Common use of Invoicing Payment Clause in Contracts

Invoicing Payment. Invoicing and payment for the facilities and services specified in Article II, the asset sales specified in Article III or the joint services costs specified in Section 5.3 (a) shall be as follows: (a) for the use of facilities, equipment or capabilities specified in Section 2.1 or the provision of services specified in Section 2.2, a Provider shall invoice the Requestor on a monthly basis for the charges therefor as provided in Section 4.1(a), and such invoices shall be payable within thirty days of receipt; (b) for joint purchasing arrangements specified in Section 2.3, a Party participating in any such arrangement shall be invoiced for charges as provided in Section 4.1(b), which invoices will be payable according to the terms set by the vendor(s) providing the purchased goods or services, or if a Party has been selected to administer such arrangement, pursuant to invoices rendered by such Party or the vendor of the goods or services, which invoices will be payable no later than thirty days after receipt; (c) for cash management activities under Section 2.4, (i) the Party responsible for administering the activities shall invoice the other participating Parties for the charges therefor as provided in Section 4.1(c), which invoices shall be payable within thirty days of receipt, or (ii) the charges for such activities may be offset against the cash amounts held thereunder, provided a written statement of such charges and the amount of the offset is provided to the participating Parties monthly; (d) for the tax sharing arrangement specified in Section 2.5, charges and payments shall be made as provided in the Tax Sharing Agreement; (e) for the sale of real property or interests in real property specified in Section 3.1, the Acquiring Party shall pay the charges therefor as provided in Section 4.1(a) to the Selling Party upon the closing of the sale and transfer of such real property or interests therein; (f) for the sale of tangible personal property specified in Section 3.2, the Selling Party shall invoice the Acquiring Party for the charges therefor as provided in Section 4.1(a), and such invoices shall be payable within thirty days of receipt; (g) for the transfer of AES Common Stock specified in Section 3.4, CILCO shall pay the charges therefor as provided in Section 4.1(a) and such payment shall be made to AES concurrently with the issuance and delivery of the shares of such stock; and (h) for joint service costs under Section 5.3(a), CILCORP shall invoice the other Parties for such costs as provided in Section 5.3(c), and such invoices shall be payable within thirty days of receipt. Late payments shall bear interest at a rate per annum equal to the sum of the prime rate of interest as published in the Wall Street Journal, plus 2% per annum, and such interest shall be based on the period of time that the payment is late.

Invoicing Payment. Invoicing and payment for the facilities and services specified in Article II, the asset sales specified in Article III or the joint services costs specified in Section 5.3 (a5.3(a) shall be as follows: (a) for the use of facilities, equipment or capabilities specified in Section 2.1 or the provision of services specified in Section 2.2, a Provider shall invoice the Requestor on a monthly basis for the charges therefor therefore as provided in Section 4.1(a4.l(a), and such invoices shall be payable within thirty days of receipt; (b) for joint purchasing arrangements specified in Section 2.3, a Party participating in any such arrangement shall be invoiced for charges as provided in Section 4.1(b4.l(b), which invoices will be payable according to the terms set by the vendor(s) providing the purchased goods or services, or if a Party has been selected to administer such arrangement, pursuant to invoices rendered by such Party or the vendor of the goods or services, which invoices will be payable no later than thirty days after of receipt; (c) for cash management activities under Section 2.4, (i) the Party responsible for administering the activities shall invoice the other participating Parties for the charges therefor as provided in Section 4.1(c), which invoices shall be payable within thirty days of receipt, or (ii) the charges for such activities may be offset against the cash amounts held thereunder, provided a written statement of such charges and the amount of the offset is provided to the participating Parties monthly; (d) for the tax sharing arrangement specified in Section 2.5, charges and payments shall be made as provided in the Tax Sharing Agreement; (e) for the sale of real property or interests in real property specified in Section 3.1, the Acquiring Party shall pay the charges therefor therefore as provided in Section 4.1(a) to the Selling Party upon the closing of the sale and transfer of such real property or interests therein; (fd) for the sale of tangible personal property specified in Section 3.2, or intangible assets specified in Section 3.3, the Selling Party shall invoice the Acquiring Party for the charges therefor therefore as provided in Section 4.1(a), and such invoices shall be payable within thirty days of receipt;; and (ge) for the transfer of AES AGLR Common Stock specified in Section 3.4, CILCO Nicor Gas shall pay the charges therefor therefore as provided in Section 4.1(a) and such payment shall be made to AES AGLR concurrently with the issuance and delivery of the shares of such stock; and (h) for joint service costs under Section 5.3(a), CILCORP shall invoice the other Parties for such costs as provided in Section 5.3(c), and such invoices shall be payable within thirty days of receipt. Late payments shall bear interest at a rate per annum equal to the sum of the prime rate of interest representing AGLR’s cost of funds, as published determined by contacting AGLR's commercial paper dealers, but shall in no event exceed the Wall Street Journalthen-effective rate of interest announced by Bank of America Illinois in Chicago, plus 2% per annum, and such Illinois. The interest shall be based on the period of time that the payment is late.

Invoicing Payment. Invoicing and payment for the facilities and services specified in Article II, the asset property sales specified in Article III or the joint services costs specified in Section 5.3 (a5.3(a) shall be as follows: (a) for the use of facilities, equipment or capabilities specified in Section 2.1 or the provision of services specified in Section 2.2, a Provider shall invoice the Requestor on a monthly basis for the charges therefor as provided in Section 4.1(a), and such invoices shall be payable within thirty days of receipt; (b) for joint purchasing arrangements specified in Section 2.3, a Party participating in any such arrangement shall be invoiced for charges as provided in Section 4.1(b), which invoices will be payable according to the terms set by the vendor(s) providing the purchased goods or services, or if a Party has been selected to administer such arrangement, pursuant to invoices rendered by such Party or the vendor of the goods or services, which invoices will be payable no later than thirty days after receiptParty; (c) for cash management activities under the tax allocation arrangement specified in Section 2.4, (i) IGCH shall bill each subsidiary for its share of each tax payment at the Party responsible for administering time the activities shall invoice tax payment is made. Upon the other participating Parties for filing of the charges therefor as provided in Section 4.1(c)tax return, which invoices the tax owed by each subsidiary shall be payable within thirty days of receipt, reduced by its estimated tax payments and it shall be billed for any excess owed or (ii) the charges receive a refund from IGCH for such activities may be offset against the cash amounts held thereunder, provided a written statement of such charges and the amount of the offset is provided to the participating Parties monthlyany credit due; (d) for the tax sharing arrangement specified in Section 2.5, charges and payments shall be made as provided in the Tax Sharing Agreement; (e) for the sale of real property or interests in real property specified in Section 3.13.I, the Acquiring Party shall pay the charges therefor as provided in Section 4.1(a4.l(a) to the Selling Party upon the closing of the sale and transfer of such real property or interests therein; (fe) for the sale of tangible personal property specified in Section 3.2, or Intangible Property specified in Section 3.3, the Selling Party shall invoice the Acquiring Party for the charges therefor therefore as provided in Section 4.1(a), and such invoices shall be payable within thirty days of receipt; (g) for the transfer of AES Common Stock specified in Section 3.4, CILCO shall pay the charges therefor as provided in Section 4.1(a) and such payment shall be made to AES concurrently with the issuance and delivery of the shares of such stock; and (hf) for joint service costs all payments required under Section 5.3(a), CILCORP shall invoice the other Parties for such costs as provided in Section 5.3(c), and such invoices sections 4.3(a)-(f) hereunder shall be payable within thirty days of receiptrendered monthly. Late payments If there are any unpaid balances due IGC, IGC Affiliates shall bear pay IGC interest at a rate per annum equal to the sum of the prime rate of IGC' s long term interest as published in the Wall Street Journal, plus 2% per annum, and such interest shall be based on the period of time that the payment is laterate.

Invoicing Payment. Invoicing and payment for the facilities and services specified in Article II, the asset property sales specified in Article III or the joint services costs specified in Section 5.3 (a5.3(a) shall be as follows: (a) for the use of facilities, equipment or capabilities specified in Section 2.1 or the provision of services specified in Section 2.2, a Provider shall invoice the Requestor on a monthly basis for the charges therefor as provided in Section 4.1(a), and such invoices shall be payable within thirty days of receipt; (b) for joint purchasing arrangements specified in Section 2.3, a Party participating in any such arrangement shall be invoiced for charges as provided in Section 4.1(b), which invoices will be payable according to the terms set by the vendor(s) providing the purchased goods or services, or if a Party has been selected to administer such arrangement, pursuant to invoices rendered by such Party or the vendor of the goods or services, which invoices will be payable no later than thirty days after receiptParty; (c) for cash management activities under the tax allocation arrangement specified in Section 2.4, (i) IGCH shall ▇▇▇▇ each subsidiary for its share of each tax payment at the Party responsible for administering time the activities shall invoice tax payment is made. Upon the other participating Parties for filing of the charges therefor as provided in Section 4.1(c)tax return, which invoices the tax owed by each subsidiary shall be payable within thirty days of receipt, reduced by its estimated tax payments and it shall be billed for any excess owed or (ii) the charges receive a refund from IGCH for such activities may be offset against the cash amounts held thereunder, provided a written statement of such charges and the amount of the offset is provided to the participating Parties monthlyany credit due; (d) for the tax sharing arrangement specified in Section 2.5, charges and payments shall be made as provided in the Tax Sharing Agreement; (e) for the sale of real property or interests in real property specified in Section 3.13.I, the Acquiring Party shall pay the charges therefor as provided in Section 4.1(a4.l(a) to the Selling Party upon the closing of the sale and transfer of such real property or interests therein; (fe) for the sale of tangible personal property specified in Section 3.2, or Intangible Property specified in Section 3.3, the Selling Party shall invoice the Acquiring Party for the charges therefor therefore as provided in Section 4.1(a), and such invoices shall be payable within thirty days of receipt; (g) for the transfer of AES Common Stock specified in Section 3.4, CILCO shall pay the charges therefor as provided in Section 4.1(a) and such payment shall be made to AES concurrently with the issuance and delivery of the shares of such stock; and (hf) for joint service costs all payments required under Section 5.3(a), CILCORP shall invoice the other Parties for such costs as provided in Section 5.3(c), and such invoices sections 4.3(a)-(f) hereunder shall be payable within thirty days of receiptrendered monthly. Late payments If there are any unpaid balances due IGC, IGC Affiliates shall bear pay IGC interest at a rate per annum equal to the sum of the prime rate of interest as published in the Wall Street Journal, plus 2% per annum, and such interest shall be based on the period of time that the payment is lateIGC' s long term interestrate.

Invoicing Payment. Invoicing and payment for the facilities and services specified in Article II, the asset sales specified in Article III or the joint services costs specified in Section 5.3 (a5.3(a) shall be as follows: (a) for the use of facilities, equipment or capabilities specified in Section 2.1 or the provision of services specified in Section 2.2, a Provider shall invoice the Requestor on a monthly basis for the charges therefor therefore as provided in Section 4.1(a4.l(a), and such invoices shall be payable within thirty days of receipt; (b) for joint purchasing arrangements specified in Section 2.3, a Party participating in any such arrangement shall be invoiced for charges as provided in Section 4.1(b4.l(b), which invoices will be payable according to the terms set by the vendor(s) providing the purchased goods or services, or if a Party has been selected to administer such arrangement, pursuant to invoices rendered by such Party or the vendor of the goods or services, which invoices will be payable no later than thirty days after of receipt; (c) for cash management activities under Section 2.4, (i) the Party responsible for administering the activities shall invoice the other participating Parties for the charges therefor as provided in Section 4.1(c), which invoices shall be payable within thirty days of receipt, or (ii) the charges for such activities may be offset against the cash amounts held thereunder, provided a written statement of such charges and the amount of the offset is provided to the participating Parties monthly; (d) for the tax sharing arrangement specified in Section 2.5, charges and payments shall be made as provided in the Tax Sharing Agreement; (e) for the sale of real property or interests in real property specified in Section 3.1, the Acquiring Party shall pay the charges therefor therefore as provided in Section 4.1(a) to the Selling Party upon the closing of the sale and transfer of such real property or interests therein; (fd) for the sale of tangible personal property specified in Section 3.2, or intangible assets specified in Section 3.3, the Selling Party shall invoice the Acquiring Party for the charges therefor therefore as provided in Section 4.1(a), and such invoices shall be payable within thirty days of receipt; (ge) for the transfer of AES AGLR Common Stock specified in Section 3.4, CILCO Nicor Gas shall pay the charges therefor therefore as provided in Section 4.1(a) and such payment shall be made to AES AGLR concurrently with the issuance and delivery of the shares of such stock; and (h) for joint service costs under Section 5.3(a), CILCORP shall invoice the other Parties for such costs as provided in Section 5.3(c), and such invoices shall be payable within thirty days of receipt. Late payments shall bear interest at a rate per annum equal to the sum of the prime rate of interest representing AGLR’s cost of funds, as published determined by contacting AGLR's commercial paper dealers, but shall in no event exceed the Wall Street Journalthen-effective rate of interest announced by Bank of America Illinois in Chicago, plus 2% per annum, and such Illinois. The interest shall be based on the period of time that the payment is late.

Invoicing Payment. Invoicing and payment for the facilities and services specified in Article II, the asset property sales specified in Article III or the joint services costs specified in Section 5.3 (a5.3(a) shall be as follows: (a) for the use of facilities, equipment or capabilities specified in Section 2.1 or the provision of services specified in Section 2.2, a Provider shall invoice the Requestor on a monthly basis for the charges therefor as provided in Section 4.1(a), and such invoices shall be payable within thirty days of receipt; (b) for joint purchasing arrangements specified in Section 2.3, a Party participating in any such arrangement shall be invoiced for charges as provided in Section 4.1(b), which invoices will be payable according to the terms set by the vendor(s) providing the purchased goods or services, or if a Party has been selected to administer such arrangement, pursuant to invoices rendered by such Party or the vendor of the goods or services, which invoices will be payable no later than thirty days after receiptParty; (c) for cash management activities under the tax allocation arrangement specified in Section 2.4, (i) IGCH shall bill each subsidiary for its share of each tax payment at the Party responsible for administering time the activities shall invoice tax payment is made. Upon the other participating Parties for filing of the charges therefor as provided in Section 4.1(c)tax return, which invoices the tax owed by each subsidiary shall be payable within thirty days of receipt, reduced by its estimated tax payments and it shall be billed for any excess owed or (ii) the charges receive a refund from IGCH for such activities may be offset against the cash amounts held thereunder, provided a written statement of such charges and the amount of the offset is provided to the participating Parties monthlyany credit due; (d) for the tax sharing arrangement specified in Section 2.5, charges and payments shall be made as provided in the Tax Sharing Agreement; (e) for the sale of real property or interests in real property specified in Section 3.13.I, the Acquiring Party shall pay the charges therefor as provided in Section 4.1(a4.l(a) to the Selling Party upon the closing of the sale and transfer of such real property or interests therein; (fe) for the sale of tangible personal property specified in Section 3.2, or Intangible Property specified in Section 3.3, the Selling Party shall invoice the Acquiring Party for the charges therefor therefore as provided in Section 4.1(a), and such invoices shall be payable within thirty days of receipt; (g) for the transfer of AES Common Stock specified in Section 3.4, CILCO shall pay the charges therefor as provided in Section 4.1(a) and such payment shall be made to AES concurrently with the issuance and delivery of the shares of such stock; and (hf) for joint service costs all payments required under Section 5.3(a), CILCORP shall invoice the other Parties for such costs as provided in Section 5.3(c), and such invoices sections 4.3(a)-(f) hereunder shall be payable within thirty days of receiptrendered monthly. Late payments If there are any unpaid balances due IGC, IGC Affiliates shall bear pay IGC interest at a rate per annum equal to the sum of the prime rate of interest as published in the Wall Street Journal, plus 2% per annum, and such interest shall be based on the period of time that the payment is lateIGC' s long term interestrate.

Invoicing Payment. Invoicing and payment for the facilities and services specified in Article II, the asset sales specified in Article III or the joint services costs specified in Section 5.3 (a) shall be as follows: (a) for the use of facilities, equipment or capabilities specified in Section 2.1 or the provision of services specified in Section 2.2, a Provider shall invoice the Requestor on a monthly basis for the charges therefor as provided in Section 4.1(a), and such invoices shall be payable within thirty days of receipt; (b) for joint purchasing arrangements specified in Section 2.3, a Party party participating in any such arrangement shall be invoiced for charges as provided in Section 4.1(b), which invoices will be payable according to the terms set by the vendor(s) providing the purchased goods or services, or if a Party has been selected to administer such arrangement, pursuant to invoices rendered by such Party or the vendor of the goods good or services, which invoices will be payable no later than thirty days after receipt; (c) for cash management activities under Section 2.4, (i) the Party party responsible for administering the activities shall invoice the other participating Parties for the charges therefor as provided in Section 4.1(c), which invoices shall be payable within thirty days of receipt, or (ii) the charges for such activities may be offset against the cash amounts held thereunder, provided a written statement of such charges and the amount of the offset is provided to the participating Parties monthly; (d) for the tax sharing arrangement specified in Section 2.5, charges and payments shall be made as provided in the Tax Sharing Agreement; (e) for the sale of real property or interests in real property specified in Section 3.1, the Acquiring Party shall pay the charges therefor as provided in Section 4.1(a) to the Selling Party upon the closing of the sale and transfer of such real property or interests therein; (f) for the sale of tangible personal property specified in Section 3.2, the Selling Party shall invoice the Acquiring Party for the charges therefor as provided in Section 4.1(a), and such invoices shall be payable within thirty days of receipt; (g) for the transfer of AES Unicom Common Stock specified in Section 3.4, CILCO ComEd shall pay the charges therefor as provided in Section 4.1(a) and such payment shall be made to AES Unicom concurrently with the issuance and delivery of the shares of such stock; and (h) for joint service costs under Section 5.3(a), CILCORP Unicom shall invoice the other Parties for such costs as provided in Section 5.3(c), and such invoices shall be payable within thirty days of receipt. Late payments shall bear interest at a rate per annum equal to the sum of the prime rate of interest announced from time to time by The First National Bank of Chicago as published in the Wall Street Journal, plus 2% per annum, its "corporate base rate," and such interest shall be based on the period of time that the payment is late.