§ 162.523 - How much compensation must be paid under a WEEL?

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The WEEL must state how much compensation will be paid.

A WEEL must specify the date on which compensation will be due.

Failure to make timely payments is a violation of the WEEL and may lead to cancellation of the WEEL.

The lease compensation requirements of §§ 162.552 through 162.558 also apply to WEELs.