Common use of Default and Consequences of Default Clause in Contracts

Default and Consequences of Default. 22.1 Interest on overdue invoices shall accrue daily from the date when payment becomes due, until the date of payment, at a rate of two and one half percent (2.5%) per calendar month (and at RJA’s sole discretion such interest shall compound monthly at such a rate) after as well as before any judgment.

Default and Consequences of Default. 22.1 18.1 Interest on overdue invoices shall accrue daily from the date when payment becomes due, until the date of payment, at a rate of two and one a half percent (2.5%) per calendar month (and at RJAJSW’s sole discretion such interest shall compound monthly at such a rate) after as well as before any judgment.

Default and Consequences of Default. 22.1 18.1 Interest on overdue invoices shall accrue daily from the date when payment becomes due, until the date of payment, at a rate of two and one a half percent (2.5%2.5 ) per calendar month (and at RJARKJ’s sole discretion such interest shall compound monthly at such a rate) after as well as before any judgment.

Default and Consequences of Default. 22.1 20.1 Interest on overdue invoices shall accrue daily from the date when payment becomes due, until the date of payment, at a rate of two and one a half percent (2.5%) per calendar month (and at RJARHL’s sole discretion such interest shall compound monthly at such a rate) after as well as before any judgment.