Common use of Failed Payments Clause in Contracts

Failed Payments. If a contributor does not respond to a payment of their share, the next step depends on the amount of their share. If the amount is ten percent or less of the payment under the sublicense, or the payment processing fees would be 50% or more of the amount, then the distributing contributor may keep the amount for themself. Otherwise, the distributing contributor must try to pay themself and other contributors, but not the contributor that is not responding, equal shares of the amount, according to their payment instructions. If those payments fail, the distributing contributor does not have to retry them, but can keep the amounts for themself. Contributors must provide payment instructions for global, low-cost, high- speed, electronic payment systems. Any contributor may change their payment instructions by circulating new payment instructions from their current address. When a communication or payment system fails to deliver a message or payment:

Failed Payments. If a contributor does not respond to a payment of their share, the next step depends on the amount of their share. If the amount is ten percent or less of the payment under the sublicensesublicense being distributed, or the payment processing fees would be 50% fifty percent or more of the amountamount to be paid, then the distributing contributor may keep the amount for themself. Otherwise, the distributing contributor must try to pay themself and other contributors, but not the contributor that is not responding, equal shares of the amount, according to their payment instructions. If those payments fail, the distributing contributor does not have to retry them, but can keep the amounts for themself. Contributors must provide payment instructions for global, low-cost, high- speed, electronic payment systems. Any contributor may change their payment instructions by circulating new payment instructions from their current address. When a communication or payment system fails to deliver a message or payment:

Failed Payments. If a contributor does not respond to a payment of their share, the next step depends on the amount of their share. If the amount is ten percent or less of the payment under the sublicense, or the payment processing fees would be 50% or more of the amount, then the distributing contributor may keep the amount for themself. Otherwise, the distributing contributor must try to pay themself and other contributors, but not the contributor that is not responding, contributors equal shares of the amount, according to their payment instructionsinstruc- tions. If those payments fail, the The distributing contributor does not have to retry them, but failed payments. They can keep the amounts failed payments for themself. Contributors must provide payment instructions for global, low-cost, high- speed, electronic payment systems. Any contributor may change their payment instructions by circulating new payment instructions from their current address. When a communication or payment system fails to deliver a message or payment: