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Common use of Undercharging Clause in Contracts

Undercharging. (a) If we have undercharged you, we may recover the undercharged amount from you even if we do not become aware of our right to recover this amount until after this Agreement has expired or terminated. (b) If we recover an undercharged amount from you, we will not charge interest on the undercharged amount unless we have been charged interest by a third party, in which case we may pass that interest charge onto you.

Appears in 7 contracts

Samples: Terms and Conditions, Electricity Supply Agreement, Large Customer Terms & Conditions

Undercharging. (a) If we have undercharged wehaveundercharged you, we may recover the undercharged amount from you even if evenif we do not become aware of our right to recover this amount until after this Agreement has expired or terminated. (b) If we recover an undercharged amount from you, we will not charge interest on the undercharged amount unless we have been charged interest by a third party, in which case we may pass that interest charge onto you.

Appears in 1 contract

Samples: Electricity Supply Agreement