Violation of Payment. If the Employer fails to make Fringe Benefit contributions in accordance with this Agreement, the Union shall have the right to take economic action against such Employer. The Employer agrees to pay all attorney fees, service charges, court costs and auditing fees necessary to effect an examination of his books or cost of litigation necessary for the collection of monies due as a result of such examination. The Employer further agrees to pay interest in the amount of prime rate plus three percent (3%) monthly on the delinquent amount owed.
Appears in 5 contracts
Samples: Contractors Labor Agreement, Contractors Labor Agreement, Contractors Labor Agreement
