Payments in the event of a dispute. Where any amount under paragraphs 8.1 or 8.2 is in dispute: (a) where an invoice has already been issued, a credit note shall be issued in respect of the full amount of such invoice; (b) an invoice (or revised invoice, as the case may be) shall be issued in respect of the undisputed amount and the undisputed amount shall be paid in accordance with paragraphs 8.1 or 8.2 as the case may be; (c) an invoice in respect of the disputed amount shall be issued promptly after the dispute is resolved or determined (to the extent that the amount in dispute is adjudged or resolved to be payable) and shall be paid within 20 Working Days of the date of the invoice; and (d) the disputed amount shall carry interest (incurred daily and compounded monthly) at the Default Interest Rate from the date on which such amount would but for such dispute have been due to be paid until the date of payment.
Appears in 7 contracts
Samples: Track Access Contract, Track Access Contract, Track Access Contract
