Common use of Buyer to Pay Interest for Delay and/or Default Clause in Contracts

Buyer to Pay Interest for Delay and/or Default. The Buyer shall pay, without raising any objection in any manner whatsoever and without claiming any deduction or abatement whatsoever, all bills raised by the Developer/Confirming Party or the Association (upon formation), within 7 (seven) days of presentation thereof, failing which the Buyer shall pay interest @ 18% (eighteen percent) per annum, compoundable monthly, to the Developer/Confirming Party or the Association (upon formation), such interest running till such payment is made. The Buyer also admits and accepts that in the event such bills remain outstanding for more than 2 (two) months, all common services to the Buyer shall be discontinued and the Buyer shall be disallowed from using the Common Portions.

Buyer to Pay Interest for Delay and/or Default. The Buyer admits and accepts that the Buyer shall pay, without raising any objection in any manner whatsoever and without claiming any deduction or abatement whatsoever, all bills raised by the Developer/Confirming Party or the Association (upon formation)Association, within 7 (seven) days of presentation thereof, failing which the Buyer shall pay interest @ 1824% (eighteen twenty four percent) per annum, compoundable monthly, to the Developerdeveloper/Confirming Party or the Association (upon formation)Association, such interest running till such payment is made. The Buyer also admits and accepts that in the event such bills remain outstanding for more than 2 (two) months, the Developer/Association shall be entitled to discontinue all the common facilities, amenities and services to the Buyer shall be discontinued and the Buyer shall be disallowed from using the Common PortionsBuyer.

Buyer to Pay Interest for Delay and/or Default. The Buyer shall payshall, without raising any objection in any manner whatsoever and without claiming any deduction or abatement whatsoever, pay all bills raised by the Developer/Confirming Party or the Association (upon formation), within 7 (seven) days of presentation thereof, failing which the Buyer shall pay interest @ 18% (eighteen percent) per annumannum or part thereof, compoundable monthlyfor the period of delay, computed from the date the payment became due till the date of payment, to the Developer/Confirming Party or the Association (upon formation), such interest running till such payment is made. The Buyer also admits and accepts that in the event such bills remain outstanding for more than 2 (two) months, all common services shall be discontinued to the Buyer shall be discontinued and the Buyer shall be disallowed from using the Common PortionsPortions and the Specified Facilities.

Buyer to Pay Interest for Delay and/or Default. The Buyer shall pay, without raising any objection in any manner whatsoever and without claiming any deduction or abatement whatsoever, all bills raised by the Developer/Confirming Party Developer or the Association (upon formation), within 7 (seven) days of presentation thereof, failing which the Buyer shall pay interest @ 18% (eighteen percent) per annum, compoundable monthly, to the Developer/Confirming Party Developer or the Association (upon formation), such interest running till such payment is made. The Buyer also admits and accepts that in the event such bills remain outstanding for more than 2 (two) months, all common services to the Buyer shall be discontinued and the Buyer shall be disallowed from using the Common Portions.