Common use of Billing and Payment Responsibilities Clause in Contracts

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.)

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.)