Common use of Invoice Errors Clause in Contracts

Invoice Errors. If either Party becomes aware of any error in any invoice, such Party shall, immediately upon discovery of the error, notify in writing the other Party of the error and shall rectify such error (whether such error was in the form of an underpayment or overpayment) within thirty (30) days of such notification. Provided that the other Party is satisfied (in its sole and reasonable discretion) that the aforementioned notification requirements have been complied with in good faith by the Party who has made the error, no interest shall be payable in respect of any amount that was erroneously overpaid or underpaid.

Appears in 2 contracts

Sources: Storage Capacity Agreement, Storage Capacity Agreement