Default Interest. In the event of the default in payment, the Company shall owe a default interest of 12% p.a. (act/360) of the amount payable to the Crowd-Investor under this contract. For the avoidance of doubt, it is emphasized that amounts are not due for payment (at the time being), if the requirements for payment pursuant to section 8 are not fulfilled. In such a case they do not accrue default interest; but rather continue to bear current interest pursuant to section 5.2. Payment obligation shall fall due at the earliest possible Interest payment date on which the contractual conditions for payment are fulfilled.
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Sources: Information About the Issuer and the Planned Project, Financial Statement