Interest and collection charge on late payment. If any Owner shall fail to pay the Manager any amount payable hereunder within thirty (30) days from the date of demand for payment of such amount, he shall further pay to the Manager:-
(i) Interest calculated at a rate of two per cent (2%) per annum above the prime rate from time to time specified by The Hongkong and Shanghai Banking Corporation Limited in respect of any payment in arrears and such interest shall be payable from the due date until payment; and
(ii) A collection charge of an amount not exceeding ten per cent (10%) of the amount due to cover the cost (in addition to legal costs of proceedings as hereinafter mentioned) of the extra work occasioned by the default. PROVIDED THAT all monies paid to the Manager by way of interest or collection charges shall form part of the Special Fund.
Interest and collection charge on late payment. (a) If any Owner fails to pay the Manager any amount payable under this Deed within 30 days of demand, he shall pay to the Manager:
(i) interest at 2% per annum above the prime rate from time to time specified by The Hongkong and Shanghai Banking Corporation Limited in respect of any payment in arrears from and including the due date to and including the date of payment; and
(ii) a collection charge not exceeding 10% of the amount due to cover the cost (in addition to legal costs (on a solicitor and own client basis) of proceedings involved in recovering them) of the extra work occasioned by the default.
(i) All monies paid to the Manager by way of interest and collection charges by the Owner of any Flat shall be credited to the Special Fund (Towers).
(ii) All monies paid to the Manager by way of interest and collection charges by the Owner of any House shall be credited to the Special Fund (Houses).
(iii) All monies paid to the Manager by way of interest and collection charges by the Owner of any Parking Space shall be credited to the Special Fund (Parking).
Interest and collection charge on late payment. (a) If any Owner fails to pay the Manager any amount due under this Deed within 30 days of demand, he shall pay to the Manager:
(i) interest at 2% per annum above the prime rate from time to time specified by The Hongkong and Shanghai Banking Corporation Limited in respect of any payment in arrears from and including the due date to and including the date of payment; and
(ii) a collection charge not exceeding 10% of the amount due to cover the cost (in addition to legal costs (on a solicitor and own client basis) of proceedings) of the extra work occasioned by the default.
(b) All monies paid to the Manager by way of interest and collection charges by the Owner of any Flat shall be credited to the Special Fund in accordance with Clause 10.4.
Interest and collection charge on late payment. (a) If any Owner fails to pay the Manager any amount payable under this Deed within 30 days of demand, he shall pay to the Manager:
(i) interest at 2% per annum above the prime rate from time to time specified by The Hongkong and Shanghai Banking Corporation Limited in respect of any payment in arrears from and including the due date to and including the date of payment; and
(ii) a collection charge not exceeding 10% of the amount due to cover the cost (in addition to legal costs (on a solicitor and own client basis) of proceedings involved in recovering them) of the extra work occasioned by the default.
(i) All monies paid to the Manager by way of interest and collection charges by the Owner of any Flat shall be credited to the Special Fund (Flats).
(ii) All monies paid to the Manager by way of interest and collection charges by the Owner of any Parking Space shall be credited to the Special Fund (Parking).
Interest and collection charge on late payment. If any Owner (save and except the Owner of the Government Accommodation) shall fail to pay the Manager any amount payable hereunder within thirty (30) days from the date of demand, the Manager may impose on such Owner:-
(a) Interest calculated on the amount remaining unpaid at the rate of 2% per annum above the prime rate from time to time specified by The Hongkong and Shanghai Banking Corporation Limited for the number of days for which it remains unpaid from the due date until the actual date of payment (both dates inclusive); and
(b) A collection charge of not exceeding 10% of the amount due, to cover the cost (in addition to legal costs of proceedings as hereinafter mentioned) of the extra work occasioned by the default.
Interest and collection charge on late payment. (a) If any Owner fails to pay the Manager any amount payable under this Deed within 30 days of demand, he shall pay to the Manager:
(i) interest at 2% per annum above the prime rate from time to time specified by The Hongkong and Shanghai Banking Corporation Limited in respect of any payment in arrears from and excluding the due date to and including the date of payment; and
(ii) a collection charge not exceeding 10% of the amount due to cover the cost (in addition to legal costs (on a solicitor and own client basis) of proceedings involved in recovering them) of the extra work occasioned by the default.
(b) All monies paid to the Manager by way of interest, collection charges and legal costs (on a solicitor and own client basis) (if any) by the Owners shall be credited to the Special Fund.
Interest and collection charge on late payment. (a) If any Owner fails to pay the Manager any amount payable under this Deed within 30 days of demand, he shall pay to the Manager:
(i) interest at 2% per annum above the prime rate from time to time specified by The Hongkong and Shanghai Banking Corporation Limited in respect of any payment in arrears from and including the due date to and including the date of payment; and
(ii) a collection charge not exceeding 10% of the amount due to cover the cost (in addition to legal costs (on a solicitor and own client basis) of proceedings involved in recovering them) of the extra work occasioned by the default.
(i) All monies paid to the Manager by way of interest and collection charges by the Owner of any Platform 1 Residential Unit shall be credited to the Special Fund (Platform 1 Towers).
(ii) All monies paid to the Manager by way of interest and collection charges by the Owner of any Platform 1 Parking Space shall be credited to the Special Fund (Platform 1 Parking).
(iii) All monies paid to the Manager by way of interest and collection charges by the Owner of any Platform 2 House shall be credited to the Special Fund (Platform 2 Houses).
(iv) All monies paid to the Manager by way of interest and collection charges by the Owner of any Platform 2 Flat shall be credited to the Special Fund (Platform 2 Towers).
(v) All monies paid to the Manager by way of interest and collection charges by the Owner of any Platform 2 Parking Space shall be credited to the Special Fund (Platform 2 Parking).
(vi) All monies paid to the Manager by way of interest and collection charges by the Owner of any Platform 3 House shall be credited to the Special Fund (Platform 3 Houses).
Interest and collection charge on late payment. If any Owner shall fail to pay the Manager any amount payable hereunder within thirty
