Common use of Payment Adjustments Clause in Contracts

Payment Adjustments. Utility shall make a supplemental payment or issue a special invoice in the amount of the difference between the previous payments by Utility for the period of the Metering System’s inaccuracy. Utility’s payment or special invoice shall be delivered within 10 days of the determination of proper readings. Any such special invoice to Developer shall be paid within 10 days of receipt. In no event, however, shall any adjustments be made for any period prior to the date on which the Metering System was last tested and found to be accurate within plus or minus 0.5 per cent and not otherwise functioning improperly.

Appears in 4 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement

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