Purpose of Invoicing. Any invoice that is issued pursuant to this Agreement shall be for: (a) the establishment of any new Interconnection Point; (b) the modification of an existing Interconnection Point; or (c) service under Service Schedule A, Reserve. As per Article 6.2 (b) of this Agreement, the Operating Committee shall establish the terms and conditions applicable to invoicing.
Purpose of Invoicing. Any invoice that is issued pursuant to this Agreement shall be for: (i) the establishment of any new Interconnection Point; (ii) the modification of an existing Interconnection Point; or (iii) other purposes as may be set forth in this Agreement. Timeliness of Payment Unless otherwise agreed upon, any invoices issued pursuant to this Agreement shall be rendered as soon as practicable in the month immediately following the calendar month in which expenses were incurred and shall be due and payable, unless otherwise agreed upon, within thirty (30) calendar days of receipt of such invoice. Payment shall be made by electronic transfer or such other means as shall cause such payment to be available for the use of the payee. Interest on unpaid amounts shall accrue daily at the then current prime interest rate (the base corporate loan interest rate) published in the Wall Street Journal, or, if no longer so published, in any mutually agreeable publication, plus two percent (2%) per annum, but will in no event exceed the maximum interest rate allowed pursuant to the law of the state where the Interconnection Point(s) associated with such invoice is or is expected to be located, and shall be payable from the due date of such unpaid amount to the date paid. Disputed Invoices In the event that a Party disputes an invoice, the disputing Party shall pay the invoice in full in accordance with Section 6.2 of this Agreement subject to the refund of any amounts found to have been incorrectly invoiced plus interest on such amount from the date of payment to the date of the refund at the rate stated in Section 6.2. In the event of a billing dispute, the disputing Party shall provide notice of the dispute to the billing Party as set out in Section 12.4. In response to the notice, the billing Party will promptly provide all documentation that is reasonably required in support of its xxxx and xxxxxx with the disputing Party. If these good faith efforts fail to resolve the issue, the matter may, by mutual agreement of the Parties, be settled through the mediation procedures of Article 8.
