Yield. Seller shall pay Yield with respect to the Capital of each Investor Interest of each Conduit Investor for each day that any Capital in respect of such Investor Interest is outstanding at the applicable CP Rate; provided that any Investor Interest of a Conduit Investor, or portion thereof, which such Conduit Investor is not then funding the proceeds of Commercial Paper shall accrue Yield pursuant to Article IV.
Appears in 4 contracts
Samples: Receivables Purchase Agreement (Colorado Interstate Gas Co), Receivables Purchase Agreement (Anr Pipeline Co), Receivables Purchase Agreement (Southern Natural Gas Co)
Yield. Seller shall pay Yield with respect to the Capital of associated with each Investor Purchaser Interest of each Conduit Investor for each day that any Capital in respect of such Investor Purchaser Interest is outstanding at the applicable CP Rateoutstanding; provided provided, that any Investor Interest of a Conduit InvestorPurchaser Interest, or portion thereof, which such Conduit Investor which, or an undivided interest in which, is not then funding being funded by the proceeds of Commercial Paper shall Financial Institutions pursuant to the Liquidity Agreement will accrue Yield pursuant to Article IV. Each Purchaser Interest funded substantially with Pooled Commercial Paper will accrue Yield at the CP Rate for each day.
Appears in 2 contracts
Samples: Receivables Purchase Agreement (CMS Energy Corp), Receivables Purchase Agreement (CMS Energy Corp)
