Common use of Default in Payment Obligations Clause in Contracts

Default in Payment Obligations. In addition to all other remedies available to ▇▇▇▇▇▇ in the event of a Client default, if Client fails to timely pay amounts properly due and payable under this Agreement (subject to the foregoing right of Client to dispute in good faith any amounts charged hereunder, which, for purposes of this Agreement, shall not be considered past due, so long as Client promptly and diligently pursues resolution of such disputes), any prepayments or other amounts owed to or held for Client under any contract(s) or work plan(s) shall be automatically applied to overdue invoices and ▇▇▇▇▇▇ may take other appropriate measures to assure prompt and full payment, including refusing to Produce any Client Product until Client’s account is paid in full, placing the account on a letter of credit basis, requiring full or partial payment in advance, suspending deliveries of Client Product until Client provides assurance of performance reasonably satisfactory to ▇▇▇▇▇▇, and/or taking other reasonable means as ▇▇▇▇▇▇ may determine. ▇▇▇▇▇▇ shall not be required to return any Client equipment or other property until Client has paid all outstanding invoices for amounts properly due and payable under this Agreement.