Examples of Net Payment Amount in a sentence
In connection with such invoice the Party shall state all amounts then owed between the Parties pursuant to the Individual Contracts including, without limitation, all amounts owed for the purchase and sale of such commodities, fees, charges, reimbursements, damages, interest, and other payments or credits owed then between the Parties, and the Net Payment Amount pursuant to § 1.3 (Payment Netting).
The failure to pay the Net Payment Amount shall be deemed to be a failure to pay an amount owed under each Individual Contract or, as the case may be, owed under a Principal Agreement and, unless otherwise agreed in this Agreement, the Party the Net Settlement Amount is owed to shall have all the rights and remedies which apply to the failure to pay according to the terms of such Individual Contracts or the Principal Agreements.
On the Harmonised Due Date, the Party owing the Net Payment Amount shall pay by wire transfer in freely available funds to the other Party’s bank account as specified for such Party in § 4.3.
The Net Payment Amount for a particular Payment Date shall be paid on that Payment Date.
The amounts determined under Section 12.9.3.3 shall be included in the statement issued by Aron pursuant to Section 12.1.3 on December 3, 2021 and shall be included in the Interim Net Payment Amount due on December 6, 2021.