Common use of Payment of Non-compliance Penalties Clause in Contracts

Payment of Non-compliance Penalties. Subject to Clause (i) above, the Service Provider shall pay the Non-compliance Penalty indicated in the Non-compliance Penalty Certificate within 10 (ten) Business Days of TNPA issuing a valid Tax Invoice to the Service Provider for the amount set out in that certificate. If TNPA does not issue a valid Tax Invoice to the Service Provider for Non-compliance Penalties accrued during any relevant period, those Non-compliance Penalties shall be carried forward to the next period.

Payment of Non-compliance Penalties. Subject to Clause (i) aboveo), the Service Provider shall pay the Non-compliance Non Compliance Penalty indicated in the Non-compliance Non Compliance Penalty Certificate within 10 (ten) Business Days of TNPA issuing a valid Tax Invoice to the Service Provider for the amount set out in that certificate. If TNPA does not issue a valid Tax Invoice to the Service Provider for Non-compliance Non Compliance Penalties accrued during any relevant period, those Non-compliance Non Compliance Penalties shall be carried forward to the next period.