Statements and Invoicing Sample Clauses

Statements and Invoicing. Wholesaler shall provide a monthly statement to Marketer no later than the fifteenth (15th) day of the month for each prior month’s business; provided, however that if such day falls on a Saturday, Sunday or banking holiday, then payment shall be due on the last preceding Business Day. Each statement shall set forth at least the following minimum information regarding all Commodity Transactions for the preceding month: the date(s) of delivery of each Commodity Transaction; the location(s) of delivery; the volume(s); price(s); the specific gravity and gravity adjustments to the price(s) (where applicable); and the term(s) of payment to the Third Party purchaser or seller. Unless otherwise agreed, all amounts due and owing for the preceding month’s Commodity Transactions shall be due and payable by Wholesaler to Marketer by the twenty-fifth (25th) day of the month following the month in which the Services were performed; provided, however that if such day falls on a Saturday, Sunday or banking holiday, then payment shall be due on the last preceding Business Day. Marketer may dispute amounts on Wholesaler’s invoice within six (6) months of receipt thereof, and the Parties shall work in good faith to timely resolve any such disputes. If any undisputed amounts payable by Wholesaler to Marketer under this Agreement are not paid by the due date specified herein, Wholesaler shall pay interest on such past due amount(s) from the due date thereof until such sums are paid in full at the rate equal to the lesser of the prime rate as published in the current edition of The Wall Street Journal plus three percent (3%) or the maximum interest rate permitted by applicable law. Except as expressly provided herein, amounts due to Marketer from Wholesaler shall not be subject to deduction or set-off against any other agreement or obligation of Marketer or its Affiliates, whether or not to Wholesaler. Marketer shall have the right, upon commercially reasonable advance notice to Wholesaler, to obtain electronic or physical copies of all substantiating documents relating to each and every Commodity Transaction, for a period of one (1) year subsequent thereto.