SBC Interest Payment definition
SBC Interest Payment means, with respect to any amount overpaid by SBC and reimbursable by PSC to SBC under this EPI Agreement and for which this EPI Agreement expressly provides for an interest payment equal to the SBC Interest Payment, an amount equal to the SBC Interest Rate on the amount reimbursable by PSC calculated from the date the amount reimbursable by PSC was overpaid by SBC until the date it is reimbursed to SBC.
Examples of SBC Interest Payment in a sentence
PSC will pay to SBC the SBC Interest Payment for any amounts required to be reimbursed by PSC to SBC as a result of SBC's payment to PSC of amounts that are ultimately determined not to have been due.