Payment of Supplementary Xxxx. 10.7.1 SPD may raise a "Supplementary Xxxx" for payment on account of: i) Adjustments required by the Energy Accounts (if applicable); or ii) Change in Law as provided in Article 12, and such Supplementary Xxxx shall be paid by the other Party. 10.7.2 NTPC shall remit all amounts due under a Supplementary Xxxx raised by the SPD to the SPD's Designated Account by the Due Date. For such payments by NTPC, Rebate as applicable to Monthly Bills pursuant to Article 10.3.4 shall equally apply. 10.7.3 In the event of delay in payment of a Supplementary Xxxx by either Party beyond its Due Date, a Late Payment Surcharge shall be payable at the same terms applicable to the Monthly Xxxx in Article 10.3.3.
Appears in 4 contracts
Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement
Payment of Supplementary Xxxx. 10.7.1 SPD may raise a ("Supplementary Xxxx" ") for payment on account of:
i) Adjustments required by the Energy Accounts (if applicable); or
ii) [Not Used] or
iii) Change in Law as provided in Article 12, or and such Supplementary Xxxx shall be paid by the other Party.
10.7.2 NTPC SECI shall remit all amounts due under a Supplementary Xxxx raised by the SPD to the SPD's Designated Account by the Due Date. For such payments by NTPC, Rebate as applicable to Monthly Bills pursuant to Article 10.3.4 shall equally apply.
10.7.3 In the event of delay in payment of a Supplementary Xxxx by either Party beyond its Due Date, a Late Payment Surcharge shall be payable at the same terms applicable to the Monthly Xxxx in Article 10.3.3.
Appears in 1 contract
Samples: Power Purchase Agreement
Payment of Supplementary Xxxx. 10.7.1 SPD may raise a ("Supplementary Xxxx" ") for payment on account of:
i) Adjustments required by the Energy Accounts (if applicable); or
ii) [Not Used] or
iii) Change in Law as provided in Article 12, or and such Supplementary Xxxx shall be paid by the other Party.
10.7.2 NTPC SECI shall remit all amounts due under a Supplementary Xxxx raised by the SPD to the SPD's Designated Account by the Due Date. For such payments If any claim is being raised by NTPC, Rebate as applicable to Monthly Bills the Buying Utilities pursuant to the Article 10.3.4 4.4.1, SECI shall equally applymake adjustment in the payment made to the SPD.
10.7.3 In the event of delay in payment of a Supplementary Xxxx by either Party beyond its Due Date, a Late Payment Surcharge shall be payable at the same terms applicable to the Monthly Xxxx in Article 10.3.3.
Appears in 1 contract
Samples: Power Purchase Agreement
Payment of Supplementary Xxxx. 10.7.1 SPD may raise a ("Supplementary Xxxx" ") for payment on account of:
i) Adjustments required by the Energy Accounts (if applicable); or
ii) [Void]; or
iii) Change in Law as provided in Article 12, or and such Supplementary Xxxx shall be paid by the other Party.
10.7.2 NTPC SECI shall remit all amounts due under a Supplementary Xxxx raised by the SPD to the SPD's Designated Account by the Due Date. For such payments If any claim is being raised by NTPC, Rebate as applicable to Monthly Bills the Buying Utilities pursuant to the Article 10.3.4 4.4.1, SECI shall equally applymake adjustment in the payment made to the SPD.
10.7.3 In the event of delay in payment of a Supplementary Xxxx by either Party beyond its Due Date, a Late Payment Surcharge shall be payable at the same terms applicable to the Monthly Xxxx in Article 10.3.3.
Appears in 1 contract
Samples: Power Purchase Agreement