Final Invoice and Refund of Remaining Security Sample Clauses
The "Final Invoice and Refund of Remaining Security" clause outlines the process for issuing a final bill and returning any unused security deposit at the end of a contractual relationship. Typically, after all services are completed or the contract is terminated, the service provider will calculate any outstanding amounts owed and issue a final invoice to the client. If a security deposit was held, any remaining balance—after deducting for damages, unpaid fees, or other agreed-upon costs—will be refunded to the client. This clause ensures that both parties have a clear understanding of the financial reconciliation process at the contract's conclusion, helping to prevent disputes over final payments and the return of security deposits.
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Final Invoice and Refund of Remaining Security. Within six months after completion of the construction of the Network Upgrade Facilities, Connecting Transmission Owner shall provide an invoice of the final cost of the construction of the Network Upgrade Facilities and shall set forth such costs in sufficient detail to enable Transmission Developer to compare the actual costs with the estimates and to ascertain deviations, if any, from the cost estimates. Connecting Transmission Owner shall refund to Transmission Developer any amount by which the actual payment by Transmission Developer for estimated costs exceeds the actual costs of construction within thirty (30) Calendar Days of the issuance of such final construction invoice. Following the later of the completion of the construction of the Network Upgrade Facilities and Transmission Developer’s payment of any final invoice issued under this Article 12.2, Connecting Transmission Owner shall refund to the Transmission Developer any remaining portions of its Security, except as set forth in Article
Final Invoice and Refund of Remaining Security. Within six months after completion of the construction of Network Upgrade Facilities, Connecting Transmission Owner shall provide an invoice of the final cost of the construction of the Network Upgrade Facilities and shall set forth such costs in sufficient detail to enable Transmission Developer to compare the actual costs with the estimates and to ascertain deviations, if any, from the cost estimates. Connecting Transmission Owner shall refund to Transmission Developer any amount by which the actual payment by Transmission Developer for estimated costs exceeds the actual costs of construction within thirty (30) Calendar Days of the issuance of such final construction invoice. Following the later of: (i) the completion of the construction of the Network Upgrade Facilities and Connecting Transmission Owner’s acceptance of the Network Upgrade Facilities, or (ii) Transmission Developer’s payment of any final invoice issued under this Article 12.2, Connecting Transmission Owner shall refund to the Transmission Developer any remaining portions of its Security, except as set forth in Article
Final Invoice and Refund of Remaining Security. Within six months after completion of the construction of the Connecting Transmission Owner’s Attachment Facilities and the SystemNetwork Upgrade Facilities and System Deliverability Upgrades, Connecting Transmission Owner shall provide an invoice of the final cost of the construction of the Connecting Transmission Owner’s Attachment Facilities and the SystemNetwork Upgrade Facilities and System Deliverability Upgrades, determined in accordance with Attachment S to the ISO OATT, and shall set forth such costs in sufficient detail to enable Transmission Developer to compare the actual costs with the estimates and to ascertain deviations, if any, from the cost estimates. Connecting Transmission Owner shall refund to Transmission Developer any amount by which the actual payment by Transmission Developer for estimated costs exceeds the actual costs of construction within thirty (30) Calendar Days of the issuance of such final construction invoice. Following the later of the completion of the construction of the Network Upgrade Facilities and Transmission Developer’s payment of any final invoice issued under this Article 12.2, Connecting Transmission Owner shall refund to the Transmission Developer any remaining portions of its Security, except as set forth in Article 11.5. Connecting Transmission Owner shall provide Transmission Developer with the refunded amount within thirty (30) Calendar Days of the Parties’ satisfaction of the requirements in this Article 12.2.
Final Invoice and Refund of Remaining Security. Overpayment Amount
Final Invoice and Refund of Remaining Security. Within twelve months after completion of construction of Network Upgrade Facilities, Connecting Transmission Owner shall provide an invoice of the final cost of the construction of the Network Upgrade Facilities and shall set forth such costs in sufficient detail to enable Transmission Developer to compare the actual costs with the estimates and to ascertain deviations, if any, from the cost estimates. Connecting Transmission Owner shall refund to Transmission Developer any amount by which the actual payment or Security provided by Transmission Developer for estimated costs exceeds the actual costs of construction within thirty
Final Invoice and Refund of Remaining Security. Within sixtwelve months after completion of the construction of the Connecting Transmission Owner’s Attachment Facilities and the SystemNetwork Upgrade Facilities and System Deliverability Upgrades, Connecting Transmission Owner shall provide an invoice of the final cost of the construction of the Connecting Transmission Owner’s Attachment Facilities and the SystemNetwork Upgrade Facilities and System Deliverability Upgrades, determined in accordance with Attachment S to the ISO OATT, and shall set forth such costs in sufficient detail to enable Transmission Developer to compare the actual costs with the estimates and to ascertain deviations, if any, from the cost estimates. Connecting Transmission Owner shall refund to Transmission Developer any amount by which the actual payment byor Security provided by Transmission Developer for estimated costs exceeds the actual costs of construction within thirty (30) Calendar Days of the issuance of such final construction invoice; provided, however, that any refund of Security shall be subject to the provisions of Article 11.5.