Common use of Interest on liability merged in judgment or order Clause in Contracts

Interest on liability merged in judgment or order. (a) If a liability under this Agreement becomes merged in a judgment or order, then the Registered Proprietor agrees to pay interest to the Council on the amount of that liability as an independent obligation. This interest accrues from the date the liability becomes due for payment both before and after the judgment or order until it is paid, at a rate that is the higher of the rate payable under the judgment or order and the rate referred to in this Clause 7.

Interest on liability merged in judgment or order. (a) If a liability under this Agreement Deed becomes merged in a judgment or order, then the Registered Proprietor agrees Contractor or the Land Owner (as applicable) agree to pay interest to the Council on the amount of that liability as an independent obligation. This interest accrues from the date the liability becomes due for payment both before and after the judgment or order until it is paid, at a rate that is the higher of the rate payable under the judgment or order and the rate referred to in this Clause 7clause 13.

Interest on liability merged in judgment or order. (a) If a liability under this Agreement becomes merged in a judgment or order, then the Registered Proprietor Applicant agrees to pay interest to the Council on the amount of that liability as an independent obligation. This interest accrues from the date the liability becomes due for payment both before and after the judgment or order until it is paid, at a rate that is the higher of the rate payable under the judgment or order and the rate referred to in this Clause 78.