Payment Cycle definition

Payment Cycle. C: Invoices shall be due on the 10th of and payable on the last day of: March, June, September and December. Upon Energization of a Designated System, the IPA shall designate a Quarterly Payment Cycle to such Designated System and shall indicate such Quarterly Payment Cycle in Schedule B to the Product Order applicable to such Designated System. The IPA shall endeavor, on a commercially reasonable efforts basis, to designate for each Designated System a Quarterly Payment Cycle that includes a Quarterly Period that concludes on the month of Energization of the Designated System so that Seller may invoice and be paid for RECs associated with the Designated System in the month following the date of Energization. Notwithstanding, the IPA may in its reasonable discretion designate a Quarterly Payment Cycle that includes a Quarterly Period that concludes on the month following Energization.

Payment Cycle means the period within which Introducer Compensation is accrued and payable.

Payment Cycle means each period of two consecutive ColumbiaGrid fiscal years for which the budget for provision of services under this Agreement is to be prepared; provided that ColumbiaGrid shall endeavor to align its Planning Cycle with its Payment Cycle; provided further that the first Payment Cycle may be for a period less than two such fiscal years to allow for alignment of the Payment Cycle and Planning Cycle and to allow each Payment Cycle after the first Payment Cycle to commence at the beginning of a ColumbiaGrid fiscal year. For purposes of this Agreement, a fiscal year shall be a twelve-month period.

Examples of Payment Cycle in a sentence

• If there are outstanding amounts eligible for payment by Buyer to Seller during the Term of this Agreement, Seller shall render to Buyer an invoice by electronic mail for the payment obligations of Buyer to Seller on or after the first (1st) day, but no later than the tenth (10th) day of the first month in a Quarterly Period of a Quarterly Payment Cycle.

• Payment Cycle B: Invoices shall be due on the 10th of and payable on the last day of: February, May, August and November.

• This Agreement may include multiple Quarterly Payment Cycles, but each Designated System shall be associated with only one (1) Quarterly Payment Cycle.

• For purposes of invoicing and payment, each Designated System shall be associated with one of the following payment cycles: Payment Cycle A: Invoices shall be due on the 10th of and payable on the last day of: January, April, July and October.

• For avoidance of doubt, the payment of such Advance of Capital amount may occur prior to the Energization of the Designated System; and in such case, the Advance of Capital amount is not included in the Maximum Allowable Payment in any Quarterly Netting Statement and no Quarterly Payment Cycle is assigned to such Designated System until such Designated System is Energized.

More Definitions of Payment Cycle

Payment Cycle. ' as used in this section shall mean the period of time between the date of the meeting at which action is taken with regard to the Contractor's bills, when submitted in accordance with this section, and the date of the next regularly scheduled Board meeting.

Payment Cycle means that period of time over which an Award, if earned, may be paid.

Payment Cycle means either Payment Cycle A or Payment Cycle B as defined in § 13.2 (Payment); “Physical Settlement Netting Accounts” shall have the meaning given in § 4.3(a) of this Allowances Appendix; “Receiving Party” has the meaning specified in § 14.5 (Withholding Tax);

Payment Cycle. C: Invoices shall be due on the 10th of and payable on the last day of: March, June, September and December. Upon Energization of a Designated System, the IPA shall designate a Quarterly Payment Cycle to such Designated System and shall indicate such Quarterly Payment Cycle in Schedule B to the Product Order applicable to such Designated System. The IPA shall endeavor, on a commercially reasonable efforts 22 Specifically, if payments have been made to Seller with respect to a Designated System, and the number of RECs Delivered from such Designated System is less than the Designated System Paid REC Quantity, then with respect to each such Designated System, Seller shall return a portion of the amount of payment equal to the multiplicative product of (A) the Contract Price and (B) the positive difference between (i) the Designated System Paid REC Quantity and (ii) the number of RECs that has been Delivered from such Designated System (not to exceed the Designated System Contract Maximum REC Quantity). basis, to designate for each Designated System a Quarterly Payment Cycle that includes a Quarterly Period that concludes on the month of Energization of the Designated System so that Seller may invoice and be paid for RECs associated with the Designated System in the month following the date of Energization. Notwithstanding, the IPA may in its reasonable discretion designate a Quarterly Payment Cycle that includes a Quarterly Period that concludes on the month following Energization.

Payment Cycle means the period between the date each Instalment amount is due. The Payment Cycle is set out in the Financial Summary.

Payment Cycle means either Payment Cycle A or Payment Cycle B as defined in § 13.2 (Payment);

Payment Cycle means the period of a month in which Payments are allowed to be effected by the Contractor in accordance with the SOCPEN payment extraction and cut-off schedules;