Common use of Netting of Payments Clause in Contracts

Netting of Payments. The Parties hereby agree that they shall discharge mutual debts and payment obligations due and owing to each other on the same date through netting, in which case all amounts owed by each Party to the other Party for the purchase and sale of Product during the monthly billing period under this Agreement, including any related damages calculated pursuant to Section 3.1(h), interest, and payments or credits, shall be netted so that only the excess amount remaining due shall be paid by the Party who owes it. LIMITATIONS

Appears in 8 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement

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Netting of Payments. The Parties hereby agree that they shall discharge mutual debts and payment obligations due and owing to each other on the same date through netting, in which case all amounts owed by each Party to the other Party for the purchase and sale of Product during the monthly billing period under this Agreement, including any related damages calculated pursuant to Section 3.1(h), interest, and payments or credits, shall be netted so that only the excess amount remaining due shall be paid by the Party who owes it. LIMITATIONS.

Appears in 6 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement

Netting of Payments. The Parties hereby agree that they shall discharge mutual debts and payment obligations due and owing to each other on the same date through netting, in which case all amounts owed by each Party to the other Party for the purchase and sale of Product during the monthly billing period under this Agreement or otherwise arising out of this Agreement, including any related damages calculated pursuant to Section 3.1(h)Exhibits B and P, interest, and payments or credits, shall be netted so that only the excess amount remaining due shall be paid by the Party who owes it. LIMITATIONS.

Appears in 5 contracts

Samples: Renewable Power Purchase Agreement, Storage Service Agreement, Energy Storage Agreement

Netting of Payments. The Parties hereby agree that they shall discharge mutual debts and payment obligations due and owing to each other on the same date through netting, in which case all amounts owed by each Party to the other Party for the purchase and sale of Product during the monthly billing period under this Agreement or otherwise arising out of this Agreement, including any related damages calculated pursuant to Section 3.1(h)Exhibit B, interest, and payments or credits, shall be netted so that only the excess amount remaining due shall be paid by the Party who owes it. LIMITATIONS.

Appears in 4 contracts

Samples: Renewable Power Purchase Agreement, Renewable Power Purchase Agreement, Renewable Power Purchase Agreement

Netting of Payments. The Parties hereby agree that they shall discharge mutual debts and payment obligations due and owing to each other on the same date pursuant to all transactions applicable to this Agreement through netting, in which case all amounts owed by each Party to the other Party for the purchase and sale of Product products during the monthly billing period under this Agreement, including any related damages calculated pursuant to Section 3.1(h), interest, and payments or credits, shall be netted so that only the excess amount remaining due shall be paid by the Party who owes it. LIMITATIONS.

Appears in 4 contracts

Samples: Reliability Support Services Agreement, Support Services Agreement, Agreement

Netting of Payments. The Parties hereby agree that they shall discharge mutual debts and payment obligations due and owing to each other on the same date through netting, in which case all amounts owed by each one Party to the other Party for the purchase and sale of Product during the monthly billing period under this Agreement, including any related damages calculated pursuant to Article 5 (unless one of the Parties elects to accelerate payment of such amounts as permitted by Section 3.1(h5.2.1), interest, and payments or credits, shall be netted so that only the excess amount remaining due shall be paid by the Party who owes it. LIMITATIONS.

Appears in 3 contracts

Samples: Wholesale Renewable Power and Storage Capacity Purchase Agreement, Wholesale Renewable Power Purchase Agreement, Wholesale Renewable Power Purchase Agreement

Netting of Payments. The Parties hereby agree that they shall discharge mutual debts and payment obligations due and owing to each other on the same date through netting, in which case all amounts owed by each Party to the other Party for the purchase and sale of Product during the monthly billing period under this Agreement, including any related damages calculated pursuant to Section 3.1(h), interest, and payments or credits, shall be netted so that only the excess amount remaining due shall be paid by the Party who owes it. LIMITATIONSit.‌

Appears in 3 contracts

Samples: Consent and Agreement, Consent and Agreement, Consent and Agreement

Netting of Payments. The Parties hereby agree that they shall discharge mutual debts and payment obligations due and owing to each other on the same date through netting, in which case all amounts owed by each Party to the other Party for the purchase and sale of Product during the monthly billing period under this Agreement, including any related damages calculated pursuant to Section 3.1(h), interest, and payments or credits, Agreement shall be netted so that only the excess amount remaining due shall be paid by the Party who owes it. LIMITATIONSIf no mutual debts or payment obligations exist and only one Party owes a debt or obligation to the other during the monthly billing period, that Party shall pay such sum in full when due.

Appears in 3 contracts

Samples: Demand Response Purchase Agreement, Demand Response Purchase Agreement, Demand Response Purchase Agreement

Netting of Payments. The Parties hereby agree that they shall discharge mutual debts and payment obligations due and owing to each other on the same date through netting, in which case all amounts owed by each one Party to the other Party for the purchase and sale of Product during the monthly billing period under this Agreement, including any related damages calculated pursuant to ARTICLE 5 (unless one of the Parties elects to accelerate payment of such amounts as permitted by Section 3.1(h5.2.1), interest, and payments or credits, shall be netted so that only the excess amount remaining due shall be paid by the Party who owes it. LIMITATIONS.

Appears in 3 contracts

Samples: Wholesale Renewable Power Purchase Agreement, Wholesale Renewable Power Purchase Agreement, Wholesale Renewable Power Purchase Agreement

Netting of Payments. The Parties hereby agree that they shall discharge mutual debts and payment obligations due and owing to each other on the same date through netting, in which case all amounts owed by each Party to the other Party for the purchase and sale of Product during the monthly billing period under this Agreement, including any related damages calculated pursuant to Section 3.1(h), interest, and payments or credits, Contract Capacity shall be netted so that only the excess amount remaining due shall be paid by the Party who owes it. LIMITATIONSowing Party.

Appears in 3 contracts

Samples: Delivery Agreement (Comverge, Inc.), Delivery Agreement (Comverge, Inc.), Delivery Agreement (Comverge, Inc.)

Netting of Payments. The Parties hereby agree that they shall discharge mutual debts and payment obligations due and owing to each other on under this Agreement, as of the same date through nettingMonthly Settlement Date, in which case such that all amounts owed by each Party to the other Party for the purchase and sale of Product during the monthly billing period under this Agreement, including any related damages calculated pursuant to Section 3.1(h), interest, and payments or credits, shall be netted so that only the excess reflected in a single amount remaining due shall to be paid by the Party who owes it. LIMITATIONSit and received by the other Party, provided that the calculation of the net amount shall not include any disputed amounts being withheld pursuant to Section 7.5 (Billing Disputes and Adjustment of Invoices).

Appears in 3 contracts

Samples: Default Supply Master Agreement, Default Supply Master Agreement, Default Supply Master Agreement

Netting of Payments. The Parties hereby agree that they shall discharge mutual debts and payment obligations due and owing to each other on the same date through netting, in which case all amounts owed by each Party to the other Party for the purchase and sale of Product during the monthly billing period under this Agreement, including any related damages calculated pursuant to Section 3.1(h)Exhibits B and F, interest, and payments or credits, shall be netted so that only the excess amount remaining due shall be paid by the Party who owes it. LIMITATIONS.

Appears in 2 contracts

Samples: Power Purchase and Sale Agreement, Power Purchase and Sale Agreement

Netting of Payments. The Parties hereby agree that they shall discharge mutual debts and payment obligations due and owing to each other on the same date pursuant to the Panoche Transaction through netting, in which case all amounts owed by each Party to the other Party for the purchase and sale of Product Products during the monthly billing period under this Agreement, including any related damages calculated Master Agreement pursuant to Section 3.1(h)the Panoche Transaction, interest, and payments or credits, shall be netted so that only the excess amount remaining due shall be paid by the Party who owes it. LIMITATIONS.

Appears in 2 contracts

Samples: Master Agreement, Master Power Purchase and Sale Agreement

Netting of Payments. The Parties hereby agree that they shall discharge mutual debts and payment obligations due and owing to each other on the same date through netting, in which case all amounts owed by each Party to the other Party for the purchase and sale of Product during the monthly billing period under this Agreement or otherwise arising out of this Agreement, including any related damages calculated pursuant to Section 3.1(h)Exhibits B and F, interest, and payments or credits, shall be netted so that only the excess amount remaining due shall be paid by the Party who owes it. LIMITATIONS.

Appears in 2 contracts

Samples: Power Purchase and Sale Agreement, Power Purchase and Sale Agreement

Netting of Payments. The Parties hereby agree that they shall discharge mutual debts and payment obligations due and owing to each other on the same date through netting, in which case all amounts owed by each Party to the other Party for the purchase and sale of Product during the monthly billing period under this Agreement, including any related damages calculated pursuant to Section 3.1(h), interest, and payments or credits, Agreement shall be netted so that only the excess amount remaining due shall be paid by the Party who owes it. LIMITATIONS.

Appears in 2 contracts

Samples: Demand Response Purchase Agreement (Comverge, Inc.), Demand Response Purchase Agreement (Comverge, Inc.)

Netting of Payments. The Parties hereby agree that they shall discharge mutual debts and payment obligations due and owing to each other on the same date under this Agreement through netting, in which case all amounts owed by each Party to the other Party for the purchase and sale of Product Products during the monthly billing period under this Agreement, including any related damages calculated pursuant to Section 3.1(h)Article Five, interest, and payments or credits, shall be netted so that only the excess amount remaining due shall be paid by the Party who owes it. LIMITATIONS.

Appears in 2 contracts

Samples: Host Agreement (Delta Energy Center, LLC), Sale and Power Purchase Agreement (Delta Energy Center, LLC)

Netting of Payments. The Parties hereby agree that they shall discharge undisputed mutual debts and payment obligations due and owing to each other on the same date through netting, in which case all amounts owed by each Party to the other Party for the purchase and sale of Product during the monthly billing period under this Agreement or otherwise arising out of this Agreement, including any related damages calculated pursuant to Section 3.1(h)3.7(d) or Exhibit B, interest, and payments or credits, shall be netted so that only the excess amount remaining due after netting any such undisputed amount shall be paid by the Party who owes it. LIMITATIONSit.‌

Appears in 2 contracts

Samples: Renewable Power Purchase Agreement, Renewable Power Purchase Agreement

Netting of Payments. The Parties hereby agree that they shall discharge mutual debts and payment obligations due and owing to each other on the same date pursuant to the Gates Transaction through netting, in which case all amounts owed by each Party to the other Party for the purchase and sale of Product Products during the monthly billing period under this Agreement, including any related damages calculated Master Agreement pursuant to Section 3.1(h)the Gates Transaction, interest, and payments or credits, shall be netted so that only the excess amount remaining due shall be paid by the Party who owes it. LIMITATIONS.

Appears in 2 contracts

Samples: Master Power Purchase and Sale Agreement, Master Agreement

Netting of Payments. The Parties hereby agree that they shall discharge mutual debts and payment obligations due and owing to each other on the same date through netting, in which case all . All amounts owed by each Party to the other Party for the purchase and sale of Product the Output during the monthly billing period under this Agreement, including any related damages calculated pursuant to Section 3.1(h)damages, interest, and payments or credits, shall be netted so that only the excess amount remaining due shall be paid by the Party who owes it. LIMITATIONS.

Appears in 2 contracts

Samples: Renewable Energy Power Purchase Agreement, Renewable Energy Power Purchase Agreement

Netting of Payments. The Parties hereby agree that they shall discharge mutual debts and payment obligations due and owing to each other pursuant to this Agreement on the same date through netting, in which case all amounts owed by each Party to the other Party for the purchase and sale of Product Output during the monthly billing period under this Agreement, including any related damages calculated pursuant to Section 3.1(h)damages, interest, and payments or credits, shall be netted so that only the excess amount remaining due shall be paid by the Party who owes it. LIMITATIONS.

Appears in 2 contracts

Samples: Sample Power Purchase Agreement, Power Purchase Agreement

Netting of Payments. The Parties hereby agree that they shall discharge mutual debts and payment obligations due and owing to each other on the same date through netting, in which case all amounts owed by each Party to the other Party for the purchase and sale of Product during the monthly billing period under this Agreement or otherwise arising out of this Agreement, including any related damages calculated pursuant to Section 3.1(h)Exhibits B and P, interest, and payments or credits, shall be netted so that only the excess amount remaining due shall be paid by the Party who owes it. LIMITATIONS32

Appears in 1 contract

Samples: Storage Service Agreement

Netting of Payments. The Parties hereby agree that they shall discharge mutual debts and payment obligations due and owing to each other on the same date through netting, in which case all amounts owed by each Party to the other Party for the purchase and sale of Product during the monthly billing period under this Agreement or otherwise arising out of this Agreement, including any related damages calculated pursuant to Section 3.1(h)COD Delay Damages and Performance Guarantee Damages, interest, and payments or credits, shall be netted so that only the excess amount remaining due shall be paid by the Party who owes it. LIMITATIONS.

Appears in 1 contract

Samples: Renewable Power Purchase Agreement

Netting of Payments. The Parties hereby agree that they shall discharge mutual debts and payment obligations due and owing to each other on the same date through netting, in which case all amounts owed by each Party to the other Party for the purchase and sale of Product during the monthly billing period under this Agreement, including any related damages calculated pursuant to Section 3.1(h), interest, and payments or credits, shall be netted so that only the excess amount remaining due shall be paid by the Party who owes it. LIMITATIONS.

Appears in 1 contract

Samples: Power Purchase Tolling Agreement

Netting of Payments. The Parties hereby agree that they shall discharge mutual debts and payment obligations due and owing to each other on the same date through netting, in which case all amounts owed by each Party to the other Party for the purchase and sale of Product during the monthly billing period under this Agreement or otherwise arising out of this Agreement, including any related damages calculated pursuant to Section 3.1(h)Exhibits B, C and P, interest, and payments or credits, shall be netted so that only the excess amount remaining due shall be paid by the Party who owes it. LIMITATIONS.

Appears in 1 contract

Samples: Renewable Power Purchase Agreement

Netting of Payments. The Parties hereby agree that they shall discharge mutual debts and payment obligations due and owing to each other on the same date through netting, in which case all amounts owed by each Party to the other Party for the purchase and sale of Product during the monthly billing period under this Agreement, including any related damages calculated pursuant to Section 3.1(h), interest, and payments or credits, Agreement shall be netted so that only the excess amount remaining due shall be paid by the Party who owes it. LIMITATIONS.

Appears in 1 contract

Samples: Energy Storage Agreement

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Netting of Payments. The Parties hereby agree that they shall discharge mutual debts and payment obligations due and owing to each other on the same date through netting, in which case all amounts owed by each Party to the other Party for the purchase and sale of Product during the monthly billing period under this Agreement or otherwise arising out of this Agreement, including any related damages calculated pursuant to Section 3.1(h)Exhibits B and F, interest, and payments or credits, shall be netted so that only the excess amount remaining due shall be paid by the Party who owes it. LIMITATIONSit.‌

Appears in 1 contract

Samples: Power Purchase and Sale Agreement

Netting of Payments. The Parties hereby agree that they shall discharge mutual debts and payment obligations due and owing to each other under this Agreement on the same date through netting, in which case all amounts owed by each any Party to the other another Party for the purchase and sale of Product under this Agreement during the monthly billing period under this Agreement, including any related payments or damages calculated pursuant to Section 3.1(h)Article Four or a Collateral Agreement, interest, and payments or credits, shall be netted so that only the excess amount remaining due shall be paid by the Party who owes owing it. LIMITATIONS.

Appears in 1 contract

Samples: Power Purchase and Sale Agreement (Central Vermont Public Service Corp)

Netting of Payments. The Parties hereby agree that they shall discharge mutual debts and payment obligations due and owing to each other on the same date pursuant to all Transactions through netting, in which case all amounts owed by each Party to the other Party for the purchase and sale of Product energy during the monthly billing period Billing Cycle under this Agreement, including any related damages calculated pursuant to Section 3.1(h)4.3, interest, and payments or credits, shall be netted so that only the excess amount remaining due shall be paid by the Party who owes it. LIMITATIONS.

Appears in 1 contract

Samples: Master Electric Energy Services and Sales Agreement

Netting of Payments. The Parties hereby agree that they shall discharge mutual debts and payment obligations due and owing to each other on the same date through netting, in which case all amounts owed owed. by each Party to the other Party for the purchase and sale of Product during the monthly billing period under this Agreement, including any related damages calculated pursuant to Section 3.1(h), interest, Contract Capacity and payments or creditsContract Energy, shall be netted so that only the excess amount remaining due shall be paid by the Party who owes it. LIMITATIONS.

Appears in 1 contract

Samples: Delivery Agreement (Comverge, Inc.)

Netting of Payments. The Parties hereby agree that they shall discharge mutual debts and payment obligations due and owing to each other on the same date Day through netting, in which case all amounts owed by each Party to the other Party for the purchase and sale of Product during the monthly billing period under this AgreementAgreement or any other agreement between the Parties, including any related damages calculated pursuant to Section 3.1(h)14, interest, and payments or credits, shall be netted so that only the excess amount remaining due shall be paid by the Party who owes it. LIMITATIONS.

Appears in 1 contract

Samples: Agreement for Sale and Purchase

Netting of Payments. The Parties hereby agree that they shall discharge mutual debts and payment obligations due and owing to each other on the same date pursuant to all transactions through netting, in which case all amounts owed by each Party to the other Party for the purchase and sale of Product Products during the monthly billing period under this Confirmation Agreement, including but not limited to any related damages calculated pursuant to Section 3.1(h)Article 5, interest, and payments or credits, shall be netted so that only the excess amount remaining due shall be paid by the Party who owes it. LIMITATIONS.

Appears in 1 contract

Samples: MMC Energy, Inc.

Netting of Payments. The Parties hereby agree that they shall discharge mutual debts and payment obligations due and owing to each other on the same date through netting, in which case all amounts owed by each Party to the other Party for the purchase and sale of Product during the monthly billing period under this Agreement, including any related damages calculated pursuant to Section 3.1(h), interest, and payments or credits, amounts owed hereunder shall be netted so that only the excess amount remaining due shall be paid by the Party who owes it. LIMITATIONSowing Party.

Appears in 1 contract

Samples: Delivered Demand Reduction Agreement (Comverge, Inc.)

Netting of Payments. The Parties hereby agree that they shall discharge mutual debts and payment obligations due and owing to each other on the same date through netting, in which case all amounts owed by each Party to the other Party for the purchase and sale of Product during the monthly billing period under this Agreement or otherwise arising out of this Agreement, including any related damages calculated pursuant to Section 3.1(h)Exhibits B and C, interest, and payments or credits, shall be netted so that only the excess amount remaining due shall be paid by the Party who owes it. LIMITATIONSit.‌

Appears in 1 contract

Samples: Energy Storage Agreement

Netting of Payments. The Parties hereby agree that they shall discharge mutual debts and payment obligations due and owing to each other on the same date through netting, in which case all amounts owed by each Party to the other Party for the purchase and sale of Product during the monthly billing period under this Agreement, including any related damages calculated pursuant to Section 3.1(h)Sections 3.8, interest3.9, and payments or credits, shall be netted so that only the excess amount remaining due shall be paid by the Party who owes it. LIMITATIONSor

Appears in 1 contract

Samples: Resource Adequacy Agreement

Netting of Payments. The Parties hereby agree that they shall discharge mutual debts and payment obligations due and owing to each other on the same date in respect of all Products through netting, in which case all . All amounts owed by each Party to the other Party for the purchase and sale of Product during the monthly billing period under this AgreementParty, including any related damages calculated pursuant to Section 3.1(h)liquidated damages, interest, and payments or creditsCredits, shall be netted so that only the excess amount remaining due net difference between such amounts shall be paid payable by the Party who owes it. LIMITATIONSthe greater amount.

Appears in 1 contract

Samples: Master Agreement

Netting of Payments. The Parties hereby agree that they shall discharge mutual debts and payment obligations due and owing to each other on the same date pursuant to all Transactions through netting, in which case all amounts owed by each Party to the other Party for the purchase and sale of Product Products during the monthly billing period under this Agreement, including any related damages calculated pursuant to Section 3.1(h), interest, and payments or credits, shall be netted so that only the excess amount remaining due shall be paid by the Party who owes it. LIMITATIONS.

Appears in 1 contract

Samples: Power Supply and Service Agreement (TNP Enterprises Inc)

Netting of Payments. The Parties hereby agree that they shall discharge mutual debts and payment obligations due and owing to each other on the same date through netting, in which case all amounts owed by each Party to the other Party for the purchase and sale of Product during the monthly billing period under this Agreement or otherwise arising out of this Agreement, including any related damages calculated pursuant to Section 3.1(h)Exhibits B and FG, interest, and payments or credits, shall be netted so that only the excess amount remaining due shall be paid by the Party who owes it. LIMITATIONS.

Appears in 1 contract

Samples: Renewable Power Purchase Agreement

Netting of Payments. The Parties hereby agree that they shall may discharge mutual debts and payment obligations due and owing to each other under this Agreement on the same date through netting, in which case all amounts owed by each Party to the other Party for the purchase and sale of Product hereunder during the a monthly billing period under this Agreement, including any related damages calculated pursuant to Section 3.1(h), interest, and payments or credits, shall be netted so that only the excess amount remaining due shall be paid by the Party who owes it. LIMITATIONS.

Appears in 1 contract

Samples: Operating Agreement (Enexus Energy CORP)

Netting of Payments. The Parties hereby agree that they shall discharge mutual debts and payment obligations due and owing to each other on the same date through netting, in which case all amounts owed by each Party to the other Party for the purchase and sale of Product during the monthly billing period under this Agreement, including any related damages calculated pursuant to Section 3.1(h), interest, and payments or credits, shall be netted so that only the excess amount remaining due shall be paid by the Party who owes it. LIMITATIONSpur... 9.7

Appears in 1 contract

Samples: Power Purchase and Sale Agreement

Netting of Payments. The Parties hereby agree that they shall discharge mutual debts and payment obligations due and owing to each the other on the same date through netting, in which case all amounts owed by each Party to the other Party for the purchase and sale of Product Output during the monthly billing period under this Agreement, including any related damages calculated pursuant to Section 3.1(h)damages, interest, and payments or credits, shall be netted so that only the excess amount remaining due shall be paid by the Party who owes it. LIMITATIONS.

Appears in 1 contract

Samples: Renewable Energy Power Purchase Agreement

Netting of Payments. The Parties hereby agree that they shall discharge mutual debts and payment obligations due and owing to each other on the same date under this Agreement through netting, in which case all amounts owed by each Party to the other Party for the purchase and sale of Product during the monthly billing period under this Agreement, including any related damages calculated pursuant to Section 3.1(h)damages, interest, and payments or credits, shall be netted so that only the excess amount remaining due shall be paid by the Party who owes it. LIMITATIONS.

Appears in 1 contract

Samples: Unit Power Agreement (Columbus Southern Power Co /Oh/)

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