Common use of Billing Provision Clause in Contracts

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.

Billing Provision. 6.1.1. The Billing Hybrid Power Developer shall be on issue a signed monthly basis▇▇▇▇ to MSEDCL/ (online submission). MSEDCL shall be billed by pay to the Renewable Energy Project Hybrid Power Developer the monthly Tariff payment in accordance with the ARTICLE 5 of this PPA and Hybrid Power Developer based on Meter reading (MRIAMR/AMR)/REA/SEA MRI 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 (supplied and payment will be due on online portal only) for the power supplied during thirtieth day following the month by the 10th day delivery of the following monthbilling invoice. The Renewable Energy Project Developer HPD shall open a bank account ("Renewable Energy Project DeveloperPower Producer’s Designated Account"), and shall notify MSEDCL as per the format enclosed with this PPA as Schedule 56, for all Tariff Payments be made by the Procurer to the Renewable Energy Project DeveloperPower Producer, 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 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 Seller’s Designated Account, as the case may be, and shall notify either Party of such instructions on the same day.