Common use of Billing and Payment Records Clause in Contracts

Billing and Payment Records. Each Party will until the end of [redacted] after its receipt of any invoice make available to the other Party upon written request, and each Party may audit, such books and records of the other Party (or other information to which such Party has access) as are reasonably necessary for such Party to calculate and determine the Monthly Energy Payments shown on such invoice and thereby to verify the accuracy and appropriateness of the amounts billed to LEM and the information provided by LEM to Georgia Power. The Parties shall maintain their respective books and records in accordance with generally accepted accounting principles applicable from time to time.

Appears in 1 contract

Sources: Purchased Power Agreement (Southern Power Co)

Billing and Payment Records. Each Party will until the end of [redacted] after its receipt of any invoice make available to the other Party upon written request, and each Party may audit, such books and records of the other Party (or other information to which such Party has access) as are reasonably necessary for such Party to calculate and determine the Monthly Energy Payments shown on such invoice and thereby to verify the accuracy and appropriateness of the amounts billed to LEM and the information provided by LEM to Georgia Power. The Parties shall maintain their respective books and records in accordance with generally accepted accounting principles applicable from time to time.

Appears in 1 contract

Sources: Purchased Power Agreement (Southern Power Co)