Common use of Interest on Disputed Amount Clause in Contracts

Interest on Disputed Amount. Where, as a result of the determination of a dispute of the nature referred to in clause 13.5, either party has to pay money to the other then, in addition to such payment, interest shall be payable thereon from the date of the disputed invoice until actual payment at a rate equal to the Interest Rate calculated on a Daily basis.

Interest on Disputed Amount. Where, Where as a result of the determination of a dispute of the nature referred to in clause 13.5, Clause 14.4 either party Party has to pay money to the other thenother, then in addition to such payment, interest calculated on a daily basis (but not compounded) shall be payable thereon from the due date for payment of the disputed invoice until actual payment at a rate equal to the Interest Rate calculated on a Daily basisRate.