Common use of Timeliness of Payment Clause in Contracts

Timeliness of Payment. Unless otherwise agreed by the Parties in a transaction contemplated by this Agreement, all invoices under this Agreement shall be due and payable in accordance with each Party’s invoice instructions on or before the later of the last day of each month, or tenth (10th) day after receipt of the invoice or, if such day is not a business day, then on the next business day. Each Party shall make payments by electronic funds transfer, or by other mutually agreeable method(s), to the account designated by the other Party. Any amounts not paid by the due date will be deemed delinquent and will accrue interest at the Interest Rate, such interest to be calculated from and including the due date to but excluding the date the delinquent amount is paid in full.

Appears in 8 contracts

Samples: Reliability Support Services Agreement, Reliability Support Services Agreement, Reliability Support Services Agreement

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Timeliness of Payment. Unless otherwise agreed by the Parties in a transaction contemplated by this AgreementParties, all invoices under this Agreement shall be due and payable in accordance with each Party’s invoice instructions on or before the later of the last twentieth (20th) day of each monthMonth, or the tenth (10th) day after receipt of the invoice or, if such day is not a business dayBusiness Day, then on the next business dayBusiness Day. Each Party shall will make payments by electronic funds transfer, or by other mutually agreeable method(s), to the account designated by the other Party. Any amounts not paid by the due date will be deemed delinquent and will accrue interest at the Interest Rate, such interest to be calculated from and including the due date to but excluding the date the delinquent amount is paid in full.

Appears in 4 contracts

Samples: Wholesale Renewable Power Purchase Agreement, Wholesale Renewable Power Purchase Agreement, Wholesale Renewable Power Purchase Agreement

Timeliness of Payment. Unless otherwise agreed by the Parties in a transaction contemplated by this AgreementParties, all invoices under this Agreement shall be due and payable in accordance with each Party’s invoice instructions on or before the later of the last twentieth (20th) day of each monthMonth, or the tenth (10th) day after receipt of the invoice or, if such day is not a business dayBusiness Day, then on the next business dayBusiness Day. Each Party shall will make payments by electronic funds transfer, or by other mutually agreeable method(s), to the account designated by the other Party. Any amounts not paid by the due date will be deemed delinquent and will accrue interest at the Interest Rate, such interest to be calculated from and including the due date to but excluding the date the delinquent amount is paid in full.full.‌

Appears in 4 contracts

Samples: Wholesale Renewable Power Purchase Agreement, Wholesale Renewable Power Purchase Agreement, Wholesale Renewable Power and Storage Capacity Purchase Agreement

Timeliness of Payment. Unless otherwise agreed by the Parties in a transaction contemplated by this AgreementTransaction, all invoices under this Agreement shall be due and payable in accordance with each Party’s 's invoice instructions on or before the later of the last twentieth (20th) day of each monthMonth, or tenth (10th) day after receipt of the invoice or, if such day is not a business dayBusiness Day, then on the next business dayBusiness Day. Each Party shall will make payments by electronic funds transfer, or by other mutually agreeable method(s), to the account designated by the other Party. Any amounts not paid by the due date will be deemed delinquent and will accrue interest at the Interest Rate, such interest to be calculated from and including the due date to but excluding the date the delinquent amount is paid in full.

Appears in 1 contract

Samples: Power Purchase Agreement

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Timeliness of Payment. Unless otherwise agreed by the Parties in a transaction contemplated by this AgreementParties, all invoices under this Agreement shall be due and payable in accordance with each Party’s invoice instructions on or before the later of the last twentieth (20th) day of each month, or tenth (10th) day after receipt of the invoice or, if such day is not a business dayBusiness Day, then on the next business dayBusiness Day. Each Party shall will make payments by electronic funds transfer, or by other mutually agreeable method(s), to the account designated by the other Party. Any amounts not paid by the due date will be deemed delinquent and will accrue interest at the Interest Rate, such interest to be calculated from and including the due date to but excluding the date the delinquent amount is paid in full.

Appears in 1 contract

Samples: Resource Adequacy Agreement

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