Cash Security. If the Owners provide the Security in the form of cash (the “Cash Security”), the City shall hold the Cash Security in an interest bearing account, with interest accruing at the City of Edmonton Short Term Investment Weighted Average Rate less one and one half percent (1.5%). If the City of Edmonton Short Term Investment Weighted Average Rate less one and one half percent (1.5%) is a negative sum for any period of time, then no interest will accrue on the Cash Security for that period.
Appears in 4 contracts
Samples: Servicing Agreement, Showhome Agreement, Servicing Agreement
