Payment and Netting Sample Clauses

Payment and Netting. 9.5.1 On each Invoice Day, MSCG shall net the following amounts:
Payment and Netting. Nine.1Billing and Payment . On or before the fifteenth (15th) calendar day following each Contract Month:
Payment and Netting. Amend Article Six as follows: Section 6.3 is amended to read as follows: “6.3
Payment and Netting. 9.1 On each Payment Date, MSCG shall net the following amounts:
Payment and Netting. Billing and Payment . On or before the fifteenth (15th) calendar day following each Contract Month: Seller shall invoice Buyer, in arrears, for all amounts due from Buyer to Seller under this Agreement, including, as applicable: the Monthly Payment, if positive, and other compensatory adjustments required by this Agreement, including adjustments for Governmental Charges; and if applicable, Buyer shall invoice Seller, in arrears, for any amounts due from Seller to Buyer under this Agreement, including the Monthly Payment, if negative. Netting . If each Party is required to pay the other an amount in the same month pursuant to this Agreement, then the Party owing the greater aggregate amount will pay to the other Party the difference between the amounts owed. Buyer is expressly authorized to set off from any of its payments hereunder an amount owed by Seller to Buyer in accordance with this Agreement. Payment . Payment of all undisputed amounts owed shall be due by the later of the twenty-fifth (25th) day of the month or ten (10) calendar days after receipt of invoice (“Monthly Payment Date”). If the 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 the account designated by the other Party. Any undisputed amounts not paid by the Monthly Payment Date will be deemed delinquent and will accrue interest at the Interest Rate, such interest to be calculated from and including the Monthly Payment Date to but excluding the date the delinquent amount is paid in full. Disputes and Adjustments of Invoices . In the event an invoice or portion thereof or any other claim or adjustments arising hereunder, is disputed, payment of the undisputed portion of the invoice shall be required to be made when due, with Notice of the objection given to the other Party. Any invoice dispute or invoice adjustment shall be in writing and shall state the basis for the dispute or adjustment. Payment of the disputed amount shall not be required until the dispute is resolved. The Parties agree to use good faith efforts to resolve the dispute or identify the adjustment as soon as possible in accordance with the provisions of Article Eighteen (Dispute Resolution). Upon resolution of the dispute or calculation of the adjustment, any required payment shall be made within fifteen (15) calendar days of such resolution...
Payment and Netting. 1. The Article Six heading is amended to delete the words “and Netting”.
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Payment and Netting. In accordance with Section 6.1 of the EEI Master Agreement, Seller shall invoice Buyer for Gas delivered and received in the preceding calendar month and for any other applicable charges, providing supporting documentation acceptable in industry practice to support the amount charged. If the actual quantity delivered is not known by the billing date, the invoice will be prepared based on the Scheduled Gas Quantity. The invoiced quantity will then be adjusted to the actual quantity on the following calendar month’s invoice or as soon thereafter as actual delivery information is available. Any dispute or adjustment of invoices shall be addressed in accordance with Section 6.3 of the EEI Master Agreement.
Payment and Netting. Article Six is deleted in its entirety and replaced with the following.
Payment and Netting. Section 6.1, the first sentence, shall be amended by deleting the words “and, if ‘Accelerated Payment of Damages’ is specified by the Parties in the Cover Sheet, payments pursuant to Section 4.1 or 4.2 and Option premium payments pursuant to Section 6.7” from the sentence.
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