Common use of Payment of Claim Clause in Contracts

Payment of Claim. Within forty five (45) days from the date Notice of an ISO Change Cost Payment is provided pursuant to this Section 11.03, a Party receiving a claim for an ISO Change Cost Payment shall either: (i) Pay the claim; or (ii) Provide Notice to the claiming Party that it disputes the claim and pay any portion of the claim which it does not dispute. The Party’s Notice that it disputes the claim shall set forth in detail the reason for its dispute, and shall include the disputing Party’s calculation of the ISO Change Cost and any ISO Change Cost Payment in accordance with Exhibit P as well as annotated workpapers and source data supporting the disputing Party’s calculations.

Appears in 7 contracts

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

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Payment of Claim. Within forty five (45) days from the date Notice of an ISO Change Cost Payment is provided pursuant to this Section 11.03, a Party receiving a claim for an ISO Change Cost Payment shall either: (i) Pay the claim; or (ii) Provide Notice to the claiming Party that it disputes the claim and pay any portion of the claim which it does not dispute. The Party’s Notice that it disputes the claim shall set forth in detail the reason for its dispute, and shall include the disputing Party’s calculation of the ISO Change Cost and any ISO Change Cost Payment in accordance with Exhibit P M as well as annotated workpapers and source data supporting the disputing Party’s calculations.

Appears in 2 contracts

Samples: Renewable Power Purchase and Sale Agreement (GreenHunter Energy, Inc.), Renewable Power Purchase and Sale Agreement

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