Common use of BILLING, PAYMENT, AND REPORTING Clause in Contracts

BILLING, PAYMENT, AND REPORTING. 9.1 On or before the twentieth (20th) day of each Month after deliveries of Gas commence hereunder, Gatherer shall render to Owner or Owner's representative a statement for the preceding Month identified as to the Point(s) of Receipt and Point of Delivery, showing the daily and total volumes of Gas allocated to delivery hereunder, the amount due therefore and information sufficient to explain and support any adjustments in volumes or amounts made by Gatherer in determining the amount billed. The Owner or Owner's representative shall pay Gatherer at the address shown hereunder on or before the last day of each Month, or if the statement is rendered by Gatherer after the twentieth (20th) day, within ten (10) days after receipt of such statement. If the correct amount is not paid when due, interest on any unpaid portion of the correct amount shall accrue at the lesser of: (i) the highest rate of interest permitted by applicable law, or (ii) fifteen percent (15%) per annum. If any default continues after thirty (30) days' written notice from Gatherer to Owner, Gatherer may suspend receipt of Gas hereunder without prejudice to any other available remedies at law or in equity. 9.2 If any overcharge or undercharge in any form whatsoever shall at any time be found and the ▇▇▇▇ therefore has been paid, Gatherer shall refund any amount of overcharge, and Owner shall pay any amount of undercharge within thirty (30) days after final determination thereof, provided that no retroactive adjustment will be made beyond a period of two (2) years from the date a discrepancy occurs. 9.3 Both parties hereto shall have the night at any and all reasonable times to examine the books and records of the other party to the extent necessary to verify the accuracy of any statement or charge, computation, or demand made pursuant to this Agreement.

BILLING, PAYMENT, AND REPORTING. 9.1 11.1 On or before the twentieth fifteenth (20th15th) day of each Month after deliveries of Gas commence hereunderMonth, Gatherer shall render an invoice to Owner or Owner's representative a statement Producer for the preceding Month Month. Gatherer shall provide Producer with information to support Gatherer's invoice identified as to the Producer's Receipt Point(s) of Receipt and Point of Delivery, showing the daily and total volumes quantity of Gas allocated to delivery delivered hereunder, the amount due therefore therefore, and information sufficient to explain and support any adjustments in volumes or amounts made by Gatherer in determining the amount billed. The Owner or Owner's representative Producer shall pay Gatherer or Gatherer shall pay Producer, as the case may be, at the address shown hereunder on or before the last day within 30 days of each Month, or if the statement is rendered by Gatherer after the twentieth (20th) day, within ten (10) days after receipt of such statementinvoice. If the correct amount is not paid when due, interest on any unpaid and undisputed portion of the correct amount shall accrue at an interest rate equal to two percent (2%) plus the lesser of: (i) prime rate as quoted by the Wall Street Journal, or at the highest rate of interest permitted by applicable law, or (ii) fifteen percent (15%) per annumwhichever is lower, from due date until date paid. If any default with respect to undisputed charges continues after thirty (30) days' days written notice from Gatherer to OwnerProducer, Gatherer may suspend receipt of Gas hereunder without prejudice to any other available remedies at law or in equity. 9.2 11.2 If any overcharge or undercharge in any form whatsoever shall at any time be found and the ▇▇▇▇ therefore has been relative to any invoice delivered whether outstanding or paid, Gatherer shall refund any amount of overcharge, and Owner overcharge or Producer shall pay any amount of undercharge undercharge, as the case may be, within thirty (30) days after final determination thereof; provided, provided that no retroactive adjustment will shall be made beyond a period of two twenty-four (224) years months from the date a discrepancy occursmonth of production for which the overcharge or undercharge was made. 9.3 11.3 Both parties hereto shall have the night right at any and all reasonable times to examine the books and records of the other party to the extent necessary to verify the accuracy of any statement or statement, charge, computation, or demand made pursuant to this Agreement. Prior to such examination, the party requesting it shall execute a mutually acceptable confidentiality agreement if requested to do so.

BILLING, PAYMENT, AND REPORTING. 9.1 11.1 On or before the twentieth fifteenth (20th15th) day of each Month after deliveries of Gas commence hereunderMonth, Gatherer shall render an invoice to Owner or Owner's representative a statement Producer for the preceding Month Month. Gatherer shall provide Producer with information to support Gatherer’s invoice identified as to the Producer’s Receipt Point(s) of Receipt and Point of Delivery, showing the daily and total volumes quantity of Gas allocated to delivery delivered hereunder, the amount due therefore therefore, and information sufficient to explain and support any adjustments in volumes or amounts made by Gatherer in determining the amount billed. The Owner or Owner's representative Producer shall pay Gatherer or Gatherer shall pay Producer, as the case may be, at the address shown hereunder on or before the last day within 30 days of each Month, or if the statement is rendered by Gatherer after the twentieth (20th) day, within ten (10) days after receipt of such statementinvoice. If the correct amount is not paid when due, interest on any unpaid and undisputed portion of the correct amount shall accrue at an interest rate equal to two percent (2%) plus the lesser of: (i) prime rate as quoted by the Wall Street Journal, or at the highest rate of interest permitted by applicable law, or (ii) fifteen percent (15%) per annumwhichever is lower, from due date until date paid. If any default with respect to undisputed charges continues after thirty (30) days' days written notice from Gatherer to OwnerProducer, Gatherer may suspend receipt of Gas hereunder without prejudice to any other available remedies at law or in equity. 9.2 11.2 If any overcharge or undercharge in any form whatsoever shall at any time be found and the ▇▇▇▇ therefore has been relative to any invoice delivered whether outstanding or paid, Gatherer shall refund any amount of overcharge, and Owner overcharge or Producer shall pay any amount of undercharge undercharge, as the case may be, within thirty (30) days after final determination thereof; provided, provided that no retroactive adjustment will shall be made beyond a period of two twenty-four (224) years months from the date a discrepancy occursmonth of production for which the overcharge or undercharge was made. 9.3 11.3 Both parties hereto shall have the night right at any and all reasonable times to examine the books and records of the other party to the extent necessary to verify the accuracy of any statement or statement, charge, computation, or demand made pursuant to this Agreement. Prior to such examination, the party requesting it shall execute a mutually acceptable confidentiality agreement if requested to do so.