Terms of Payment and Billing a) In compliance with the Business Terms, the Balance Responsible Party is obligated, within 10 days after this Agreement has come into force, to establish with its account maintained by a bank or its branch in the territory of the Czech Republic cash collection rights for the Market Operator and its accounts No.19-5582760247/0100 and 27-5868540207/0100 and to provide the Market Operator with proof of having established these rights.
b) The Balance Responsible Party is obligated to hold in effect its bank account and cash collection rights established with its account for the Market Operator during the period of validity of the Agreement and untill all financial liabilities arising from this Agreement are paid in compliance with the Business Terms.
c) The Market Operator holds the rights to collect cash from the Balance Responsible Party’s account with the aim to secure due payments from the Balance Responsible Party pursuant to Articles 4 and 5 of this Agreement.
d) In compliance with the Business Terms, daily settlement of imbalances for separate days of the month represents payments subject to billing.
e) Settlement of payments for imbalances caused by the Balance Responsible Party is billed once a month by issuing a tax document under the terms defined in Article 9 of this Agreement.
f) Payment by the Market Operator or the Balance Responsible Party arising from the relevant tax document is not overdue if the billed amount is credited to the respective Party’s account on the last day of the due date.
g) In the event the Market Operator or the Balance Responsible Party is unable to make the payment by the due date or at the required amount, it is obligated to notify the other Party forthwith. Should such event occur, the right to charge late payment interest remains in effect pursuant to Article 11 of this Agreement.
h) The statute of limitations for claims is 4 years.
Terms of Payment and Billing a) In compliance with the Business Terms, the Subject of Settlement is obligated, within 10 days after this Agreement has come into force, to establish with its account maintained by a bank or its branch in the territory of the Czech Republic cash collection rights for the Market Operator and its accounts listed under Article 1 of this Agreement, and to provide the Market Operator with proof of having established these rights. The Market Operator holds the rights to collect cash from the Subject of Settlement’s account with the aim to secure due payments from the Subject of Settlement pursuant to Article 5 of this Agreement and to letter b) of Article 7 of this Agreement.
b) Pursuant to the Business Terms, activities resulting in payments subject to billing include:
i.) Settlement of the difference between preliminary imbalance and non- nominated preliminary imbalance,
ii.) Settlement of the difference between metered imbalance and non- nominated metered imbalance,
iii.) Daily settlement of DM and IM.
c) Payments between the Market Operator and the Subject of Settlement are executed as non-cash transfers.
d) Settlement of payments for imbalances (balancing gas in imbalances) caused by the Subject of Settlement, which the Subject of Settlement has not nominated in compliance with the Market Rules, and gas purchased and sold by the Subject of Settlement through DM and IM, are billed once a month together with off-tolerance imbalances by issuing a tax document under the terms defined in Article 8 of this Agreement.
e) Payment by the Market Operator or the Subject of Settlement arising from the relevant tax document is not overdue if the billed amount is credited to the respective Party’s account on the last day of the due date.
f) In the event the Market Operator or the Subject of Settlement is unable to make the payment by the due date or at the required amount, it is obligated to notify the other Party forthwith. Should such event occur, the right to charge late payment interest remains in effect pursuant to Article 10 of this Agreement.
Terms of Payment and Billing a) In compliance with the Business Terms, the Balance Responsible Party is obligated, within 10 days after this Agreement has come into force, to establish with its account maintained by a bank or its branch in the territory of the Czech Republic cash collection rights for the Market Operator and to the relevant accounts listed under Article 1 of this Agreement, and to provide the Market Operator with proof of having established these rights.
b) The Balance Responsible Party is obligated to hold in effect its bank account and cash collection rights established with its account for the Market Operator during the period of validity of the Agreement and untill all financial liabilities arising from this Agreement are paid in compliance with the Business Terms.
c) The Market Operator holds the rights to collect cash from the Balance Responsible Party’s account with the aim to secure due payments from the Balance Responsible Party pursuant to Article 5 and Article 7 of this Agreement.
d) Payments between the Market Operator and the Balance Responsible Party are executed as non-cash transfers.
e) Settlement of differences between values of daily imbalances and monthly imbalances, and differences between values of monthly imbalances and correcting monthly imbalances caused by the Balance Responsible Party, settlement of gas purchased and sold by the Balance Responsible Party through the short-term market, settlement of a daily balancing volume of gas and settlement of trades on the market with unused flexibility are billed by issuing a tax document once a month under the terms defined in Article 8 of this Agreement.
f) Payment by the Market Operator or the Balance Responsible Party arising from the relevant tax document is not overdue if the billed amount is credited to the respective Party’s account on the last day of the due date.
g) In the event the Market Operator or the Balance Responsible Party is unable to make the payment by the due date or at the required amount, it is obligated to notify the other Party forthwith. Should such event occur, the right to charge late payment interest remains in effect pursuant to Article 10 of this Agreement.
h) The statute of limitations for claims is 4 years.
Terms of Payment and Billing a) In compliance with the Business Terms, the Subject of Settlement is obligated, within 10 days after this Agreement has come into force, to establish with its account maintained by a bank or its branch in the territory of the Czech Republic cash collection rights for the Market Operator and its accounts No. 19-5582760247/0100 and 27-5868540207/0100 and to provide the Market Operator with proof of having established these rights. The Market Operator holds the rights to collect cash from the Subject of Settlement’s account with the aim to secure due payments from the Subject of Settlement pursuant to Articles 4 and 5 of this Agreement.
b) In compliance with the Business Terms, daily settlement of imbalances for separate days of the month represents payments subject to billing.
c) Settlement of payments for imbalances caused by the Subject of Settlement is billed once a month by issuing a tax document under the terms defined in Article 9 of this Agreement.
d) Payment by the Market Operator or the Subject of Settlement arising from the relevant tax document is not overdue if the billed amount is credited to the respective Party’s account on the last day of the due date.
e) In the event the Market Operator or the Subject of Settlement is unable to make the payment by the due date or at the required amount, it is obligated to notify the other Party forthwith. Should such event occur, the right to charge late payment interest remains in effect pursuant to Article 11 of this Agreement.
Terms of Payment and Billing. 4.1 Customer shall be invoiced by CTRA on a monthly basis and each invoice is due and payable thirty (30) days from the date of the invoice.
4.2 Invoices not paid when due shall accrue interest at a monthly rate of *% compounded monthly (*% per annum) and computed on a daily basis from the date the invoice was due until payment is received by CTRA.
4.3 In order to be considered, any billing discrepancies shall be submitted to CTRA with reasonable details, in writing, within thirty (30) days of the date of the invoice. Failing such submission within the stated delay, CTRA shall be entitled to disregard any such discrepancy.
4.4 If Customer's payment by cheque is returned for insufficiency of funds or cannot otherwise be processed for payment, Customer shall be liable for and subject to a fifteen dollar ($15.00) charge, applicable each time a cheque is returned or not processed.
4.5 The rates and charges mentioned in clauses 4.2 and 4.4 above are subject to change from time to time upon notice by CTRA to Customer, without giving effect to the opting out provisions of clause 14. -------- -------- Initials Initials
4.6 Termination, interruption or suspension of Service to Customer shall not affect Customer's obligation to pay any amount owing to CTRA hereunder or otherwise.
4.7 Customer guarantees that their monthly billing will not be less than *, ( the "Minimum Monthly Commitment") on or before March 31st, 2001 and will not be less than this amount for the remainder of the term or any renewal term. Should the Customer not enter into an agreement with the Xxxxxx Bay Company to provide long Distance services to its credit card holders, then the Minimum Monthly Commitment will be reduced to *.
4.8 If by March 31st, 2001 the Customer does not reach the billing level specified in clause 4.7, the Customer shall pay forthwith to CTRA an increase of * per minute, over and above the rates described in Schedule B, for each billed minute and for each month where the commitment of clause 4.7 is not met during the rest of the present term or the renewal item.
Terms of Payment and Billing a) In compliance with the Business Terms, the Trader is obligated, within 10 days after this Agreement has come into force, to establish with its account maintained by a bank or its branch in the territory of the Czech Republic cash collection rights for the Market Operator and its accounts No. 19-5582760247/0100 and 27-5868540207/0100, possibly to the settlement accounts for the day-ahead spot electricity market in EUR listed under Article 1 of this Agreement, and to provide the Market Operator with proof of having established these rights.
b) The Trader is obligated to hold in effect its bank account and cash collection rights established with its account for the Market Operator during the period of validity of the Agreement and untill all financial liabilities arising from this Agreement are paid in compliance with the Business Terms.
c) The Market Operator holds the rights to collect cash from the Trader’s account with the aim to secure due payments from the Trader pursuant to Article 4 of this Agreement.
d) In compliance with the Business Terms, daily settlement of the short-term electricity market represents payments subject to billing.
e) Payments between the Market Operator and the Trader are executed through non-cash transfers.
f) Settlement of payments for electricity purchased and sold by the Trader on the short-term electricity market organized by the Market Operator is billed once a month by issuing a tax document under the terms defined in Article 8 of this Agreement.
g) Payment by the Market Operator or the Trader arising from the relevant tax document is not overdue if the billed amount is credited to the respective Party’s account on the last day of the due date.
h) In the event the Market Operator or the Trader is unable to make the payment by the due date or at the required amount, it is obligated to notify the other Party forthwith. Should such event occur, the right to charge late payment interest remains in effect pursuant to Article 10 of this Agreement.
i) The statute of limitations for claims is 4 years.
Terms of Payment and Billing. Where credit is extended to Buyer, terms of payment shall be net thirty (30) days from date of invoice. Notwithstanding any statement of terms or time of payment to the contrary appearing on the face of the purchase order, Seller reserves the right to require payment in advance of shipment or to ship C.O.
D. In the event Buyer fails to pay any invoice when due, in addition to any other right reserved hereunder, Seller reserves the right to suspend or limit performance until all past due sums are paid. It is agreed that risk of loss and title to any Goods described herein, excluding any Software or third party licensed products, shall pass to Buyer at the time and place at which Seller ships the Goods.
Terms of Payment and Billing a) The BEM Participant is obligated, within 10 days after this Agreement has come into force, to establish with its account maintained by a bank or its branch in the Czech Republic cash collection rights for the Market Operator and its account No. 27-5868540207/0100 and to provide the Market Operator with proof of having established these rights.
b) The BEM Participant is obligated to hold in effect its bank account and cash collection rights established with its account for the Market Operator during the period of validity of the Agreement and untill all financial liabilities arising from this Agreement are paid in compliance with the Business Terms.
c) The Market Operator holds the rights to collect cash from the BEM Participant’s account with the aim to secure from the BEM Participant due payments as reported to the Market Operator by the transmission system operator under the Market Rules.
d) In compliance with the Business Terms, daily settlement of the balancing market with regulating energy represents payments subject to billing.
e) Payments for regulating energy are executed between the Market Operator and the BEM Participant under this Agreement through non-cash transfers to the receiving Party’s bank account. Payments due from the BEM Participant are executed through cash collection from its account and credited to the Market Operator’s account No. 27-5868540207/0100.
f) Settlement of payments for regulating energy supplied by the BEM Participant on the basis of BEM results is billed by the Market Operator once a month by issuing a tax document under the terms defined in Article 8 of this Agreement.
g) Payment of the tax document by the Market Operator or the BEM Participant is not overdue if the billed amount is credited to the other Party’s account on the last day of the due date.
h) In the event the Market Operator or the BEM Participant is unable to make the payment by the due date or at the required amount, it is obligated to notify the other Party forthwith. Should such event occur, the right to charge late payment interest stays in effect under Article 10 of this Agreement.
i) The statute of limitations for claims is 4 years.
Terms of Payment and Billing a) In compliance with the Business Terms, the Trader is obligated, within 10 days after this Agreement has come into force, to establish with its account maintained by a bank or its branch in the territory of the Czech Republic cash collection rights for the Market Operator and its accounts No. 19-5582760247/0100 and 27-5868540207/0100 and to provide the Market Operator with proof of having established these rights. The Market Operator holds the rights to collect cash from the Trader’s account with the aim to secure due payments from the Trader pursuant to Article 4 of this Agreement.
b) In compliance with the Business Terms, daily settlement of the short-term electricity market represents payments subject to billing.
c) Payments between the Market Operator and the Trader are executed through non-cash transfers.
d) Settlement of payments for electricity purchased and sold by the Trader on the short-term electricity market organized by the Market Operator is billed once a month by issuing a tax document under the terms defined in Article 8 of this Agreement.
e) Payment by the Market Operator or the Trader arising from the relevant tax document is not overdue if the billed amount is credited to the respective Party’s account on the last day of the due date.
f) In the event the Market Operator or the Trader is unable to make the payment by the due date or at the required amount, it is obligated to notify the other Party forthwith. Should such event occur, the right to charge late payment interest remains in effect pursuant to Article 10 of this Agreement.
Terms of Payment and Billing. A. Contractor shall send and receive all correspondence and submittals under this Contract in electronically usable format as follows:
i. Contractor shall submit all invoices, equipment delivery statements, and production submittals electronically using the software program EXPEDITION by Primavera, Inc., in its most recent commercially available version. Such submittals shall use conventions, accounts, formatting, and methods of submittal as specified by the Radio Project Office.
ii. All Contractor schedule and milestone submittals shall use the software program SURETRAK by Primavera, Inc.
iii. Contractor shall submit all drawings in a format compatible with AUTOCAD by AutoDesk, Inc.
B. Contractor shall prepare a submittal showing milestones completed, along with supporting documentation, for approval by the Commonwealth Project Director. Such submittal shall reflect the milestones achieved to include the last day of the proceeding month. Payment shall be due based on the completion of each milestone specified in Rider E, minus any sums to be withheld. The Contractor shall submit invoices for completed service each month to the Commonwealth's EXPEDITION server per paragraph A above.
C. Payments under this Contract shall be based on Contractor's accomplishment of milestones. These milestones and the percent of applicable payment to be made to Contractor are specified in Xxxxx X.
X. A proper invoice must include the following information and/or attached documentation:
i. Name and address of business concern as designated in the Contract.
ii. Federal Tax Identification Number of business concern as designated in the Contract.
iii. Invoice remittance address as designated in the Contract.
iv. Description including time period, serial numbers, sites, subsystems, and services and deliverables actually rendered or delivered as specified in the Statement of Work.
v. The Contract number.
vi. Work sheets detailing materials provided and tasks performed.
E. If an invoice contains a defect or impropriety and/or it is not a proper invoice, as defined in this section, a written notification and the improper invoice shall be sent to the business concern at the address designated for Receipt of Notices within ten (10) calendar days. The notice shall contain a description of the defect or impropriety and any additional information necessary to correct the defect or impropriety. If such notification has been sent, the required payment date shall be thirty (30) days after th...
