Common use of Payment Statement and Payment Clause in Contracts

Payment Statement and Payment. No later than thirty (30) days after the end of each calendar month (or the last day of the month if the month in which the payment statement is being sent is February), or the last Business Day of the month if such 30th day (or 28th or 29th day for February) is not a Business Day, Buyer shall mail to Seller: A table showing the hourly electric energy quantities for each of the following, in MWh per hour: Seller’s Energy Forecast; Seller’s Day-Ahead Forecast; Metered Energy; The final Buyer Energy Schedule; and The final Buyer Parent Energy Schedule. A statement showing: XXX Period subtotals and overall monthly totals for each of the items set forth in Section 4.03(a)(i); A calculation of the Monthly Contract Payment, as set forth in Exhibit C; A calculation of any payment adjustments pursuant to Section 4.02; and A calculation of the net dollar amount due for the month. Buyer’s payment to Seller, in accordance with Section 9.15, in the net dollar amount owed to Seller for the month; provided, however, in the event the statement shows a net amount owed to Buyer, Seller shall pay such amount within twenty (20) days of the statement date.

Payment Statement and Payment. No later than thirty (30) 30 days after the end of each calendar month (or the last day of the month if the month in which the payment statement is being sent is February), or the last Business Day of the month if such 30th day (or 28th or 29th day for February) is not a Business Day, Buyer shall mail to Seller: A table showing the hourly electric energy quantities for each of the following, in MWh per hour: Seller’s Energy Forecast; Seller’s Day-Ahead Forecast; Metered Energy; Metered Amounts; The final Buyer Energy Schedule; and The final Buyer Parent Energy Schedule. A statement showing: XXX Period subtotals and overall monthly totals for each of the items set forth in Section 4.03(a)(i); A calculation of the Monthly Contract Payment, as set forth in Exhibit CD; A calculation of any payment adjustments pursuant to Section 4.02; and A calculation of the net dollar amount due for the month. Buyer’s payment to Seller, in accordance with Section 9.159.16, in the net dollar amount owed to Seller for the month (less any overpayments by Buyer of Seller’s GHG Compliance Costs or GHG Charges under Section 4.04 in any calendar month); provided, however, in the event the statement shows a net amount owed to Buyer, Seller shall pay such amount within twenty (20) 20 days of the statement datedate or, if Seller fails to make such payment, Buyer may offset this amount from a subsequent Monthly Contract Payment.