Common use of Late Payments; Suspension of Services Clause in Contracts

Late Payments; Suspension of Services. Except for invoiced payments that Customer has successfully disputed, all late payments shall bear interest at the lesser of (a) the rate of one percent (1%) per month and (b) the highest rate permissible under applicable law, calculated daily and compounded monthly. Customer will be responsible for all reasonable expenses (including attorneys’ fees) incurred by Marq Vision in collecting past due amounts. In addition to all other remedies available under the Agreement or at law or equity, Marq Vision reserves the right to suspend delivery of the Services and access to the Platform if Customer fails to timely pay any undisputed amounts due to Marq Vision under the Agreement, in the event Customer fails to make any payment when due and such failure continues for fifteen (15) days following the date such amounts were due. Suspension of the Services shall not release Customer of its payment obligations under the Agreement. Customer agrees that Marq Vision shall not be liable to Customer or to any third party for any liabilities, claims or expenses arising from or relating to suspension of the Services or access to the Platform resulting from Customer’s nonpayment.

Late Payments; Suspension of Services. Except for invoiced payments that Customer Client has successfully disputed, all late payments shall bear interest at the lesser of (a) the rate of one percent (1%) per month and (b) the highest rate permissible under applicable law, calculated daily and compounded monthly. Customer Client will be responsible for all reasonable expenses (including attorneys’ fees) incurred by Marq Vision in collecting past due amounts. In addition to all other remedies available under the Agreement or at law or equity, Marq Vision reserves the right to suspend delivery of the Services and access to the Platform if Customer Client fails to timely pay any undisputed amounts due to Marq Vision under the Agreement, in the event Customer Client fails to make any payment when due and such failure continues for fifteen (15) days following the date such amounts were due. Suspension of the Services shall not release Customer Client of its payment obligations under the Agreement. Customer Client agrees that Marq Vision shall not be liable to Customer Client or to any third party for any liabilities, claims or expenses arising from or relating to suspension of the Services or access to the Platform resulting from CustomerClient’s nonpayment.