Interest Penalty. If any amounts due and payable under this Agreement are not paid when due, interest will accumulate on such amounts at the rate of four percent (4%) per annum until paid. This interest penalty may be reduced or waived by the Party entitled to receive it in light of actual circumstances, including the reason for any delay in payment.
Appears in 13 contracts
Samples: Management Services Agreement (Ezagoo LTD), Management Services Agreement, Management Services Agreement (Yichunfeng (China) Biohealth LTD)
