26.1.5  Timing of payment

(a)  Government will be entitled to pay to the private party the Default Termination Compensation Amount either by a lump sum payment or instalment payments124 (which may be instalments of a specified number of equal amounts if a jurisdiction so chooses) no later than a specified period after the date on which such amount is determined. This is subject to any disputed element of the payment being referred to dispute resolution, in which case payment of the disputed component will be deferred until the matter has been determined.  

(b)  Interest may be payable on late payments, depending on the type of financing and the reasons for the delay in payment, and will be determined (including the applicable interest rate) on a project-specific basis.

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124  In jurisdictions which recognise the private party's debt commitments upon termination, such instalments will (where possible) reflect debt commitments.  Alternatively, in these jurisdictions government may choose to compensate the financiers for their costs and expenses incurred as a consequence of government exercising such a right.