Payment Errors. (a) If either Buyer or Seller believes that there has been an error in an amount paid or the timing of any payment hereunder, then such party shall notify the other party of such alleged error and shall provide such written evidence of the error as is available at the time of such notice. Each party shall provide the other with sufficient records relating to the matter so as to permit the parties to attempt to resolve the inconsistency. (b) Following the determination of whether an error occurred, any overpayment or underpayment found shall be remedied, by the party that benefited from such error. (c) Notwithstanding the foregoing, neither party may question the accuracy, correctness, timing or amount of any payment under this Agreement unless it notifies the other party of its disagreement within the 12 months immediately following the date such payment was due.
Appears in 6 contracts
Sources: Supply Agreement (Group Simec Sa De Cv), Rounds Supply Agreement (PAV Republic, Inc.), Rounds Supply Agreement (Republic Engineered Products Holdings LLC)
Payment Errors. (a) If either Buyer or Seller believes that there has been an error in an amount paid or the timing of any payment hereunder, then such party shall notify the other party of such alleged error and shall provide such written evidence of the error as is available at the time of such notice. Each party shall provide the other with sufficient records relating to the matter so as to permit the parties to attempt to resolve the inconsistency.
(b) Following the determination of whether an error occurred, any overpayment or underpayment found shall be remedied, remedied by the party that benefited from such error.
(c) Notwithstanding the foregoing, neither party may question the accuracy, correctness, timing or amount of any payment under this Agreement unless it notifies the other party of its disagreement within the 12 months immediately following the date on which such payment was due.
Appears in 5 contracts
Sources: Coke Supply Agreement (Republic Engineered Products Holdings LLC), Coke Supply Agreement (PAV Republic, Inc.), Coke Supply Agreement (PAV Republic, Inc.)
Payment Errors. (a) If either Buyer or Seller believes that there has been an error in an amount paid or the timing of any payment hereunder, then such party shall notify the other party of such alleged error and shall provide such written evidence of the error as is available at the time of such notice. Each party shall provide the other with sufficient records relating to the matter so as to permit the parties to attempt to resolve the inconsistency.
(b) Following the determination of whether an error occurred, any overpayment or underpayment found shall be remedied, remedied by the party that benefited from such error.
(c) Notwithstanding the foregoing, neither party may question the accuracy, correctness, timing or amount of any payment under this Agreement unless it notifies the other party of its disagreement within the 12 months immediately following the date such payment was due.
Appears in 3 contracts
Sources: Pellet Supply Agreement (Blue Steel Capital Corp), Pellet Supply Agreement (Republic Engineered Products Holdings LLC), Pellet Supply Agreement (PAV Republic, Inc.)
Payment Errors. (a) If either Buyer or Seller believes that there has been an error in an amount paid or the timing of any payment hereunder, then such party shall notify the other party of such alleged error and shall provide such written evidence of the error as is available at the time of such notice. Each party shall provide the other with sufficient records relating to the matter so as to permit the parties to attempt to resolve the inconsistency.
(b) Following the determination of whether an error occurred, any overpayment or underpayment found shall be remedied, with interest at the Late Payment Rate, by the party that benefited from such error.
(c) Notwithstanding the foregoing, neither party may question the accuracy, correctness, timing or amount of any payment under this Agreement unless it notifies the other party of its disagreement within the 12 months immediately following the date such payment was due.
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