Billing and Payment Responsibilities Sample Clauses
The "Billing and Payment Responsibilities" clause defines the obligations of each party regarding the invoicing and payment of fees or charges under the agreement. Typically, it outlines when and how invoices will be issued, the timeframe for payment, acceptable payment methods, and any consequences for late or missed payments, such as interest or suspension of services. This clause ensures both parties understand their financial duties, helping to prevent disputes over payments and maintain a clear, predictable process for handling financial transactions.
Billing and Payment Responsibilities. In connection with all rights and responsibilities specified by Party A and Party B in any of subparts (a) through (d) of this Section, Party B shall be billed for, and shall make payment to PJM for, all charges, penalties, costs and fees. (If this option is not specified, PJM will issue ▇▇▇▇▇▇▇▇ to, and collect amounts due from, Party A.) _____ _____ In connection with all rights and responsibilities specified by Party A and Party B above, Party B is entitled to receive from PJM in Party B’s account all credits, revenues, distributions, and disbursements. (If this option is not specified, PJM will pay such amounts to Party A.)
Billing and Payment Responsibilities. In connection with all rights and responsibilities specified by Principal and Agent in any of subparts (a) through (d) of this Section, or as specified in the attached Addendum, Agent shall be billed for, and shall make payment to PJM for, all charges, penalties, costs and fees. (If this option is not specified, PJM will issue ▇▇▇▇▇▇▇▇ to, and collect amounts due from, Principal.) In connection with all rights and responsibilities specified by Principal and Agent above, Agent is entitled to receive from PJM in Agent’s account all credits, revenues, distributions, and disbursements. (If this option is not specified, PJM will pay such amounts to Principal.)