Late Payment Surcharge. In the event of delay in payment of a Monthly Xxxx by the Buying Utility, within 30 days beyond its Due Date, a Late Payment Surcharge shall be payable by the Buying Utility to SECI at the rate of 1.25% per month on the outstanding amount calculated on a day to day basis. The Late Payment Surcharge shall be claimed by SECI through the next Monthly Xxxx.
Appears in 5 contracts
Samples: Power Purchase Agreement, Power Purchase Agreement, Power Sale Agreement
Late Payment Surcharge. In the event of delay in payment of a Monthly Xxxx by the Buying Utility, within 30 days Entity beyond its the Due Date, a Late Payment Surcharge shall be payable by the Buying Utility Entity to SECI at the rate of 1.25% per month on the outstanding amount calculated on a day to day basis. The Late Payment Surcharge shall be claimed by SECI through the next Monthly Xxxxsupplementary bills.
Appears in 5 contracts
Samples: Power Sale Agreement, Power Sale Agreement, Power Sale Agreement
Late Payment Surcharge. In the event of delay in payment of a Monthly Xxxx by the Buying Utility, within 30 Entity beyond sixty (60) days beyond its Due Datefrom the date of presentation of xxxx, a Late Payment Surcharge shall be payable by the Buying Utility Entity to SECI at the rate of 1.25% per month on the outstanding amount calculated on a day to day basis. The Late Payment Surcharge shall be claimed by SECI through the next Monthly Xxxx.
Appears in 3 contracts
Samples: Power Sale Agreement, Power Sale Agreement, Power Sale Agreement
Late Payment Surcharge. In the event of delay in payment of a Monthly Xxxx Bill by the Buying Utility, within 30 days SECI beyond its Due Date, a Late Payment Surcharge shall be payable by on the Buying Utility to SECI payment outstanding after the Due Date, at the rate of 1.25% per month on the outstanding amount calculated on a day to day basisbasis subject to such late payment surcharge being duly received by SECI under the BESSA from the Buying Entity(ies). The Late Payment Surcharge shall be claimed by SECI the BESSD through the next Monthly XxxxSupplementary Bill.
Appears in 2 contracts
Samples: Battery Energy Storage Purchase Agreement, Battery Energy Storage Purchase Agreement
Late Payment Surcharge. In the event of delay in payment of a Monthly Xxxx by the Buying Utility, within 30 Entity beyond thirty (30) days beyond of its Due DateDate from the date of presentation of xxxx, a Late Payment Surcharge shall be payable by the Buying Utility Entity to SECI at the rate of 1.25% per month on the outstanding amount calculated on a day to day basis. The Late Payment Surcharge shall be claimed by SECI through the next Monthly Xxxx.
Appears in 2 contracts
Samples: Power Sale Agreement, Power Sale Agreement
Late Payment Surcharge. In the event of delay in payment of a Monthly Xxxx by SECI beyond the Buying Utility, within 30 days beyond its Due Date, a Late Payment Surcharge shall be payable by to the Buying Utility to SECI RPD at the rate of 1.25% per month on the outstanding amount calculated on a day to day basisbasis subject to such late payment surcharge being duly received by SECI under the PSA from the Buying Entity(ies). The Late Payment Surcharge shall be claimed by SECI the RPD through the next Monthly Supplementary Xxxx.
Appears in 2 contracts
Late Payment Surcharge. In the event of delay in payment of a Monthly Xxxx by the Buying Utility, within 30 SECI beyond thirty (30) days beyond of its Due Date, a Late Payment Surcharge shall be payable by to the Buying Utility to SECI WPD at the rate of 1.25% per month on the outstanding amount calculated on a day to day basisbasis subject to such late payment surcharge being duly received by SECI under the PSA from the Buying Entity(ies). The Late Payment Surcharge shall be claimed by SECI the WPD through the next Monthly Supplementary Xxxx.
Appears in 2 contracts
Late Payment Surcharge. In the event of delay in payment of a Monthly Xxxx by the Buying Utility, within 30 Utility thirty (30) days beyond its Due Date, a Late Payment Surcharge shall be payable by the Buying Utility to SECI at the rate of 1.25% per month on the outstanding amount calculated on a day to day basis. The Late Payment Surcharge shall be claimed by SECI through the next Monthly Xxxx.
Appears in 1 contract
Samples: Power Sale Agreement
Late Payment Surcharge. In the event of delay in payment of a Monthly Xxxx by the Buying Utility, within SECI beyond 30 days beyond its after the Due Date, a Late Payment Surcharge shall be payable by SECI to the Buying Utility to SECI at the rate of 1.25% per month WPD on the outstanding amount calculated on a day to day basis. The payment, at the base rate of Late Payment Surcharge shall be claimed by SECI through applicable for the next Monthly Xxxx.period for the first month of default. β
Appears in 1 contract
Samples: Power Purchase Agreement
Late Payment Surcharge. In the event of delay in payment of a Monthly Xxxx by the Buying Utility, within SECI beyond 30 days beyond its after the Due Date, a Late Payment Surcharge shall be payable by SECI to the Buying Utility to SECI at the rate of 1.25% per month HPD on the outstanding amount calculated on a day to day basis. The payment, at the base rate of Late Payment Surcharge shall be claimed by SECI through applicable for the next Monthly Xxxx.period for the first month of default. β
Appears in 1 contract
Samples: Power Purchase Agreement
Late Payment Surcharge. In the event of delay in payment of a Monthly Xxxx by the Buying Utility, within 30 Entity beyond sixty (60) days beyond its Due Datefrom the date of presentation of xxxx, a Late Payment Surcharge shall be payable by the Buying Utility Entity to SECI at the rate of 1.25% per month on the outstanding amount calculated on a day to day basis. The Late Payment Surcharge shall be claimed by SECI through the next Monthly Xxxxsupplementary bills.
Appears in 1 contract
Samples: Power Sale Agreement