Common use of Default and Consequences of Default Clause in Contracts

Default and Consequences of Default. 11.1 Interest on overdue invoices shall accrue daily from the date when payment becomes due, until the date of payment, at a rate of 4.75% per calendar month (and at Sahara Trailers Campers and RV Centre sole discretion such interest shall compound monthly at such a rate) after as well as before any judgment.

Default and Consequences of Default. 11.1 Interest on overdue invoices shall accrue daily from the date when payment becomes due, until the date of payment, at a rate of 4.75% two and a half percent (2.5%) per calendar month (and at Sahara Trailers Campers and RV Centre sole discretion such interest shall compound monthly at such a rate) after as well as before any judgment.