Default in Payments. 10.1 In the event that any Constituent Authority fails to make any payment due under this Agreement, the PMO may determine that interest will run from the date following the date upon which the money became due and payable until paid at a rate of 2% per annum above the base rate of the Royal Bank of Scotland plc.
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Samples: Joint Committee Governance Agreement, Committee Governance Agreement, perth-and-kinross.cmis.uk.com
Default in Payments. 10.1 8.1 In the event that any Constituent Member Authority fails to make any payment due under this Agreement, the PMO may determine that interest will run from the date following the date upon which the money became due and payable until paid at a rate of 2% per annum above the base rate of the Royal Bank of Scotland plc.
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Samples: www.glasgow.gov.uk
