Common use of Timeliness of Payment Clause in Contracts

Timeliness of Payment. Unless otherwise agreed by the Parties in a Transaction, all invoices under this Master Agreement shall be due and payable in accordance with each Party’s invoice instructions on or before the later of the twentieth (20th) day of the month in which such invoice is rendered, 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 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: Master Agreement, Master Power Purchase and Sale Agreement, Master Power Purchase and Sale Agreement

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Timeliness of Payment. Unless otherwise agreed by the Parties in a Transaction, all invoices under this Master Agreement shall be due and payable in accordance with each Party’s invoice instructions on or before the later of the twentieth (20th) day (the “Specified Payment Day”) of the month in which such invoice is renderedeach 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 will 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 shall be deemed delinquent and will shall 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 2 contracts

Samples: 2019 Power and Gas Master Agreement, Master Agreement

Timeliness of Payment. Unless otherwise agreed by the Parties in a Transaction, all All invoices for monthly payments under this Master Agreement shall be due and payable to or by each Facility Owner in accordance with each Party’s the Facility Owner's or CES's invoice instructions instructions, as applicable, on or before the later of the twentieth twenty-fifth (20th25th) day of the month in which such invoice is renderedeach month, or tenth the fifteenth (10th15th) day after receipt of the invoice or, if such day is not a Business Day, then on the next Business Day. Each Party will make payments Payment shall be made by electronic funds transfer, or by other mutually agreeable method(s), to the account designated by the other Partya Party in its invoice. 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 2 contracts

Samples: Sale and Power Purchase Agreement (Delta Energy Center, LLC), Host Agreement (Delta Energy Center, LLC)

Timeliness of Payment. Unless otherwise agreed by the Parties in a Transaction, all invoices under this Master Agreement shall be due and payable in accordance with each Party’s 's invoice instructions on or before the later of the twentieth (20th) day of the month in which such invoice is renderedeach 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 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: Master Power Purchase and Sales Agreement (Texas Genco Holdings Inc)

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Timeliness of Payment. Unless otherwise agreed by the Parties in a --------------------- Transaction, all invoices under this Master Agreement shall be due and payable in accordance with each Party’s 's invoice instructions on or before the later of the twentieth (20th) day of the month in which such invoice is renderedeach 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 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: Master Power Purchase and Sale Agreement (Pg&e Corp)

Timeliness of Payment. Unless otherwise agreed by the Parties in a Transaction, all invoices under this Master Agreement shall be due and payable in accordance with each Party’s invoice instructions on or before the later of the twentieth (20th) day of the month in which such invoice is renderedeach 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 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: Master Power Purchase and Sale Agreement (NRG Energy, Inc.)

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