Common use of Seller Invoices Clause in Contracts

Seller Invoices. Payment shall be made in accordance with the Payment Schedule; provided, however, that for purposes of the Payment Schedule only, the requirements of Section 8.2(c) shall be deemed fulfilled on the date that is fifteen (15) days after the date the last Unit in a Project has fulfilled the requirements of Sections 8.2(a) and (b) if the Unit has not been able to safely generate electric power solely as a result of (a) lack of suitable wind, excessive wind speeds that prevent turbine operation, or sustained on site hub height wind speeds in excess of 33 miles per hour that prevent hub entry, or (b) the failure of the Buyer, the Owner or any third party to provide interconnection or transmission capability. On or before the fifth (5th) day of each month, the Seller shall provide the Buyer with an invoice for all Progress Payments (as so designated on Attachment 3) that are due from the Buyer under this Contract. For the remaining payments reflected on Attachment 3, the Seller shall provide the Buyer with an invoice at any time after completion of such milestone; provided, however, that, if the Seller completes the milestone in advance of the date indicated on Attachment 4 the Buyer shall not be required to make such payment for such milestone more than thirty (30) days prior to the date identified on Attachment 4. The Buyer shall pay the amount of each invoice that is undisputed within thirty (30) days after receipt by wire transfer of immediately available funds. If the thirtieth (30th) day is not a Business Day, the payment shall be due on the next Business Day. Wire transfer instructions shall be provided on each invoice. Late payments shall be subject to an interest charge equal to the Default Rate at that time from the date due until paid in full.