Common use of Payment and Billing Clause in Contracts

Payment and Billing. Within fifteen (15) Days after the end of each Month, the Seller shall prepare and deliver to the Purchaser an Invoice which shall include calculations, in reasonable detail, of such amounts owed to the Seller for Capacity Payments, Energy Payments, [Supplemental Payments] and liquidated damages and amounts owed to the Purchaser including liquidated damages, in accordance with this Agreement and the procedures determined by the Operating Committee; and 12.6.1 Any payment which is not paid when due shall bear interest at the Default Rate. 12.6.2 If the Purchaser disputes any portion of such statement, then the Purchaser shall, within six (6) Days of the receipt of such statement, serve a notice on the Seller indicating the amount in dispute and the basis thereof ("Payment Dispute Notice"). The matter shall be settled by mutual discussion and, if necessary, referral to an expert pursuant to Clause 20.2. If it is determined that the either Party (the "Debtor Party") owes an amount of money to the other Party (the "Creditor Party"), the Debtor Party shall, within fifteen (15) Working Days after the receipt of such determination, pay such sum to the Creditor Party together with interest thereon at the Default Rate from the date the Debtor Party should have paid such sum to the Creditor Party. 12.6.3 [At any time prior to [◆] Days after the end of an Operating Year, or within such other period as permitted or required by applicable law, either Party may serve a Payment Dispute Notice on the other Party that the amount of any statement submitted by the Purchaser during the preceding Operating Year is in dispute. Each Payment Dispute Notice shall specify the statement concerned, the amount of the Dispute and the basis thereof. The Dispute shall be settled by mutual discussion and, if necessary, referral to an expert pursuant to Clause and 20.2. Upon resolution of the Dispute, the Party which is determined to owe money to the other Party shall immediately pay such sum to the other Party together with interest thereon at the Default Rate from the date such payment should have been made.]

Payment and Billing. 12.7.1 Within fifteen (15) Days after the end of each Month, the Seller shall prepare and deliver to the Purchaser an Invoice which shall which: 12.7.1.1 include calculations, in reasonable detail, of such amounts owed to the Seller for Capacity Payments, Energy Payments, [Supplemental Payments] and liquidated damages and amounts owed to the Purchaser including liquidated damages, in accordance with this Agreement and the procedures determined by the Operating Committee; and 12.6.1 12.7.2 Any payment which is not paid when due shall bear interest at the Default Rate. 12.6.2 12.7.3 If the Purchaser disputes any portion of such statement, then the Purchaser shall, within six (6) Days of the receipt of such statement, serve a notice on the Seller indicating the amount in dispute and the basis thereof therefore ("Payment Dispute Notice"). The matter shall be settled by mutual discussion and, if necessary, referral to an expert pursuant to Clause 20.2. If it is determined that the either Party (the Party(the "Debtor Party") owes an amount of money to the other Party (the "Creditor Party"), the Debtor Party shall, within fifteen (15) Working working Days after the receipt of such determination, pay such sum to the Creditor Party together with interest thereon at the Default Rate from the date the Debtor Party should have paid such sum to the Creditor Party. 12.6.3 12.7.4 [At any time prior to [◆] Days ]Days after the end of an Operating Year, or within such other period as permitted or required by applicable law, either Party may serve a Payment Dispute Notice on the other Party that the amount of any statement submitted by the Purchaser during the preceding Operating Year is in dispute. Each Payment Dispute Notice shall specify the statement concerned, the amount of the Dispute and the basis thereof. The Dispute shall be settled by mutual discussion and, if necessary, referral to an expert pursuant to Clause and 20.2. Upon resolution of the Dispute, the Party which is determined to owe money to the other Party shall immediately pay such sum to the other Party together with interest thereon at the Default Rate from the date such payment should have been made.]

Payment and Billing. Within fifteen (15) Days 15)Days after the end of each Month, the Seller shall prepare and deliver to the Purchaser an Invoice invoice which shall include calculations, in reasonable detail, of such amounts owed to the Seller for Capacity Payments, Energy Payments, [Supplemental Payments] and liquidated damages and amounts owed to the Purchaser including liquidated damages, in accordance with this Agreement and the procedures determined by the Operating Committee; and 12.6.1 Any payment which is not paid when due shall bear interest at the Default Rate. 12.6.2 If the Purchaser disputes any portion of such statement, then the Purchaser shall, within six (6) Days of the receipt of such statement, serve a notice on the Seller indicating the amount in dispute and the basis thereof therefore ("Payment Dispute Notice"). The matter shall be settled by mutual discussion and, if necessary, referral to an expert pursuant to Clause 20.2. If it is determined that the either Party (the "Debtor Party") owes an amount of money to the other Party (the "Creditor Party"), the Debtor Party shall, within fifteen (15) Working working Days after the receipt of such determination, pay such sum to the Creditor Party together with interest thereon at the Default Rate from the date the Debtor Party should have paid such sum to the Creditor Party. 12.6.3 [At any time prior to [◆] Days ]Days after the end of an Operating Year, or within such other period as permitted or required by applicable law, either Party may serve a Payment Dispute Notice on the other Party that the amount of any statement submitted by the Purchaser during the preceding Operating Year is in dispute. Each Payment Dispute Notice shall specify the statement concerned, the amount of the Dispute and the basis thereof. The Dispute shall be settled by mutual discussion and, if necessary, referral to an expert pursuant to Clause and 20.2. Upon resolution of the Dispute, the Party which is determined to owe money to the other Party shall immediately pay such sum to the other Party together with interest thereon at the Default Rate from the date such payment should have been made.]

Payment and Billing. 12.7.1 Within fifteen (15) Days after the end of each Month, the Seller shall prepare and deliver to the Purchaser an Invoice which Invoicewhich shall include calculations, in reasonable detail, of such amounts owed to the Seller for Capacity Payments, Energy Payments, [Supplemental Payments] and liquidated damages and amounts owed to the Purchaser including liquidated damages, in accordance with this Agreement and the procedures determined by the Operating Committee; and 12.6.1 12.7.2 Any payment which is not paid when due shall bear interest at the Default Rate. 12.6.2 12.7.3 If the Purchaser disputes any portion of such statement, then the Purchaser shall, within six (6) Days 6)Days of the receipt of such statement, serve a notice on the Seller indicating the amount in dispute and the basis thereof ("Payment Dispute Notice"). The matter shall be settled by mutual discussion and, if necessary, referral to an expert pursuant to Clause 20.2. If it is determined that the either Party (the Party(the "Debtor Party") owes an amount of money to the other Party (the "Creditor Party"), the Debtor Party shall, within fifteen (15) Working working Days after the receipt of such determination, pay such sum to the Creditor Party together with interest thereon at the Default Rate from the date the Debtor Party should have paid such sum to the Creditor Party. 12.6.3 12.7.4 [At any time prior to [◆] Days after the end of an Operating Year, or within such other period as permitted or required by applicable law, either Party may serve a Payment Dispute Notice on the other Party that the amount of any statement submitted by the Purchaser during the preceding Operating Year is in dispute. Each Payment Dispute Notice shall specify the statement concerned, the amount of the Dispute and the basis thereof. The Dispute shall be settled by mutual discussion and, if necessary, referral to an expert pursuant to Clause and 20.2. Upon resolution of the Dispute, the Party which is determined to owe money to the other Party shall immediately pay such sum to the other Party together with interest thereon at the Default Rate from the date such payment should have been made.]

Payment and Billing. Within fifteen (15) Days after the end of each Month, the Seller shall prepare and deliver to the Purchaser an Invoice which shall include calculations, in reasonable detail, of such amounts owed to the Seller for Capacity Payments, Energy Payments, [Supplemental Payments] and liquidated damages and amounts owed to the Purchaser including liquidated damages, in accordance with this Agreement and the procedures determined by the Operating Committee; and 12.6.1 12.7.1 Any payment which is not paid when due shall bear interest at the Default Rate. 12.6.2 12.7.2 If the Purchaser disputes any portion of such statement, then the Purchaser shall, within six (6) Days of the receipt of such statement, serve a notice on the Seller indicating the amount in dispute and the basis thereof therefore ("Payment Dispute Notice"). The matter shall be settled by mutual discussion and, if necessary, referral to an expert pursuant to Clause 20.2. If it is determined that the either Party (the "Debtor Party") owes an amount of money to the other Party (the "Creditor Party"), the Debtor Party shall, within fifteen (15) Working working Days after the receipt of such determination, pay such sum to the Creditor Party together with interest thereon at the Default Rate from the date the Debtor Party should have paid such sum to the Creditor Party. 12.6.3 12.7.3 [At any time prior to [◆] Days after the end of an Operating Year, Year or within such other period as permitted or required by applicable law, either Party may serve a Payment Dispute Notice on the other Party that the amount of any statement submitted by the Purchaser during the preceding Operating Year is in dispute. Each Payment Dispute Notice shall specify the statement concerned, the amount of the Dispute and the basis thereoftherefore. The Dispute shall be settled by mutual discussion and, if necessary, referral to an expert pursuant to Clause and 20.2. Upon resolution of the Dispute, the Party which is determined to owe money to the other Party shall immediately pay such sum to the other Party together with interest thereon at the Default Rate from the date such payment should have been made.]