Billing Provision Sample Clauses
A Billing Provision sets out the terms and procedures for invoicing and payment between parties in a contract. It typically details when invoices must be issued, the acceptable methods of payment, and the timeframe within which payments are due. For example, it may specify that invoices are to be sent monthly and must be paid within 30 days of receipt. The core function of this clause is to ensure clarity and predictability in financial transactions, reducing the risk of disputes over payment timing and obligations.
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Billing Provision. The Billing will be on monthly basis. APDCL will be billed by the Power Producer based on Joint Meter reading/AMR/REA/SEA as certified by Assam SLDC/RLDC or APDCL authority as may be applicable following the end of each month for the energy supplied and payment will be due on the thirtieth day following the delivery of the billing invoice.
Billing Provision. The Billing will be on monthly basis. GUVNL will be billed by the Power Producer based on as certified by SEA of Gujarat SLDC following the end of each month for the energy supplied and payment will be due on the thirtieth day following the delivery of the billing invoice.
Billing Provision. 8.2.1 MSEDCL shall pay for the Delivered Energy / scheduled energy (as per the prevailing MERC Regulations) as certified by SLDC/ MSEDCL / appropriate authority through SEA/joint meter reading (AMR/MRI), from the Commercial Operation Date of the respective Unit date till end of the Term of this PPA, to the SPV every month (“Monthly Energy Charge”).
8.2.2 Power imported during start-up / auxiliary consumption / power consumption during shutdown will be netted-off while accounting for the energy sold to MSEDCL. It is clarified that, subject to approval of the MERC, such net-off would also be counted towards compliance of MSEDCL’s Solar RPO.
8.2.3 The billing shall be on a monthly basis.
8.2.4 The SPV would raise Monthly Bills (online) for the power supplied during the month by the 10th (tenth) day of the following month.
8.2.5 Billing, collection, and other terms of this PPA would apply uniformly for the whole of the Contracted Capacity under this PPA.
Billing Provision. The Billing will be on monthly basis. DISCOM will be billed by the Power Producer based on energy as certified by SEA of Gujarat SLDC following the end of each month for the energy supplied. Any ▇▇▇▇ raised after a period of three years from the date of certification of SEA shall be barred by limitation and shall not be payable.
Billing Provision. The Billing will be on monthly basis. JIL will be billed by the Power Producer based on the certification by Gujarat SLDC/ relevant government agency in its SEA after the end of each month for the energy scheduled, and payment will be due on the thirtieth day following the delivery of the billing invoice. The Power Producer shall raise invoice for monthly energy scheduled at the Delivery Point along with all the charges and losses levied beyond the Metering Point to JIL.
Billing Provision. (i) PSPCL shall pay to the SPD, the monthly Tariff Payments, from the commencement of supply of power, on or before the Due Date, in accordance with Tariff as specified in Article
Billing Provision. The Billing will be on monthly basis. TPL-D will be billed by the Power Producer based on Delivered Energy as certified by SEA of Gujarat SLDC following the end of each month for the energy supplied and payment will be due on the 30th (thirtieth) day following the receipt of the billing invoice.
Billing Provision. The Billing will be on monthly basis. GUVNL will be billed by the HPD based on units as certified by SEA of Gujarat SLDC following the end of each month for the energy supplied and payment will be due on the thirtieth (30th) day following the delivery of the billing invoice. As per applicable regulation(s), all charges pertaining to obtaining open access and scheduling of power, if any, shall be borne by the HPD in case of CTU connectivity.
Billing Provision. 6.1.1. The Hybrid Power Developer shall issue a signed monthly ▇▇▇▇ to MSEDCL. MSEDCL shall pay to the Hybrid Power Developer the monthly Tariff payment in accordance with the ARTICLE 5 of this PPA and Hybrid Power Developer based on Joint Meter reading/AMR/MRI as certified by Maharashtra SLDC or MSEDCL authority as may be applicable following the end of each month for the energy supplied and payment will be due on the thirtieth day following the delivery of the billing invoice.
Billing Provision. The Billing shall be on monthly basis. MSEDCL shall be billed by the Renewable Energy Project Developer based on Meter reading (MRI/AMR)/REA/SEA as certified by Maharashtra SLDC /RLDC or MSEDCL authority as may be applicable following the end of each month for the energy supplied. The Renewable Energy Project Developer shall raise bills (on online portal only) for the power supplied during the month by the 10th day of the following month. The Renewable Energy Project Developer shall open a bank account ("Renewable Energy Project Developer’s Designated Account"), and shall notify MSEDCL as per the format enclosed with this PPA as Schedule 5, for all Tariff Payments be made by the Procurer to the Renewable Energy Project Developer, and notify the Procurer of the details of such account at least thirty (30) Days before the dispatch of the first Monthly ▇▇▇▇. The Procurer shall also designate a bank account (the "Procurer‟s Designated Account") for payments to be made by the Seller to the Procurer, if any, and notify the Seller of the details of such account thirty (30) days before the dispatch of the first Monthly ▇▇▇▇. The Seller and the Procurer shall instruct their respective bankers to make all payments under this Agreement to the Procurer‟ Designated Account or the Seller‟s Designated Account, as the case may be, and shall notify either Party of such instructions on the same day.