Interest on Deposits. Any interest earned on cash deposits will be credited to CLEC in the amount actually earned or at the rate set forth in Section 8.7 below, whichever is lower, except as otherwise required by law, provided that, for elimination of doubt, the Parties agree that such deposits are not subject to state laws or regulations relating to consumer or End User Customer cash deposits. Cash deposits and accrued interest, if applicable, will be credited to CLEC's account or refunded, as appropriate, upon the earlier of the expiration of the term of this Agreement or the establishment of satisfactory credit with Qwest, which will generally be one full year of consecutive timely payments of undisputed amounts in full by CLEC. Upon a material change in financial standing, CLEC may request, and Qwest will consider, a recalculation of the deposit. The fact that a deposit has been made does not relieve CLEC from any requirements of this Agreement.
Interest on Deposits. The Escrow Bank agrees and undertakes that all interest accruing on the balances of the Escrow Account shall be credited to the Escrow Account; provided that the Escrow Bank shall be entitled to appropriate therefrom the fee and expenses due to it from the Concessionaire in relation to the Escrow Account and credit the balance remaining to the Escrow Account.
Interest on Deposits. Interest will accrue on any deposit, if held more than 30 days, at an annual rate established by the PUCT. Any deposit will be refunded or credited upon request from Customer in the event that:
Interest on Deposits. You will accrue interest on your deposit, if held more than 30 days, at an annual rate established by the PUCT. • Your deposit will be refunded when you have paid your bill for electric service for 12 consecutive months without having any late payments. • When you close your account with NEC Co-op Energy, your membership fee, your deposit and accrued interest, less any outstanding balance owed for electric service, will be refunded to you. Upon request, payment of accrued interest will be made once a year in accordance with PUCT guidelines. Billing and Payment: • You will be billed monthly for your electric service. • You may be issued a bill less frequently than monthly if you and NEC Co-op Energy agree to such an arrangement. • Your bill may be sent electronically in lieu of written mailings if you and NEC Co-op Energy agree to such an arrangement. • You will be charged a monthly service charge of $7.50 (for residential/commercial service under 35 kW demand either 1 or 3 phase) and $34.50 if 35 kW demand or greater. • If a member’s peak kW demand exceeds 500 kW, you agree to be liable for 4CP cost that is determined based on your kW demand usage during each month’s peak 4CP 15 minute interval of June, July, August and September of each year. This cost will be billed in monthly installments or a one-time charge. Termination of service does not excuse you from paying any outstanding 4CP costs. If you have executed a specific generation contract with us, you are responsible for the rate, 4CP costs and fees set out in your electric service rate / generation contract. • You will not be charged a fee to receive a standard bill via U.S. Mail that complies with the bill content requirements of §25.479 of the PUCT Substantive Rules. You may be charged a fee or given a discount if you and NEC Co-op Energy agree to the delivery of a non-standard bill. • Your monthly billing period is approximately 30 days. • NEC Co-op Energy will charge a $15 Nueces Electric Cooperative membership fee. This fee will be identified separately on your first electric bill and is refundable when you terminate all account services with Nueces Electric Cooperative. You will receive an annual allocation notice for patronage capital (“capital credits”). The payment/distribution of capital credits is at the discretion of the Nueces Electric Cooperative Board of Directors. • Transmission and Distribution Service Provider (TDSP) standard per kilowatt hour and fixed monthly customer delivery se...
Interest on Deposits. Interest earned on moneys depos- ited in a fiduciary account is the property of the principal unless otherwise provided in the written agreement required under s. 633.04.
Interest on Deposits. You will accrue interest on your deposit, if held more than 30 days, at an annual rate established by the PUCT. • Your deposit will be refunded when you have paid your bill for electric service for 12 consecutive months without having any late payments. • When you close your account with NEC Retail, your membership fee, your deposit and accrued interest, less any outstanding balance owed for electric service, will be refunded to you. Upon request, payment of accrued interest will be made once a year in accordance with PUCT guidelines. Billing and Payment: You will be billed monthly for your electric service. You may be issued a bill less frequently than monthly if you and NEC Retail agree to such an arrangement. Your bill may be sent electronically in lieu of written mailings if you and NEC Retail agree to such an arrangement. You will be charged a monthly service charge ((1) $7.50 for each residential service, (2) $2.50 for each security light, and (3) $34.50 for each commercial service whose demand is 35kW or greater). You will not be charged a fee to receive a standard bill via U.S. Mail that complies with the bill content requirements of §25.479 of the PUCT Substantive Rules (xxxx://xxx.xxx.xxxxx.xx.xx/rules/subrules/electric/index.cfm) . You may be charged a fee or given a discount if you and NEC Retail agree to the delivery of a non-standard bill. Your monthly billing period is approximately 30 days. NEC Retail will charge a $15 Nueces Electric Cooperative membership fee. This fee will be identified separately on your first electric bill and is refundable when you terminate all account services with Nueces Electric Cooperative. You will receive an annual allocation notice for patronage capital (“capital credits”). The payment/distribution of capital credits is at the discretion of the Nueces Electric Cooperative Board of Directors. Transmission and Distribution Service Provider (TDSP) standard per kilowatt hour and fixed monthly customer delivery service charges are included in the Electricity Facts Label pricing. There may be additional TDSP charges and fees for the establishment of new service, after-hours service, meter testing, service construction/line extensions, All TDSP charges will be passed through on your monthly bill.Bills will be issued within 30 calendar days after obtaining meter usage and other billing information from the TDSP, unless it becomes necessary to validate the supplied usage information and billing informatio...
Interest on Deposits. Increase the rate of interest paid on interest-bearing deposits or on certificates of deposit, except in a manner and pursuant to policies consistent with past practices.
Interest on Deposits. When you open a checking or savings account that pays interest or a certificate of deposit account, we will provide you an Account Disclosure or a Receipt for Time Deposit, stating the applicable interest rate and Annual Percentage Yield (“APY”) for your account. The Account Disclosure and the Receipt for Time Deposit is considered part of this Agreement. See your Account Disclosure or the Receipt for Time Deposit for details.
Interest on Deposits. The interest rate shall be determined at the time of deposit for the term from the deposit date to the day prior to the maturity date. Provided, however, that the interest rate in case of renewing the Time Deposit after the maturity date shall be the interest rate specified by the Bank on the Renewal Date.
Interest on Deposits. 4.1 If the daily final balance (the amount of accepted Instruments shall be excluded from such balance until they are settled) is one (1) Yen (one (1) fractional unit in the case of foreign currency) or more, deposit interest shall accrue for units of one (1) Yen (one (1) auxiliary currency in case of foreign currency) and such interest, calculated at the interest rate prescribed by the Bank, shall be credited to the Customer’s Yen Savings Account on a date prescribed by the Bank.
