Statement of Account and Invoicing Sample Clauses

The Statement of Account and Invoicing clause outlines the procedures and requirements for issuing and receiving financial statements and invoices between parties. Typically, it specifies the timing, format, and content of invoices, as well as the process for reconciling accounts and addressing discrepancies. This clause ensures that both parties have a clear and consistent method for tracking payments and obligations, thereby reducing the risk of misunderstandings or disputes over financial transactions.
Statement of Account and Invoicing. Within twenty five (25) Business Days after the end of each Charging Period, the Company shall submit to the Service Provider a statement of account (the “Statement”) specifying:
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Statement of Account and Invoicing. 1.1 Within twenty five (25) Business Days after the end of each Charging Period, the Company shall submit to the Service Provider a statement of account (the “Statement”) specifying: (i) the volume of Service provided, (ii) the Service Payments due in respect of that Charging Period; (iii) the Monthly Trip Charge due to the Company (if applicable in accordance with Section 3.7 of Schedule 2); and (iv) the Shortfall Charge due to the Company (if applicable in accordance with Clause 3.6). The Company shall use its reasonable endeavours to provide to the Service Provider such reasonable information as may be required to enable the Service Provider to verify the Service provided for that Charging Period. Such information shall be based on data from Meters and other systems the Company may use. If, following a Charging Period, the Company is unable to obtain all or part of the information necessary to prepare a Statement, in respect of that Charging Period, then the Company shall make such estimates as are necessary to prepare a Statement for the Charging Period and provide the Service Provider with the basis for such estimates. 1.2 Following confirmation by the Company of the actual Service provided and calculation of the correct payments due, then the Statement for the subsequent Charging Period will be revised up or down accordingly. 1.3 Within ten (10) Business Days after the date on which the Company submits to the Service Provider a Statement, the Service Provider shall either: (a) where the Service Provider agrees with the Statement’s accuracy, submit to the Company a written notice confirming the accuracy of the Statement; or (b) where the Service Provider disputes the Statement’s accuracy, submit to the Company a written notice setting out the alternative amount that the Service Provider, acting in good faith, believes is due in respect of the Charging Period, indicating whether it is an amount payable by the Service Provider or by the Company and specifying the grounds for claiming that such alternative amount is payable (the “Claim”). 1.4 Following submission of a written notice by the Service Provider in accordance with Section 1.3 (a) or (b), or ten (10) Business Days after the date on which the Company submits to the Service Provider a Statement, either: (a) the Company shall submit to the Service Provider an invoice for the same aggregate amount as is specified in the Statement if such is payable by the Service Provider to the Company; or (b) the...
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Statement of Account and Invoicing. 1.1 Within twenty five (25) Business Days after the end of each Charging Period, the Company shall submit to the Service Provider a statement of account (the “Statement”) specifying the demonstration of Compliance Payments due in respect of that Charging Period. 1.2 Within twenty (20) Business Days after the date on which the Company submits to the Service Provider a Statement, the Service Provider shall either: (a) where the Service Provider agrees with the Statement’s accuracy, accept the Self Billing Invoice from the Company for the same aggregate amount as is specified in the Statement or (b) where the Service Provider disputes the Statement’s accuracy, r, acting in good faith, submit to the Company a written notice (the “Claim”) specifying the sum disputed and the grounds of such dispute. Any claim under this Paragraph 1.2 shall be subject to the dispute resolution mechanism set out in Paragraph 3 below. 1.3 The Service Provider shall be deemed to have agreed with the accuracy of the Statement if it fails to submit the Claim to the Company in accordance with Paragraph 1.2.
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Statement of Account and Invoicing. 1.1 Within twenty five (25) Business Days after the end of each Charging Period, the Company shall submit to the Service Provider a statement of account (the “Statement”) specifying the Demonstration of Compliance Payments due in respect of that Charging Period. 1.2 Within twenty (20) Business Days after the date on which the Company submits to the Service Provider a Statement, the Service Provider shall either: (a) where the Service Provider agrees with the Statement’s accuracy, submit to the Company an invoice for the same aggregate amount as is specified in the Statement (the “Invoice”) together with a written notice confirming the accuracy of the Statement; or (b) where the Service Provider disputes the Statement’s accuracy, submit to the Company an Invoice for such sum as the Service Provider, acting in good faith, believes is due together with a written notice (the “Claim”) specifying the sum disputed and the grounds of such dispute. For the avoidance of doubt, the Service Provider shall not be entitled to issue an Invoice for an amount greater than the aggregate amount specified in the Statement. Any claim under this Paragraph 1.2 shall be subject to the dispute resolution mechanism set out in Paragraph 3 below. 1.3 The Service Provider shall be deemed to have agreed with the accuracy of the Statement if it fails to submit the Claim to the Company in accordance with Paragraph 1.2.
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Related to Statement of Account and Invoicing

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