Common use of Invoicing and Payments for Gas Clause in Contracts

Invoicing and Payments for Gas. Manager shall invoice Counterparty for Gas sold to Counterparty, whether that Gas is Firm sales service pursuant to Section 4.01 or Summer Refill Quantity pursuant to Section 4.02. Invoices shall be rendered each Month for Gas delivered (or in the case of Summer Refill Quantity, deemed to be delivered) in the preceding Month, and for any other applicable charges (such as injection fees), providing supporting documentation acceptable in industry practice to support the amount charged. If the actual quantity is not known by the billing date, billing shall be prepared based on the quantity of Gas scheduled to be delivered. The invoice shall then be adjusted to the actual quantity on the following Month’s billing, or as soon thereafter as actual information is available. Counterparty shall remit the invoiced amount on the later of (a) the twenty-fifth (25th ) day of the Month after delivery or (b) ten (10) days after the invoice date. If the amount of an invoice is disputed in good faith, the Counterparty shall pay the undisputed portion. Interest on late payments of undisputed amounts shall accrue at the rate of the then effective prime rate of interest published under “Money Rate” by the Wall Street Journal, plus two percent (2%) per annum from the due date until the date of payment. Payment shall be in immediately available funds to the bank accounts set forth in this Agreement. The Parties agree to discharge mutual debts and payment obligations due and owing to each other whether arising under this Agreement or any other agreement, but limited to natural gas transactions only, between the Parties through netting. Therefore, all amounts owed by one Party to the other Party during any given month arising from natural gas transactions shall be netted against the amount owed by the other Party under such transactions. The Party owing the greater amount shall pay the difference to the other Party and notify the other Party of the amount netted using the invoice and payment procedures described herein.

Invoicing and Payments for Gas. Manager The Parties shall invoice Counterparty each other for Gas sold to Counterpartythe other Party, whether that Gas is Firm sales service pursuant to Section 4.01 or Summer Refill Quantity Fill Volumes pursuant to Section 4.027.02. Invoices shall 20 be rendered each Month for Gas delivered (or in the case of Summer Refill QuantityFill Volumes, deemed to be delivered) in the preceding Month, and for any other applicable charges (such as injection fees), providing supporting documentation acceptable in industry practice to support the amount charged. If the actual quantity is not known by the billing date, billing shall will be prepared based on the quantity of Gas scheduled to be delivered. The invoice shall will then be adjusted to the actual quantity on the following Month’s 's billing, or as soon thereafter as actual information is available. Counterparty Each Party shall remit the invoiced amount on the later of (a) the twenty-fifth (25th ) day of the Month after delivery or (b) ten (10) days after the invoice date. If the amount of an invoice is disputed in good faith, the Counterparty shall Party will pay the undisputed portion. Interest on late payments of undisputed amounts shall accrue at the rate of the then effective prime rate of interest published under “"Money Rate” " by the Wall Street Journal, plus two percent (2%) per annum from the due date until the date of payment. Payment shall be in immediately available funds to the bank accounts set forth in this Agreement. The Parties agree to discharge mutual debts and payment obligations due and owing to each other whether arising under this Agreement or any other agreement, but limited to natural gas transactions only, between the Parties through netting. Therefore, all amounts owed by one Party to the other Party during any given month arising from natural gas transactions shall will be netted against the amount owed by the other Party under such transactions. The Party owing the greater amount shall pay the difference to the other Party and notify the other Party of the amount netted using the invoice and payment procedures described herein.

Invoicing and Payments for Gas. Manager The Parties shall invoice Counterparty each other for Gas sold to Counterpartythe other Party, whether that Gas is Firm sales service pursuant to Section 4.01 or Summer Refill Quantity Fill Volumes pursuant to Section 4.027.02. Invoices shall 20 be rendered each Month for Gas delivered (or in the case of Summer Refill QuantityFill Volumes, deemed to be delivered) in the preceding Month, and for any other applicable charges (such as injection fees), providing supporting documentation acceptable in industry practice to support the amount charged. If the actual quantity is not known by the billing date, billing shall will be prepared based on the quantity of Gas scheduled to be delivered. The invoice shall will then be adjusted to the actual quantity on the following Month’s 's billing, or as soon thereafter as actual information is available. Counterparty Each Party shall remit the invoiced amount on the later of (a) the twenty-fifth (25th 25th) day of the Month after delivery or (b) ten (10) days after the invoice date. If the amount of an invoice is disputed in good faith, the Counterparty shall Party will pay the undisputed portion. Interest on late payments of undisputed amounts shall accrue at the rate of the then effective prime rate of interest published under “"Money Rate” " by the Wall Street Journal, plus two percent (2%) per annum from the due date until the date of payment. Payment shall be in immediately available funds to the bank accounts set forth in this Agreement. The Parties agree to discharge mutual debts and payment obligations due and owing to each other whether arising under this Agreement or any other agreement, but limited to natural gas transactions only, between the Parties through netting. Therefore, all amounts owed by one Party to the other Party during any given month arising from natural gas transactions shall will be netted against the amount owed by the other Party under such transactions. The Party owing the greater amount shall pay the difference to the other Party and notify the other Party of the amount netted using the invoice and payment procedures described herein.