Common use of Interest Payments on Cash Deposits Clause in Contracts

Interest Payments on Cash Deposits. (a) Buyer shall make monthly Simple Interest Payments, calculated using the Federal Funds Effective Rate, to Seller on cash amounts posted for the Development Security and Performance Assurance.

Appears in 4 contracts

Samples: Power Purchase and Sale Agreement, Power Purchase and Sale Agreement, Power Purchase and Sale Agreement

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Interest Payments on Cash Deposits. (at) Buyer shall make monthly Simple Interest Payments, calculated using the Federal Funds Effective Rate, to Seller on cash amounts posted for the Development Security and Performance Assurance.

Appears in 1 contract

Samples: Power Purchase and Sale Agreement

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