Common use of Interest on Deposits Clause in Contracts

Interest on Deposits. Interest will accrue on any deposit, if held more than 30 days, at an annual rate established by the PUCT. Any deposit will be refunded or credited upon request from Customer in the event that: (i) Customer has made twelve (12) consecutive payments without having more than two (2) late payments or (ii) Customer terminates service with Company or closes the locations associated with the ESI IDs. In the case of (ii) above, Customer’s deposit amount plus any accrued interest, minus any outstanding balance owed for electric service, will be refunded to Customer. Additionally, if the customer’s or applicant’s service is not connected, the deposit will be returned. Any return of a deposit plus accrued interest will be made as soon as commercially reasonable, but at least ten (10) business days after the date the Customer terminated the Agreement or applicant’s service was not connected.

Interest on Deposits. Interest will accrue on any deposit, if held more than 30 days, at an annual rate established by the PUCT. Any deposit will be refunded or credited upon request from Customer in the event that: (i) Customer has made twelve (12) consecutive payments without having more than two (2) late payments or (ii) Customer terminates transfers service with from Company or closes the locations associated with the ESI IDs. In the case of of (ii) above, Customer’s deposit amount plus any accrued interest, minus any outstanding balance owed for electric service, will be refunded to Customer. Additionally, if the customer’s 's or applicant’s 's service is not connected, the deposit refund will be returned. Any return Payment of a deposit plus accrued interest will be made once a year as soon as commercially reasonable, but at least ten (10) business days after the date the a credit to Customer’s account if Customer terminated the Agreement or applicant’s service was not connectedcontinues to receive Services from Company.

Interest on Deposits. Interest will accrue on any deposit, if held more than 30 days, at an annual rate established by the PUCT. Any deposit will be refunded or credited upon request from Customer in the event that: (i) Customer has made twelve (12) consecutive payments without having more than two (2) late payments or (ii) Customer terminates service with Company or closes the locations associated with the ESI IDs. In the case of (ii) above, Customer’s deposit amount plus any accrued interest, minus any outstanding balance owed for electric service, will be refunded to Customer. Additionally, if the customer’s or applicant’s service is not connected, the deposit will be returned. Any return of a deposit plus accrued interest will be made as soon as commercially reasonable, but at least ten (10) business days after the date the Customer terminated the Agreement or applicant’s service was not connected.