21.1 Subject to the nature of the Event held, the Licensor shall, within fourteen (14) days after the date of the termination of the Licence Agreement or after the Event Last Date, whichever is later, provide the Licensee with a consolidated statement of account showing the amount owing by or to (as the case may be) the Licensee in respect of the Event held.

21.2 Any payment to be made by the Licensor or the Licensee, as the case may be, shall be made in full (i) by the Licensee in accordance with the Payment Schedule and (ii) in the case of the Licensor, on such date falling seven (7) days after the date on which the consolidated statement of account referred to in Clause 21.1 is provided by the Licensor and the provision of Clause 3.3 shall apply for any late payment by the Licensee to the Licensor.