USER’S RIGHT TO WITHDRAW FUNDS. 6.1 If the User is not in default in respect of any amount owed to the Company in respect of the Use of System Charges or any other amount owed by the User under the Agreement, the Company shall permit the release to the User, within two Working Days of receiving the User’s written request for it, of any amount of cash provided by the User by way of Cover which exceeds the amount which the User is required to provide in accordance with this Schedule. 6.2 Interest on the amount deposited in an Escrow Account (at a rate to be agreed by the User with the bank at which such account is held) or on the amount of a Cash Deposit (at a rate to be agreed between the parties) shall accrue for the benefit of the User.
Appears in 3 contracts
Samples: Agreement for Use of the Electricity Distribution System, Agreement for Use of the Electricity Distribution System, Agreement for Connection to and Use of Edf Energy Networks (Epn) Plc’s Distribution System
USER’S RIGHT TO WITHDRAW FUNDS. 6.1 If the User is not in default in respect of any amount owed to the Company in respect of the Use of System Charges or any other amount owed by the User under the Agreement, the Company shall permit the release to the User, within two Working Days of receiving after the User’s written request for ittherefor, of any amount of cash provided by the User by way of Cover which exceeds the amount which the User is required to provide in accordance with this Schedule.
6.2 Interest on the amount deposited in an Escrow Account (at a rate to be agreed by the User with the bank at which such account is accounts are held) or on the amount of deposited in the Escrow Account or as a Cash Deposit (at a rate to be agreed between the parties) shall accrue for the benefit of the User.shall
Appears in 1 contract
Samples: Collateral Agreement
