Consensusdocs Subcontractor Agreement

8.4 Default interest – „Advance payments or balances due in accordance with this Agreement and not paid shall be remunerated from the date on which payment is due, at the legal rate in force on the project site. However, if the owner does not pay the builder in a timely manner, as is necessary in the main contract without fault or omission of the designer, and the designer does not pay the subcontractor in a timely manner as a result of such non-payment, the obligation for the designer to pay interest to the subcontractor on the corresponding payments due and not paid in accordance with this contract shall lapse; by immediately paying the subcontractor`s proportionate share of the interest. .