When the Supplier can end the contract. (a) The Supplier can issue a reminder notice if the Buyer does not pay an undisputed invoice on time. The Supplier can terminate the Contract if the Buyer fails to pay an undisputed invoiced sum due and worth over 10% of the total Contract value or £1,000, whichever is the lower, within 30 days of the date of the reminder notice. (b) If a Supplier terminates the Contract under clause 11.6(a): (i) the Buyer must promptly pay all outstanding charges incurred to the Supplier; (ii) the Buyer must pay the Supplier reasonable committed and unavoidable losses as long as the Supplier provides a fully itemised and costed schedule with evidence - the maximum value of this payment is limited to the total sum payable to the Supplier if the Contract had not been terminated; (iii) clauses 11.5(d) to 11.5(g) apply.
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Samples: Supply Agreement, Contract for Services
When the Supplier can end the contract. (a) 14.4.1 The Supplier can issue a reminder notice that payment has not been received on time if the Buyer does not pay an undisputed invoice on time. The Supplier can terminate the Contract if the Buyer fails to pay an undisputed invoiced sum due and worth over 10% of the total Contract value or £1,000, whichever is the lower, within 30 days of the date of the reminder such notice.
(b) 14.4.2 The Supplier also has the right to terminate the Contract in accordance with Clauses 24.3 and 27.4.
14.4.3 If a the Supplier terminates the Contract under clause 11.6(a):Clause 14.4.1 or 27.4:
(ia) the Buyer must promptly pay all outstanding charges Charges incurred to the Supplier;
(iib) the Buyer must pay the Supplier reasonable committed and unavoidable losses Losses as long as the Supplier provides a fully itemised and costed schedule with evidence - – the maximum value of this payment is limited to the total sum payable to the Supplier if the Contract had not been terminated;; and
(iiic) clauses 11.5(dClauses 14.3.1d) to 11.5(g14.3.1h) apply.
Appears in 1 contract
Samples: Network Rail Contract for Goods and/or Non Construction Services