Common use of Overdue Charges Clause in Contracts

Overdue Charges. If any undisputed, invoiced amount is not received by Dedrone by the Due Date, then (i) those charges may accrue late interest at the rate of 3.0% of the outstanding balance per month, or the maximum rate permitted by law, whichever is lower, and (ii) Dedrone may condition the purchase of future Products on receipt of payment for previous Product and/or payment terms shorter than those specified on the previous Purchase Order.

Appears in 6 contracts

Samples: End Customer Agreement, End Customer Agreement, End Customer Agreement

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