Payments in the event of a dispute. Where any amount under paragraph 13.1 is in dispute: (a) the undisputed amount shall be paid in accordance with paragraph 13.1; (b) the disputed amount shall be paid within 28 days after the dispute is resolved or determined to the extent that the amount in dispute is adjudged or resolved to be payable; and (c) the disputed amount shall carry interest (incurred daily and compounded monthly) at the Default Interest Rate from the date on which such amount would but for such dispute have been due to be paid until the date of payment.
Appears in 29 contracts
Sources: Track Access Contract, Track Access Contract (Passenger Services), Track Access Contract (Passenger Services)
Payments in the event of a dispute. Where any amount under paragraph 13.1 is in dispute:
(a) the undisputed amount shall be paid in accordance with paragraph 13.1;
(b) the disputed amount shall be paid within 28 days after the dispute is resolved or determined to the extent that the amount in dispute is adjudged or resolved to be payable; and
(c) the disputed amount shall carry interest (incurred daily and compounded monthly) at the Default Interest Rate from the date on which such amount would but for such dispute have been due to be paid until the date of payment.
Appears in 12 contracts
Sources: Track Access Contract (Passenger Services), Track Access Contract (Passenger Services), Track Access Contract (Passenger Services)