Common use of Penalties and Interest Clause in Contracts

Penalties and Interest. If the Lessee does not comply with its obligations under this Lease or with its obligations under GST Legislation in connection with this Lease and as a result the Council becomes liable for penalties or interest for late payment of GST, then the Lessee must pay the Council on demand an amount equal to the amount of the penalties and interest.

Appears in 5 contracts

Samples: Lands Lease Agreement, Lands Lease Agreement, Lands Lease Agreement

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Penalties and Interest. If the Lessee does not comply with its obligations under this the Lease or with its obligations under GST Legislation in connection with this the Lease and as a result the Council becomes liable for penalties or interest for late payment of GST, then the Lessee must pay the Council on demand an amount equal to the amount of the penalties and interest.

Appears in 3 contracts

Samples: Park Lands Lease Agreement, Lands Lease Agreement, Lease Agreement

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