Statements; Payment. On or before the tenth (10th) Day of each Month, Buyer shall furnish to Seller a statement showing the total volume of Gas delivered during the preceding Month. By the fifteenth (15th) Day of the Month following the Month of deliveries, Seller shall give Buyer an invoice showing the Annual Base Price (or Limited Annual Base Price, if applicable) for Gas, Taxes, and Excess Royalty Payments. Buyer shall make payment to Seller on or before the twenty-fifth (25th) Day of each Month for all Gas delivered during the preceding Month according to the measurements, computations, and prices herein provided. Payments are to be made by wire transfer of immediately available Federal Reserve funds to the following account: Marathon Oil Company National City Bank Cleveland, Ohio Account of Marathon oil Company Account No. 0000000
Statements; Payment. Following the Commercial Operation Date, the Seller shall submit a statement to the Purchaser on or before the 15th day of each month showing the Metered Output delivered to the Purchaser at the Delivery Point in the prior month, the total amount due for electricity and SRECs pursuant to Sections 8.1and 8.2, and, in the statement for the last month of an Operating Year, any Purchaser Make-Up Amount payable with respect to such Operating Year. If any Purchaser Make-Up Amount is payable with respect to such prior month, such amount will be netted against the amount payable to the Seller. Each statement shall be accompanied by supporting documentation and calculations reasonably acceptable to the Purchaser. The Purchaser shall pay all undisputed amounts within 30 days after receipt of the related statement.
Statements; Payment. CM will submit invoices to City monthly. City has the right to withhold from any progress payment or final payment an amount necessary to protect City, as determined in the City’s sole discretion, under the following circumstances: (1) defective work not remedied by CM or a Contractor; (2) claims filed against the Project or reasonable evidence indicating the probable filing of claims; (3) failure of CM to make timely payment to a Contractor for material and/or labor; or (4) a reasonable doubt that the Project can be completed for the balance of the total Project costs then unpaid.
Statements; Payment
