Common use of Accounting and Interest Clause in Contracts

Accounting and Interest. NCPA shall maintain a detailed accounting of each Participant’s deposits into and shares of withdrawals from the Security Account. Interest earned on the Security Account shall be proportionately credited to the Participants in accordance with their Security Account balances. Any losses in the Security Account caused by early termination of investments shall be allocated among the Participants in accordance with their proportionate Participation Percentages.

Accounting and Interest. NCPA shall maintain a detailed accounting of each Participant’s deposits into and shares of withdrawals from the Security Account. Monies on deposit in the Security Account shall be invested by NCPA in accordance with the Investment Policy adopted by the NCPA Commission. Interest earned on the Security Account shall be proportionately credited to the Participants in accordance with their the balances in each Participant’s Security Account balancesAccount. Any losses in the Security Account caused by early termination of investments or otherwise shall be allocated among the Participants in accordance with their proportionate Participation Subscription Percentages.