4.3. ERMUSR 05-10-2011 - Laserfiche WebLink

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Transmission Owner Services and Asset Assignment Agreement Section 602. Billing Statement. (a) On or before the first day of each month of each Contract Year or other time period as determined by CMMPA (with reasonable prior notice to the Participant), CMMPA shall prepare and deliver to the Participant, including by facsimile, email, or other electronic transmission, a Billing Statement showing: (i) amounts due for Transmission Owner Services provided by CMMPA with respect to CMMPA-Owned Transmission Projects, consistent with the Annual Budget; (ii) amounts due for Transmission Owner Services provided by CMMPA with respect to any Participant-Owned Transmission Facilities, consistent with the Annual Budget; (iii) Revenues to be credited, applied, or remitted with respect to CMMPA- Owned Transmission Projects in accordance with Article 5 of this Agreement; (iv) Revenues to be credited, applied, or remitted with respect to Participant- Owned Transmission Facilities in accordance with Article 5 of this Agreement; and (v) net amounts due to or payable by the Participant (b) CMMPA shall have the right to true up the monthly Billing Statement to the extent that estimated amounts included therein vary from actual costs and credits incurred or received by CMMPA. CMMPA shall be permitted to issue and collect, in a single Billing Statement, the Monthly Transmission Owner Services Costs due from the Participant for multiple months, including the current month. Any amounts shown in the Billing Statement to be paid to one party by the other shall be due and payable on the 25~' day of the month, and any amounts due and not paid on or before the close of business on the 25`h day of the month shall be subject to a service charge of one and one-half percent (1%z%) per month. Remittances received by mail will be accepted without assessment of said charges, provided that the postmark indicates that the payment was mailed on or before such day. If the 25`h day of the month is a Sunday or other non-business day of the parties, the next following business day shall be the last day on which payment may be mailed without addition of said charges. (c) Subject to the requirements set forth in Section 602(a), any Billing Statement delivered to the Participant in accordance with Section 602(a), may, but shall not be required to, be combined with billing statements required or permitted to be delivered to the Participant pursuant to other agreements with, or services provided by, CMMPA, including but not limited to any CMMPA-Participant Transmission Project Agreements. 33