Netting and Payment. The amounts that each party owes to the other as determined under Section 12.2 for electricity and Gas under this Agreement for each month shall be aggregated and the party, if any, owing the greater aggregate amount shall pay to the other party the difference between the amounts owed. Unless otherwise agreed between the parties, payments shall be made by wire transfer or other agreed manner. Payment is due by the 25th calendar day of each month for the prior month. Any late payments will accrue interest at the Prime Rate plus 1.5%. US dollars shall be converted to Canadian dollars using the applicable Bank of Canada Daily Exchange Rate for each day of the month during which the applicable payment obligations were incurred.
Netting and Payment. If each Party is required to pay the other an amount in the same month pursuant to this Agreement or any of the Ancillary Agreements, then the Party owing the greater aggregate amount will pay to the other Party the difference between the amounts owed; provided, however, such netting requirement shall not apply to Regulatory Charges, indemnification payments, liquidated damages and other amounts due outside of the normal course of performance under the Agreement. Payment of all undisputed amounts owed shall be due on the same date as the monthly PJM settlement date, which is currently the first Business Day following the 19th calendar day of the month (“Monthly Payment Date”). If either the invoice due date or Monthly Payment Date is not a Business Day, then such invoice or payment shall be provided on the next following Business Day. Each Party will make payments by electronic funds transfer, or by other mutually agreeable method(s), to an account designated by the other Party. Any undisputed amounts not paid by any Party by the applicable Monthly Payment Date will be deemed delinquent and will accrue interest at the Interest Rate, such interest to be calculated from and including the first day after the applicable Monthly Payment Date to, but excluding, the date the delinquent amount is paid in full. Notwithstanding anything herein to the contrary, in the event Seller fails to post adequate amounts of Collateral as required hereunder, Buyer may withhold payments to be made to Seller pursuant to Section 6.1 in the amount of such deficiency or terminate the Agreement pursuant to Sections 12.1(a) and 12.2.
Netting and Payment. (i) If the aggregate amount by which the Purchase Price is required to be increased pursuant to Sections 2.4(a)(i), 2.4(b)(i), 2.4(c)(ii) and 2.4(d)(ii) is greater than the aggregate amount by which the Purchase Price is required to be decreased pursuant to Sections 2.4(a)(ii), 2.4(b)(ii), 2.4(c)(i) and 2.4(d)(i) then Buyer shall pay to Sellers in accordance with their Percentage Interests by wire transfer of immediately available funds a dollar amount equal to the amount of such aggregate excess; and
Netting and Payment. The Parties net payment obligations incurred hereunder (whether such amounts are due for the current month or otherwise), so that any amounts owed by each Party to the other Party under this Agreement will be setoff and that only the excess amount will be paid by the Party who owes it.
Netting and Payment. (i) If the aggregate amount by which the Purchase Price is required to be increased pursuant to Sections 2.4(a)(i), 2.4(b)(i), 2.4(c)(ii) and 2.4(d)(ii) is equal to or greater than the aggregate amount by which the Purchase Price is required to be decreased pursuant to Sections 2.4(a)(ii), 2.4(b)(ii), 2.4(c)(i) and 2.4(d)(i), then (A) Buyer shall pay to Seller by wire transfer of immediately available funds a dollar amount equal to the amount of such net excess (if any) and (B) Buyer and the Seller shall execute and deliver joint written instructions to the Escrow Agent instructing the Escrow Agent to release the then existing Adjustment Escrow Funds to the Seller; and
Netting and Payment. The Parties shall aggregate and net any amounts required to be paid pursuant to Sections 2.5(a), 2.5(b) and 2.5(c); provided, however, that, for the avoidance of doubt, if (i) the aggregate amount that Buyer is required to pay to Vectron or the Designated Seller pursuant to Sections 2.5(a)(i), 2.5(b)(i) and 2.5(c)(i) is equal to (ii) the aggregate amount that Parent and Vectron are required to pay or cause to
Netting and Payment. The amounts that each party owes to the other for electricity and Gas under this Agreement for each month shall be aggregated and the party, if any, owing the greater aggregate amount shall pay to the other party the difference between the amounts owed. Unless otherwise agreed between the parties, payments shall be due on or before the 25th day of the month, or if such day is not a business day, the immediately following business day, and shall be made by wire transfer or other agreed manner. Unless otherwise agreed between the parties, overdue payments shall accrue interest frol11, and including, the due date to, but excluding, the date of payment at the Prime Rate plus 2%. US dollars shall be converted to Canadian dollars llsing the Bank of Montreal, Toronto, monthly average noon-rate of the month during which the payment obligations were incurred.
Netting and Payment. (i) If the aggregate amount by which the Buyer is required to make payments to the Sellers pursuant to Sections 2.4(a)(i), 2.4(b)(i), 2.4(c)(i) and 2.4(d)(i) is greater than the aggregate amount by which the Buyer is entitled to receive from the Adjustment Escrow pursuant to Sections 2.4(a)(ii), 2.4(b)(ii), 2.4(c)(ii) and 2.4(d)(ii), then the Stockholder Representative shall provide the Buyer with the Consideration Allocation Schedule and, within five (5) Business Days upon receipt of such schedule (A), Buyer shall pay to Sellers in accordance with their Aggregate Percentage Interests provided in such Consideration Allocation Schedule by wire transfer of immediately available funds a dollar amount equal to the amount of such aggregate excess and (B) Buyer and the Stockholder Representative shall cause the Escrow Agent to release to the Sellers in accordance with the Consideration Allocation Schedule the full amount of the Adjustment Escrow; and
