Common use of Default Interest on late payments Clause in Contracts

Default Interest on late payments. (1) Subject to clause F.17, if either of us does not pay any amount due to the other under this Agreement, the party owed the payment (or the Payment Agent if the DHB is owed), may charge the other party interest from the date payment was due until the amount due is paid ("Default Interest").

Default Interest on late payments. (1) Subject to clause F.17, if either of us does not pay any amount due to the other under this Agreement, the party owed the payment (or the Payment Agent if the DHB D HB is owed), may charge the other party interest from f rom the date payment was due until the amount due is paid ("" Default Interest").