Requestor on a monthly basis for the charges therefore therefor as provided in Section 4.l(a4.1(a), and such invoices shall be payable within thirty days of receipt; (b) for joint purchasing arrangements specified in Section 2.3, a Party party participating in any such arrangement shall be invoiced for charges as provided in Section 4.l(b4.1(b), which invoices will be payable according to the terms set by the vendor(s) providing the purchased goods or services, or if a Party has been selected to administer such arrangement, pursuant to invoices rendered by such Party or the vendor of the goods good or services, which invoices will be payable no later than thirty days of after receipt; (c) for cash management activities under Section 2.4, (i) the party responsible for administering the activities shall invoice the other participating Parties for the charges therefor as provided in Section 4.1(c), which invoices shall be payable within thirty days of receipt, or (ii) the charges for such activities may be offset against the cash amounts held thereunder, provided a written statement of such charges and the amount of the offset is provided to the participating Parties monthly; (d) for the tax sharing arrangement specified in Section 2.5, charges and payments shall be made as provided in the Tax Sharing Agreement; (e) for the sale of real property or interests in real property specified in Section 3.1, the Acquiring Party shall pay the charges therefore therefor as provided in Section 4.1(a) to the Selling Party upon the closing of the sale and transfer of such real property or interests therein; (df) for the sale of tangible personal property specified in Section 3.2, or intangible assets specified in Section 3.3, the Selling Party shall invoice the Acquiring Party for the charges therefore therefor as provided in Section 4.1(a), and such invoices shall be payable within thirty days of receipt; (eg) for the transfer of AGLR Unicom Common Stock specified in Section 3.4, Nicor Gas ComEd shall pay the charges therefore therefor as provided in Section 4.1(a) and such payment shall be made to AGLR Unicom concurrently with the issuance and delivery of the shares of such stock; and (h) for joint service costs under Section 5.3(a), Unicom shall invoice the other Parties for such costs as provided in Section 5.3(c), and such invoices shall be payable within thirty days of receipt. Late payments shall bear interest at a rate of interest representing AGLR’s cost of funds, as determined by contacting AGLR's commercial paper dealers, but shall in no event exceed per annum equal to the then-effective rate of interest announced from time to time by The First National Bank of America Illinois in Chicago, Illinois. The Chicago as its "corporate base rate," and such interest shall be based on the period of time that the payment is late.

Invoicing Payment. Invoicing and payment for the facilities and services specified in Article II, the asset property sales specified in Article III or the joint services costs specified in Section 5.3(a) shall be as follows: (a) for the use of facilities, equipment or capabilities specified in Section 2.1 or the provision of services specified in Section 2.2, a Provider shall invoice the Requestor on a monthly basis for the charges therefore as provided in Section 4.l(a4.1(a), and such invoices shall be payable within thirty days of receipt; (b) for joint purchasing arrangements specified in Section 2.3, a Party participating in any such arrangement shall be invoiced for charges as provided in Section 4.l(b), which invoices will be payable according to the terms set by the vendor(s) providing the purchased goods or services, or if a Party has been selected to administer such arrangement, pursuant to invoices rendered by such Party or the vendor of the goods or services, which invoices will be payable no later than thirty days of receiptParty; (c) for the tax allocation arrangement specified in Section 2.4, IGCH shall xxxx each subsidiary for its share of each tax payment at the time the tax payment is made. Upon the filing of the tax return, the tax owed by each subsidiary shall be reduced by its estimated tax payments and it shall be billed for any excess owed or receive a refund from IGCH for any credit due; (d) for the sale of real property or interests in real property specified in Section 3.13.I, the Acquiring Party shall pay the charges therefore therefor as provided in Section 4.1(a4.l(a) to the Selling Party upon the closing of the sale and transfer of such real property or interests therein; (de) for the sale of tangible personal property specified in Section 3.2, or intangible assets Intangible Property specified in Section 3.3, the Selling Party shall invoice the Acquiring Party for the charges therefore as provided in Section 4.1(a), and such invoices ; and (f) all payments required under sections 4.3(a)-(f) hereunder shall be payable within thirty days of receipt; (e) for the transfer of AGLR Common Stock specified in Section 3.4rendered monthly. If there are any unpaid balances due IGC, Nicor Gas IGC Affiliates shall pay the charges therefore as provided in Section 4.1(a) and such payment shall be made to AGLR concurrently with the issuance and delivery of the shares of such stock; and Late payments shall bear IGC interest at a rate of interest representing AGLR’s cost of funds, as determined by contacting AGLR's commercial paper dealers, but shall in no event exceed the then-effective rate of interest announced by Bank of America Illinois in Chicago, Illinois. The interest shall be based on the period of time that the payment is lateequal to IGC' s long term interestrate.