Common use of Reconciliation of Tank Cleaning and Seasonal Barge payments Clause in Contracts

Reconciliation of Tank Cleaning and Seasonal Barge payments. 2.4.1 To obtain a true-up of the invoiced Seasonal Barge payments for Years 1, 2, and/or 3, Ravenswood shall provide to the NYISO all barge invoices for Year 1 by June 15, 2021, for Year 2 by June 15, 2022, and for Year 3 by June 15, 2023. Should the invoiced Seasonal Barge costs paid by Ravenswood in Years 1, 2 and/or 3, respectively, exceed the Seasonal Barge payment made in Years 1, 2, and/or 3, respectively, by more than $25,000, the NYISO shall reimburse Ravenswood for the total excess of the invoiced cost over the Seasonal Barge payment made. Should the Seasonal Barge payment made in Years 1, 2 and/or 3, respectively, exceed the invoiced Seasonal Barge cost paid by Ravenswood in Years 1, 2, and/or 3, respectively, by more than $25,000, Ravenswood shall reimburse the NYISO for the total excess of the Seasonal Barge payments made over the Seasonal Barge cost paid by Ravenswood. To obtain a true-up of the invoiced tank cleaning costs during the three year term of this Implementation Agreement, Ravenswood shall provide to the NYISO all tank cleaning invoices by June 15, 2023. Should the invoiced amounts paid by Ravenswood for tank cleaning exceed the estimated cost included in the Demand Charge, by more than $25,000, the NYISO shall reimburse Ravenswood for the total excess of the invoiced amounts. Should the amounts paid to Ravenswood for tank cleaning exceed the estimated cost included in the Demand Charge, by more than $25,000, Ravenswood shall reimburse the NYISO for the total excess.