Common use of Timing and Method of Payment Clause in Contracts

Timing and Method of Payment. 8.2.1 No later than the tenth (10th) day of each Billing Month of the Term after the first full or partial Billing Month, Supplier shall deliver to Host an invoice showing the amount of the Monthly Production for the previous Billing Month and Supplier’s computation of the Supplier Services Payment in respect thereof.‌ 8.2.2 Said invoice shall credit to Host for said Billing Month the amount due, if any, as rent from Supplier to Host under the Solar Lease Agreement. 8.2.3 If any amount is due after crediting the monthly rent owed by Supplier to Host, not more than forty-five (45) days after receipt of such invoice Host shall pay to Supplier, by wire transfer of immediately available funds to an account specified in writing by Supplier or by any other means agreed to by the Parties in writing from time to time, the amount set forth as due in such invoice. 8.2.4 All payments which are not paid when due shall incur the Interest Rate, as defined in this Power Purchase Agreement.‌‌‌