Common use of EIGHTH CLAUSE Clause in Contracts

EIGHTH CLAUSE. Exception made to the costs and charges mentioned in Seventh Clause above, MOEMA shall not, in any circumstance, be responsible for the payment of any other costs or charges imposed on or associated with the sale of Electric Energy, including, without limitation, transmission losses from the Delivery Point until delivery to the ultimate consumer, being the costs and charges related to the connection and distribution from the Delivery Point paid solely by the MARKETER. Each of the Parties expressly agrees and undertakes to indemnify and hold harmless the other Party from any claims arising from any act or incident occurring when title to the Electric Energy is vested in the indemnifying Party. Ninth Clause - Should there exist, with respect to any invoice, undisputed amounts and amounts which liquidity and certainty is being disputed by MARKETER, the MARKETER, regardless of any claim made, shall pay the undisputed amounts when due, under penalty of the failure to pay that amounts being characterized as a default by MARKETER. Once the dispute is settled, MARKETER shall pay, within a maximum of 5 days from the date the Parties reached agreement, the relevant balance plus interest at the rate of 1% per month, accrued from the due date of the respective invoice until the date of its actual payment.

EIGHTH CLAUSE. Exception made to Except for the costs and charges associated with the use of the Grid, mentioned in the Seventh Clause above, MOEMA IPP shall not, in any circumstance, be responsible for the payment of any other costs or charges imposed on or associated with the sale of Electric Energy, including, without limitation, transmission losses from the Delivery Point until delivery to the ultimate consumer, being after the costs and charges related conveyance of the title to the connection and distribution from Electric Energy, which shall occur at the Delivery Point paid solely by Point, as provided for in the MARKETEREleventh Clause of this Agreement. Each of the Parties expressly agrees and undertakes to indemnify and hold harmless the other Party from any claims arising from any act or incident occurring when title to the Electric Energy is vested in the indemnifying Party. Ninth Clause - Should there exist, with respect to any invoice, undisputed amounts and amounts which liquidity and certainty is being disputed by MARKETER, the MARKETER, regardless of any claim made, MARKETER shall pay the undisputed amounts when due, under penalty of the failure to pay that amounts being characterized as a default by MARKETER. Once the dispute is settled, MARKETER shall pay, within a maximum of 5 days from the date the Parties reached agreement, the relevant balance plus interest at the rate of 1% per month, accrued from the due date of the respective invoice until the date of its actual payment.