Common use of Quarterly and Annual Reconciliation Clause in Contracts

Quarterly and Annual Reconciliation. 13.8.1 The Parties acknowledge that all payments made against Monthly Bills and Supplementary Bills shall be subject to quarterly reconciliation within 30 days of the end of the quarter at the beginning of the following quarter of each Contract Year and annual reconciliation at the end of each Contract Year within 30 days to take into account the Energy Accounts, Tariff adjustment payments, Tariff rebate, Late Payment Surcharge, or any other reasonable circumstance provided under this Agreement. 13.8.2 The Parties, therefore, agree that as soon as all such data in respect of any quarter of a Contract Year or a full Contract Year as the case may be has been finally verified and adjusted, the Solar Power Developer and APDCL shall jointly sign such reconciliation statement. Within fifteen (15) days of signing of a reconciliation statement, the Solar Power Developer shall make appropriate adjustments in the next Monthly Xxxx. Late Payment Surcharge/ interest shall be payable in such a case from the date on which such payment had been made to the invoicing Party or the date on which any payment was originally due, as may be applicable. Any Dispute with regard to the above reconciliation shall be dealt with in accordance with the provisions of Article 18

Quarterly and Annual Reconciliation. 13.8.1 The Parties 10.6.1 RPD and SECI acknowledge that all payments made against Monthly Bills and Supplementary Bills shall be subject to quarterly reconciliation within 30 days of the end of the quarter at the beginning of the following quarter of each Contract Year and annual reconciliation at the end of each Contract Year within 30 days to take into account the Energy Accounts, Tariff adjustment payments, Tariff rebateRebate, Late Payment Surcharge, or any other reasonable circumstance provided under this Agreement. 13.8.2 The Parties10.6.2 RPD and SECI, therefore, agree that as soon as all such data in respect of any quarter of a Contract Year or a full Contract Year as the case may be has been finally verified and adjusted, the Solar Power Developer RPD and APDCL SECI shall jointly sign such reconciliation statement. Within fifteen (15) days of signing of a reconciliation statement, the Solar Power Developer RPD shall make appropriate adjustments in the next Monthly XxxxBill. Late Payment Surcharge/ interest shall be payable in such a case from the date on which such payment had been made to the invoicing Party or the date on which any payment was originally due, as may be applicable. Any Dispute with regard to the above reconciliation shall be dealt with in accordance with the provisions of Article 1816. ii) Change in Law as provided in Article 12, or iii) Payment under Article 4.10, And such Supplementary Bill shall be paid by the other Party.

Quarterly and Annual Reconciliation. 13.8.1 The Parties acknowledge that all payments made against Monthly Bills and Supplementary Bills shall be subject to quarterly reconciliation within 30 days of the end of the quarter at the beginning of the following quarter of each Contract Year and annual reconciliation at the end of each Contract Year within 30 days to take into account the Energy Accounts, Tariff adjustment payments, Tariff rebate, Late Payment Surcharge, or any other reasonable circumstance provided under this Agreement. 13.8.2 The Parties, therefore, agree that as soon as all such data in respect of any quarter of a Contract Year or a full Contract Year as the case may be has been finally verified and adjusted, the Solar Power Developer and APDCL ESCOM shall jointly sign such reconciliation statement. Within fifteen (15) days of signing of a reconciliation statement, the Solar Power Developer shall make appropriate adjustments in the next Monthly Xxxx. Late Payment Surcharge/ interest shall be payable in such a case from the date on which such payment had been made to the invoicing Party or the date on which any payment was originally due, as may be applicable. Any Dispute with regard to the above reconciliation shall be dealt with in accordance with the provisions of Article 18.

Quarterly and Annual Reconciliation. 13.8.1 The Parties acknowledge that all payments made against Monthly Bills and Supplementary Bills shall be subject to quarterly reconciliation within 30 days of the end of the quarter at the beginning of the following quarter of each Contract Year and annual reconciliation at the end of each Contract Year within 30 days to take into account the Energy Accounts, Tariff adjustment payments, Tariff rebate, Late Payment Surcharge, or any other reasonable circumstance provided under this Agreement. 13.8.2 The Parties, therefore, agree that as soon as all such data in respect of any quarter of a Contract Year or a full Contract Year as the case may be has been finally verified and adjusted, the Solar Power Developer and APDCL shall jointly sign such reconciliation statement. Within fifteen (15) days of signing of a reconciliation statement, the Solar Power Developer shall make appropriate adjustments in the next Monthly XxxxBill. Late Payment Surcharge/ interest shall be payable in such a case from the date on which such payment had been made to the invoicing Party or the date on which any payment was originally due, as may be applicable. Any Dispute with regard to the above reconciliation shall be dealt with in accordance with the provisions of Article 18

Quarterly and Annual Reconciliation. 13.8.1 10.6.1 The Parties acknowledge that all payments made against Monthly Bills and Supplementary Bills shall be subject to quarterly reconciliation within 30 days of the end of the quarter at the beginning of the following quarter of each Contract Year and annual reconciliation at the end of each Contract Year within 30 days to take into account the Energy Accounts, Tariff adjustment payments, Tariff rebateRebate, Late Payment Surcharge, or any other reasonable circumstance provided under this Agreement. 13.8.2 10.6.2 The Parties, therefore, agree that as soon as all such data in respect of any quarter of a Contract Year or a full Contract Year as the case may be has been finally verified and adjusted, the Solar Power Developer HPD and APDCL SECI shall jointly sign such reconciliation statement. Within fifteen (15) days of signing of a reconciliation statement, the Solar Power Developer HPD shall make appropriate adjustments in the next Monthly Xxxx. Late Payment Surcharge/ interest shall be payable in such a case from the date on which such payment had been made to the invoicing Party or the date on which any payment was originally due, as may be applicable. Any Dispute with regard to the above reconciliation shall be dealt with in accordance with the provisions of Article 1816. ii) Change in Law as provided in Article 12, or iii) Payment under Article 4.10, And such Supplementary Xxxx shall be paid by the other Party.

Quarterly and Annual Reconciliation. 13.8.1 The Parties acknowledge that all payments made against Monthly Bills and Supplementary Bills shall be subject to quarterly reconciliation within 30 days of the end of the quarter at the beginning of the following quarter of each Contract Year and annual reconciliation at the end of each Contract Year within 30 days to take into account the Energy Accounts, Tariff adjustment payments, Tariff rebate, Late Payment Surcharge, or any other reasonable circumstance provided under this Agreement. 13.8.2 The Parties, therefore, agree that as soon as all such data in respect of any quarter of a Contract Year or a full Contract Year as the case may be has been finally verified and adjusted, the Solar Power Developer and APDCL BESCOM shall jointly sign such reconciliation statement. Within fifteen (15) days of signing of a reconciliation statement, the Solar Power Developer shall make appropriate adjustments in the next Monthly Xxxx. Late Payment Surcharge/ interest shall be payable in such a case from the date on which such payment had been made to the invoicing Party or the date on which any payment was originally due, as may be applicable. Any Dispute with regard to the above reconciliation shall be dealt with in accordance with the provisions of Article 18.

Quarterly and Annual Reconciliation. 13.8.1 The Parties acknowledge that all payments made against Monthly Bills and Supplementary Bills shall be subject to quarterly reconciliation within 30 days of the end of the quarter at the beginning of the following quarter of each Contract Year and annual reconciliation at the end of each Contract Year within 30 days to take into account the Energy Accounts, Tariff adjustment payments, Tariff rebate, Late Payment Surcharge, or any other reasonable circumstance provided under this Agreement. 13.8.2 The Parties, therefore, agree that as soon as all such data in respect of any quarter of a Contract Year or a full Contract Year as the case may be has been finally verified and adjusted, the Solar Power Developer and APDCL BESCOM shall jointly sign such reconciliation statement. Within fifteen (15) days of signing of a reconciliation statement, the Solar Power Developer shall make appropriate adjustments in the next Monthly XxxxBill. Late Payment Surcharge/ interest shall be payable in such a case from the date on which such payment had been made to the invoicing Party or the date on which any payment was originally due, as may be applicable. Any Dispute with regard to the above reconciliation shall be dealt with in accordance with the provisions of Article 18.

Quarterly and Annual Reconciliation. 13.8.1 The Parties acknowledge that all payments made against Monthly Bills and Supplementary Bills shall be subject to quarterly reconciliation within 30 days of the end of the quarter at the beginning of the following quarter of each Contract Year and annual reconciliation at the end of each Contract Year within 30 days to take into account the Energy Accounts, Tariff adjustment payments, Tariff rebate, Late Payment Surcharge, or any other reasonable circumstance provided under this Agreement. 13.8.2 The Parties, therefore, agree that as soon as all such data in respect of any quarter of a Contract Year or a full Contract Year as the case may be has been finally verified and adjusted, the Solar Power Developer and APDCL ESCOM shall jointly sign such reconciliation statement. Within fifteen (15) days of signing of a reconciliation statement, the Solar Power Developer shall make appropriate adjustments in the next Monthly XxxxBill. Late Payment Surcharge/ interest shall be payable in such a case from the date on which such payment had been made to the invoicing Party or the date on which any payment was originally due, as may be applicable. Any Dispute with regard to the above reconciliation shall be dealt with in accordance with the provisions of Article 18.

Quarterly and Annual Reconciliation. 13.8.1 10.6.1 The Parties acknowledge that all payments made against Monthly Bills and Supplementary Bills shall be subject to quarterly reconciliation within 30 days of the end of the quarter at the beginning of the following quarter of each Contract Year and annual reconciliation at the end of each Contract Year within 30 days to take into account the Energy Accounts, Tariff adjustment payments, Tariff rebateRebate, Late Payment Surcharge, or any other reasonable circumstance provided under this Agreement. 13.8.2 10.6.2 The Parties, therefore, agree that as soon as all such data in respect of any quarter of a Contract Year or a full Contract Year as the case may be has been finally verified and adjusted, the Solar Power Developer HPD and APDCL SECI shall jointly sign such reconciliation statement. Within fifteen (15) days of signing of a reconciliation statement, the Solar Power Developer HPD shall make appropriate adjustments in the next Monthly Xxxx. Late Payment Surcharge/ interest shall be payable in such a case from the date on which such payment had been made to the invoicing Party or the date on which any payment was originally due, as may be applicable. Any Dispute with regard to the above reconciliation shall be dealt with in accordance with the provisions of Article 1816. 10.7 Payment of Supplementary Xxxx ii) Change in Law as provided in Article 12, or iii) Payment under Article 4.10, And such Supplementary Xxxx shall be paid by the other Party.

Quarterly and Annual Reconciliation. 13.8.1 The Parties 10.6.1 RPD and SECI acknowledge that all payments made against Monthly Bills and Supplementary Bills shall be subject to quarterly reconciliation within 30 days of the end of the quarter at the beginning of the following quarter of each Contract Year and annual reconciliation at the end of each Contract Year within 30 days to take into account the Energy Accounts, Tariff adjustment payments, Tariff rebateRebate, Late Payment Surcharge, or any other reasonable circumstance provided under this Agreement. 13.8.2 The Parties10.6.2 RPD and SECI, therefore, agree that as soon as all such data in respect of any quarter of a Contract Year or a full Contract Year as the case may be has been finally verified and adjusted, the Solar Power Developer RPD and APDCL SECI shall jointly sign such reconciliation statement. Within fifteen (15) days of signing of a reconciliation statement, the Solar Power Developer RPD shall make appropriate adjustments in the next Monthly XxxxBill. Late Payment Surcharge/ interest shall be payable in such a case from the date on which such payment had been made to the invoicing Party or the date on which any payment was originally due, as may be applicable. Any Dispute with regard to the above reconciliation shall be dealt with in accordance with the provisions of Article 1816.

Quarterly and Annual Reconciliation. 13.8.1 The Parties 10.6.1 RPD and SECI acknowledge that all payments made against Monthly Bills and Supplementary Bills shall be subject to quarterly reconciliation within 30 days of the end of the quarter at the beginning of the following quarter of each Contract Year and annual reconciliation at the end of each Contract Year within 30 within30 days to take into account the Energy Accounts, Tariff adjustment payments, Tariff rebateRebate, Late Payment Surcharge, or any other reasonable circumstance provided under this Agreement. 13.8.2 The Parties10.6.2 RPD and SECI, therefore, agree that as soon as all such data in respect of any quarter of a Contract Year or a full Contract Year as the case may be has been finally verified and adjusted, the Solar Power Developer RPD and APDCL SECI shall jointly sign such reconciliation statement. Within fifteen (15) days of signing of a reconciliation statement, the Solar Power Developer RPD shall make appropriate adjustments in the next Monthly Xxxx. Late Payment Surcharge/ interest shall be payable in such a case from the date on which such payment had been made to the invoicing Party or the date on which any payment was originally due, as may be applicable. Any Dispute with regard to the above reconciliation shall be dealt with in accordance with the provisions of Article 1816.