Common use of Hourly Calculations Clause in Contracts

Hourly Calculations. The payments of Section 13.3 and receipts of Section 13.4 shall be calculated Hourly, but are accumulated and billed Monthly among the Companies.

Appears in 3 contracts

Sources: Operating Agreement (Southwestern Electric Power Co), Operating Agreement (American Electric Power Co Inc), Operating Agreement (Public Service Co of Oklahoma)

Hourly Calculations. The payments of Section 13.3 and receipts of Section 13.4 shall be 12.3 are calculated Hourly, but are accumulated and billed Monthly among the Companies.

Appears in 3 contracts

Sources: Operating Agreement (Southwestern Electric Power Co), Operating Agreement (American Electric Power Co Inc), Operating Agreement (Public Service Co of Oklahoma)

Hourly Calculations. The payments of Section 13.3 and receipts of Section 13.4 shall be 12.3 are calculated Hourly, but are accumulated and billed Monthly among the Companies.

Appears in 2 contracts

Sources: Operating Agreement (Public Service Co of Oklahoma), Operating Agreement (American Electric Power Co Inc)