Common use of DEFAULT OF THE CUSTOMER Clause in Contracts

DEFAULT OF THE CUSTOMER. 12.1. If the Customer fails to pay any sum when it becomes due, PSL shall have the right, but without prejudice to any other rights or remedies, to suspend further work until payment is received with interest at the rate specified at condition 22 or to cancel the Contract so far as any Services remain to be provided in which case the Customer will indemnify PSL in accordance with condition 3 above. 12.2. If the Customer shall make default in or commit any breach of any of his obligations to PSL, or if any distress or execution shall be levied upon the Customer, his property or assets, or if the Customer shall make or offer to make any arrangement or composition with Creditors or commits any act of bankruptcy, or if any petition for bankruptcy shall be presented, or if the Customer shall be a limited company and any resolution or petition to wind up the Customer’s business or for the appointment of an Administrator shall be passed or presented otherwise than for reconstruction or amalgamation, or if an Administrative Receiver of such company’s undertaking property or assets or any part thereof shall be appointed, PSL may determine the Contract by written notice to the Customer’s registered office address or otherwise as set out in the Proposal, without prejudice to any claim or right PSL might otherwise have.

Appears in 1 contract

Samples: Service Agreement

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DEFAULT OF THE CUSTOMER. 12.1. If the Customer fails to pay any sum when it becomes due, PSL DCRL shall have the right, but without prejudice to any other rights or remedies, to suspend further work until payment is received with interest at the rate specified at condition 22 or to cancel the Contract so far as any Services remain to be provided in which case the Customer will indemnify PSL DCRL in accordance with condition 3 above. 12.2. If the Customer shall make default in or commit any breach of any of his obligations to PSLDCRL, or if any distress or execution shall be levied upon the Customer, his property or assets, or if the Customer shall make or offer to make any arrangement or composition with Creditors or commits any act of bankruptcy, or if any petition for bankruptcy shall be presented, or if the Customer shall be a limited company and any resolution or petition to wind up the Customer’s business or for the appointment of an Administrator shall be passed or presented otherwise than for reconstruction or amalgamation, or if an Administrative Receiver of such company’s undertaking property or assets or any part thereof shall be appointed, PSL DCRL may determine the Contract by written notice to the Customer’s registered office address or otherwise as set out in the Proposal, without prejudice to any claim or right PSL DCRL might otherwise have.

Appears in 1 contract

Samples: Services Agreement

DEFAULT OF THE CUSTOMER. 12.1. If the Customer fails to pay any sum when it becomes due, PSL CPSL shall have the right, but without prejudice to any other rights or remedies, to suspend further work until payment is received with interest at the rate specified at condition 22 or to cancel the Contract so far as any Services remain to be provided in which case the Customer will indemnify PSL CPSL in accordance with condition 3 above. 12.2. If the Customer shall make default in or commit any breach of any of his obligations to PSLCPSL, or if any distress or execution shall be levied upon the Customer, his property or assets, or if the Customer shall make or offer to make any arrangement or composition with Creditors or commits any act of bankruptcy, or if any petition for bankruptcy shall be presented, or if the Customer shall be a limited company and any resolution or petition to wind up the Customer’s business or for the appointment of an Administrator shall be passed or presented otherwise than for reconstruction or amalgamation, or if an Administrative Receiver of such company’s undertaking property or assets or any part thereof shall be appointed, PSL CPSL may determine the Contract by written notice to the Customer’s registered office address or otherwise as set out in the Proposal, without prejudice to any claim or right PSL CPSL might otherwise have.

Appears in 1 contract

Samples: Services Agreement

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DEFAULT OF THE CUSTOMER. 12.1. If the Customer fails to pay any sum when it becomes due, PSL SUPP shall have the right, but without prejudice to any other rights or remedies, to suspend further work until payment is received with interest at the rate specified at condition 22 or to cancel the Contract so far as any Services remain to be provided in which case the Customer will indemnify PSL SUPP in accordance with condition 3 above. 12.2. If the Customer shall make default in or commit any breach of any of his obligations to PSLSUPP, or if any distress or execution shall be levied upon the Customer, his property or assets, or if the Customer shall make or offer to make any arrangement or composition with Creditors or commits any act of bankruptcy, or if any petition for bankruptcy shall be presented, or if the Customer shall be a limited company and any resolution or petition to wind up the Customer’s business or for the appointment of an Administrator shall be passed or presented otherwise than for reconstruction or amalgamation, or if an Administrative Receiver of such company’s undertaking property or assets or any part thereof shall be appointed, PSL SUPP may determine the Contract by written notice to the Customer’s registered office address or otherwise as set out in the Proposal, without prejudice to any claim or right PSL SUPP might otherwise have.

Appears in 1 contract

Samples: Service Agreement

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