Interest for overdue money. 7.6.1 The Owner must pay to Council interest in accordance with s 227A of the Local Government Act 1989 on any amount due under this Agreement that is not paid by the due date. 7.6.2 If interest is owing, Council will apply any payment made to interest and any balance of the payment to the principal amount.
Appears in 3 contracts
Samples: Planning Agreement, Agreement Under Section 173 of the Planning and Environment Act 1987, Planning Agreement
Interest for overdue money. 7.6.1 7.5.1 The Owner must pay to Council interest in accordance with s 227A of the Local Government Act 1989 on any amount due under this Agreement that is not paid by the due date.
7.6.2 7.5.2 If interest is owing, Council will apply any payment made to interest and any balance of the payment to the principal amount.
Appears in 1 contract
Samples: Agreement Under Section 173 of the Planning and Environment Act 1987
Interest for overdue money. 7.6.1 7.5.1 The Owner must pay to Council interest in accordance with s 227A of the Local Government Act 1989 on any amount due under this Agreement that is not paid by the due date.date.β
7.6.2 7.5.2 If interest is owing, Council will apply any payment made to interest and any balance of the payment to the principal amount.
Appears in 1 contract
Samples: Planning Agreement
Interest for overdue money. 7.6.1 7.7.1 The Owner must pay to Council interest in accordance with s 227A of the Local Government Act 1989 on any amount due under this Agreement that is not paid by the due date.
7.6.2 7.7.2 If interest is owing, Council will apply any payment made to interest and any balance of the payment to the principal amount.
Appears in 1 contract
Samples: Agreement Under Section 173 of the Planning and Environment Act 1987
