Common use of Interest on Experience Rebate Clause in Contracts

Interest on Experience Rebate. (1) Interest on any Experience Rebate owed to HHSC shall be charged beginning thirty (30) days after the due date for each settlement, as described in Section 10.11(e). In addition, if any adjusted amount is owed to HHSC at the final settlement date, then interest will be charged on the adjusted amount owed beginning thirty (30) days after the second settlement date to the date of the final settlement payment. HHSC will calculate interest at the Department of Treasury’s Median Rate (resulting from the Treasury’s auction of 13-week bills) for the week in which the liability is assessed.

Interest on Experience Rebate. (1) Interest on any Experience Rebate owed to HHSC shall be charged beginning thirty (30) days after the due date for each settlement, as described in Section 10.11(e10.11.1(e). In addition, if any adjusted amount is owed to HHSC at the final settlement date, then interest will be charged on the adjusted amount owed beginning thirty (30) days after the second settlement date to the date of the final settlement payment. HHSC will calculate interest at the Department of Treasury’s Median Rate (resulting from the Treasury’s auction of 13-week bills) for the week in which the liability is assessed.

Interest on Experience Rebate. (1) Interest on any Experience Rebate owed to HHSC shall be charged beginning thirty (30) days after the due date for each settlement, as described in Section 10.11(e)that the first and second settlements are due. In addition, if any adjusted amount is owed to HHSC at the final settlement date, then interest will be charged on the adjusted amount owed beginning thirty (30) days after the second settlement date to the date of the final settlement payment. HHSC will calculate interest at the Department of Treasury’s Median Rate (resulting from the Treasury’s auction of 13-week bills) for the week in which the liability is assessed.