Interest and Payments. Subject to Clause 21.14, if any party fails to pay any monies due to the other(s) within five Working Days after the date upon which the same shall fall due under this Agreement then whether before or after any Court judgment the paying party shall pay the payee interest thereon at the Prescribed Rate calculated on a daily basis from the date such monies became due until the date upon which the payee shall receive the same.
Appears in 4 contracts
Samples: Development Agreement, Development Agreement, Development Agreement
