Quarterly and Annual Reconciliation. 10.6.1 The Parties acknowledge that all payments made against Monthly Bills and Supplementary Bills shall be subject to quarterly reconciliation within 30 days of the end of the quarter at the beginning of the following quarter of each Contract Year and annual reconciliation at the end of each Contract Year within 30 days to take into account the Energy Accounts, Tariff adjustment payments, Tariff Rebate, Late Payment Surcharge, or any other reasonable circumstance provided under this Agreement.
Quarterly and Annual Reconciliation. 2.10.1 The Parties acknowledge that all payments made against Monthly Bills shall be subject to quarterly reconciliation and adjustment, if any, within thirty (30) days of the end of the quarter of each Contract Year and annual reconciliation and adjustment, if any, at the end of each Contract Year within thirty (30) days thereof to take into account the Energy Accounts, Tariff adjustment payments, Tariff Rebate, Late Payment Surcharge, or any other reasonable circumstance provided under this Agreement. Late Payment Surcharge shall not be applicable on SECI from commencement of supply to commissioning of the cumulative awarded capacity/accepted cumulative capacity by SECI.
Quarterly and Annual Reconciliation. 10.13.1 Parties acknowledge that all payments made against Monthly Xxxx(s) and Supplementary Xxxx(s) shall be subject to quarterly reconciliation at the beginning of the following quarter of each Contract Year and annual reconciliation at the end of each Contract Year to take into account Regional Energy Account, adjustments in Transmission Charges payments, Rebates, Late Payment Surcharge, Incentive, Penalty, or any other reasonable circumstance as may be mutually agreed between the Parties.
Quarterly and Annual Reconciliation. Parties acknowledge that all payments made against Weekly Bills, Provisional Bxxx and Supplementary Bills shall be subject to quarterly reconciliation at the beginning of the following quarter of each Contract Year and annual reconciliation at the end of each Contract Year to take into account Tariff Adjustment Payments, Late Payment Surcharge, or any other reasonable circumstance provided under this Agreement. The Parties, therefore, agree that as soon as all such data in respect of any quarter of a Contract Year or a full Contract Year as the case may be has been finally verified and adjusted, the Corporation and First Party shall jointly sign such reconciliation statement. Within fifteen (15) days of signing of a reconciliation statement, the Corporation or First Party, as the case may be, shall raise a Supplementary Bxxx for the Tariff Adjustment Payments for the relevant quarter/ Contract Year and shall make payment of such Supplementary Bxxx for the Tariff Adjustment Payments for the relevant quarter/Contract Year. Late Payment Surcharge shall be payable in such case from the date on which such payment had been made to the invoicing Party or the date on which any payment was originally due, as may be applicable. Any dispute with regard to the above reconciliation shall be dealt with in accordance with the provisions of Article 21. Initials: __________ Initials: __________ Strictly Confidential Property of BioCrude Technologies, Inc. MSW, Land & Treated Sewage Effluent Concession Agreements
Quarterly and Annual Reconciliation. 8.6.1 The Parties acknowledge that all payments made against any Bill shall be subject to quarterly reconciliation at the beginning of the following quarter of the Contract Year and annual reconciliation at the end of the Contract Year to take into account any reasonable circumstance provided under the Agreement;
Quarterly and Annual Reconciliation. The parties acknowledge that all payments made against the Invoices shall be subject to quarterly reconciliation within ninety (90) Business Days of the end of the quarter of each Contract Year and annual reconciliation within 90 (ninety) Business Days of the end of each Contract Year. The parties, therefore, agree that as soon as all such data in respect of any quarter of a Contract Year or a full Contract Year as the case may be has been finally verified and adjusted, the BPDB and the Company shall jointly sign such reconciliation statement. Provided that the joint signing of such reconciliation statement shall be conducted in India and Bangladesh on alternate basis or as mutually agreed between the Parties. After signing of a reconciliation statement, the Company shall make appropriate adjustments in the following Invoice, with interest, as applicable. Interest shall be payable in such a case from the date on which such payment had been made to the invoicing party or the date on which any payment was originally due, as may be applicable. Any Dispute with regard to the above reconciliation shall be dealt with in accordance with the provisions mentioned above.
Quarterly and Annual Reconciliation. 10.8 Payment of Supplementary Xxxx ...................................................................................................................... ARTICLE 11: FORCE MAJEURE 40 11.1 Definitions ......................................................................................................................................................
Quarterly and Annual Reconciliation. 10.6.1 The Parties acknowledge that all payments made against Monthly Bills and Supplementary Bills shall be subject to quarterly reconciliation within 30 days of the end of the quarter at the beginning of the following quarter of each Contract Year and annual reconciliation at the end of each Contract Year within 30 days to take into account the Energy Accounts, Tariff adjustment payments, Tariff Rebate, Late Payment Surcharge, or any other reasonable circumstance provided under this Agreement. The Parties acknowledge that the SPD shall produce a certificate from the SPPD at the end of each Contract Year towards payments made by SPD to SPPD towards annual O&M charges of Solar Park facilities.
Quarterly and Annual Reconciliation. 10.6.1 The Parties acknowledge that all payments made against Monthly Bills and Supplementary Bills shall be subject to quarterly reconciliation within 30 days of the end of the quarter at the beginning of the following quarter of each Contract Year and annual reconciliation at the end of each Contract Year within 30 days to take into account the Energy Accounts, Tariff adjustment payments, Tariff Rebate, Late Payment Surcharge, or any other reasonable circumstance provided under this Agreement. The Parties, therefore, agree that as soon as all such data in respect of any quarter of a Contract Year or a full Contract Year as the case may be has been finally verified and adjusted, the BESSD and GUVNL shall jointly prepare such reconciliation statement. Within fifteen (15) days of signing of a reconciliation statement, the BESSD shall make appropriate adjustments in the next Monthly Bill. Late PaymentSurcharge/ interest shall be payable in such a case from the date on which such payment had been made to the invoicing Party or the date on which any payment was originally due, as may be applicable. Any Dispute with regard to the above reconciliation shall be dealt with in accordance with the provisions of Article 16.
Quarterly and Annual Reconciliation. 10.13.1 Parties acknowledge that all payments made against Monthly Xxxx(s) and Supplementary Xxxx(s) shall be subject to quarterly reconciliation at the beginning of the following quarter of each Contract Year and annual reconciliation at the end of each Contract Year to take into account Regional Energy Account, adjustments in Transmission Charges payments, Rebates, Late Payment Surcharge, Incentive, Penalty, or any other Assam Power Distribution Company Limited Meghalaya Energy Corporation Limited Tripura State Electricity Corporation Limited Department of Power, Arunachal Pradesh Manipur State Power Distribution Company Limited Department of Power, Nagaland Power & Electricity Department, Mizoram HVDC BNC, Powergrid SPV [Which is under Incorporation] reasonable circumstance as may be mutually agreed between the Parties.
