has the meaning given to that term in Section N9.6.6; Each Payment Party shall be liable to pay or entitled to receive the amount set out in the relevant Advice Note calculated, not later than 15.30 on the second Business Day (the “Default Payment Date”) after the date of the Advice Note and any payment made by a Payment Party to the BSC Clearer in accordance with this paragraph is a limited recourse loan on which interest is payable and which is repayable only to the extent set out in paragraph 9.6.8.