Common use of Quarterly and Annual Reconciliation Clause in Contracts

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.

Appears in 7 contracts

Samples: Transmission Service Agreement, Draft Transmission Service Agreement, Transmission Service Agreement

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Quarterly and Annual Reconciliation. 10.13.1 8.6.1 The Parties acknowledge that all payments made against Monthly Xxxx(s) and Supplementary Xxxx(s) any Xxxx shall be subject to quarterly reconciliation at the beginning of the following quarter of each the Contract Year and annual reconciliation at the end of each the 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 provided under the Parties.Agreement;

Appears in 2 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement

Quarterly and Annual Reconciliation. 10.13.1 10.14.1 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.

Appears in 1 contract

Samples: Implementation and Service Agreement

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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.Year

Appears in 1 contract

Samples: Transmission Service Agreement

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