Common use of Default by the Customer Clause in Contracts

Default by the Customer. (a) Late Payment by the Customer shall make all sums owing by Customer to DCI (whether already invoiced or not) on any account whatsoever immediately and automatically due and payable, without prejudice to DCI’s right to charge automatically and without prior Notification, the Interest Rate. (b) The Customer shall be liable for all costs, charges and other liabilities incurred by DCI as a result of the Late Payment. DCI is entitled to charge all costs of collection, including attorney's fees to the extent permitted by law, in addition to all other amounts due. For payments that do not take place on the due date, DCI reserves the right to levy a Charge in respect of such late payment. (c) All payments from and any credits or refunds due to the Customer will be used to pay off: (i) any interest due; (ii) any unsecured portions of the debt; (iii) any secured portions of the debt; and finally