Late payment Clauses Exemplaires

Late payment. If payment is not received by the due date, a 12% penalties of the total amount TTC (taxes included) of the invoice, will be applied from the day following the payment date indicated on the invoice. In addition of the above-mentioned penalties late payment, according to Article D. 441- 5 of the French Commercial Code, in the event of delayed payment, the customer shall automatically owe the seller a fixed compensation for collection costs of 40 euros. These late payment penalties and the fixed compensation shall not require prior notice to be applicable and they shall run from the day following the due date mentioned on the invoice. Any payment made to the seller will be deducted from the sums due, whatever the cause, starting with those which are due the earliest.

Late payment. Beyond 30 days (from the date of your invoice), every late payment will incur the late payment penalties equal to 3 times the legal interest rate as well as a fixed indemnity for recovery costs of 40 euros. MILLON Auction House is subscribed to the TEMIS service which allows us to consult and update the File of restrictions of access to auctions ("TEMIS File") implemented by the company Commissaires-Priseurs Multimédia (CPM) S.A., with registered office at ▇▇ ▇▇▇ ▇▇ ▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇ (▇▇▇ ▇▇▇▇▇ 437 868 425). Any auction slip that remains unpaid to MILLON or that is overdue for payment is likely to be registered in the TEMIS file. For further information, please consult the TEMIS data protection policy: ▇▇▇▇▇://▇▇▇▇▇.▇▇▇▇▇▇▇/▇▇▇▇▇▇▇/▇▇▇▇▇▇▇▇▇-▇▇▇▇▇▇- tion-dp-temis.pdf NON-PAYMENT In the event of non-payment, if the sale is cancelled or the object is resold upon re-bidding under the conditions of Article L321-14 of the French Commercial Code, the defaulting bidder shall pay MILLON a lump-sum indemnity corresponding to (i) the amount of the buyer's costs and (ii) €40 in collection costs, as compensation for the loss suffered, without prejudice to additional damages due to the seller.

Late payment. Any late payment will be submitted to penalty of three times the legal interest rate. Any payment not made on a due date constitutes an event of default which, at the Supplier's discretion, results in the immediate payability of all sums outstanding, even those that have not yet fallen due. The fact that the Supplier invokes any one of these provisions does not deprive it o f the right to apply the reservation of ownership clause stipulated in article 8.5. In the event of late payment, the Supplier has a right of retention in the manufactured products and related supplies pursuan t to article 2286 of the French Civil code.

Late payment. In accordance with Act n° 2001-420 of May 15, 2001 and with the European directive 2000/35 EC of June 29, 2000, any late payment entails the application of default interest equal to the most recent refinancing rate of the European Central Bank increased by ten percentage points within the limit of three times the legal interest rate.

Late payment. Under the French LME law (Law for the Energy Modernization) and in the event of payment being overdue, the rate of interest applicable to such penalties shall be raised to three times the French legal rate of interest. This rate is equal to the interest rate applied by the European Central Bank at its most recent refinancing operation, plus 10 percentage points. A compensation for recovery costs of 40 Euro will be payable for each invoice overdue, without prejudice to the right to claim an additional compensation. The fees should exceed this amount (Law No. 2012-387 dated from 22nd March 2012).

Late payment. In case of total or partial default of payment, the buyer must pay to EOMYS Engineering penalties for delay. A delay occurs if the payment intervenes after the date mentioned on the invoice. The interest rate provided by these general sales conditions corresponds to the half-yearly key rate of the European Central Bank (ECB), in force on January 1st or July 1st, increased by 10 points. The interest rate retained is the one applicable on the day the invoice is issued. This penalty is calculated on the amount including all taxes of the outstanding amount, and runs from the due date of the invoice without any prior notice of default being required. In addition to the late payment penalties, any amount, including the deposit, not paid on the due date will automatically result in the payment of a fixed penalty of 40 euros to be charged for recovery costs.

Late payment. Failure to pay a single instalment immediately renders payable by the client the balance of all sums outstanding to the Company, including invoices which have not yet reached their due date. The Company also reserves the right to suspend all orders in progress and to refuse any new orders from the client. Any late payment shall also result in the automatic application of late penalties, calculated at the rate of three times the legal interest rate per month of delay and until payment is made in full, and the payment of a lump penalty of forty euros (€40) in compensation of recovery costs. The Company reserves the right to claim additional compensation, as may be detailed in the applicable agreement, if any or upon presentation of evidence.

Late payment. In the event the Supplier claims late-payment penalties, the latter shall not be higher than the amount resulting from the application of three times the statutory interest rate.