Common use of Interest on late payments, etc Clause in Contracts

Interest on late payments, etc. 11.4.1 In case of delayed payment from the DEA to the Operator, the Operator will be entitled to interest set at the default interest rate applicable to delayed payments (in Danish: “morarente”) fixed in section 5 (1) of the Danish Interest Act (in Danish: “renteloven”).

Interest on late payments, etc. 11.4.1 15.4.1 In case of delayed payment from the DEA to the Operator, the Operator will be entitled to interest set at the default interest rate applicable to delayed payments (in Danish: “morarente”) fixed in section 5 (1) of the Danish Interest Act (in Danish: “renteloven”)) (Consolidation) Act no. 459 of 13 May 2014 with the requirements etc. laid down in subsequent amendments applicable from time to time.