Interest on Late Payment or Refund. A late payment charge shall accrue on any late payment or refund as specified herein at the lesser of (a) the prime rate specified in the “Money & Investing” section of The Wall Street Journal (or, if such rate is not published therein, in a successor index mutually selected by the Parties) plus 1% per cent, and (b) the maximum rate permitted by applicable Law in transactions involving entities having the same characteristics as the Parties (the “Late Payment Rate”).
Appears in 5 contracts
Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement
Interest on Late Payment or Refund. A late payment charge shall accrue on any late payment or refund as specified herein above at the lesser of (a) the prime rate specified in the “Money & Investing” section of The Wall Street Journal (or, if such rate is not published therein, in a successor index mutually selected by the Parties) plus 1% per cent, and (b) the maximum rate permitted by applicable Law in transactions involving entities having the same characteristics as the Parties (the “Late Payment Rate”).Rate”).
Appears in 3 contracts
Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement
Interest on Late Payment or Refund. A late payment charge shall accrue on any late payment or refund as specified herein above at the lesser of (a) the prime rate specified in the “Money & Investing” section of The Wall Street Journal (or, if such rate is not published therein, in a successor index mutually selected by the Parties) plus one percent (1% per centcent,%), and (b) the maximum rate permitted by applicable Law in transactions involving entities having the same characteristics as the Parties (the “Late Payment Rate”).
Appears in 2 contracts
Interest on Late Payment or Refund. A late payment charge shall accrue on any late payment or refund as specified herein above at the lesser of (a) the prime rate specified in the “Money & Investing” section of The Wall Street Journal (or, if such rate is not published therein, in a successor index mutually selected by the Parties) plus 1% per cent(one percent), and (b) the maximum rate permitted by applicable Law in transactions involving entities having the same characteristics as the Parties (the “Late Payment Rate”).
Appears in 2 contracts
Interest on Late Payment or Refund. A late payment charge shall accrue on any late payment or refund as specified herein above at the lesser of (a) the prime rate specified in the “Money & InvestingRates” section of The Wall Street Journal (or, if such rate is not published therein, in a successor index mutually selected by the Parties) plus 1% per centtwo percent (2%), and (b) the maximum rate permitted by applicable Law in transactions involving entities having the same characteristics as the Parties (the “Late Payment Rate”).
Appears in 1 contract
Samples: Power Purchase Agreement
Interest on Late Payment or Refund. A late payment charge shall accrue on any late payment or refund as specified herein aboveherein at the lesser of (a) the prime rate specified in the “Money & Investing” section of The Wall Street Journal (or, if such rate is not published therein, in a successor index mutually selected by the Parties) plus 1% per cent, and (b) the maximum rate permitted by applicable Law in transactions involving entities having the same characteristics as the Parties (the “Late Payment Rate”).
Appears in 1 contract
Samples: Power Purchase Agreement
Interest on Late Payment or Refund. A late payment charge shall accrue on any late payment or refund as specified herein at the lesser of (a) the prime rate specified in the “Money & Investing” section of The Wall Street Journal (or, if such rate is not published therein, in a successor index mutually selected by the Parties) plus one percent (1% per cent%), and (b) the maximum rate permitted by applicable Law in transactions involving entities having the same characteristics as the Parties (the “Late Payment RateRate ”).
Appears in 1 contract
Samples: Power Purchase Agreement
Interest on Late Payment or Refund. A late payment charge shall accrue on any late payment or refund as specified herein above at the lesser of (a) the prime rate specified in the “Money & Investing” section of The Wall Street Journal (or, if such rate is not published therein, in a successor index mutually selected by the Parties) plus one percent (1% per cent%), and (b) the maximum rate permitted by applicable Law in transactions involving entities having the same characteristics as the Parties (the “Late Payment Rate”).Rate”).
Appears in 1 contract
Samples: Power Purchase Agreement