Common use of Suspension of Service and Acceleration Clause in Contracts

Suspension of Service and Acceleration. Unless otherwise documented and agreed to in writing, if any amount owing, not subject to a good faith dispute, by Licensee under this or any other agreement for SOTI’s Software is thirty (30) or more days overdue, SOTI may, without limiting SOTI’s other rights and remedies, accelerate Licensee’s unpaid fee obligations under such agreements so that all such obligations become immediately due and payable, impose a penalty fee equal to the lower of two per cent (2%) per month or the highest rate then permitted by law and suspend SOTI’s Service to Licensee until such amounts are paid in full.

Suspension of Service and Acceleration. Unless otherwise documented and agreed to in writingto, if any amount owing, not subject to a good faith dispute, owing by Licensee under this or any other agreement for SOTI’s Software is thirty (30) or more days overdue, SOTI may, without limiting SOTI’s other rights and remedies, accelerate Licensee’s unpaid fee obligations under such agreements so that all such obligations become immediately due and payable, impose a penalty fee equal to the lower of two per cent (2%) per month or the highest rate then permitted by law and suspend SOTI’s Service to Licensee until such amounts are paid in full.

Suspension of Service and Acceleration. Unless otherwise documented and agreed to in writing, if any amount owing, not subject to a good faith dispute, by Licensee under this or any other agreement for SOTI’s Software is thirty (30) or more days overdue, SOTI may, without limiting SOTI’s other rights and remedies, accelerate Licensee’s unpaid fee obligations under such agreements so that all such obligations become immediately due and payable, impose a penalty fee equal to the lower of two one per cent (21%) per month or the highest rate then permitted by law and suspend SOTI’s Service to Licensee until such amounts are paid in full.

Suspension of Service and Acceleration. Unless otherwise documented and agreed to in writingto, if any amount owing, not subject to a good faith dispute, owing by Licensee under this or any other agreement for SOTI’s SOTI Software is thirty (30) or more days overdue, SOTI may, without limiting SOTI’s other rights and remedies, accelerate Licensee’s unpaid fee obligations under such agreements so that all such obligations become immediately due and payable, impose a penalty fee equal to the lower of two per cent (2%) per month or the highest rate then permitted by law and suspend SOTI’s Service to Licensee until such amounts are paid in full.