Common use of Payment during the Term Clause in Contracts

Payment during the Term. For payments associated with Unsubscribed Delivered Energy, SCE shall, within ninety (90) days immediately following the end of each calendar month: (a) Issue a Payment Invoice to Seller, and upon request from Seller, Buyer shall include documentation supporting any SCE Penalties, Negative LMP Costs, CAISO Costs, CAISO Sanctions, [RA Deficit Payments pursuant to Section 3.02] (b) Send to Seller, via wire transfer or Automated Clearing House, SCE’s payment of said net amount, less any applicable SCE Penalties, Negative LMP Costs, CAISO Costs, CAISO Sanctions, [RA Deficit Payments pursuant to Section 3.02] {SCE Comment: FCDS projects only.}, or other applicable charges or offsets plus, if such payment is late, a Late Payment Simple Interest calculated using the Interest Rate and the number of days that such payment is late. Any amounts owed by Seller under this Agreement, including those set forth in Section 1.01(b) of this Exhibit E, shall not be included in Seller’s Subscription Information and Xxxx Credit Instructions, but shall be included in amounts payable directly to or from Seller, and such amounts shall be paid in the form of xxxx credits and will not be eligible to receive a Late Payment Simple Interest if such xxxx credits are issued to Customer late, as a result of recomputation, error, or resolution of a disputed amount. The Parties acknowledge that data necessary to calculate certain payment obligations of SCE and Seller under this Agreement may not be available at the time SCE issues the Payment Invoice with respect to a particular month. Any such payment obligations, shall be included in a subsequent Payment Invoice issued to Seller on or before the last Business Day of the month following the month that is the later of (i) one hundred and twenty (120) days following the last day of the calendar month to which the data relates or (ii) thirty (30) days after the relevant CAISO final settlement data is available to SCE.