Common use of Payment of Supplementary Xxxx Clause in Contracts

Payment of Supplementary Xxxx. 6.9.1 Buyer/Buying Entity may raise a "Supplementary Xxxx" for payment on account of: i) Change in Law as provided in Article 8, or ii) pertaining to open access and scheduling related charges if any, for transmission of the power, as determined by CERC from time to time or iii) payment under Article 6.10 and other charges, if any. and such Supplementary Xxxx shall be paid by the other Party. 6.9.2 Buyer/Buying Entity shall remit all amounts due under a Supplementary Xxxx raised by the Buyer/Buying Entity to the Buyer’s/Buying Entity’s Designated Account by the Due Date. 6.9.3 In the event of delay in payment of a Supplementary Xxxx by either Party within thirty (30) days beyond its Due Date, a Late Payment Surcharge shall be payable at the same terms applicable to the Monthly Xxxx in Article 6.3.3.

Appears in 5 contracts

Samples: Power Sale Agreement, Power Sale Agreement, Power Sale Agreement

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Payment of Supplementary Xxxx. 6.9.1 Buyer/Buying Entity may raise a "Supplementary Xxxx" for payment on account of: i) Change in Law as provided in Article 8, or ii) pertaining to open access and scheduling related charges if any, for transmission of the power, as determined by CERC from time to time or or iii) payment under Article 6.10 and other charges, if any. and such Supplementary Xxxx shall be paid by the other Party. 6.9.2 Buyer/Buying Entity shall remit all amounts due under a Supplementary Xxxx raised by the Buyer/Buying Entity to the Buyer’s/Buying Entity’s Designated Account by the Due Date. 6.9.3 In the event of delay in payment of a Supplementary Xxxx by either Party within thirty (30) days beyond its Due Date, a Late Payment Surcharge shall be payable at the same terms applicable to the Monthly Xxxx in Article 6.3.3.

Appears in 1 contract

Samples: Power Sale Agreement

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Payment of Supplementary Xxxx. 6.9.1 Buyer/Buying Entity may raise a "Supplementary Xxxx" for payment on account of: i) Change in Law as provided in Article 8, or ii) pertaining to open access and scheduling related charges if any, for transmission of the power, as determined by CERC from time to time or iii) payment iii)payment under Article 6.10 and other charges, if any. and such Supplementary Xxxx shall be paid by the other Party. 6.9.2 Buyer/Buying Entity shall remit all amounts due under a Supplementary Xxxx raised by the Buyer/Buying Entity to the Buyer’s/Buying Entity’s Designated Account by the Due Date. 6.9.3 In the event of delay in payment of a Supplementary Xxxx by either Party within thirty (30) days beyond its Due Date, a Late Payment Surcharge shall be payable at the same terms applicable to the Monthly Xxxx in Article 6.3.3.

Appears in 1 contract

Samples: Power Sale Agreement

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