Common use of Billing and Payment Records Clause in Contracts

Billing and Payment Records. Until the end of one (1) year after its receipt of any Invoice, each Party shall make available to the other Party, and each Party may audit, such books and records of the other Party as are reasonably necessary for such Party to calculate the Monthly Capacity Payments, the Monthly Energy Payments or other amounts shown on such Invoice and thereby to verify the accuracy of the amounts billed. The Parties shall maintain such respective books and records in accordance with generally accepted accounting principles applicable from time-to-time.

Billing and Payment Records. Until Each Party will, until the end of one (1) year after its receipt of any Invoiceinvoice, each Party shall make available to the other Party, and each Party may audit, such books and records of the other Party as are reasonably necessary for such Party to calculate verify the calculation of the Monthly Capacity Payments, the Monthly Energy Payments Payments, any Monthly Availability Adjustment, any Seasonal Availability Adjustment and any other invoice, charge or other amounts shown on such Invoice and thereby to verify the accuracy of the amounts billed. The Parties shall maintain such respective books and records payment demand made in accordance connection with generally accepted accounting principles applicable from time-to-timethis Agreement.