Form of Deposit. Any security deposit provided pursuant to this Section shall be in the form of an irrevocable letter of credit, bond, cash deposit or other form of security acceptable to the Parties. Any cash deposit provided pursuant to this Agreement shall accrue simple interest at the rate of six percent (6%) annually and shall be payable to when the security deposit is returned.
Appears in 2 contracts
Sources: Interconnection Agreement, Interconnection Agreement