Common use of Payment and Transfer of Interest Clause in Contracts

Payment and Transfer of Interest. Buyer shall pay interest on cash held as [Project Development Security] or Delivery Term Security, as applicable, at the Interest Rate and on the Interest Payment Date. All accrued interest on the unused [Project Development Security] or Delivery Term Security, if applicable, shall be transferred to Seller in the form of cash by wire transfer to the bank account specified under “Wire Transfer” in Appendix XI, (Notices List). [Short Term Offers from existing ERRs: Seller to replace Project Development Security with Pre-Delivery Term Security]

Payment and Transfer of Interest. Buyer shall pay interest on cash held as [Project Development Security] ], Interim Period Security or Delivery Term Security, as applicable, at the Interest Rate and on the Interest Payment Date. All accrued interest on the unused [Project Development Security] ], Interim Period Security or Delivery Term Security, if applicable, shall be transferred to Seller in the form of cash by wire transfer to the bank account specified under “Wire Transfer” in Appendix XIX, (“Notices List”). [Short Term Offers from existing ERRs: Seller to replace Project Development Security with Pre-Delivery Term Security].

Payment and Transfer of Interest. Buyer shall pay interest on cash held as [Project Development Security] or Delivery Term Security, as applicable, at the Interest Rate and on the Interest Payment Date. All accrued interest on the unused [Project Development Security] or Delivery Term Security, if applicable, shall be transferred to Seller in the form of cash by wire transfer to the bank account specified under “Wire Transfer” in Appendix XIX, (“Notices List”). [Short Term Offers from existing ERRs: Seller to replace Project Development Security with Pre-Delivery Term Security].

Payment and Transfer of Interest. Buyer shall pay interest on cash held as [Project Development Security] or Delivery Term Security, as applicable, at the Interest Rate and on the Interest Payment Date. All accrued interest on the unused [Project Development Security] or Delivery Term Security, if applicable, shall be transferred to Seller in the form of cash by wire transfer to the bank account specified under “Wire Transfer” in Appendix XIV, (Notices List). [Short Term Offers from existing ERRs: Seller to replace Project Development Security with Pre-Delivery Term Security].