Delinquency in Payment. In the event the WCID fails to pay any bills when due and payable, GBRA shall give written notice of such delinquency to the WCID, and if all bills due and unpaid, including interest thereon, are not paid within forty-five (45) days after delivery of such notice, then the WCID agrees that GBRA shall be authorized, at its option, to institute mediation or suit for collection thereof and to collect any amounts due and unpaid, together with interest thereon at the rate of five percent (5%) per annum and reasonable attorneys’ fees.
Appears in 5 contracts
Samples: Contract for Financing and Operation, Contract for Financing and Operation, Contract for Financing and Operation
