Common use of Under Payment Clause in Contracts

Under Payment. in the event of any under payment the amount concerned shall be added to the next instalment of management fee paid to the Manager, provided however that in the event that either party disputes the auditor's finding pursuant to clause 7.2.9 then that party may require the issue to be referred to arbitration pursuant to clause 18.6. [Clauses 6.2 to 6.10 of the Infratil Ventures Management Agreement:

Under Payment. in the event of any under payment the amount concerned shall be added to the next instalment of management fee paid to the Manager, provided however that in the event that either party disputes the auditor's finding pursuant to clause 7.2.9 then that party may require the issue to be referred to arbitration pursuant to clause 18.6. [Clauses 6.2 to 6.10 of the Infratil Ventures Management Agreement:.