Common use of Allocation of Investment Earnings Clause in Contracts

Allocation of Investment Earnings. The interest income and other investment income earned by the Non-Utility Money Pool on loans and on investment of surplus funds will be allocated among the Parties in accordance with the proportion each Party's contribution of funds in the Non-Utility Money Pool bears to the total amount of funds in the Non-Utility Money Pool and the cost of any External Sources provided to the Non-Utility Money Pool by such Party. Interest and other investment earnings will be computed on a daily basis and settled once per month.

Appears in 5 contracts

Samples: Utility Money Pool Agreement (Scana Corp), Utility Money Pool Agreement (Scana Corp), Non Utility Money Pool Agreement (Cp&l Energy Inc)

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Allocation of Investment Earnings. The interest income and other investment income earned by the Non-Utility Money Pool on loans and on investment of surplus funds will be allocated among the Parties in accordance with the proportion each Party's contribution of funds in the Non-Utility Money Pool bears to the total amount of funds in the Non-Non- Utility Money Pool and the cost of any External Sources provided to the Non-Non- Utility Money Pool by such Party. Interest and other investment earnings will be computed on a daily basis and settled once per month.

Appears in 1 contract

Samples: Non Utility Money Pool Agreement (Powergen PLC)

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Allocation of Investment Earnings. The interest income and other investment income earned by the Non-Utility Nonutility Money Pool on loans and on investment of surplus funds will be allocated among the Parties in accordance with the proportion each Party's contribution of funds in the Non-Utility Nonutility Money Pool bears to the total amount of funds in the Non-Utility Nonutility Money Pool and the cost of any External Sources provided to the Non-Utility Nonutility Money Pool by such Party. Interest and other investment earnings will be computed on a daily basis and settled once per month.

Appears in 1 contract

Samples: Nonutility Money Pool Agreement (Keyspan Corp)

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