Common use of Non-Payment of Fees Clause in Contracts

Non-Payment of Fees. (a) Timely payment of Fees and Variable Fees in accordance with the Payment Terms is a material condition of performance under this Agreement. (b) Late payments shall bear interest at the rate of 1.5% per month (or the highest rate permitted by law, if less); provided however that interest will not begin to accrue until 30 days following the payment due date. (c) Charges are exclusive of taxes; Registrar shall pay (i) all taxes and other government charges and (ii) reasonable expenses and attorneys’ fees Registry Operator incurs in collecting late payments. (d) In the event that Registrar fails to pay its Fees or Variable Fees as required under the Payment Terms, in addition to the above, Registry Operator may: (i) stop accepting new initial or renewal registrations from Registrar; (ii) for the sake of Registered Name Holders, upon thirty

Non-Payment of Fees. (a) Timely payment of Fees and Variable Fees in accordance with the Payment Terms is a material condition of performance under this Agreement. (b) Late payments shall bear interest at the rate of 1.5% per month (or the highest rate permitted by law, if less); provided however that interest will not begin to accrue until 30 days following the payment due date. (c) Charges are exclusive of taxes; Registrar shall pay (i) all taxes and other government charges and (ii) reasonable expenses and attorneys’ fees Registry Operator incurs in collecting late payments. (d) In the event that Registrar fails to pay its Fees or Variable Fees as required under the Payment Terms, in addition to the above, Registry Operator may: (i) stop accepting new initial or renewal registrations from Registrar; (ii) for the sake of Registered Name Holders, upon thirtythirty (30) days’ notice, transfer the Registered Names to other registrars;