Common use of Over-Payment Clause in Contracts

Over-Payment. If, in error or as a result of an update of a Payor’s Maximum Payor Obligation pursuant to section 8.5, a Payor provides funds in excess of those it is obligated to provide under this Agreement, ColumbiaGrid shall refund to such Payor its excess contribution within five business days of ColumbiaGrid’s learning that the funds provided were excess. ColumbiaGrid shall provide each Payor with written notice that it has issued a refund to a Payor pursuant to this section 8.8.9.

Appears in 5 contracts

Samples: Columbiagrid Third Amended and Restated Planning and Expansion Functional Agreement, Planning and Expansion Functional Agreement, Planning and Expansion Functional Agreement

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