Common use of Interest on Unpaid Balances Clause in Contracts

Interest on Unpaid Balances. In addition to any other rights or remedies, legal or equitable, available to GTC, interest on any unpaid amounts (other than on amounts paid in escrow under Section 9.3) shall be charged up to the maximum rate allowable under applicable Georgia law (O.C.G.A. Section 7-4-2 (a)(1), as amended). Interest on delinquent amounts shall be calculated from the due date of the ▇▇▇▇ to the date of payment. When payments are made by mail, bills shall be considered as having been paid on the date of receipt by GTC.

Appears in 2 contracts

Sources: Affected System Agreement, Affected System Agreement

Interest on Unpaid Balances. In addition to any other rights or remedies, legal or equitable, available to GTC, interest on any unpaid amounts (other than on amounts paid in escrow under Section Article 9.3) shall be charged up to the maximum rate allowable under applicable Georgia law (O.C.G.A. Section Article 7-4-2 (a)(1a) (1), as amended). Interest on delinquent amounts shall be calculated from the due date of the ▇▇▇▇ to the date of payment. When payments are made by mail, bills shall be considered as having been paid on the date of receipt by GTC.

Appears in 2 contracts

Sources: Interconnection and Operation and Maintenance Agreement, Interconnection and Operation and Maintenance Agreement

Interest on Unpaid Balances. In addition to any other rights or remedies, legal or equitable, available to GTC, interest on any unpaid amounts (other than on amounts paid in escrow under Section Article 9.3) shall be charged up to the maximum rate allowable under applicable Georgia law (O.C.G.A. Section Article 7-4-2 (a)(1a) (1), as amended). Interest on delinquent amounts shall be calculated from the due date of the ▇▇▇▇ bill to the date of payment. When payments are made by mail, bills shall be considered as having been paid on the date of receipt by GTC.

Appears in 1 contract

Sources: Interconnection and Operation and Maintenance Agreement

Interest on Unpaid Balances. In addition to any other rights or remedies, legal or equitable, available to GTC, interest on any unpaid amounts (other than on amounts paid in escrow under Section 9.3) shall be charged up to the maximum rate allowable under applicable Georgia law (O.C.G.A. Section 7-4-2 (a)(1a) (1), as amended). Interest on delinquent amounts shall be calculated from the due date of the ▇▇▇▇ to the date of payment. When payments are made by mail, bills shall be considered as having been paid on the date of receipt by GTC.

Appears in 1 contract

Sources: Interconnection and Operation and Maintenance Agreement