Use of Money Adjustment definition

Use of Money Adjustment means an amount payable at the Interest Rate plus 2% from the date of payment to the date of repayment (in the case of a Credit Note or other repayment) or from the due date of the original invoice to the date of payment (in the case of a Debit Note or other payment) accruing on a daily basis and compounded at the end of every month;

Use of Money Adjustment means an amount payable at the Interest Rate plus 2% from the date of payment to the date of repayment (in the case of a Credit Note or other repayment) or due date of the original Tax Invoice to the date of payment (in the case of a Debit Note or other payment), accruing on a daily basis and compounded at the end of every month;

Use of Money Adjustment means an amount payable at the Interest Rate plus 2% from the due date of the original invoice to the date of settlement of the wash-up amount accruing on a daily basis and compounded at the end of every month;

Examples of Use of Money Adjustment in a sentence

• The Distributor will apply a Use of Money Adjustment in relation to the underpayment or overpayment by the Retailer in respect of each Tax Invoice, and will issue a Tax Invoice or Credit Note (as appropriate) to the Retailer in respect of the same.

• The Distributor will issue invoices, debit notes and credit notes (as the case may require) to reflect any resulting revisions to the Charges, plus a Use of Money Adjustment applied in accordance with the Billing and Settlement Policies.

• Notwithstanding clause 9.3(f) of this Agreement, the Distributor and Trader agree that to the extent that any information received by the Distributor in accordance with Schedule 2 includes revised reconciliation information or additional consumption information, and that requires the Distributor to provide a separate Credit Note or Debit Note to the Trader, no Use of Money Adjustment will be applied.

• Payment of wash-up accounts or wash-up refund credit notes plus the Use of Money Adjustment (charge or credit), as appropriate, will be due/applied on the next 20th day of the month after the date of the invoice, or credit note; or 10 working days following the date of the invoice or credit note, whichever is later.

• A Use of Money Adjustment will be calculated as the wash-up amount multiplied by one-twelfth of the Use of Money Rate for each of the months from the due date of the original invoice to the date of settlement of the wash-up amount.

More Definitions of Use of Money Adjustment

Use of Money Adjustment means a use of money adjustment of 0%;

Use of Money Adjustment means zero;

Use of Money Adjustment means nil;

Use of Money Adjustment means a use of money adjustment of zero New Zealand Dollars;

Use of Money Adjustment means a use of money adjustment of zero.

Use of Money Adjustment means a use of money adjustment of 0%; "Vacant Site" means a property that has become vacant;

Use of Money Adjustment means an amount payable at the Interest Rate plus 2% from the due date of the original invoice to the due date of the Revision Invoice or any other related credit or debit which relates to the same Distribution Services charges calculated and compounded daily (at 1/365th of the annual rate).