Interest on Unpaid Sums. If OWNER fails to make any payment due ENGINEER within 60 days for services and expenses and funds are available for the project then the ENGINEER shall be entitled to interest at the rate of percent per annum from said 60th day, not to exceed an annual rate of 12 percent.
Appears in 4 contracts
Samples: Agreement for Engineering Services, Agreement for Engineering Services, Agreement for Engineering Services
Interest on Unpaid Sums. If OWNER fails to make any payment due ENGINEER within 60 days for services and expenses and funds are available for the project then the ENGINEER shall be entitled to interest at the rate of percent per annum from said 60th day, not to exceed an annual rate of 12 percent.
Appears in 1 contract
Samples: Agreement for Engineering Services
