Interest on Cash Held by Companies. The Companies will pay simple interest calculated at the lower of the Interest Index or six percent (6%) per annum on all cash held by the Companies pursuant to this Agreement. If applicable, each Billing Month the XXXX Supplier will prepare a statement of interest amounts due from the Companies. The statement will be sent to the Companies within three (3) Business Days after the end of the Billing Month via overnight mail or other expeditious means. The Companies will make interest payments on the first Business Day after the fifth (5th) day of each calendar month.
Interest on Cash Held by Companies. Duke Energy Ohio will pay simple interest calculated at the lower of the Interest Rate or 6% per annum on all cash held by Duke Energy Ohio pursuant to this Agreement. If applicable, each Billing Period the SSO Supplier will prepare a statement of interest amounts due from Duke Energy Ohio. The statement will be sent to Duke Energy Ohio within three (3) Business Days after the end of the Billing Period via overnight mail or other expeditious means. Duke Energy Ohio will make interest payments on the first Business Day after the fifth (5th) day of each calendar month.
Interest on Cash Held by Companies. Each of the Companies will pay simple interest (not compounded) calculated at the lower of the Interest Index or six (6) percent per annum on all cash posted by the BGS-FP Supplier and directly held by or on behalf of each of the Companies pursuant to this Agreement. Each Billing Period, each of the Companies will prepare a statement of interest amounts due to the BGS-FP Supplier. The statement will be sent to the BGS-FP Supplier within three (3) Business Days after the end of the Billing Period via overnight mail, facsimile or other expeditious means. Each of the Companies shall make interest payments on the first Business Day after the fifth (5th) day of each Billing Period.
Interest on Cash Held by Companies. The Companies will pay simple interest (not compounded) calculated at the lower of the Interest Index or six (6) percent per annum on all cash posted by the BGS-FP Supplier withand directly held by the Companies pursuant to this Agreement. Each Billing Period the Companies will prepare a statement of interest amounts due to the BGS-FP Supplier. The statement will be sent to the BGS-FP Supplier within three (3) Business Days after the end of the Billing Period via overnight mail, facsimile or other expeditious means. The Companies shall make interest payments on the first Business Day after the fifth (5th) day of each Billing Period.
Interest on Cash Held by Companies. AES Ohio will pay simple interest calculated at the lower of the Interest Index or six percent (6%) per annum on all cash held by AES Ohio pursuant to this Agreement. If applicable, each Billing Month the SSO Supplier will prepare a statement of interest amounts due from AES Ohio. The statement will be sent to AES Ohio within three (3) Business Days after the end of the Billing Month via overnight mail or other expeditious means. AES Ohio will make interest payments on the first Business Day after the fifth (5th) day of each calendar month.
Interest on Cash Held by Companies. The Dayton Power and Light Company will pay simple interest calculated at the lower of the Interest Index or six percent (6%) per annum on all cash held by The Dayton Power and Light Company pursuant to this Agreement. If applicable, each Billing Month the SSO Supplier will prepare a statement of interest amounts due from The Dayton Power and Light Company. The statement will be sent to The Dayton Power and Light Company within three (3) Business Days after the end of the Billing Month via overnight mail or other expeditious means. The Dayton Power and Light Company will make interest payments on the first Business Day after the fifth (5th) day of each calendar month.
