Common use of Effect of Nonpayment Clause in Contracts

Effect of Nonpayment. This Agreement and the Services may be suspended or terminated if Customer’s account falls into arrears and five (5) business days have passed after written notification to Customer (email sufficing). Customer will continue to be charged for Services during any suspension. Any amounts not paid within the thirty (30) day period mentioned in Section 6.2 above shall bear interest at the lesser of (i) the maximum rate allowableunder applicable law where Customer is located and (ii) two percent (2%) per month. Customer’s payment of such interest on late payments shall not prevent Spirent from exercising any other rights under this Agreement or applicable law.

Effect of Nonpayment. This Agreement and the Services may be suspended or terminated if Customer’s account falls into arrears and five (5) business days have passed after written notification to Customer (email sufficing). Customer will continue to be charged for Services during any suspension. Any amounts not paid within the thirty (30) day period mentioned in Section 6.2 above shall bear interest at the lesser of (i) the maximum rate allowableunder allowable under applicable law where Customer is located and (ii) two percent (2%) per month. Customer’s payment of such interest on late payments shall not prevent Spirent from exercising any other rights under this Agreement or applicable law.

Effect of Nonpayment. This Agreement and the Services may be suspended or terminated if Customer’s account falls into arrears and five (5) business days have passed after written notification to Customer (email sufficing). Customer will continue to be charged for Services during any suspension. Any amounts not paid within the thirty (30) day period mentioned in Section 6.2 above shall bear interest at the lesser of (i) the maximum rate allowableunder allow able under applicable law where Customer is located and (ii) two percent (2%) per month. Customer’s payment of such interest on late payments shall not prevent Spirent from exercising any other rights under this Agreement or applicable law.