Common use of Disputed Payments Clause in Contracts

Disputed Payments. In the event that the Buying Entity disputes an Invoice, it shall give notice of such a dispute within 15 days of receiving the Invoice setting out details of the disputed amount. The Buying Entity shall pay by the Due Date 100% of any undisputed amount and in case the Invoice is disputed, the Buying Entity shall pay an amount based on average consumption of last three consecutive undisputed Invoices. Amount so recovered shall be subject to final adjustment on resolution of the dispute. Thereafter, the Parties shall discuss and try to resolve the disputed amount within a week of receipt of such notice of dispute. If the Parties resolve the dispute, an appropriate adjustment shall be made in the next Invoice. If the dispute has not been resolved by the date of the next Invoice the dispute shall be referred to the next higher authority in field formations (Frontier Headquarter/Sector Headquarter) to resolve the dispute within sixty (60) days. If the dispute is still not resolved by the next following Invoice it shall be referred to Arbitration.

Disputed Payments. In the event that the Buying Entity Purchaser disputes an Invoiceinvoice, it shall give notice of such a dispute within 15 days of receiving the Invoice invoice setting out details of the disputed amount. The Buying Entity Purchaser shall pay by the Due Date 100% of any undisputed amount and in case the Invoice invoice is disputed, the Buying Entity Purchaser shall pay an amount based on average consumption of last three consecutive undisputed Invoicesinvoices. Amount so recovered shall be subject to final adjustment on resolution of the dispute. Thereafter, the Parties shall discuss and try to resolve the disputed amount within a week of receipt of such notice of dispute. If the Parties resolve the dispute, an appropriate adjustment shall be made in the next Invoiceinvoice. If the dispute has not been resolved by the date of the next Invoice invoice the dispute shall be referred to the next higher authority in field formations (Frontier Headquarter/Sector Headquarter) to resolve the dispute within sixty (60) days. a committee of one member from each of Purchaser and Power Producer, If the dispute is still still-not resolved by the next following Invoice it invoice if shall be 'referred to ArbitrationArbitration as provided in the present Agreement.