Examples of Owed Party in a sentence
In case the payment of any Invoice for charges payable under this Agreement is delayed by either Party (“Owing Party”) beyond its Due Date, a Late Payment Surcharge shall be payable by the Owing party to the Owed Party at the rate of the Standard Interest per year on the outstanding amount, calculated on a day to day basis for each day of the delay, compounded on monthly rests.
The Owing Party shall pay the Annual Payment Adjustment to the Owed Party on or before the Due Date.
Such compensation shall be paid within thirty (30) days after the issuance of the related invoice by the Owed Party and it shall be paid by the City Enterprise or the District Enterprise, as applicable, solely from the net revenues of their respective water utilities.
The annual reconciliation shall also take into account the XXXX Annual Energy Charge Adjustment in accordance with Clause 10.7.7. The Owed Party shall issue a Supplementary Invoice setting out the amount payable by the Owing Party under the reconciliation statement (“Annual Payment Adjustment”).
For deliveries in the remainder of calendar year 2013 and the full calendar year 2014, treatment charges shall be due from the Owing Party to the Owed Party on the Overage calculated at the rate of One Dollar and Thirty-Five and Zero Hundredths Cents ($1.3500) per thousand gallons of metered flows.
For deliveries in calendar year 2015, treatment charges shall be due from the Owing Party to the Owed Party on the Overage calculated at the rate of One Dollar and Sixty-Nine and Twenty Hundredths Cents ($1.6920) per thousand gallons of metered flows.
The Owed Party shall issue a Supplementary Invoice setting out the amount payable by the Owing Party under the reconciliation statement (“Annual Payment Adjustment”).
For deliveries in calendar year 2016, treatment charges shall be due from the Owing Party to the Owed Party on the Overage calculated at the rate of Two Dollar and Three and Thirty-Eight Hundredths Cents ($2.0338) per thousand gallons of metered flows.
The Owing Party agrees to transfer raw water from the Colorado-Big Thompson Project (“CBT”) to the Owed Party in an amount equal to the volume of the Overage.
For deliveries after the effective date and in the remainder of calendar year 2014, treatment charges shall be due from the Owing Party to the Owed Party on the Overage calculated at the rate of One Dollar and Sixty-Nine and Twenty Hundredths Cents ($1.6920) per thousand gallons of metered flows.