Interest on Cash Held by Company. The Company will pay simple interest calculated at the lower of the Interest Index or six (6) percent per annum on all cash held by the Company pursuant to this Agreement. Each Billing Month, the Company will prepare a statement of interest amounts due to the DS Supplier. The statement will be sent to the DS Supplier within three (3) Business Days after the end of the Billing Month via overnight mail or other expeditious means. The Company shall make interest payments on the first Business Day after the 5th day of each calendar month.
Interest on Cash Held by Company. The Company will pay simple interest calculated at the lower of the Interest Index or six (6) percent per annum on all cash held by the Company pursuant to this Agreement. Each Billing Month, the Company will prepare a statement of interest amounts due to the BGS-RSCP Supplier. The statement will be available to the BGS-RSCP Supplier within three (3) Business Days after the end of the Billing Month. The Company shall make interest payments on the first Business Day after the 5th day of each calendar month.
Interest on Cash Held by Company. The Company will pay simple interest calculated at the lower of the Interest Index or six (6) percent per annum on all cash held by the Company pursuant to this Agreement. Each Billing Month, the Company will prepare a statement of interest amounts due to the BGS-CIEP Supplier. The statement will be available to the BGS-CIEP Supplier within three (3) Business Days after the end of the Billing Month. The Company shall make interest payments on the first Business Day after the 5th day of each calendar month.
Interest on Cash Held by Company. The COMPANY will pay simple interest (not compounded) calculated at the lower of six (6) percent per annum or the applicable overnight repurchase interest rate from a Qualified Institution on any Cash posted by the Seller as Performance Security and directly held by the COMPANY pursuant to this Agreement. For purposes of this section, Qualified Institution shall mean any major U.S. commercial bank or a foreign bank with a U.S. office, which has assets of at least $10 billion and a credit rating of at least "A" by Standard and Poor’s or "A2" by Xxxxx'x Investor Services. BILLING AND PAYMENT; RECORDS Invoices. Beginning with the end of the first Month after Delivery has commenced hereunder, Seller shall send COMPANY a statement following the Delivery of AECs after each Month setting forth all amounts due either to the Seller or to COMPANY arising during the preceding Month. The statement shall include (i) after the commencement of the Term, the quantity of AECs that were Delivered by Seller to COMPANY during such Month and the total amount owed by COMPANY for those AECs at the Contract Price, (ii) any interest due to Seller as provided in Section 6.6, and (iii) any other amount due Seller or to COMPANY under this Agreement in respect of such Month (including the amount of any ACP). Such statement shall be sent by Seller to COMPANY no later than fifteen (15) Business Days following the end of the Month of Delivery of AECs for which the statement is applicable.
Interest on Cash Held by Company. The Company will pay simple interest (not compounded) calculated at the lower of the Interest Rate or six (6) percent per annum on any Cash posted by the Seller as Performance Security and directly held by the Company pursuant to this Agreement.
Interest on Cash Held by Company. A Party will pay simple interest calculated at the lower of the Interest Index or six (6) percent per annum on all cash held by the Party pursuant to this Agreement. Each Billing Month, the holding Party will prepare a statement of interest amounts due to the other Party. The statement will be sent to the providing Party within three (3) Business Days after the end of the Billing Month via overnight mail or other expeditious means. The holding Party shall make interest payments on the first Business Day after the 5th day of each calendar month.
Interest on Cash Held by Company. The COMPANY will pay simple interest (not compounded) calculated at the lower of six (6) percent per annum or the applicable overnight repurchase interest rate from a Qualified Institution on any Cash posted by the Seller as Performance Security and directly held by the COMPANY pursuant to this Agreement. For purposes of this section, Qualified Institution shall mean any major U.S. commercial bank or a foreign bank with a U.S. office, which has assets of at least $10 billion and a credit rating of at least "A" by Standard and Poor’s or "A2" by Xxxxx'x Investor Services.
Interest on Cash Held by Company. The Company 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 CPP-B Supplier and directly held by the Company pursuant to this Agreement. Each Billing Period the Company will prepare a statement of interest amounts due to the CPP-B Supplier. The statement will be sent to the CPP-B Supplier within three (3) Business Days after the end of the Billing Period via overnight mail, facsimile or other expeditious means. The Company shall make interest payments on the first Business Day after the fifth (5th) day of each Billing Period.
Interest on Cash Held by Company. The Company will pay simple interest calculated at the Interest Index on all cash held by the Company pursuant to this Agreement. Each Billing Month, the Company will prepare a statement of interest amounts due to the TOU Supplier. The statement will be sent to the TOU Supplier within three (3) Business Days after the end of the Billing Month via overnight mail or other expeditious means. The Company shall make interest payments on the first Business Day after the 5th day of each calendar month.
