Common use of Payment default Clause in Contracts

Payment default. Any failure to pay an invoice on its due date will automatically entail refusal and/or suspension of the performance of the Contract without any prior formality being due, in each case up until the Customer fully pays the invoices that have fallen due. In the event of a payment default with respect to all or part of an amount due, Cdiscount Advertising may, at its discretion, consider all amounts owed by the Customer for services already performed to be due and payable. In addition and in accordance with the law, late payment interest will be calculated with respect outstanding amounts at a rate equal to three times the statutory interest rate. Moreover, failure to pay all or part of an invoice by its due date will result in a penalty equal to 20% of the amount due, plus late payment interest as indicated above. In accordance with articles L441-6 and D441-5 of the French Commercial Code, a lump-sum indemnity of at least €40 for recovery costs is payable in addition to late payment penalties (not subject to VAT). In addition, Cdiscount Advertising reserves the right to suspend and/or terminate the Contract and/or claim any damages. In addition to all other rights and claims, Cdiscount Advertising may terminate the dissemination of any Advertisement or performance of any Service for which payment has not been timely made or suspend the performance of the Services without prior formalities being due.

Payment default. Any failure to pay an invoice on its due date will automatically entail refusal and/or suspension of the performance of the Contract without any prior formality being due, in each case up until the Customer fully pays the invoices that have fallen due. In the event of a payment default with respect to all or part of an amount due, Cdiscount Advertising may, at its discretion, consider all amounts owed by the Customer for services already performed to be due and payable. In addition and in accordance with the law, late payment interest will be calculated with respect outstanding amounts at a rate equal to three times the statutory interest rate. Moreover, failure to pay all or part of an invoice by its due date will result in a penalty equal to 20% of the amount due, plus late payment interest as indicated above. In accordance with articles L441-6 and D441-5 of the French Commercial Code, a lump-sum indemnity of at least €40 for recovery costs is payable in addition to late payment penalties (not subject to VAT). In addition, Cdiscount Advertising reserves the right to suspend and/or terminate the Contract and/or claim any damages. In addition to all other rights and claims, Cdiscount Advertising may terminate the dissemination of any Advertisement or performance of any Service for which payment has not been timely made or suspend In accordance with the performance Data Protection Regulation, the Customer undertakes to provide visitors to its website clear and specific information on any use that it could make of the Services Cookies and SDK or any other similar programs, including, without prior formalities being duelimitation, with respect to advertising and profiling.