Common use of Monthly True-Up Invoicing and Payment Clause in Contracts

Monthly True-Up Invoicing and Payment. If the amount of the Monthly True-Up Payment is a positive number, such amount shall be due from DCR to Xxxx, and if the amount of the Monthly True-Up Payment is a negative number, then the absolute value thereof shall be due from Xxxx to DCR. The Party owing the Monthly True-Up Payment shall pay such amount as shown on the Monthly True-Up Statement to the other Party on or prior to 5:00 p.m. EPT on the second Business Day following Aron’s delivery to DCR of the Monthly True-Up Statement and all related supporting documentation, subject to Section 12.3.

Appears in 4 contracts

Samples: Inventory Intermediation Agreement (PBF Energy Co LLC), Inventory Intermediation Agreement (PBF Finance Corp), Inventory Intermediation Agreement (PBF Energy Inc.)

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Monthly True-Up Invoicing and Payment. If the amount of the Monthly True-Up Payment is a positive number, such amount shall be due from DCR PRC to Xxxx, and if the amount of the Monthly True-Up Payment is a negative number, then the absolute value thereof shall be due from Xxxx to DCRPRC. The Party owing the Monthly True-Up Payment shall pay such amount as shown on the Monthly True-Up Statement to the other Party on or prior to 5:00 p.m. EPT on the second Business Day following Aron’s delivery to DCR PRC of the Monthly True-Up Statement and all related supporting documentation, subject to Section 12.3.

Appears in 2 contracts

Samples: Inventory Intermediation Agreement (PBF Energy Co LLC), Inventory Intermediation Agreement (PBF Holding Co LLC)

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