Billing Month definition
Examples of Billing Month in a sentence
Additionally, the Company shall pay the Jurisdictions, within thirty (30) days following the end of the Billing Month, the Residue Disposal Credit or the Residue Disposal Rebate, as applicable, and the Change in Law Credit, if any, as calculated in accordance with Sections 4.4 and 4.5(d), respectively.
If, in any Billing Month, the Company refuses or is unable to accept Acceptable Waste delivered by or on behalf of the Jurisdictions in accordance with this Agreement for any reason whatsoever other than Jurisdiction Fault, the number of Tons which the Company refuses or is unable to accept shall be credited to the Minimum Annual Tonnage for such Contract Year.
Subject to Sections 4.5 and 10.6(a), the Jurisdictions shall pay to the Company in each Billing Month, as part of the Acceptance Fee, an amount (the “Change in Law Charge”) that is equal to the product of (i) the sum of the Unit Change in Law Cost(s) for the pertinent Billing Month, multiplied by (ii) the number of Tons of Acceptable Waste delivered by or on behalf of the Jurisdictions and accepted at the Facility or at an Alternate Facility in such Billing Month.
If, the aggregate Unit Change in Law Cost(s) (as such Unit Change in Law Cost(s) may, in absence of actual values, may be reasonably estimated) for any Billing Month during the Term is equal to or exceeds the Maximum Change in Law Cost, then the Company may, following the Change in Law that would result in an amount equal to or exceeding such Maximum Change in Law Cost, terminate this Agreement with respect to the Company by one hundred eighty (180) days prior notice to the Jurisdictions.
All Acceptable Waste accepted at the residents’ disposal area shall be for the credit for the Minimum Annual Tonnage and the tonnage shall be included in the calculation of the Monthly Disposal Fee for each Billing Month in Section 4.3(a), and the City shall pay the Monthly Disposal Fee therefor.