Common use of Disputed Items Clause in Contracts

Disputed Items. (A) Either Party (the “Disputing Party”) may dispute in good faith the accuracy of a reading of the Electric Metering Devices and/or the accuracy of an invoice. Where a reading or bill is the subject of a dispute in good faith, the Disputing Party shall give written notice to the other Party within ten (10) Days after the delivery of the invoice or statement by the other Party, together with details of its reasons for such dispute. The Disputing Party shall make payment of any undisputed amounts to the other Party by the due date for payment specified in such invoice. Any amount or adjustment with respect to a meter reading subsequently agreed to by the Parties or determined to be due shall be made (in each case in settlement of a dispute) by a credit or additional charge on the next bill rendered (as the case may be). (B) All amounts paid as a result of the settlement of a dispute shall, unless the terms of such settlement provide otherwise, be paid with interest thereon at the Prime Rate from the Day on which such payment originally fell due to and until the date such payment is made in full (both dates inclusive).

Appears in 1 contract

Sources: Power Purchase Agreement

Disputed Items. (A) Either Party (the “Disputing Party”) may dispute in good faith the accuracy of a reading of the Electric Metering Devices and/or the accuracy of an invoice. Where a reading or bill ▇▇▇▇ is the subject of a dispute in good faith, the Disputing Party shall give written notice to the other Party within ten (10) Days after the delivery of the invoice or statement by the other Party, together with details of its reasons for such dispute. The Disputing Party shall make payment of any undisputed amounts to the other Party by the due date for payment specified in such invoice. Any amount or adjustment with respect to a meter reading subsequently agreed to by the Parties or determined to be due shall be made (in each case in settlement of a dispute) by a credit or additional charge on the next bill ▇▇▇▇ rendered (as the case may be). (B) All amounts paid as a result of the settlement of a dispute shall, unless the terms of such settlement provide otherwise, be paid with interest thereon at the Prime Rate from the Day on which such payment originally fell due to and until the date such payment is made in full (both dates inclusive).

Appears in 1 contract

Sources: Power Purchase Agreement

Disputed Items. (A) Either Party (the “Disputing Party”) may dispute in good faith the accuracy of a reading of the Electric Metering Devices and/or the accuracy of an invoice. Where a reading or bill ▇▇▇▇ is the subject of a dispute in good faith, the Disputing Party shall give written notice to the other Party within ten (10) Days after the delivery of the invoice or statement by the other Party, together with details of its reasons for such dispute. The Disputing Party shall make payment of any undisputed amounts to the other Party by the due date for payment specified in such invoice. Any amount or adjustment with respect to a meter reading subsequently agreed to by the Parties or determined to be due shall be made (in each case in settlement of a dispute) by a credit or additional charge on the next bill ▇▇▇▇ rendered (as the case may be). (B) All amounts paid as a result of the settlement of a dispute shall, unless the terms of such settlement provide otherwise, be paid with interest thereon at the Prime Rate from the Day on which such payment originally fell due to and until the date such payment is made in full (both dates inclusive).

Appears in 1 contract

Sources: Power Purchase Agreement