Common use of Wash-Ups Clause in Contracts

Wash-Ups. Where complete and accurate information (including, without limitation, consumption information or adjusted reconciliation information (as applicable to the pricing methodology)) is received by the Distributor after the period provided for in clause 11.1, or corrected consumption information and/or reconciliation information to replace the earlier information used for invoicing is provided, the Distributor will provide an invoice or credit note (as the case may be) for the wash-up amount for settlement plus a Use of Money Adjustment (as set out in Schedule 12). The settlement date for the wash-up amount will be the 20th day of the month after the date of the invoice, or credit note (as the case may be).

Appears in 2 contracts

Sources: Use of System Agreement, Use of System Agreement