Book traversal links for 22. No Interest Payable
22. No Interest Payable
Effective from Jan 31 2025 - Sep 18 2021
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The parties intend and agree that no interest will be payable or receivable under or in connection with this Agreement, and in the event that as a result of any arbitral or judicial award or by operation of any applicable law or otherwise it is determined that any interest is payable in connection with this Agreement, each party agrees to waive any rights it may have to claim or receive such interest and agrees that if any such interest is actually received by it, it shall donate the same to a registered, or otherwise officially recognised, charitable organisation selected by it and whose name shall be disclosed by it to the other party.