Common use of Payment Procedures and Collections Clause in Contracts

Payment Procedures and Collections. The Energy Efficiency Service Fee will be billed to the Participant following these payment procedures: i. All Participants shall receive uniform consideration and courtesy in all credit and collection matters. ii. All charges are due and payable by the due date shown on the bill and become delinquent thereafter. Late payments are subject to the charges described below. Participants who question or dispute their bills are encouraged to contact Seattle City Light. An investigation will take place regarding any charges that the Participant believes are in error. Any bill adjustments made as result of an investigation will be retroactively trued-up on subsequent Participant bills. iii. For Participants who owe on any Program bills more than fifteen (15) calendar days past due a 1% interest fee will be charged to the Participant’s account per month until paid in full, interest will compound per billing cycle. A $10 additional fee per month may be added to Participant’s accounts to cover cost of past due administration and collection efforts. iv. If Participant is unable to pay in full on next billing cycle the City Light Credit and Collections Unit, may charge additional late fees or interest, may refer accounts to the Law Department or to a collection agency, or use other available legal procedures.

Payment Procedures and Collections. The Energy Efficiency Service Fee will be billed to the Participant following these payment procedures: i. All Participants shall receive uniform consideration and courtesy in all credit and collection matters. ii. All charges are due and payable by the due date shown on the City Light bill and become delinquent thereafter. Late payments are subject to the charges described below. Participants who question or dispute their bills are encouraged to contact Seattle City Light. An investigation will take place regarding any charges that the Participant believes are in error. Any bill adjustments made as result of an investigation will be retroactively trued-up on subsequent Participant bills. iii. For Participants who owe on any Program bills more than fifteen (15) calendar days past due a 1% interest fee will be charged to the Participant’s account per month until paid in full, interest . Interest will compound per billing cycle. A $10 additional fee per month may be added to Participant’s accounts to cover cost of past due administration and collection efforts. iv. If Participant is unable to pay in full on next billing cycle the City Light Credit and Collections Unit, may charge additional late fees or interest, may refer accounts to the Law Department or to a collection agency, or use other available legal procedures.