Common use of Payment of Supplementary Bill Clause in Contracts

Payment of Supplementary Bill. 2.12.1 SECI may raise a "Supplementary Bill" for payment on account of: i) Change in Law as provided in Article 12 of PPA, or ii) Any subsequent revision in energy account by concerned RLDC/SLDC, as applicable, or iii) Payment under Article 2.13 and other charges, if any. And such Supplementary Bill shall be paid by the other Party. 2.12.2 Buying Entity shall remit all amounts due under a Supplementary Bill raised by the SECI to the SECI’s Designated Account by the Due Date. 2.12.3 In the event of delay in payment of a Supplementary Bill by either Party beyond its Due Date, a Late Payment Surcharge shall be payable at the same terms applicable to the Monthly Bill in Article 2.3.

Payment of Supplementary Bill. 2.12.1 SECI 13.9.1 Developer may raise a ("Supplementary Bill" ") for payment on account of: ia) Adjustments required by the Energy Accounts (if applicable); or b) Tariff payment for change in parameters, or c) Change in Law as provided in Article 12 of PPA15, or ii) Any subsequent revision in energy account by concerned RLDC/SLDC, as applicable, or iii) Payment under Article 2.13 and other charges, if any. And such Supplementary Bill shall be paid by the other Party. 2.12.2 Buying Entity 13.9.2 ESCOM shall remit all amounts due under a Supplementary Bill raised by the SECI Developer to the SECI’s Developer's Designated Account by the Due Date. For such payments by ESCOM, Rebate as applicable to Monthly Bills pursuant to Article 13.5 shall equally apply. 2.12.3 13.9.3 In the event of delay in payment of a Supplementary Bill by either Party beyond its Due Date, a Late Payment Surcharge shall be payable at the same terms applicable to the Monthly Bill in Article 2.313.4.