Common use of When you must pay Clause in Contracts

When you must pay. You must pay all charges and rental within 14 days of you receiving your bill and deposits when we ask for them. Payments must be made by direct debit only unless agreed otherwise in writing by Mainstream. 8.4.1 If Mainstream does not receive payment by the due date; Mainstream may charge the User without further notice: (a) a late payment fee of £5 per invoice where payment has not been received by the due date (b) daily interest on late payments at a per annum rate equal to 7% above the base lending rate of the European Central Bank for the period beginning on the date on which payment is due and ending on the date on which payment is made. If you do not pay a bill, Mainstream may instruct a debt collection agency to collect payment (including any interest, and / or late payment charges) on its behalf. If Mainstream instructs an agency, you must pay Mainstream an additional sum. This will not exceed the reasonable costs Mainstream has to pay to the agency, who will add the sum to the User's outstanding debt on Mainstream’s behalf. If any sum owed by the User to Mainstream under this Agreement or any contract with Mainstream is not paid by the due date, Mainstream may deduct this sum from any payment or credit due to the User under this Agreement or any other contract with Mainstream. (c) for calls at our standard rates on subsequent invoices where discounted or preferential rates have been previously applied. 8.4.2 The title of goods/equipment supplied by Mainstream Digital Limited remains with Mainstream Digital Limited until full payment has been received.