Common use of Time and Method of Payments Clause in Contracts

Time and Method of Payments. The District shall send the Company a detailed monthly statement of charges due for all Company Water delivered to the Delivery Point during the preceding month as measured by the Agency meters, which shall be read on a monthly basis, and all Operating Reserve Water and Drought Reserve Water used to satisfy the Water Availability Guarantee, The Company shall not be billed for Excess Water that goes into the Reserve Account. The Company shall pay to the District all undisputed portions of statements, within forty-five

Appears in 9 contracts

Samples: Water Purchase Agreement, Purchase Agreement, Water Purchase Agreement

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