Common use of Payment Default Clause in Contracts

Payment Default. If overdue consideration, with the addition of late payment interest, has not been paid within thirty (30) calendar days of the due date, the Contractor may send a written notice to the Customer, stating that the Agreement will be terminated for breach, unless settlement has taken place within sixty (60) calendar days of receipt of such notice. Termination for breach may not take place if the Customer settles the overdue consideration, with the addition of late payment interest, by the expiry of the deadline.

Appears in 18 contracts

Samples: Development and Customisation Agreement, Purchasing Agreement, Development and Customisation Agreement

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Payment Default. If overdue consideration, with the addition of late payment interest, has not been paid within thirty (30) calendar days of the due date, the Contractor may send a written notice to the Customer, stating that the Agreement will be terminated for breach, unless settlement has taken place within sixty (60) calendar days of receipt of such notice. Termination for breach may not take place if the Customer settles the overdue consideration, with the addition of late payment interest, by the expiry of the deadline.

Appears in 16 contracts

Samples: Purchase Agreement, Purchasing Agreement, Purchasing Agreement

Payment Default. If overdue consideration, with the addition of late payment interest, has not been paid within thirty (30) calendar days of the due date, the Contractor Consultant may send a written notice to the Customer, stating that the Agreement will be terminated for breach, unless settlement has taken place within sixty (60) calendar days of receipt of such notice. Termination for breach may not take place if the Customer settles the overdue consideration, with the addition of late payment interest, by the expiry of the deadline.

Appears in 5 contracts

Samples: Consultancy Assistance Agreement, Consultancy Assistance Agreement, Research and Development Agreement

Payment Default. If overdue consideration, with the addition of late payment interest, has not been paid within thirty (30) calendar days of the due date, the Contractor Consultant may send a written notice to the Customer, stating that the Agreement will be terminated for breach, unless settlement has taken place within sixty (60) calendar days of receipt of such notice. Termination for breach may not take place if the Customer settles the overdue consideration, with the addition of late payment interest, by the expiry of the deadline.

Appears in 4 contracts

Samples: Consultancy Assistance Agreement, Consultancy Assignment Agreement, Consultancy Assignment Agreement

Payment Default. If overdue overdue, undisputed consideration, with the addition of interest on late payment interestpayment, has not been paid within thirty (30) calendar days of the due date, the Contractor Supplier may send a give the Customer written notice to the Customer, stating that the Agreement will be terminated for breach, unless cancelled if settlement has taken place not been made within sixty (60) calendar days of receipt of such notice. Termination for breach Cancellation may not take place if the Customer settles the overdue consideration, with the addition of late payment interest, by prior to the expiry of the deadline.

Appears in 3 contracts

Samples: Agreement Concerning Ongoing Purchases of Services via the Internet, Agreement Concerning Ongoing Purchases of Services via the Internet, Agreement Concerning Ongoing Purchases of Services via the Internet

Payment Default. If overdue overdue, undisputed consideration, with the addition of interest on late payment interestpayment, has not been paid within thirty (30) calendar days of the due date, the Contractor Supplier may send a give the Customer written notice to the Customer, stating that the Agreement will be terminated for breach, unless cancelled if settlement has taken place not been made within sixty (60) calendar days of receipt of such notice. Termination for breach Cancellation may not take place if the Customer settles the overdue consideration, with the addition of late payment interest, by prior to the expiry of the deadline.

Appears in 3 contracts

Samples: Ongoing Purchase of Services Agreement, Agreement Concerning Ongoing Purchases of Services via the Internet, Agreement Concerning Ongoing Purchases of Services via the Internet

Payment Default. If overdue consideration, with the addition of late payment interest, has not been paid within thirty (30) calendar days of the due date, the Contractor may send a written notice to the Customer, stating that the Agreement will be terminated for breach, unless settlement has taken place within sixty (60) calendar days of receipt of such notice. Termination for breach may not take place if the Customer settles the overdue consideration, with the addition of late payment interest, by the expiry of the deadlinetime limit.

Appears in 3 contracts

Samples: Sale and Purchase Agreement, Sale and Purchase Agreement, Maintenance Agreement

Payment Default. If overdue consideration, with the addition of late lay payment interest, has not been paid within thirty (30) calendar days of the due date, the Contractor may send a written notice to the Customer, Customer stating that the Agreement will be terminated for breach, breach unless settlement has taken place within sixty (60) calendar days of receipt of such notice. , Termination for breach may not take place if the Customer settles the overdue consideration, with the addition of late payment interest, by the expiry of the deadline.

Appears in 2 contracts

Samples: Research and Development, Research and Development

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Payment Default. If overdue consideration, with the addition of late lay payment interest, has not been paid within thirty (30) calendar days of the due date, the Contractor may send a written notice to the Customer, Customer stating that the Agreement will be terminated for breach, breach unless settlement has taken place within sixty (60) calendar days of receipt of such notice. ., Termination for breach may not take place if the Customer settles the overdue consideration, with the addition of late overdue payment interest, by the expiry of the deadline.

Appears in 1 contract

Samples: Research and Development Agreement

Payment Default. If overdue consideration, with the addition of late payment interest, has not been paid within thirty (30) calendar days of the due date, the Contractor may send the Customer a written notice to the Customer, stating that the Agreement will be terminated for breach, unless settlement has taken place within sixty (60) calendar days of receipt of such the notice. Termination for breach may not take place if the Customer settles the overdue consideration, with the addition of late payment interest, by prior to the expiry of the deadline.

Appears in 1 contract

Samples: Operational Services Agreement

Payment Default. If overdue considerationpayment, with the addition of late payment interest, has not been paid within thirty (30) calendar days of the due date, the Contractor Supplier may send a written notice to the Customer, stating that the Agreement will be terminated for breach, unless settlement has taken place within sixty (60) calendar days of receipt of such notice. Termination for breach may not take place if the Customer settles the overdue considerationpayment, with the addition of late payment interest, by the expiry of the deadline.

Appears in 1 contract

Samples: Call Off Agreement

Payment Default. If overdue consideration, with the addition of late payment interest, has not been paid within thirty (30) calendar days of the due date, the Contractor Supplier may send a written notice to the CustomerContractor, stating that the Agreement will be terminated for breach, unless settlement has taken place within sixty (60) calendar days of receipt of such notice. Termination for breach may not take place if the Customer Contractor settles the overdue consideration, with the addition of late payment interest, by the expiry of the deadline.

Appears in 1 contract

Samples: Purchase Agreement

Payment Default. If overdue consideration, with the addition of late payment interest, has not been paid within thirty (30) calendar days of the due date, the Contractor may send the Customer a written notice to the Customer, stating that the Agreement will be terminated for breach, unless settlement has taken place within sixty (60) calendar days of receipt of such the notice. Termination for breach may not take place if the Customer settles the overdue consideration, with the addition of late payment interest, by prior to the expiry of the deadline.

Appears in 1 contract

Samples: Operational Services Agreement

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