Common use of Quarterly and Annual Reconciliation Clause in Contracts

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;

Appears in 2 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement

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Quarterly and Annual Reconciliation. 8.6.1 The Parties acknowledge that all payments made against any Bill Xxxx 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;

Appears in 2 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement

Quarterly and Annual Reconciliation. 8.6.1 8.7.1 The Parties acknowledge that all payments made against any Bill Monthly Bills, Provisional Bills and Supplementary Bills shall be subject to quarterly reconciliation at the beginning of the following quarter of the each Contract Year and annual reconciliation at the end of the each Contract Year to take into account REA, Tariff adjustment payments, Tariff Rebate, Late Payment Surcharge, or any other reasonable circumstance provided under the this Agreement;.

Appears in 2 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement

Quarterly and Annual Reconciliation. 8.6.1 10.6.1 The Parties acknowledge that all payments made against any Bill Monthly Bills and Supplementary Bills shall be subject to quarterly reconciliation at the beginning of the following quarter of the each Contract Year and annual reconciliation at the end of the each Contract Year to take into account the Energy Accounts, Tariff adjustment payments, Tariff Rebate, Late Payment Surcharge, or any other reasonable circumstance provided under the this Agreement;.

Appears in 1 contract

Samples: Power Purchase Agreement

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Quarterly and Annual Reconciliation. 8.6.1 The 10.14.1 Parties acknowledge that all payments made against any Bill Monthly Bill(s) and Supplementary Bill(s) shall be subject to quarterly reconciliation at the beginning of the following quarter of the each Contract Year and annual reconciliation at the end of the 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 provided under as may be mutually agreed between the Agreement;Parties.

Appears in 1 contract

Samples: Implementation and Service Agreement

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

Appears in 1 contract

Samples: Transmission Service Agreement

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