Common use of THE PAYMENT TERMS Clause in Contracts

THE PAYMENT TERMS. 2.1 The Supplier shall be entitled to charge interest on any undisputed overdue payment at the rate of 2% per annum above the base rate of Royal Bank of Scotland then prevailing, such interest being charged from the date on which the Supplier notifies the Customer of the overdue payment until payment of the amount due has been made.

THE PAYMENT TERMS. 2.1 The Supplier shall be entitled to charge interest on any undisputed overdue payment at the rate of 2% per annum above the base rate of Royal Bank of Scotland then prevailing, such interest being charged from the date on which the Supplier notifies the Customer of the overdue payment until payment of the amount due has been made.