INTEREST ON OVERDUE MONEYS. The Licensee must pay interest to the Licensor on any moneys due and payable under this Licence or on any judgment in favour of the Licensor in an action arising from this Licence until all outstanding moneys including interest are paid in full. The rate of interest applicable is the rate set by the Licensor’s Bank for the time being as its benchmark rates for overdrafts of one hundred thousand dollars ($100,000.00) or more. Interest shall accrue and be calculated daily.
Appears in 7 contracts
Samples: Licence Agreement, www.dubbo.nsw.gov.au, www.dubbo.nsw.gov.au
INTEREST ON OVERDUE MONEYS. The Licensee must shall pay interest to the Licensor on any moneys due and payable under this Licence or on any judgment in favour of the Licensor in an action arising from this Licence until all outstanding moneys including interest are paid in full. The rate of interest applicable is the rate set by the Licensor’s Bank for the time being as its benchmark rates for overdrafts of one hundred thousand dollars ($100,000.00) or more. Interest shall accrue and be calculated daily.
Appears in 4 contracts
Samples: Licence Agreement, Licence Agreement, archive.lithgow.nsw.gov.au
