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.
Appears in 20 contracts
Samples: Master Agreement, Master Agreement, Master Agreement
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.
Appears in 5 contracts
Samples: Default Service, Default Service Supplier Master Agreement, Default Service
Interest on Cash Held by Company. β 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.
Appears in 2 contracts
Samples: Default Supplier Master Agreement, Master Agreement
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.month.β
Appears in 2 contracts
Samples: Master Agreement, Master Agreement
Interest on Cash Held by Company. The Company Companies 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 Companies pursuant to this Agreement. Each Billing Month, Month the Company SSO Supplier will prepare a statement of interest amounts due to from the DS SupplierCompanies. The statement will be sent to the DS Supplier Companies within three (3) Business Days after the end of the Billing Month via overnight mail or other expeditious means. The Company shall Companies will make interest payments on the first Business Day after the 5th day of each calendar month.
Appears in 1 contract
Samples: Master Sso Supply Agreement (Jersey Central Power & Light Co)
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 5 th day of each calendar month.
Appears in 1 contract
Samples: Master Agreement
