Liability to Pay Interest. If the Agent fails to pay any amount payable by it pursuant to this Agreement when due, it shall pay interest on the amount outstanding in respect of that overdue sum for the period beginning on its due date and ending on the date of its receipt in cleared funds by RSP (both before and after any judgement) at a rate 4% per annum above the base rate published by the Royal Bank of Scotland plc, or as specified by RSP from time to time.
Appears in 3 contracts
Sources: Interim Retail Licence, Interim Retail Licence, Interim Season Ticket Retailing Licence