Common use of Payment by NATIONAL GRID Clause in Contracts

Payment by NATIONAL GRID. NATIONAL GRID shall remit to ESCO the Accounts Receivable Purchase Price for each Billing Cycle 20 calendar days after NATIONAL GRID has issued bills to Customers pursuant to Article 2. Payment to ESCO shall, at NATIONAL GRID’s option, be either by (a) check mailed to the address of ESCO first set forth above, or