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547 548 549 550 551 552 SS3 554 555 556 557 558 559 560 561 562 563 564 565 566 567 568 569 570 571 572 573 574 575 576 577 578 579 580 581 582 583 584 385 586 587 588 589 590 591 592 Costs and other amounts payable by the Project A Participants for any Power Supply Yeaz exceed the amount thereof which [CITY NAME] and the other Project A Participants have been billed, [CITY NAME] and the other Project A Participants shall pay SCPPA, within 20 days of receipt of SCPPA's invoice, the amount to which SCPPA is entitled. If, on the basis of the statement submitted pursuant to this Section 7.4, the actual aggregate Project A Monthly Power Cosu or other amounts payable by the Project A Participanu for any Power Supply Yeaz are less than the amount therefor which [CITY NAME] and the other Project A Participants have been billed, SCPPA shall, unless othenvise d'uected by [CITY NAME] or any other Project A Participants with respect to moneys owed to each, credit such excess against [CITY NAME]'s and the other Project A Participants' next monthly Billing Statement. In the event that the failure of [CITY NAME] to make its payments in accordance with this Agreement shall have resulted in the application of amounts in any reserve or working capital fund under [he Project A Indenture to the payment of costs payable from such reserve or working capital fund and the other Project Participants shall have made up the deficiency created by such application or paid additional amounts as a result of a draw on such reserve or working capital fund, amounts thereafter paid to SCPPA by [CITY NAME] for application to such past due payments including interest may be repaid to such Project Participants or credited on the Billing Statements of such other Project Participants in the next Month or Months as provided for in Section 15. 7.5 Reconciliation of Fuel Cost Budeet. Except as otherwise determined by the Coordinating Committee, as soon as practicable afrer the end of each three-month period of a Power Supply Yeaz, SCPPA shall compaze the actual fuel costs payable during such period with the amount billed for the fuel cost component of Project A Monthly Power Costs during such period, and SCPPA shall increase or decrease, as necessary, the fuel cost component of each Project A ParticipanYs Billing Statement for the next Month to reflect the difference between the amount billed for the fuel wst component and the amount payable for the fuel cost component for the previous three-month period. 7.6 Interest on Late Paytnents. If [CI71' NAME] fails to pay any Billing Statement when due, interest shall accrue, to the extent permitted by ]aw, at a rate equal to the greater of (i) one percent per month on the unpaid amount of the bil] or (ii) the monthly equivalent of the "prune" rate of interest as noticed in the Federal Reserve's HR 15 weekly bulletin (or the subsequent equivalent thereo� as of the date of nonpayment, plus three percent (3%) on the unpaid amount of the bill, until such Billing Statement is paid. 7.7 Preoavment of Project A Monthly Power Costs. [CI7'Y NAME] may, at any tune, pay moneys to SCPPA or utilize any credits due or amounts owed by SCPPA to [CITY NAME] under any Project Agreement for Ihe pwpose of prepaying its Montlily Billing Statement. Such moneys and amounts owed by SCPPA under any Project Agreement shal] be deposited into an account established by, or at the direction of, SCPPA. Moneys in such account shall be invested pursuant to instructions provided to SCPPA by [CITY NAME] and all investment income shall be credited to such account. Payment of the amount of any Monthly Billing Statement, Default Invoice or Step-Up Invoice shall be made from moneys available in such account to the extent set forth in written duections from [CITY NAME] to SCPPA received at least five business days prior to the due date of such payment. Any credit or prepayment with respect to its Monthly Billing Statement shall not relieve or reduce [CITY NAME]'s obligation under this Agreement to make payments with r�spect to a Step-Up Invoice as provided in Section 15.11 hereof. 45049822.18 (PSA Praject A) 14