Common use of Interest Income on Cash Clause in Contracts

Interest Income on Cash. The Transferee shall pay interest on Cash at the Reference Interest Rate set out in Clause 14.8. Interest Amounts shall be calculated annually and shall be paid within five (5) Business Day following such calculation and received during the preceding month to the account of the Transferor specified in Clause 13.

Appears in 4 contracts

Samples: Electricity Supply Board, Electricity Supply Board, Electricity Supply Board

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