Due Date of Payment definition

Due Date of Payment means the date on which the amount payable by the DISCOM to the solar power developer hereunder for Delivered Energy, if any, supplied during a billing month becomes due for payment, which date shall be thirty (30) days from the meter reading date provided the bill is received by DISCOM within 5 working days from meter reading date, and in the case of any supplemental or other bill or claim, if any, the due date of payment shall be thirty (30) days from the date of the presentation of such bill or claim to the designated officer of DISCOM. If the last date of payment falls on a holiday, the next working date shall be considered as last date.

Due Date of Payment in respect of a Tariff Invoice means the date, which is 30 (thirty) days from the date of receipt of such invoices by the designated official of the GUVNL.

Due Date of Payment in respect of a Tariff Invoice means the date, which is 30th day from the date of receipt of such invoices by the designated official of the DISCOM.

Examples of Due Date of Payment in a sentence

• For this purpose, the Parties may also mutually agree to a mechanism for payment of the Bill through letter of credit without waiting for expiry of the Due Date of Payment.

• If resolution of any dispute requires the Company or the HPSEBL to reimburse to the HPSEBL or to the Company, the amount to be reimbursed shall bear interest, for the number of days from the Due Date of Payment by the HPSEBL or by the Company upto the Date of Reimbursement, at the rate equivalent to the prevailing prime lending rate of State Bank of India.

• In case the payment is not released by the HPSEBL on the due date of payment, the Company shall, on the working day immediately after to the Due Date of Payment (scheduled date of operation of LC), claim payment from the concerned bank through the LC for the undisputed/unpaid amount of the bill.

• The dues (payment of bills) of the company, not stayed by a competent court or Tribunal or dispute resolution agency as designated in the Power Purchase Agreement, which remains unpaid by the HPSEBL beyond the Due Date of Payment shall constitute the Outstanding Dues.

• The HPSEBL shall make payments of the bills raised on above basis within the Due Date of Payment.

More Definitions of Due Date of Payment

Due Date of Payment means the date on which the amount payable by the DISCOM to the Solar Power Developer hereunder for Delivered Energy, if any, supplied during a Billing Month becomes due for payment, which date shall be thirty (30) days from the Meter Reading Date provided the bill is received by DISCOM within 5 working days from Meter Reading Date, and in the case of any supplemental or other bill or claim, if any, the Due Date of Payment shall be thirty (30) days from the date of the presentation of such bill or claim to the designated officer of the DISCOM. If the last date of payment falls on a holiday, the next working day shall be considered as last date.

Due Date of Payment means in relation to any invoice the day falling 30 Days after the date upon which such invoice is submitted. If such day is not a business day, the immediately succeeding business day will be considered as due date for payment;

Due Date of Payment means with respect to any bill, the date by which the amount of such bill is required to be paid. This date shall in case of any monthly bill for any Billing Month and/or supplementary bill, be sixty (60) days from the Date of Presentation of the Bill by the Company to the HPSEBL or vice versa. If such due date happens to be a holiday, the next working day shall be treated as the Due Date of Payment.

Due Date of Payment in respect of a Tariff Invoice means the date, which is fifteen (15) Days from the date of receipt of such invoices by the designated official of the Corporation.

Due Date of Payment in respect of a Monthly Invoice means the date, which is 15 (fifteen) days from the date of receipt of such invoices by the designated official of the

Due Date of Payment means the date on which the amount payable by the DISCOM to the WtE Developer hereunder for Delivered Energy, if any, supplied during a Billing Month becomes due for payment, which date shall be thirty (30) days from the Meter Reading Date provided the xxxx is received by DISCOM within 5 working days from Meter Reading Date, and in the case of any supplemental or other xxxx or claim, if any, the Due Date of Payment shall be thirty

Due Date of Payment in respect of a Invoice/Xxxx means the date, which is 30 (thirty) days from the date of receipt of such invoices at the designated office of the PSPCL. If such day is not a business day, the immediately succeeding day shall be the due date.