Common use of Xxxxxxxx and Payments Clause in Contracts

Xxxxxxxx and Payments. 1. For the purpose of billing and accounting for the gas delivered hereunder, the day shall begin at 9:00 a.m. Central Clock Time and extend to 9:00 a.m. the following day, and the month (hereinafter called “billing month”) shall begin at 9:00 a.m. Central Clock Time on the first (1st) day of the calendar month and extend to 9:00 a.m. on the first (1st) day of the following calendar month. 2. Company shall render to its Shippers, by mail or facsimile, on or before the first (1st) day of each month an invoice setting forth the demand charges as applicable. Within ten (10) days from the date of the invoice, Shipper agrees to make payment to Company by wire transfer to the AmSouth Bank of Alabama, crediting Company’s account number 80000000 for such firm demand charges for the account of Shipper at the Delivery Point(s) during the current month. 3. On or before the fifteenth (15th) day of each calendar month, Company shall render or cause to be rendered, by mail or facsimile, to all Shippers an invoice of the amount due for the preceding month setting forth the total quantity of gas (1) received by Company from Shipper for injection into the storage facilities, or delivered by shipper to Company for transportation; (2) delivered by Company to Shipper for withdrawal from the storage facilities, or redelivered by Company to Shipper after transportation; (3) gas balance at the beginning and end of the injection/withdrawal, or transportation, month and (4) the rates and charges for storage or transportation services hereunder during such billing month. Bxxxxxxx for volumes transported shall be determined on a dry basis. 4. Within ten (10) days from the date of the fifteenth (15th) day invoice, Shipper shall pay Company the amount due for all gas injected, withdrawn or stored, or transported, by Company for the account of Shipper during the injection/withdrawal, or transportation, month. Payments to Company shall be made either by wire transfer to the AmSouth Bank of Alabama, crediting Company’s account number 80000000, or by check such that funds are available to Company on or before the tenth (10th) day after the date of the invoice. If rendering of an invoice by Company is delayed after the fifteenth day of the month, then the time of payment shall be extended accordingly unless Shipper is responsible for such delay.

Xxxxxxxx and Payments. 1. For the purpose of billing and accounting for the gas delivered hereunder, the day shall begin at 9:00 a.m. Central Clock Time and extend to 9:00 a.m. the following day, and the month (hereinafter called “billing month”) shall begin at 9:00 a.m. Central Clock Time on the first (1st) day of the calendar month and extend to 9:00 a.m. on the first (1st) day of the following calendar month. 2. Company Bay Gas shall render to its Shippers, by mail or facsimile, on or before the first (1st) day of each month an invoice setting forth the demand charges as applicable. Within ten (10) days from the date of the invoice, Shipper agrees to make payment to Company Bay Gas by wire transfer to the AmSouth Bank of Alabama, crediting Company’s Bay Gas’ account number 80000000 for such firm demand charges for the account of Shipper at the Delivery Point(s) during the current month. 3. On or before the fifteenth (15th) day of each calendar month, Company Bay Gas shall render or cause to be rendered, by mail or facsimile, to all Shippers an invoice of the amount due for the preceding month setting forth the total quantity of gas (1) received by Company Bay Gas from Shipper for injection into the storage facilities, or delivered by shipper to Company Bay Gas for transportation; (2) delivered by Company Bay Gas to Shipper for withdrawal from the storage facilities, or redelivered by Company Bay Gas to Shipper after transportation; (3) gas balance at the beginning and end of the injection/withdrawal, or transportation, month and (4) the rates and charges for storage or transportation services hereunder during such billing month. Bxxxxxxx for volumes transported shall be determined on a dry basis. 4. Within ten (10) days from the date of the fifteenth (15th) day invoice, Shipper shall pay Company Bay Gas the amount due for all gas injected, withdrawn or stored, or transported, by Company Bay Gas for the account of Shipper during the injection/withdrawal, or transportation, month. Payments to Company Bay Gas shall be made either by wire transfer to the AmSouth Bank of Alabama, crediting Company’s Bay Gas’ account number 80000000, or by check such that funds are available to Company Bay Gas on or before the tenth (10th) day after the date of the invoice. If rendering of an invoice by Company Bay Gas is delayed after the fifteenth day of the month, then the time of payment shall be extended accordingly unless Shipper is responsible for such delay.