Common use of Interest on Unpaid Sums Clause in Contracts

Interest on Unpaid Sums. If any relevant Obligor does not pay any sum payable by it under this Agreement on its due date in accordance with the provisions of clause 20 or if any sum due and payable by any relevant Obligor under any judgment of any court in connection with this Agreement is not paid on the date of such judgment, it shall pay interest on the balance for the time being outstanding (such balance being referred to in this Agreement as the "UNPAID SUM") for the period beginning on such due date or, as the case may be, the date of such judgment, in accordance with the provisions of this clause 18.