Common use of Default in Payment Obligations Clause in Contracts

Default in Payment Obligations. In addition to all other remedies available to A▇▇▇▇▇ in the event of a CLIENT default, if CLIENT fails to make payments as required hereunder, A▇▇▇▇▇ may take appropriate measures to assure prompt and full payment, including refuse to Produce any Company Plasmid DNA until CLIENT’s account is paid in full, modify the foregoing terms of payment, place the account on a letter of credit basis, require full or partial payment in advance, suspend deliveries of Company Plasmid DNA until CLIENT provides assurance of performance reasonably satisfactory to A▇▇▇▇▇, and/or take other reasonable means as A▇▇▇▇▇ may determine. However, A▇▇▇▇▇ may resort to the aforementioned measures only after providing CLIENT with written notice of such default and only if said default is not cured by CLIENT within thirty (30) calendar days after receipt by the CLIENT of written notice of such default.