Common use of Payment terms and supplementary provisions Clause in Contracts

Payment terms and supplementary provisions. 7.1.1 The aggregate of any and all sums for which each party is liable under this Schedule in relation to Planned Services which were Planned to depart from their point of origin during a Period shall be set off against each other and the balance, if any, shall be invoiced by Network Rail to the Train Operator or, as the case may be, shall be the subject of a credit note issued by Network Rail to the Train Operator within 14 days after the end of the Period and shall be payable within 28 days after the end of the Period.

Payment terms and supplementary provisions. 7.1.1 The aggregate of any and all sums for which each party is liable under this Schedule in relation to Planned Services which were Planned to depart from their point of origin during a Period shall be set off against each other and the balance, if any, shall be invoiced by Network Rail the CVL IM to the Train Operator or, as the case may be, shall be the subject of a credit note issued by Network Rail the CVL IM to the Train Operator within 14 days after the end of the Period and shall be payable within 28 days after the end of the Period.