Invoice Due Date definition
Examples of Invoice Due Date in a sentence
If Seller fails to render an invoice by the Invoice Due Date, no payment will be processed for that Quarterly Period.
If the invoice amount is in dispute and such dispute is unresolved within five (5) Business Days following the Invoice Due Date, then the undisputed amount will be paid on or before the last Business Day of the month in which the invoice is rendered or the last Business Day of the following month if the payment is the first payment made under this Agreement.
Payments not received by Invoice Due Date are considered past due.
Customer shall be in default if Customer fails to make payment as required and such failure remains uncured for five (5) calendar days after the Invoice Due Date.
Once payment has occurred, the Surplus RECs that have been paid shall cease to be Surplus RECs. For avoidance of doubt, the first Quarterly Period in a Delivery Year shall be the Quarterly Period from June through August and shall be associated with the Invoice Due Date of the tenth (10th) day of October; and the last Quarterly Period in a Delivery Year shall be the Quarterly Period starting from March through May and shall be associated with the Invoice Due Date of the tenth (10th) day of July.