Common use of Accounting for Sums Received Clause in Contracts

Accounting for Sums Received. To pay to the Principal within 1 Banking Day of receipt of the total sum received by NFPAS in respect of the sale of ROCs and/or REGOs pursuant to this Agreement in respect of each Auction or, if later, within 5 Banking Days of receipt of an invoice (including a VAT invoice) from the Principal in respect of the same provided that NFPAS shall be entitled to and shall 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 in accordance with Clause 7.1.3 accordingly).

Accounting for Sums Received. To pay to the Principal within 1 5 Banking Day Days of receipt of the total sum received by NFPAS in respect of the sale of ROCs and/or REGOs Certificates pursuant to this Agreement in respect of each Auction or, if later, within 5 Banking Days of receipt of an invoice (including a VAT invoice) from the Principal in respect of the same provided that NFPAS shall be entitled to and shall 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 in accordance with Clause 7.1.3 accordingly).