Common use of INTEREST ON DELAYED PAYMENT Clause in Contracts

INTEREST ON DELAYED PAYMENT. In case interest is charged on the Allottee on any payments in terms of this Agreement, the Allottee shall be liable to pay GST/taxes as applicable on such interest. The interest together with applicable GST/taxes shall be paid immediately on demand made in that respect by the Owners/Developer to the Allottee.

INTEREST ON DELAYED PAYMENT. In case interest is charged on the Allottee on any payments in terms of this Agreement, the Allottee shall be liable to pay GST/taxes as applicable on such interest. The interest together with applicable GST/taxes shall be paid immediately on demand made in that respect by the OwnersOwner/Developer Vendor to the Allottee.

INTEREST ON DELAYED PAYMENT. In case interest is charged on the Allottee on any payments in terms of this Agreement, the Allottee shall be liable to pay GST/taxes as applicable GST on such interestinterest too, as may be applicable from time to time. The interest together with applicable GST/taxes GST shall be paid immediately on demand made in that respect by the Owners/Developer Owner to the Allottee.