Common use of Accounting for Sums Received Clause in Contracts

Accounting for Sums Received. Notwithstanding the provisions of clause 10.5.2, to notify the Principal within 10 Banking Days of the end of each Month of the Metered Output in that Month in respect of the PPA pursuant to this Agreement and to pay to the Principal on or before the Payment Date in respect of that Month, or, if later, to pay within 10 Banking Days of receipt of an invoice (including a VAT invoice) from the Principal, the total sum received by it in respect of the PPA pursuant to this Agreement in that Month provided that NFPAS shall be entitled to and shall deduct from or set off any amounts due to NFPAS from the Principal under clause 7.2 or otherwise under this Agreement from such payment (and NFPAS shall render an invoice (including a VAT invoice) in respect of such set-off amount or deduction in accordance with clauses 7.1.1 and 7.1.4 accordingly).

Accounting for Sums Received. Notwithstanding the provisions of clause 10.5.210.4.2, to notify the Principal within 10 Banking Days of the end of each Month of the Metered Output in that Month in respect of the PPA pursuant to this Agreement and to pay to the Principal on or before the Payment Date in respect of that Month, or, if later, to pay within 10 Banking Days of receipt of an invoice (including a VAT invoice) from the Principal, the total sum received by it in respect of the PPA pursuant to this Agreement in that Month provided that NFPAS shall be entitled to and shall deduct from or set off any amounts due to NFPAS from the Principal under clause 7.2 or otherwise under this Agreement from such payment (and NFPAS shall render an invoice (including a VAT invoice) in respect of such set-off amount or deduction in accordance with clauses 7.1.1 and 7.1.4 accordingly).clause