Common use of Resolution of ASC Disputes Clause in Contracts

Resolution of ASC Disputes. 6.9.1 The following provisions apply specifically to the resolution of ASC disputes. 6.9.1.1 When ASC disputes are resolved in favor of the Disputing Party, the following will occur within thirty (30) days: 6.9.1.2 Interest will be paid by the invoicing Party on any amounts paid in excess of the amount found to be due according to the ASC Dispute Resolution from the date of Notice of Disputed Amounts. 6.9.1.3 Payments made in excess of the amount found to be due according to the ASC Dispute Resolution will be reimbursed by the invoicing Party. 6.9.2 When ASC disputes are resolved in favor of the invoicing Party, the following will occur within thirty (30) days: 6.9.2.1 Late payment charges calculated from the Payment Due Date through date of remittance will be paid by the Disputing Party on any amount not paid that was found to be due according to the ASC Dispute Resolution. 6.9.2.2 Any amounts not paid but found to be due according to the ASC Dispute Resolution will be paid to the invoicing Party. 6.9.2.3 Failure by a Party to pay any charges determined to be owed within the applicable time period specified above shall be considered a failure to perform a material obligation or a breach of a material term of this Agreement.

Resolution of ASC Disputes. 6.9.1 The following provisions apply specifically to the resolution of ASC disputes. 6.9.1.1 When ASC disputes are resolved in favor of the Disputing Party, the following will occur within thirty (30) daysDays: 6.9.1.2 Interest will be paid by the invoicing Party on any amounts paid in excess of the amount found to be due according to the ASC Dispute Resolution from the date of Notice of Disputed Amounts. 6.9.1.3 Payments made in excess of the amount found to be due according to the ASC Dispute Resolution will be reimbursed by the invoicing Party. 6.9.2 When ASC disputes are resolved in favor of the invoicing Party, the following will occur within thirty (30) daysDays: 6.9.2.1 Late payment charges calculated from the Payment Due Date through date of remittance will be paid by the Disputing Party on any amount not paid that was found to be due according to the ASC Dispute Resolution. 6.9.2.2 Any amounts not paid but found to be due according to the ASC Dispute Resolution will be paid to the invoicing Party. 6.9.2.3 Failure by a Party to pay any charges determined to be owed within the applicable time period specified above shall be considered a failure to perform a material obligation or a breach of a material term of this Agreement.