Common use of Non-Payment – Late payment Clause in Contracts

Non-Payment – Late payment. Datapath reserves the right to add a finance charge of 1.5% per month (18% per annum) to late invoices for every month or part of the month a payment is past due. The finance charge will be billed on a separate “Finance Charge” invoice, showing the past due invoices. For questions regarding billing, Customer must contact its Account Lead or Datapath’s accounts receivable department by phone at (000) 000-0000 or via email at xxxxxxx@xxxxxxxxxx.xxx. Datapath reserves the right to place Customer’s account which remains unpaid beyond credit terms on “Credit Hold” until payment is received. If Customer’s account is placed on Credit Hold, Customer will not be permitted to place new Service or product orders, obtain Services under existing Quotes, or renew annual or other Service agreements until payment is received. Accounts which remain unpaid sixty (60) days past payment terms may be reported to Credit Reporting Agencies and/or turned over to Collection Agencies for collection.

Non-Payment – Late payment. Datapath TekLinks reserves the right to add a finance charge of 1.5% per month (18% per annum) to late invoices for every month or part of the month a payment is past due. The finance charge will be billed on a separate “Finance Charge” invoice, showing the past due invoices. For questions regarding billing, Customer must contact its Corporate Account Lead Manager or Datapath’s TekLinks’ accounts receivable department by phone at (000) 000-0000 or via email at xxxxxxx@xxxxxxxxxx.xxxXX@xxxxxxxx.xxx. Datapath TekLinks reserves the right to place Customer’s account which remains unpaid beyond credit terms on “Credit Hold” until payment is received. If Customer’s account is placed on Credit Hold, Customer will not be permitted to place new Service or product orders, obtain Services under existing Quotes, or renew annual or other Service agreements until payment is received. Accounts which remain unpaid sixty (60) days past payment terms may be reported to Credit Reporting Agencies and/or turned over to Collection Agencies for collection.