LATE-PAYMENT INTEREST. (A) Without prejudice to any action for cancellation that may be exercised, and any remedy or right to which the Funds might be entitled under the terms of this Agreement, if for any reason the Borrower has failed to meet any payment obligation under this Agreement in a timely manner, the Borrower shall, without the need for any demand, incur in favour of the Fund late-payment interest payable on those amounts that it did not pay when it should have done.
