Common use of Undisputed Sums Limit Clause in Contracts

Undisputed Sums Limit. [In Clause 42.1.1 of the Contract Terms] [OR] [The wording “one month’s average Contract Charges” in Clause 42.1.1 shall be amended to [ ]] Guidance Note: consider Clause 42.1.1 (Termination of Customer Cause for failure to pay) in respect of the Suppliers right to terminate the Contract for undisputed sums which have not been paid by the Customer. Insert an appropriate sum that should be the “Undisputed Sums Limit”. It is suggested that this should normally be the equivalent to one (1) month’s average Contract Charges.

Undisputed Sums Limit. [In Clause 42.1.1 52.1.1 of the Contract Terms] [OR] [The wording “one month’s average Contract Charges” in Clause 42.1.1 52.1.1 shall be amended to [ ]] Guidance Note: consider Clause 42.1.1 52.1.1 (Termination of Customer Cause for failure to pay) in respect of the Suppliers right to terminate the Contract for undisputed sums which have not been paid by the Customer. Insert an appropriate sum that should be the “Undisputed Sums Limit”. It is suggested that this should normally be the equivalent to one (1) month’s average Contract Charges.

Undisputed Sums Limit. [In Clause 42.1.1 51.1.1 of the Contract Lease Agreement Terms] [OR] [The wording “one month’s average Contract Lease Agreement Charges” in Clause 42.1.1 51.1.1 shall be amended to [ ]] Guidance Note: consider Clause 42.1.1 51.1.1 (Termination of Customer Cause for failure to pay) in respect of the Suppliers Supplier’s right to terminate the Contract Lease Agreement for undisputed sums which have not been paid by the Customer. Insert an appropriate sum that should be the “Undisputed Sums Limit”. It is suggested that this should normally be the equivalent to one (1) month’s average Contract Lease Agreement Charges.