Payment of the Airport Charges Sample Clauses

Payment of the Airport Charges. All amounts payable under this Agreement shall be made, unless otherwise agreed upon in writing, within 30 days from the date of receipt by the Operator (“Due Date”) of the relevant invoice to Tibah’s bank account stated below or to any other bank account that Tibah may notify in writing in the future. Beneficiary Institution: Arab National Bank Riyadh KSA Beneficiary’s Title: Tibah Airports Development Company CJSC IBAN No.: XX0000000000000000000000 Bank account No: 01-08-09509175-006-5 SWIFT code: XXXXXXXX Operator agrees that any invoiced amounts not disputed within 15 days of the invoice date shall be deemed acceptable, notwithstanding that TIBAH may at its own discretion issue a credit note and correct any errors that Operator fails to dispute within the prescribed time period. In case of any disputes submitted by the operator for any amount, the undisputed amount should be cleared within 30 days from the receipt date of the invoice, despite the objection. The dispute should be officially submitted by the operator along with supporting documentation. In case the objected amount is not accepted by TIBAH due to insufficient documentation substantiating the dispute, the amount must be paid within 15 days from the refusal date of TIBAH.