In addition, if. a delinquent Individual Employer agrees to pay its delinquency in installments and fails to make such payments in the amount and at the time and place agreed, it is agreed that the amount of damage to each Trust Fund resulting from any such failure shall be by way of liquidated damages and not as a penalty to each such Trust Fund, the sum of the unpaid installment due and unpaid to each such Trust Fund, for each such failure to pay in full within the time provided, which amount shall become due and payable to each such Trust Fund in Alameda, California, or at the place and time otherwise directed by the Trust Funds. The unpaid installment shall bear interest at the rate of ten percent (10%) per annum until paid.
Appears in 6 contracts
Samples: Master Agreement, Master Agreement, Master Agreement
