Common use of Undercharging and Overcharging Clause in Contracts

Undercharging and Overcharging. ‌ (a) If you have been undercharged in a ▇▇▇▇, you must pay the undercharged amount to us plus interest from and including the date the undercharged amount would have been payable had it been charged at the right time to but excluding the date of full and final payment.‌ (b) If you have been overcharged in a ▇▇▇▇, we must reimburse the overcharged amount to you plus interest from and including the date the overcharged amount was paid to but excluding the date of full and final reimbursement. (c) Interest under clause 5.4(a) or 5.4(b) is payable at the rate charged by the Commonwealth Bank of Australia for sums up to $100,000.‌

Appears in 1 contract

Sources: Electricity Supply Agreement

Undercharging and Overcharging. (a) If you have been undercharged in a ▇▇▇▇, you must pay the undercharged amount to us plus interest from and including the date the undercharged amount would have been payable had it been charged at the right time to but excluding the date of full and final payment.‌payment. (b) If you have been overcharged in a ▇▇▇▇, we must reimburse the overcharged amount to you plus interest from and including the date the overcharged amount was paid to but excluding the date of full and final reimbursement. (c) Interest under clause 5.4(a) or 5.4(b) is payable at the rate charged by the Commonwealth Bank of Australia for sums up to $100,000.‌100,000.

Appears in 1 contract

Sources: Electricity Supply Agreement