Common use of Payments in the event of a dispute Clause in Contracts

Payments in the event of a dispute. Where any amount under paragraph 5.1 or 5.2 is in dispute: (a) the undisputed amount shall be paid in accordance with paragraph 5.1 or 5.2 as the case may be; (b) the disputed amount shall be paid within 28 days after the dispute is resolved or determined to the extent that the amount in dispute is adjudged or resolved to be payable; and (c) the disputed amount shall carry interest (incurred daily and compounded monthly) at the Default Interest Rate from the date at which such amount would but for such dispute have been due to be paid.

Appears in 7 contracts

Samples: Track Access Agreement (Passenger Services), Track Access Agreement (Passenger Services), Track Access Agreement

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