Common use of Interest on Cash Held by Companies Clause in Contracts

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. Each of the 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 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. Each of the The Companies shall make interest payments on the first Business Day after the fifth (5th) day 5th)day of each Billing Period.

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 LRTP 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 LRTP Supplier. The statement will be sent to the BGS-FP LRTP 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. 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 LFP Supplier and directly held by or on behalf of each of the Companies pursuant to this Agreement. Each Billing Period, each of Period the Companies will prepare a statement of interest amounts due to the BGS-FP LFP Supplier. The statement will be sent to the BGS-FP LFP 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.