Template:Nutshell PGMSLA 15: Difference between revisions
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{{gmslaprov|15}}. Interest: If either Party fails to make payments when due it must pay interest on the outstanding balance between the original due date and the date of actual payment at the default interest rate set out in paragraph {{gmslaprov|11.7}}. Interest will compound and accrue daily on an [[actual/actual]] basis. No interest is payable on any day where one Party tries to make a payment the other cannot receive it. | {{gmslaprov|15}}. '''Interest''': If either {{pgmslaprov|Party}} fails to make payments when due it must pay interest on the outstanding balance between the original due date and the date of actual payment at the [[default interest]] rate set out in paragraph {{gmslaprov|11.7}}. Interest will compound and accrue daily on an [[actual/actual]] basis. No interest is payable on any day where one {{pgmslaprov|Party}} tries to make a payment the other cannot receive it. | ||
Latest revision as of 13:44, 6 December 2018
15. Interest: If either Party fails to make payments when due it must pay interest on the outstanding balance between the original due date and the date of actual payment at the default interest rate set out in paragraph 11.7. Interest will compound and accrue daily on an actual/actual basis. No interest is payable on any day where one Party tries to make a payment the other cannot receive it.