Common use of Payment of Supplementary Bill Clause in Contracts

Payment of Supplementary Bill. 9.7.1 SPV may raise a (“Supplementary Bill”) for payment on account of: (a) Adjustments required by the energy accounts (if applicable); or (b) Change in Law as provided in Article 11; and such Supplementary Bill shall be paid by MSEDCL as provided hereinbelow. 9.7.2 MSEDCL shall remit all amounts due under a Supplementary Bill raised by the SPV to the SPV’s Designated Account by the Due Date of Payment, except open access charges, MSLDC or scheduling charges and transmission charges (if applicable). For Supplementary Bill on account of adjustment required by energy account, Rebate as applicable to Monthly Bills pursuant to Article 9.2 shall equally apply. No surcharge will be applicable other than that on the monthly energy payment and associated debit and credit note. 9.7.3 In the event of delay in payment of a Supplementary Bill by either Party beyond its Due Date of Payment, a Late Payment Surcharge shall be payable at the same terms applicable to the Monthly Bill in Article 9.2.

Payment of Supplementary Bill. 9.7.1 SPV may raise a supplementary bill (“Supplementary Bill”) for payment on account of: (a) Adjustments required by the energy accounts (if applicable); or (b) Change in Law as provided in Article 11; and such Supplementary Bill shall be paid by MSEDCL as provided hereinbelow. 9.7.2 MSEDCL shall remit all amounts due under a Supplementary Bill raised by the SPV to the SPV’s Designated Account by the Due Date of Payment, except open access charges, MSLDC or scheduling charges and transmission charges (if applicable). For Supplementary Bill on account of adjustment required by energy account, Rebate as applicable to Monthly Bills pursuant to Article 9.2 shall equally apply. No surcharge will be applicable other than that on the monthly energy payment and associated debit and credit note. 9.7.3 In the event of delay in payment of a Supplementary Bill by either Party beyond its Due Date of Payment, a Late Payment Surcharge shall be payable at the same terms applicable to the Monthly Bill in Article 9.29.3.