Common use of Adjusted Billing Procedures Clause in Contracts

Adjusted Billing Procedures. If as the result of an audit and any related dispute resolution procedures under Section 13.1 or Section 13.2 it is determined that there was an under- or over-billing, the Decommissioning Agent will issue invoices to correct the under- or over- billing with interest at the Prime Rate. Interest will be calculated from the due date for payments on the prior invoices that included the under-or over-billed amounts to the date of the revised xxxxxxxx. The owing Party will pay any amounts owed on the corrected invoices within twenty (20) Business Days after receipt of the revised billing reflecting the result of the audit report. Each Party (other than an Initiating Party) that receives a payment or credit as a result of an audit report will reimburse the Initiating Party for the cost of the audit based on the amount received by such Party as a percentage of the total amount of payments and credits received by Parties; provided that if the amount received by a Party is less than the lower of (i) $5,000 or (ii) ten percent (10%) of the amount of the disputed billing, no reimbursement for the audit costs will be required.

Adjusted Billing Procedures. If as the result of an audit and any related dispute resolution procedures under Section 13.1 or Section 13.2 it is determined that there was an under- or over-billing, the Decommissioning Reclamation Trust Funds Operating Agent will issue invoices to correct the under- or over- over-billing with interest at the Prime RateRate (or any successor to that rate). Interest will be calculated from the due date for payments on the prior invoices that included the under-or over-billed amounts to the date of the revised xxxxxxxx. The owing Party will pay any amounts owed on the corrected invoices within twenty (20) Business Days after receipt of the revised billing reflecting the result of the audit report. Each Party (other than an Initiating Party) that receives a payment or credit as a result of an audit report will reimburse the Initiating Party for the cost of the audit based on the amount received by such Party as a percentage of the total amount of payments and credits received by Parties; provided provided, that if the amount received by a Party is less than the lower of (i) $5,000 or (ii) ten percent (10%) of the amount of the disputed billing, no reimbursement for the audit costs will be required.

Adjusted Billing Procedures. If as the result of an audit and any related dispute dispute‌ resolution procedures under Section 13.1 23.1 or Section 13.2 23.2 it is determined that there was an under- or over-billing, the Decommissioning Operating Agent will issue invoices to correct the under- or over- billing with interest at the Wall Street Journal Prime RateRate (or any successor to that rate). Interest will be calculated from the due date for payments on the prior invoices that included the under-or over-billed amounts to the date of the revised xxxxxxxx. The owing Party will pay any amounts owed on the corrected invoices within twenty (20) Business Days after of receipt of the revised billing reflecting the result of the audit report. Each Party (other than an Initiating Party) that receives a payment or credit as a result of an audit report will reimburse the Initiating Party for the cost of the audit based on the amount received by such Party as a percentage of the total amount of payments and credits received by Parties; provided provided, that if the amount received by a Party is less than the lower of (i) $5,000 or (ii) ten percent (10%) of the amount of the disputed billing, no reimbursement for the audit costs will be required.