Interest on liability merged in judgment or order. (a) If a liability under this Deed becomes merged in a judgment or order, then the Contractor or the Land Owner (as applicable) agree to pay interest to the Council on the amount of that liability as an independent obligation. This interest accrues from the date the liability becomes due for payment both before and after the judgment or order until it is paid, at a rate that is the higher of the rate payable under the judgment or order and the rate referred to in this clause 13.
Interest on liability merged in judgment or order. If a liability under this Deed becomes merged in a judgment or order, then the Developer agrees to pay interest to the Minister on the amount of that liability as an independent obligation. This interest accrues from the date the liability becomes due for payment both before and after the judgment or order until it is paid, at a rate that is the higher of the rate payable under the judgment or order and the rate referred to in this clause 13. The Developer's obligation to pay the outstanding amount on the date it becomes due for payment is not affected by any other provision of this Deed.
Interest on liability merged in judgment or order. If a liability under this deed becomes merged in a judgment or order, then the Developer agrees to pay interest to WSPT on the amount of that liability as an independent obligation. The interest accrues both before and after that judgment or order from the date the liability was due for payment until it is paid, at a rate that is the higher of the Interest Rate and the rate payable under the judgment or order.
