1994 AGN DEC 20 I11 - Laserfiche WebLink

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e. All Colton deliveries of surplus energy or capacity to Banning, and all Banning deliveries of surplus energy or capacity to Colton under this Agreement shall be at points of delivery mutually agreed to by the Parties' schedulers, dispatchers, or Authorized Representatives. 3. Payment a. On or before the 10th day of the month following a month in which transactions occur hereunder, the Party making deliveries shall render a bill to the receiving Party for such transactions. The receiving Party shall pay such bill on or before the 20th day following its receipt. Bills or portions of bills which are not paid by the due date shall thereafter accrue an interest charge at the interest rate of one percent (I%) per month or the maximum rate permitted by law, whichever is less, from the due date until such payment is made. b. In the event any portion of any bill is in dispute, the disputed amount shall be paid under protest when due. Disputes shall be discussed and resolved by the Authorized Representatives, who shall use their best efforts to amicably and promptly resolve the disputes. Upon determination of the correct billing amount, the proper adjustment shall be paid promptly after such determination, with interest accrued at the rate of one percent (I%) per month or the maximum rate permitted by law, whichever is less, computed from the date payment is received to the date the adjustment is made. C. Any obligation to make payment for capacity, energy, transmission service, or other services sold or exchanged under this Agreement shall survive termination of this Agreement until satisfied. d. All billings and payments to Banning shall be sent to: 3900 Main Street, 4th Floor Riverside, CA 92527-0600 Attn: Power Agency of California e. All billings and payments to Colton shall be sent to: 3900 Main Street, 4th Floor Riverside, California 92527-0600 Attention: Power Agency of California The Parties may at any time, by written notice to the other Party, change the address to which billings and payments shall be sent. 4. Authorized Representatives - Each party shall designate an Authorized Representative who shall be authorized to act on its behalf with respect to those matters contained herein