Common use of Refundable Advance Clause in Contracts

Refundable Advance. The amount of the refundable advance must be no greater than 1.5 times the average bill if you are on quarterly billing. If you are on monthly billing the refundable advance must be no greater than 2.5 times the average monthly bill. Average billing must be calculated with reference to the consumption of similar Customers or business types. The refundable advance will be kept in a separate trust account which will be separately identified in the Retailer’s accounting records. Interest will accrue on the refundable advance at the average bank bill rate on the Bank Xxxx Xxxx (BBSW) page of Reuters. Interest will accrue daily and will be capitalised every 90 days. The Retailer will only use the refundable advance (plus any accrued interest) to offset any amount owed by the Customer to the Retailer:

Refundable Advance. The amount of the refundable advance must shall be no greater than 1.5 times the average bill if you are on quarterly billing. If you are on monthly billing the refundable advance must shall be no greater than 2.5 times the average monthly bill. Average billing must shall be calculated with reference to the consumption of similar Customers or business types. The refundable advance will be kept in a separate trust account which will be separately identified in the Retailer’s accounting records. Interest will accrue on the refundable advance at the average bank bill rate on of the Bank Xxxx Xxxx (BBSW) page of ReutersCommonwealth bank. Interest will accrue daily and will be capitalised every 90 days. The Retailer will only use the refundable advance (plus any accrued interest) to offset any amount owed by the Customer to the Retailer:

Refundable Advance. The amount of the refundable advance must shall be no greater than 1.5 times the average bill xxxx if you are on quarterly billing. If you are on monthly billing the refundable advance must shall be no greater than 2.5 times the average monthly billxxxx. Average billing must shall be calculated with reference to the consumption of similar Customers or business types. The refundable advance will be kept in a separate trust account which will be separately identified in the Retailer’s accounting records. Interest will accrue on the refundable advance at the average bank bill xxxx rate on of the Bank Xxxx Xxxx (BBSW) page of ReutersCommonwealth bank. Interest will accrue daily and will be capitalised every 90 days. The Retailer will only use the refundable advance (plus any accrued interest) to offset any amount owed by the Customer to the Retailer: