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

Interest on late payments, etc. 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. 15.4.2 If the DEA disputes a claim for payment made by the Operator in whatever form, the Operator shall be obliged to continue the performance of the Operator’s obligations under the Contract, and shall be entitled to no remedies as a consequence of the DEA not paying the Operator other than interest in case of late payments that the DEA should have made (as provided for in the preceding para- graph). If the claim for payment made by the Operator includes amounts that are not disputed by the DEA, the DEA will pay the undisputed amount in accordance with clause 15.3.

Interest on late payments, etc. 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. 15.4.2 If the DEA disputes a claim for payment made by the Operator in whatever form, the Operator shall be obliged to continue the performance of the Operator’s obligations under the Contract, and shall be entitled to no remedies as a consequence of the DEA not paying the Operator other than interest in case of late payments that the DEA should have made (as provided for in the preceding para- graph). If the claim for payment made by the Operator includes amounts that are not disputed by the DEA, the DEA will pay the undisputed amount in accordance with clause 15.3clause15.3.

Interest on late payments, etc. 15.4.1 16.5.1 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. 15.4.2 16.5.2 If the DEA disputes a claim for payment made by the Operator in whatever form, the Operator shall be obliged to continue the performance of the Operator’s obligations under the Contract, and shall be entitled to no remedies as a consequence of the DEA not paying the Operator other than interest in case of late payments that the DEA should have made (as provided for in the preceding para- graph). If the claim for payment made by the Operator includes amounts that are not disputed by the DEA, the DEA will pay the undisputed amount in accordance with clause 15.316.4.