Contribution Obligation. Within 60 Calendar Days after the end of each calendar quarter, Duke Capital shall pay to CG&E the Contribution Payment Amount, if any, for such quarter. In the event that Duke Capital shall fail to pay to CG&E the Contribution Payment Amount within five Business Days of the date on which such payment is required to be made pursuant to this Section 2, then the Contribution Payment Amount shall accrue interest from such date through (and including) the date of actual payment at a rate equal to LIBOR (for such day and as redetermined monthly) plus 2.0% per annum.
Appears in 2 contracts
Sources: Keepwell Agreement, Keepwell Agreement (Cincinnati Gas & Electric Co)