Interest Charged. Fees and other charges made by OCB become due and payable in accordance with the terms within this Agreement and on demand. OCB reserves the right to charge interest on any amount outstanding twenty-eight (28) days after such fees are first demanded. The rate of interest will be 2% per annum above Barclays Bank base rate and chargeable from the date upon which the fee was due.
Appears in 2 contracts
Sources: Property Management Agreement, Property Management Agreement