Payment and Offset. (a) Subject to Section 2.11(b), Taxes collectable by one Party from another Party pursuant to this Agreement will be payable in immediately available funds within 30 days of receipt of an invoice. (b) A Party may offset amounts of Taxes owing to another Party under this Agreement against Taxes or other amounts receivable from such other Party pursuant to this Agreement or any of the other Formal Agreements, subject to reporting and remittance of such offset Taxes in accordance with Applicable Law.
Appears in 3 contracts
Samples: Transmission Service Agreement, New Brunswick Transmission Utilization Agreement, Mepco Transmission Rights Agreement
Payment and Offset. (a) Subject to Section 2.11(b2.8(b), Taxes collectable by one Party from another Party pursuant to this Agreement will be payable in immediately available funds within 30 days of receipt of an invoice.
(b) A Party may offset amounts of Taxes owing to another Party under this Agreement against Taxes or other amounts receivable from such other Party pursuant to this Agreement or any of the other Formal Agreements, subject to reporting and remittance of such offset Taxes in accordance with Applicable Law.
Appears in 3 contracts
Samples: Transmission Funding Agreement, Lil Assets Agreement, Lease Agreement
Payment and Offset. (a) Subject to Section 2.11(b4.4(b), Taxes collectable by one Party from another the other Party pursuant to this Agreement will be payable in immediately available funds within 30 days of receipt of an invoice.
(b) A Party may offset amounts of Taxes owing to another the other Party under this Agreement against Taxes or other amounts receivable from such the other Party pursuant to this Agreement or any of the other Formal AgreementsAgreement, subject to reporting and remittance of such offset Taxes in accordance with Applicable Law.
Appears in 3 contracts
Samples: Transmission Service Agreement, Transmission Service Agreement, Transmission Service Agreement
Payment and Offset. (ai) Subject to Section 2.11(b5.7(i)(ii), Taxes collectable by one Party from another the other Party pursuant to this Agreement will be payable in immediately available funds within 30 days of receipt of an invoice.
(bii) A Party may offset amounts of Taxes owing to another the other Party under this Agreement against Taxes or other amounts receivable from such the other Party pursuant to this Agreement or any of the other Formal AgreementsAgreement, subject to reporting and remittance of such offset Taxes in accordance with Applicable Law.
Appears in 2 contracts
Samples: Joint Operations Agreement, Joint Operations Agreement
Payment and Offset. (a) Subject to Section 2.11(b7.4(b), Taxes collectable by one Party from another the other Party pursuant to this Agreement will be payable in immediately available funds within 30 days of receipt of an invoice.
(b) A Party may offset amounts of Taxes owing to another the other Party under this Agreement against Taxes or other amounts receivable from such the other Party pursuant to this Agreement or any of the other Formal AgreementsAgreement, subject to reporting and remittance of such offset Taxes in accordance with Applicable Law.
Appears in 2 contracts
Samples: Mepco Transmission Rights Agreement, Lil Assets Agreement
Payment and Offset. (a) Subject to Section 2.11(b3.4(b), Taxes collectable by one Party from another the other Party pursuant to this Agreement will be payable in immediately available funds within 30 days of receipt of an invoice.
(b) A Party may offset amounts of Taxes owing to another the other Party under this Agreement against Taxes or other amounts receivable from such the other Party pursuant to this Agreement or any of the other Formal AgreementsAgreement, subject to reporting and remittance of such offset Taxes in accordance with Applicable Law.
Appears in 1 contract
Samples: Energy and Capacity Agreement
Payment and Offset. (a) Subject to Section 2.11(b3.4(b), Taxes collectable by one Party from another Party pursuant to this Agreement will be payable in immediately available funds within 30 days of receipt of an invoice.
(b) A Party may offset amounts of Taxes owing to another Party under this Agreement against Taxes or other amounts receivable from such other Party pursuant to this Agreement or any of the other Formal AgreementsAgreement, subject to reporting and remittance of such offset Taxes in accordance with Applicable Law.
Appears in 1 contract
Samples: Remedies Agreement
Payment and Offset. (a) Subject to Section 2.11(b10.4(b), Taxes collectable collectible by one Party from another the other Party pursuant to this Agreement will be payable in immediately available funds within 30 days 20 Business Days of receipt of an invoice.
(b) A Provided all amounts due under the Initial Financing are Paid in Full, a Party may offset amounts of Taxes owing to another the other Party under this Agreement against Taxes or other amounts receivable from such the other Party pursuant to this Agreement or any of the other Formal AgreementsAgreement, subject to reporting and remittance of such offset Taxes in accordance with Applicable Law.
Appears in 1 contract
Samples: Power Purchase Agreement
Payment and Offset. (a) Subject to Section 2.11(b11.4(b), Taxes collectable collectible by one Party from another Party pursuant to this Agreement will be payable in immediately available funds within 30 days 20 Business Days of receipt of an invoice.
(b) A Provided all amounts due under the Initial Financing are Paid in Full, a Party may offset amounts of Taxes owing to another Party under this Agreement against Taxes or other amounts receivable from such the other Party pursuant to this Agreement or any of the other Formal AgreementsAgreement, subject to reporting and remittance of such offset Taxes in accordance with Applicable Law.
Appears in 1 contract
Samples: Generator Interconnection Agreement
Payment and Offset. (a) Subject to Section 2.11(b8.4(b), Taxes collectable by one Party from another the other Party pursuant to this Agreement will be payable in immediately available funds within 30 days of receipt of an invoice.
(b) A Party may offset amounts of Taxes owing to another the other Party under this Agreement against Taxes or other amounts receivable from such the other Party pursuant to this Agreement or any of the other Formal AgreementsAgreement, subject to reporting and remittance of such offset Taxes in accordance with Applicable Law.
Appears in 1 contract
Samples: Lease Agreement
Payment and Offset. (ai) Subject to Section 2.11(b8.8(i)(ii), Taxes collectable by one Party from another the other Party pursuant to this Agreement will be payable in immediately available funds within 30 days of receipt of an invoice.
(b) A Party may offset amounts of Taxes owing to another Party under this Agreement against Taxes or other amounts receivable from such other Party pursuant to this Agreement or any of the other Formal Agreements, subject to reporting and remittance of such offset Taxes in accordance with Applicable Law.
Appears in 1 contract
Samples: Joint Development Agreement
Payment and Offset. (a) Subject to Section 2.11(b14.4(b), Taxes collectable by one Party from another the other Party pursuant to this Agreement will be payable in immediately available funds within 30 days of receipt of an invoice.
(b) A Party may offset amounts of Taxes owing to another the other Party under this Agreement against Taxes or other amounts receivable from such the other Party pursuant to this Agreement or any of the other Formal AgreementsAgreement, subject to reporting and remittance of such offset Taxes in accordance with Applicable Law.
Appears in 1 contract
Samples: Interconnection Operators Agreement
Payment and Offset. (a) Subject to Section 2.11(b11.4(b), Taxes collectable by one Party from another the other Party pursuant to this Agreement will be payable in immediately available funds within 30 days of receipt of an invoice.
(b) A Party may offset amounts of Taxes owing to another the other Party under this Agreement against Taxes or other amounts receivable from such the other Party pursuant to this Agreement or any of the other Formal AgreementsAgreement, subject to reporting and remittance of such offset Taxes in accordance with Applicable Law.
Appears in 1 contract
Payment and Offset. (a) Subject to Section 2.11(b7.4(b), Taxes collectable by one Party from another Party pursuant to this Agreement will be payable in immediately available funds within 30 days of receipt of an invoice.
(b) A Party may offset amounts of Taxes owing to another Party under this Agreement against Taxes or other amounts receivable from such other Party pursuant to this Agreement or any of the other Formal AgreementsAgreement, subject to reporting and remittance of such offset Taxes in accordance with Applicable Law.
Appears in 1 contract
Samples: Transmission Funding Agreement
Payment and Offset. (a) Subject to Section 2.11(b5.4(b), Taxes collectable by one Party from another the other Party pursuant to this Agreement will be payable in immediately available funds within 30 days of receipt of an invoice.
(b) A Party may offset amounts of Taxes owing to another the other Party under this Agreement against Taxes or other amounts receivable from such the other Party pursuant to this Agreement or any of the other Formal AgreementsAgreement, subject to reporting and remittance of such offset Taxes in accordance with Applicable Law.
Appears in 1 contract