Common use of Interest on Cash Clause in Contracts

Interest on Cash. If Seller provides Performance Assurance in the form of cash, Buyer shall pay interest on such cash held as [For Agreements with Delivery Terms greater than two years: CPUC Approval Security,] Development Period Security, Construction Period Security, or Delivery Term Security, as applicable, at the Interest Rate. On or before each Interest Payment Date, Buyer shall transfer the sum of all accrued and unpaid Interest Amounts due to Seller for such security in the form of cash by wire transfer to the bank account specified under “Wire Transfer” in the Cover Sheet.

Appears in 4 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement

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Interest on Cash. If Seller provides Performance Assurance in the form of cash, Buyer shall pay interest on such cash held as [For Agreements with Delivery Terms greater than two years: CPUC Approval Security,] , Development Period Security, Construction Period Security, or Delivery Term Security, as applicable, at the Interest Rate. On or before each Interest Payment Date, Buyer shall transfer the sum of all accrued and unpaid unpaid‌ Interest Amounts due to Seller for such security in the form of cash by wire transfer to the bank account specified under “Wire Transfer” in the Cover Sheet.

Appears in 4 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement

Interest on Cash. If Seller provides Performance Assurance in the form of cash, Buyer shall pay interest on such cash held as [For Agreements with Delivery Terms greater than two years: CPUC Approval Security,] Development Period Security, Construction Period Security, Security or Delivery Term Security, as applicable, at the Interest Rate. On or before each Interest Payment Date, Buyer shall transfer the sum of all accrued and unpaid Interest Amounts due to Seller for such security in the form of cash by wire transfer to the bank account specified under “Wire Transfer” in the Cover Sheet.

Appears in 3 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement

Interest on Cash. If Seller provides Performance Assurance in the form of cash, Buyer shall pay interest on such cash held as [For Agreements with Delivery Terms greater than two years: CPUC Approval Security,] , Development Period Security, Construction Period Security, or Delivery Term Security, as applicable, at the Interest Rate. On or before each Interest Payment Date, Buyer shall transfer the sum of all accrued and unpaid Interest Amounts due to Seller for such security in the form of cash by wire transfer to the bank account specified under “Wire Transfer” in the Cover Sheet.

Appears in 3 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement, Green Tariff Power Purchase Agreement

Interest on Cash. If Seller provides Performance Assurance in the form of cash, Buyer shall pay interest on such cash held as [For Agreements with Delivery Terms greater than two years: CPUC Approval Security,] Development Period Security, Construction Period Security, Security or Delivery Term Security, as applicable, at the Interest Rate. On or before each Interest Payment Date, Buyer shall transfer the sum of all accrued and unpaid Interest Amounts due to Seller for such security in the form of cash by wire transfer to the bank account specified under “Wire Transfer” in the Cover Sheet.

Appears in 2 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement

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Interest on Cash. If Seller provides Performance Assurance in the form of cash, Buyer shall pay interest on such cash held as [For Agreements with Delivery Terms greater than two years: CPUC Approval Security,] Development Period Security, Construction Period Security, or Delivery Term Security, as applicable, at the Interest Rate. On or before each Interest Payment Date, Buyer shall transfer the sum of all accrued and unpaid Interest Amounts due to Seller for such security in the form of cash by wire transfer to the bank account specified under “Wire Transfer” in the Cover Sheet.

Appears in 1 contract

Samples: Power Purchase Agreement

Interest on Cash. If Seller provides Performance Assurance in the form of cash, Buyer shall pay interest on such cash held as [For Agreements with Delivery Terms greater than two years: CPUC Approval Security,] Development Period Security, Construction Period Security, or Delivery Term Security, as applicable, Security at the Interest Rate. On or before each Interest Payment Date, Buyer shall transfer the sum of all accrued and unpaid Interest Amounts due to Seller for such security in the form of cash by wire transfer to the bank account specified under “Wire Transfer” in the Cover Sheet.

Appears in 1 contract

Samples: Power Purchase Agreement

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