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.
Appears in 4 contracts
Samples: Supplier Master Agreement, Supplier Master Agreement, Supplier 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 BGS-CIEP Supplier. The statement will be available sent 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.three
Appears in 4 contracts
Samples: Supplier Master Agreement, Supplier Master Agreement, Master Agreement
