Common use of Monetary Awards Clause in Contracts

Monetary Awards. Any monetary award of the arbitration panel shall be made and payable in U.S. Dollars. Any such monetary award shall accrue interest at the maximum rate allowed under the law of which governs this Agreement, from the date of the notification of the dispute in accordance with Exhibit D to the date when the award is paid in full.

Appears in 2 contracts

Samples: Assignment and Purchase Agreement (South Carolina Electric & Gas Co), Settlement Agreement (South Carolina Electric & Gas Co)

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Monetary Awards. Any monetary award of the arbitration panel shall be made and payable in U.S. Dollars. Any such monetary award shall accrue interest at the maximum rate allowed under the law of which governs this AgreementGuaranty, from the date of the notification of the dispute Dispute in accordance with Exhibit D Section 4.9(b) to the date when the award is paid in full.

Appears in 2 contracts

Samples: Engineering, Procurement and Construction Agreement (Alabama Power Co), Engineering, Procurement and Construction Agreement (Georgia Power Co)

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