REFRIGERATION INDUSTRY PROMOTION FUND. If any Employer is found in default in remitting payments required to be made pursuant to this Agreement and if such default continues for twenty (20) days thereafter, said Employer shall pay to the applicable Fund, as interest, one and one half (1 1/2%) percent per month on any unpaid arrears effective the due date for said funds.
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Samples: Collective Agreement, Collective Agreement, Collective Agreement