Common use of Interest on late payment Clause in Contracts

Interest on late payment. If the contractor does not honour the obligation to pay the amount due by the date set by the contracting authority in the debit note, the amount due bears interest at the rate indicated in Article II.

Interest on late payment. If the contractor Contractor does not honour the obligation to pay the amount due by the date set by the contracting authority Commission or the Participating Member State in the debit notequestion, the amount due bears interest at the rate indicated in Article II.

Interest on late payment. If the contractor does not honour the obligation to pay the amount due by the date set by the contracting authority in the debit note, the amount due bears interest at the rate indicated in Article IIII.20.

Interest on late payment. If the contractor does not honour the obligation to pay the amount due is not honoured by the date set by the contracting authority Contracting Authority in the debit note, the amount due bears shall bear interest at the rate indicated in Article II.

Interest on late payment. If the contractor does not honour the obligation to pay the amount due by the date set by the contracting authority in the debit note, the amount due bears interest at the rate indicated in Article II2.

Interest on late payment. If the contractor does not honour the obligation to pay the amount due by the date set by the contracting authority in the debit note, the amount due bears interest at the rate indicated in Article II9.