Common use of Billing and Payment Terms Clause in Contracts

Billing and Payment Terms. 7.1. Monthly billing The TSO sends the Shipper, with reference to the prices determined in Appendix A “Price Schedule”: No later than the fifteenth (15) of Month M+1, the invoice for Month M, corresponding to: ➢ Basic price ➢ Price of PEG access service (if applicable) ➢ As the case may be, the quantities allocated in UBI ➢ As the case may be, the price of the Transmission Balancing Service ➢ As the case may be, the amount of the late performance fine pursuant to article 7.5 of the General Terms and Conditions ➢ As the case may be, the amount of the fine for failure to respect the methods for participating in the Targeted Spread ➢ As the case may be, the amount of the fine for failure to respect the methods for participating in the Flow Commitment As the case may be, no later than the fifteenth (15) of Month M+1, the invoice for the Storage Price Term. No later than the fifteenth (15) of Month M+2, the invoice or Purchase Sheet for Month M, corresponding to: ➢ The Balancing terms ➢ The fines for exceeding capacities ➢ As the case may be, the amount of the late performance penalty pursuant to article 7.5 of the General Terms and Conditions