Common use of Interest Payments and Assignment Rights Clause in Contracts

Interest Payments and Assignment Rights. Any repayment shall include interest calculated in accordance with the methodology set forth in FERC’s regulations at 18 C.F.R. §35.19a(a)(2)(iii) from the date of any payment for Network Upgrades through the date on which the Interconnection Customer receives a repayment of such payment. Interest shall continue to accrue on the repayment obligation so long as this Agreement is in effect. The Interconnection Customer may assign such repayment rights to any person.

Appears in 34 contracts

Samples: Interconnection Agreement, Generator Interconnection Agreement, Interconnection Agreement

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