Netting and Payment Sample Clauses

Netting and Payment. The amounts that each party owes to the other as determined under Section 12.2 for electricity and Gas under this Agreement for each month shall be aggregated and the party, if any, owing the greater aggregate amount shall pay to the other party the difference between the amounts owed. Unless otherwise agreed between the parties, payments shall be made by wire transfer or other agreed manner. Payment is due by the 25th calendar day of each month for the prior month. Any late payments will accrue interest at the Prime Rate plus 1.5%. US dollars shall be converted to Canadian dollars using the applicable Bank of Canada Daily Exchange Rate for each day of the month during which the applicable payment obligations were incurred.
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Netting and Payment. If each Party is required to pay the other an amount in the same month pursuant to this Agreement or any of the Ancillary Agreements, then the Party owing the greater aggregate amount will pay to the other Party the difference between the amounts owed; provided, however, such netting requirement shall not apply to Regulatory Charges, indemnification payments, liquidated damages and other amounts due outside of the normal course of performance under the Agreement. Payment of all undisputed amounts owed shall be due on the same date as the monthly PJM settlement date, which is currently the first Business Day following the 19th calendar day of the month (“Monthly Payment Date”). If either the invoice due date or Monthly Payment Date is not a Business Day, then such invoice or payment shall be provided on the next following Business Day. Each Party will make payments by electronic funds transfer, or by other mutually agreeable method(s), to an account designated by the other Party. Any undisputed amounts not paid by any Party by the applicable Monthly Payment Date will be deemed delinquent and will accrue interest at the Interest Rate, such interest to be calculated from and including the first day after the applicable Monthly Payment Date to, but excluding, the date the delinquent amount is paid in full. Notwithstanding anything herein to the contrary, in the event Seller fails to post adequate amounts of Collateral as required hereunder, Buyer may withhold payments to be made to Seller pursuant to Section 6.1 in the amount of such deficiency or terminate the Agreement pursuant to Sections 12.1(a) and 12.2.
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Netting and Payment. The amounts that each party owes to the other for electricity and Gas under this Agreement for each month shall be aggregated and the party, if any, owing the greater aggregate amount shall pay to the other party the difference between the amounts owed. Unless otherwise agreed between the parties, payments shall be due on or before the 25th day of the month, or if such day is not a business day, the immediately following business day, and shall be made by wire transfer or other agreed manner. Unless otherwise agreed between the parties, overdue payments shall accrue interest frol11, and including, the due date to, but excluding, the date of payment at the Prime Rate plus 2%. US dollars shall be converted to Canadian dollars llsing the Bank of Montreal, Toronto, monthly average noon-rate of the month during which the payment obligations were incurred.
Sample 1
Netting and Payment. (i) If the aggregate amount by which the Buyer is required to make payments to the Sellers pursuant to Sections 2.4(a)(i), 2.4(b)(i), 2.4(c)(i) and 2.4(d)(i) is greater than the aggregate amount by which the Buyer is entitled to receive from the Adjustment Escrow pursuant to Sections 2.4(a)(ii), 2.4(b)(ii), 2.4(c)(ii) and 2.4(d)(ii), then the Stockholder Representative shall provide the Buyer with the Consideration Allocation Schedule and, within five (5) Business Days upon receipt of such schedule (A), Buyer shall pay to Sellers in accordance with their Aggregate Percentage Interests provided in such Consideration Allocation Schedule by wire transfer of immediately available funds a dollar amount equal to the amount of such aggregate excess and (B) Buyer and the Stockholder Representative shall cause the Escrow Agent to release to the Sellers in accordance with the Consideration Allocation Schedule the full amount of the Adjustment Escrow; and
Sample 1
Netting and Payment. (i) If the aggregate amount by which the Purchase Price is required to be increased pursuant to Sections 2.4(a)(i), 2.4(b)(i), 2.4(c)(ii) and 2.4(d)(ii) is greater than the aggregate amount by which the Purchase Price is required to be decreased pursuant to Sections 2.4(a)(ii), 2.4(b)(ii), 2.4(c)(i) and 2.4(d)(i) then Buyer shall pay to Sellers in accordance with their Percentage Interests by wire transfer of immediately available funds a dollar amount equal to the amount of such aggregate excess; and
Sample 1
Netting and Payment. (i) If the aggregate amount by which the Purchase Price is required to be increased pursuant to Sections 2.4(a)(i), 2.4(b)(i), 2.4(c)(ii) and 2.4(d)(ii) is equal to or greater than the aggregate amount by which the Purchase Price is required to be decreased pursuant to Sections 2.4(a)(ii), 2.4(b)(ii), 2.4(c)(i) and 2.4(d)(i), then (A) Buyer shall pay to Seller by wire transfer of immediately available funds a dollar amount equal to the amount of such net excess (if any) and (B) Buyer and the Seller shall execute and deliver joint written instructions to the Escrow Agent instructing the Escrow Agent to release the then existing Adjustment Escrow Funds to the Seller; and
Sample 1
Netting and Payment. The Parties net payment obligations incurred hereunder (whether such amounts are due for the current month or otherwise), so that any amounts owed by each Party to the other Party under this Agreement will be setoff and that only the excess amount will be paid by the Party who owes it.
Sample 1
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Netting and Payment. The Parties shall aggregate and net any amounts required to be paid pursuant to Sections 2.5(a), 2.5(b) and 2.5(c); provided, however, that, for the avoidance of doubt, if (i) the aggregate amount that Buyer is required to pay to Vectron or the Designated Seller pursuant to Sections 2.5(a)(i), 2.5(b)(i) and 2.5(c)(i) is equal to (ii) the aggregate amount that Parent and Vectron are required to pay or cause to
Sample 1

Related to Netting and Payment

  • Billing and Payment The Price will be itemized and included on your xxxx from the DSP, and is due and payable to the DSP on the same day your DSP xxxx is due. You will continue to be billed by your DSP taxes and other charges consistent with filed tariffs at the Illinois Commerce Commission to transmit and distribute the Retail Power supplied to you per this Agreement. You should continue to follow any xxxx payment procedures set forth between you and the DSP. You agree to accept the measurements as determined by the DSP for purposes of accounting for the amount of Retail Power services provided by DES under this Agreement. If the DSP is unable to read your meter, the DSP will estimate your usage and your charges will be calculated accordingly and adjusted on a future xxxx. DES’S ability to supply you under this Agreement is conditioned on the DSP accepting DES’S enrollment of your account for consolidated billing and purchase of receivables by the DSP. If you are not eligible for your DSP’s consolidated billing and purchase of receivables, you will need to secure eligibility with your DSP before DES can serve you. Should the DSP cease providing consolidated billing and purchase of receivables for your account and/or commence billing DES for any charges relating to you, DES will xxxx you directly and you will pay DES for all such charges pursuant to the payment provisions specified in DES’S xxxx.

  • Pricing and Payment Prices for each Product and any terms and conditions for invoicing and payment will be established by Customer’s Reseller.

  • Reporting and Payment 8.1. Unless otherwise agreed between the Parties, reporting numbers are based on xxxxx://xx.xxxxxxxxxxxxxx.xxx/ dashboard reports of the Advertiser and/or any other databases and/or dashboards that the Advertiser may decide from time to time. The report shall summarize data including but not limited to, the number of registrations and/or actions according to the payment model agreed between the Parties, the amount of payment of reporting month/biweek and other variables of the products.

  • Vesting and Payment 2. The Special Retention Award vests on the third anniversary date of the grant date, and will be paid to the Participant in Shares on the vesting date or within 90 days thereafter.

  • Termination and Payment Upon any termination or expiration of this Agreement, Client shall pay all unpaid and outstanding fees through the effective date of termination or expiration of this Agreement. And upon such termination, Consultant shall provide and deliver to Client any and all outstanding services due through the effective date of this Agreement.

  • Collection and Payment The Trustees shall have full power and authority to collect all property due to the Trust; to pay all claims, including taxes, against the Trust or Trust Property; to prosecute, defend, compromise, settle or abandon any claims relating to the Trust or Trust Property; to foreclose any security interest securing any obligations, by virtue of which any property is owed to the Trust; and to enter into releases, agreements and other instruments.

  • Consideration and Payment The purchase price for the sale of the Purchased Assets sold to the Purchaser on the Closing Date shall equal the estimated fair market value of the Purchased Assets. Such purchase price shall be paid in cash to Santander Consumer in an amount agreed to between Santander Consumer and the Purchaser, and, to the extent not paid in cash by the Purchaser, shall be paid by a capital contribution by Santander Consumer of an undivided interest in such Purchased Assets that increases its equity interest in the Purchaser in an amount equal to the excess of the estimated fair market value of the Purchased Assets over the amount of cash paid by the Purchaser to Santander Consumer.

  • Billing and Payment Terms Customer will be billed monthly in advance of the provision of Internet Data Center Services, and payment of such fees will be due within thirty (30) days of the date of each Exodus invoice. All payments will be made in U.S. dollars. Late payments hereunder will accrue interest at a rate of one and one-half percent (1 1/2%) per month, or the highest rate allowed by applicable law, whichever is lower. If in its judgment Exodus determines that Customer is not creditworthy or is otherwise not financially secure, Exodus may, upon written notice to Customer, modify the payment terms to require full payment before the provision of Internet Data Center Services or other assurances to secure Customer's payment obligations hereunder.

  • Calculation and Payment No later than the second Business Day following the receipt by Purchasers of the Monthly Servicing Oversight Report for a calendar month, Holdings will remit to Seller in immediately available funds the Seller Monthly Servicing Fee and Performance Fees payable by Holdings to Seller for the related calendar month, along with a report showing in reasonable detail the calculation of such Seller Monthly Servicing Fees and Performance Fees.

  • Invoicing and Payment You will provide Us with valid and updated credit card information, or with a valid purchase order or alternative document reasonably acceptable to Us. If You provide credit card information to Us, You authorize Us to charge such credit card for all Purchased Services listed in the Order Form for the initial subscription term and any renewal subscription term(s) as set forth in Section 12.2 (Term of Purchased Subscriptions). Such charges shall be made in advance, either annually or in accordance with any different billing frequency stated in the applicable Order Form. If the Order Form specifies that payment will be by a method other than a credit card, We will invoice You in advance and otherwise in accordance with the relevant Order Form. Unless otherwise stated in the Order Form, invoiced charges are due net 30 days from the invoice date. You are responsible for providing complete and accurate billing and contact information to Us and notifying Us of any changes to such information.

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