Common use of Repayment of Xxxxx Clause in Contracts

Repayment of Xxxxx. 15.5 The Developer must pay the Recoverable Amount to Homes England within ten (10) Business Days of demand together with interest at two per centum (2%) above the base rate from time to time of the Royal Bank of Scotland, such interest to run from the date upon which the Firm Scheme Grant (or relevant part thereof) overpayment or payment in error (as applicable) was paid to the Developer until the date upon which Homes England receives the repayment required from the Developer under this Clause 15 (Repayment of Xxxxx).

Appears in 5 contracts

Samples: Grant Agreement, assets.publishing.service.gov.uk, assets.publishing.service.gov.uk

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