In case the APT fails to make the payment and/or other money due under this contract, SVT shall give APT a written notice within 5 working days, if APT fails to make the payment within 30 working days after written notice APT agrees to pay SVT, an interest@ 1 percent per annum on the overdue amount, counting from the date of payment due date as explained above, until the payment is made.
No interest is payable if the reason for delay has been communicated to the SVT and both parties agree that the reasons for delay are valid.