Late Payment Surcharge definition

Late Payment Surcharge shall have the meaning ascribed thereto in Article 10.3.3 of this Agreement;

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Late Payment Surcharge means the charges payable by a distribution company to a generating company or electricity trader for power procured from it, or by a user of a transmission system to a transmission licensee on account of delay in payment of monthly charges beyond the due date;

Late Payment Surcharge shall have the meaning ascribed thereto in Article 10. 1.7 of this Agreement; Law" shall mean in relation to this Agreement, all laws including Electricity Laws in force in India and any statute, ordinance, regulation, notification or code, rule, or any interpretation of any of them by an Indian Governmental Instrumentality and having force of law and shall further include without limitation all applicable rules, regulations, orders, notifications by an Indian Governmental Instrumentality pursuant to or under any of them and shall include without limitation all rules, regulations, decisions and orders of the GERC; “Letter of Credit” or “LC” shall have the meaning ascribed thereto in Article 10.1.10 of this Agreement;

Examples of Late Payment Surcharge in a sentence

Late Payment Surcharge/ interest shall be payable in such a case from the date on which such payment had been made to the invoicing Party or the date on which any payment was originally due, as may be applicable.
Late Payment Surcharge shall be claimed by the SPD through its subsequent Invoice.
No Late Payment Surcharge will be applicable other than that on the monthly energy payment and associated debit and credit note.
The Late Payment Surcharge shall be in accordance with the Electricity (Late Payment Surcharge and Related Matters) Rules, 2022 notified by MoP on 3rd June, 2022 and amendments thereof issued thereof issued from time to time.
In the event of delay in payment of a Monthly Bill by SJVN beyond the Due Date, a Late Payment Surcharge shall be payable by SJVN to the SPD on the outstanding payment,at the base rate of Late Payment Surcharge applicable for the period for the first month of default.

More Definitions of Late Payment Surcharge

Late Payment Surcharge means the charges payable by MSEDCL to the SPV on account of delay in payment of any Monthly Bill beyond the Due Date of Payment.

Late Payment Surcharge shall have the meaning ascribed thereto in Article 7.5.1 of this PPA;

Late Payment Surcharge shall have the meaning ascribed thereto in clause 11.3.4.

Late Payment Surcharge shall have the meaning ascribed thereto in Article

Late Payment Surcharge means the charge on all amounts not paid by the Customer by the Due Date as described in clause 6.

Late Payment Surcharge shall have Agreement; the meaning ascribed thereto in Article 10.3.3 of this "Law" shall mean in relation to this Agreement, all laws including Electricity Laws in force in India and any statute, ordinance, regulation, notification or code, rule, or any interpretation of any of them by an Indian Government Instrumentality and having force of law and shall further include without limitation all applicable rules, regulations, orders, notifications by an Indian Governmental Instrumentality pursuant to or under any of them and shall include without limitation all rules, regulations, decisions and orders of the Appropriate Commission;

Late Payment Surcharge has the meaning ascribed to it in Article 23.10(a).