Other Invoice definition
Examples of Other Invoice in a sentence
Railways / the SPD will not have the right to challenge any Tariff Invoice or Other Invoice, as the case may be, or to bring any legal or administrative action of any kind questioning/modifying a Tariff Invoice or Other Invoice, as the case may be, after a period of three years from the Due Date of the Tariff Invoice or Other Invoice, as the case may be.
In the event the amount is payable by Railways’, it will pay, to the Solar Company, the disputed amount with an interest of SBAR plus 2% for the period it disputed the Tariff Invoice amount or the Other Invoice.
In the event the amount is payable by the Procurer, it shall pay, to the Solar Company, the disputed amount with a simple interest, at a rate equal to the bank rate prevailing as on 1st April of the applicable Contract Year of the Tariff Invoice or Other Invoice, calculated on a daily basis for the period it disputed the Tariff Invoice amount or the Other Invoice.
Any amount due to either Party and payable by the other Party under this Agreement other than the amounts set out in a Tariff Invoice shall be payable within 30 (thirty) days of presentation of a separate invoice (Other Invoice) by either Party.
Provided that if a Party does not dispute a Billing Invoice or the Other Invoice, as the case may be, within ten (10) days of receiving it, such Billing Invoice shall be taken as conclusive against that Party.
In the event a Party (Owing Party) fails to pay amounts due under a Tariff Invoice or Other Invoice, as the case may be, to the other Party (Owed Party) beyond a period of 60 (sixty) days from the date of receipt of the said invoice, the Owing Party shall be liable to pay for the amount paid after the Due Date (Late Payment), a late payment surcharge (Late Payment Surcharge) to the Owed Party at the rate of 1.25% (one point two five percent) per Month.
A Delivery Invoice and an Other Invoice are referred to herein individually as an “Invoice” and all such Delivery Invoices and Other Invoices are referred to herein collectively as “Invoices”.