Common use of Performance and Payments Clause in Contracts

Performance and Payments. All performance required hereunder by the Parties and payment therefor under this Arrangement shall continue during the dispute resolution proceedings contemplated by this Article 19, provided that in the case of any such proceedings pertaining to amounts payable under this Arrangement, any payments or reimbursements required as a result of the proceedings shall be effective as of a date to be determined in such proceedings, and interest shall be paid by the Party required to make any such payment or reimbursement on the amount thereof at the Default Interest Rate from the date so determined until paid, and the amount of the payment or reimbursement shall be specified by the Owner in the next Monthly Billing Statement rendered in accordance with Section 11.1.

Performance and Payments. All performance required hereunder by the Parties and payment therefor under this Arrangement shall continue during the dispute resolution proceedings contemplated by this Article 19, provided that in the case of any such proceedings pertaining to amounts payable under this Arrangement, any payments or reimbursements required as a result of the proceedings shall be effective as of a date to be determined in such proceedings, and interest shall be paid by the Party required to make any such payment or reimbursement on the amount thereof at the Default Interest Rate from the date so determined until paid, and the amount of the payment or reimbursement shall be specified by the Owner in the next Monthly Billing Statement rendered in accordance with Section 11.1.. INDEPENDENT ASSESSMENT TEAM 43 Final Version Sundance C Power Purchase Arrangement