The parties will pay interest on any amount payable under this Contract not paid on the due date, for the period from that date to the date of payment at a rate equal to [ ]% above [ ].537
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537 This will relate to both disputed and undisputed amounts and should, where relevant, take into account the Late Payments of Commercial Debt (Interest) Act 1998 provisions (see Section 7.2.3 above) and the costs of the Senior Debt at that time.