Timeliness of Payment. Unless otherwise agreed by the Parties in a transaction contemplated by this Agreement, all invoices under this Agreement shall be due and payable in accordance with each Party’s invoice instructions on or before the later of the last day of each month, or tenth (10th) day after receipt of the invoice or, if such day is not a business day, then on the next business day. Each Party shall make payments by electronic funds transfer, or by other mutually agreeable method(s), to the account designated by the other Party. Any amounts not paid by the due date will be deemed delinquent and will accrue interest at the Interest Rate, such interest to be calculated from and including the due date to but excluding the date the delinquent amount is paid in full.
Appears in 8 contracts
Samples: Reliability Support Services Agreement, Reliability Support Services Agreement, Nwa Agreement
Timeliness of Payment. Unless otherwise agreed by the Parties in a transaction contemplated by this AgreementParties, all invoices under this Agreement shall be due and payable in accordance with each Party’s invoice instructions on or before the later of the last twentieth (20th) day of each monthMonth, or the tenth (10th) day after receipt of the invoice or, if such day is not a business dayBusiness Day, then on the next business dayBusiness Day. Each Party shall will make payments by electronic funds transfer, or by other mutually agreeable method(s), to the account designated by the other Party. Any amounts not paid by the due date will be deemed delinquent and will accrue interest at the Interest Rate, such interest to be calculated from and including the due date to but excluding the date the delinquent amount is paid in full.
Appears in 5 contracts
Samples: Wholesale Renewable Power and Storage Capacity Purchase Agreement, Wholesale Renewable Power Purchase Agreement, Wholesale Renewable Power Purchase Agreement
Timeliness of Payment. Unless otherwise agreed by the Parties in a transaction contemplated by this AgreementParties, all invoices under this Agreement shall be due and payable in accordance with each Party’s invoice instructions on or before the later of the last twentieth (20th) day of each monthMonth, or the tenth (10th) day after receipt of the invoice or, if such day is not a business dayBusiness Day, then on the next business dayBusiness Day. Each Party shall will make payments by electronic funds transfer, or by other mutually agreeable method(s), to the account designated by the other Party. Any amounts not paid by the due date will be deemed delinquent and will accrue interest at the Interest Rate, such interest to be calculated from and including the due date to but excluding the date the delinquent amount is paid in full.full.
Appears in 5 contracts
Samples: Wholesale Renewable Power and Storage Capacity Purchase Agreement, Wholesale Renewable Power Purchase Agreement, Wholesale Renewable Power and Storage Capacity Purchase Agreement
Timeliness of Payment. Unless otherwise agreed by the Parties in a transaction contemplated by this AgreementTransaction, all invoices under this Agreement shall be due and payable in accordance with each Party’s invoice instructions on or before the later of the last sixteenth (16th) day of each month, or tenth (10th) day after receipt of the invoice or, if such day is not a business dayBusiness Day, then on the next business dayBusiness Day. Each Party shall will make payments by electronic funds transfer, or by other mutually agreeable method(s), to the account designated by the other Party. Any amounts not paid by the due date will be deemed delinquent and will accrue interest at the Interest Rate, such interest to be calculated from and including the due date to but excluding the date the delinquent amount is paid in full.
Appears in 1 contract
Timeliness of Payment. Unless otherwise agreed by the Parties in a transaction contemplated by this AgreementTransaction, all invoices under this Agreement shall be due and payable in accordance with each Party’s 's invoice instructions on or before the later of the last twentieth (20th) day of each monthMonth, or tenth (10th) day after receipt of the invoice or, if such day is not a business dayBusiness Day, then on the next business dayBusiness Day. Each Party shall will make payments by electronic funds transfer, or by other mutually agreeable method(s), to the account designated by the other Party. Any amounts not paid by the due date will be deemed delinquent and will accrue interest at the Interest Rate, such interest to be calculated from and including the due date to but excluding the date the delinquent amount is paid in full.
Appears in 1 contract
Samples: Power Purchase Agreement
Timeliness of Payment. Unless otherwise agreed by the Parties in a transaction contemplated by this AgreementParties, all invoices under this Agreement shall be due and payable in accordance with each Party’s invoice instructions on or before the later of the last twentieth (20th) day of each month, or tenth (10th) day after receipt of the invoice or, if such day is not a business dayBusiness Day, then on the next business dayBusiness Day. Each Party shall will make payments by electronic funds transfer, or by other mutually agreeable method(s), to the account designated by the other Party. Any amounts not paid by the due date will be deemed delinquent and will accrue interest at the Interest Rate, such interest to be calculated from and including the due date to but excluding the date the delinquent amount is paid in full.
Appears in 1 contract
Samples: Resource Adequacy Agreement
Timeliness of Payment. Unless otherwise agreed by the Parties in a transaction contemplated by this AgreementParties, all invoices under this Agreement shall be due and payable in accordance with each Party’s invoice instructions on or before the later of the last twenty-fifth (25th) day of each month, or tenth fifteenth (10th15th) day after receipt of the invoice or, if such day is not a business dayBusiness Day, then on the next business dayBusiness Day. Each Party shall will make payments by electronic funds transfer, or by other mutually agreeable method(s), to the account designated by the other Party. Any amounts not paid by the due date will be deemed delinquent and will accrue interest at the Interest Rate, such interest to be calculated from and including the due date to but excluding the date the delinquent amount is paid in full.
Appears in 1 contract
Samples: Resource Adequacy Agreement