Common use of Paragraph 4th Clause in Contracts

Paragraph 4th. The delay in payment the burden foreseen in the clause will imply in the charge of an interest on arrears fine in the amount of 0.33% per day, up to the limit of 10% (ten per cent), added by the referential tax SELIC for Federal titles, to be applied on the value of the debt considering every day the payment is delayed.

Appears in 6 contracts

Samples: Grant Contract (Telesp Holding Co), Grant Contract (Telesp Holding Co), Grant Contract (Telesp Holding Co)

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