Common use of Effect of Nonpayment Clause in Contracts

Effect of Nonpayment. This Agreement or Customer’s access to the SaaS Service may be suspended or terminated if Customer’s account falls into arrears. Unpaid amounts may be subject to interest at the lesser of one and one-half percent (1.5%) per month or the maximum permitted by law, plus all collection costs.

Effect of Nonpayment. This Agreement or Customer’s access to the SaaS Service may be suspended or terminated if Customer’s account falls into arrears. Unpaid amounts may be subject to interest at the lesser of one and one-half percent (1.5%) per month or the maximum permitted by law, plus all collection costscosts including reasonable attorney fees.