Price Billing and Payment Sample Clauses
Price Billing and Payment. 8.1 The price for each MMBtu of gas sold and delivered hereunder shall be as follows:
a. The price for each MMBtu of the Minimum Daily Quantity sold and delivered hereunder during any month shall be the Index Price minus *.
b. The price for each MMBtu of Excess Gas sold and delivered hereunder during each day shall be the * Index Price applicable to such day.
8.2 On or before the sixteenth (16th) day of each calendar month, Seller will render to Buyer a statement setting forth the total quantity of gas, in terms of Mcf and MMBtu, delivered hereunder at the Point(s) of Delivery during the immediately preceding calendar month and the amount payable therefor. Buyer agrees to pay Seller by wire transfer in immediately available funds pursuant to written wire transfer instructions provided by Seller to Buyer from time to time the full undisputed amount payable according to such statement, consistent with the terms hereof, on or before the later of the twenty-sixth (26th) day of each month or ten (10) days following the receipt thereof by Buyer. Should Buyer fail to pay any undisputed amount when 8.3 the same becomes due, interest shall accrue thereon at a rate equal to the prime rate from time to time in effect and charged by the Citibank, N. A., New York, New York (but in no event greater than the maximum rate of interest permitted by law), with adjustments in such rate to be made on the same day as any change in such prime rate, for any period during which the same shall be overdue, such interest to be paid when the amount past due is paid. In the event of any dispute, Buyer and Seller shall meet and promptly resolve such dispute.
8.4 Each party hereto or its representative shall have the right at all reasonable times to examine the books and records of the other party to the extent necessary to verify the accuracy of any statement, charge, computation or demand made under or pursuant to this contract.
8.5 Any notice, request, demand, statement, payment or other correspondence shall be mailed to the post office address of each of the parties hereto, hereinafter stated, or to such other address as such party may hereafter designate to the other in writing:
Price Billing and Payment. 4 Section 4.1 Price........................................................... 4 Section 4.2 Billing......................................................... 4 Section 4.3 Payment.......................................................
Price Billing and Payment. 12.1. Subject to the terms, conditions and exceptions set forth in this Agreement, from the Initial Delivery Date, Seller agrees to supply and Buyer agrees to purchase the entire output of the Facility measured at the Point of Delivery at the applicable price(s) of US$ cents ….. /Kwh, payable in Dalasi according to average commercial rate of exchange of five major bank in The Gambia at the date of payment of the invoice
12.2. Seller shall read its meters on at the start of the first day of the calendar month of each Billing Period at 00:00 hours (midnight). buyer shall be present at meter readings. The amount of electric power delivered to Buyer during the preceding Billing Period shall be determined from such readings.
12.3. Invoices shall be issued by Seller on or before the tenth (10th) day following a Billing Period and shall incorporate such information as may reasonably be necessary or desirable to determine the payments for electric power delivered during the Billing Period.
12.4. If Buyer disputes a portion of any invoice, Buyer shall render payment for the undisputed portion of such invoice.
12.5. All invoices shall be due and payable not later than thirty (30) days after receipt of the invoice. In case of any delay after three (3) months 1.5% interest rate will apply
12.6. Invoicing shall be in foreign currency and payment shall be in Dalasi according to the Central Bank Rate of The Gambia at the date of payment of the invoice
12.7. The Seller shall not be liable to the Buyer for any direct damages resulting from the Seller's inadvertent or accidental and non-negligent failure in delivering expected energy production. Without the Buyer’s prior written approval, the said limitation of the Seller's liability shall not apply where the Seller deliberately reduces Energy Output for the purpose of selling or attempting to sell electrical energy to any third party, or for the purpose of producing any other form of energy capable of being produced at the Facility.
Price Billing and Payment. 6.1 The billing period shall be a month.
6.2 A statement showing the daily volumes of gas transported by the Company hereunder shall be delivered monthly to the Customer. The Customer acknowledges that as the Shipper on TCPL it may be in possession of information with respect to volumes delivered to the Company hereunder which may be required by the Company in the preparation of such statement. The Customer agrees to co-operate with the Company to the extent necessary for the Company to obtain any information not in its possession and required for the preparation of such monthly statement.
6.3 If an error is discovered by the Company or the Customer in a monthly bill or statement, an adjustment to correct the same shall be made in the next subsequent monthly bill or statement. Claims for errors shall be made promptly upon discovery, but in no event more than one year from the date of such monthly bill or statement.
6.4 All charts and calculations upon which the monthly bill is based, and the Company's books and records insofar as they pertain to measurement and settlement for accounts hereunder, shall be retained by the Company:
(a) for a period of one year from the date of such monthly bill, or (b) for the period while any claim which relates to such monthly bill and of which the Company receives written notice from the Customer within the aforesaid one year period, is outstanding, whichever is the longer, and shall be available for inspection by the Customer at all reasonable business hours of the Company.
6.5 Notwithstanding anything in this Article VI, the Company shall have the right to withhold (either by withholding payment or by withholding a credit to which the Customer might otherwise be entitled) an amount owing to the Customer by the Company equal to the amount of money then due, owing and unpaid by the Customer to the Company (the "Withheld Amount") but the aggregate of all amounts entitled to be so withheld at any time shall be limited to the aggregate of all amounts then due, owing and unpaid by the Customer to the Company. Upon the Company ceasing to be entitled to hold any particular portion of a Withheld Amount the Company shall forthwith pay to the Customer an amount equal to such portion of the Withheld Amount.
6.6 The load factor that shall be applicable in the determination of any minimum volume used for the purposes of calculating any applicable minimum obligation payable by the Customer in respect of service in a Contract Year to th...
Price Billing and Payment. Miovision US reserves the right to change the pricing for any Product and/or Service at any time by providing written notice to Customer at least sixty (60) days prior to the change, unless otherwise stated in the Contract Documents.
A. If applicable, the fees for Software Maintenance will be calculated annually at fifteen-percent (15%) of the then current list price of the Software license(s).
B. Unless otherwise indicated by Miovision US, prices are exclusive of and Customer agrees to pay all foreign, federal, state, local excise, sales, use, personal property or any other taxes or duties, except taxes based on Miovision US’ income. If Miovision US does not collect such amounts from Customer and is later requested or required to pay the same to any taxing authority, Customer will promptly pay Miovision US or such taxing authority if requested by Miovision US. Customer must provide any certificates or other evidence of applicable exemptions to any taxes or duties to Miovision US prior to invoicing or Miovision US will charge such taxes or duties to Customer.
C. Miovision US does not represent its prices are equal to or lower than prices charged to other customers, or its prices are comparable to prices offered by any third party. For Customers in the United States and Canada, payment is due within (thirty) 30 days of the date of Miovision US’ invoice, unless otherwise agreed to in writing by Miovision US; provided however, Miovision US may require payment in advance if in Miovision US’ reasonable opinion, Customer’s financial condition calls for pre-payment. Payment is required in advance for all other Customers. Miovision US may assess a monthly service charge of one and one-half percent (1.5%) on overdue accounts, or the maximum amount permitted by applicable laws. Customer will pay any collection costs incurred by Miovision US to collect payment from Customer, including reasonable attorneys’ fees.
D. If Customer fails to make timely payments, has a receiving order in bankruptcy made against it, makes any arrangement with its creditors, or has a receiver appointed, Miovision US may, without prejudice to its other rights, demand immediate payment of all unpaid accounts, suspend further deliveries and/or cancel all Orders without liability.
Price Billing and Payment. 9 ARTICLE XI INDEMNITY..........................................................11 ARTICLE
Price Billing and Payment. Should Customer have any questions or concerns regarding their ▇▇▇▇ Customer may call our Customer Care Center any time 1‐877‐235‐7079. PGLC will send you a single ▇▇▇▇ covering both PGLC’s distribution and service charges as well as Nordic Energy’s commodity charges. Customer’s billing shall include storage activity throughout the year. Nordic Energy will issue a monthly true up invoice should customer’s actual usage vary on a monthly basis from historical usage information provided by PGLC. Customer is responsible for any and all taxes, fees, licenses, penalties or charges (Taxes) imposed on or with respect to the gas at or after the title transfer point(s), including any Taxes enacted after the Effective Date of this Agreement. In the event that Customer is exempt from the payment of any Taxes, Customer shall provide evidence of such exemption to Nordic Energy. In the event Customer fails to timely pay its ▇▇▇▇ and receives an arrears notice and does not pay the arrearage balance prior to Customer’s next cycle billing date, then effective as of that next billing date, the Customer will be removed from the “PGLC “Choices For You” program and returned to bundled utility service. Customer’s payment will be due on the date stated on Nordic Energy’s ▇▇▇▇. A late payment charge of one and a half percent per month or the maximum lawful rate, whichever is lower, shall be imposed on any past due balance. In the event that Customer requests a billing adjustment, Customer is obligated to pay all other amounts as invoiced. Upon reconciliation of a proposed billing adjustment Customer shall pay any additional amounts due to Nordic Energy. A $5.00 per month per meter administration fee will apply to all meters enrolled in the “PGLC “Choices For You” program. Additionally, Nordic may ▇▇▇▇ estimates in advance of meter reads should Customers meter be cycle read.
Price Billing and Payment