Common use of Default or late payment Clause in Contracts

Default or late payment. In case of default or late payment, including partial payment, the Customer shall be liable to pay late payment penalties due the day following the payment due date and OVHcloud shall have the right to charge interest on the overdue amount at three times the statutory interest rate. Furthermore, any default or delay of payment (including partial) of the sums due by the Customer under the Contract which persists for more than four (4) days after notification of default or delay of payment sent to the Customer by email, shall result by right, and without requiring any additional notification or formal notice, in (a) the immediate demand of all of the sums remaining due by the Customer under the Contract regardless of their payment terms, and (b) the right of OVHcloud to decide to immediately suspend and without prior notice all or part of the Customer Services (including those which have been paid for), to refuse any new Order or renewal of Services to the Customer and to terminate all or part of the Contract .In case of default or late payment, business Customers shall be liable to pay a fixed recovery fee of sixty (60) US Dollars (US$), without prejudice to OVHcloud’s right to demand, upon supporting documents, additional compensation in cases where the recovery fees are greater than the amount of said fixed recovery fee.

Appears in 1 contract

Sources: General Terms and Conditions of Service

Default or late payment. In case of default or late payment, including partial payment, the Customer shall be liable to pay late payment penalties due the day following the payment due date and OVHcloud shall have the right to charge interest on the overdue amount at three times the statutory interest rate. Furthermore, any default or delay of payment (including partial) of the sums due by the Customer under the Contract which persists for more than four (4) days after notification of default or delay of payment sent to the Customer by email, shall result by right, and without requiring any additional notification or formal notice, in (a) the immediate demand of all of the sums remaining due by the Customer under the Contract regardless of their payment terms, and (b) the right of OVHcloud to decide to immediately suspend and without prior notice all or part of the Customer Services (including those which have been paid for), to refuse any new Order or renewal of Services to the Customer and to terminate all or part of the Contract .In case of default or late payment, business Customers shall be liable to pay a fixed recovery fee of sixty (60) US Canadian Dollars (US$CAD), without prejudice to OVHcloud’s right to demand, upon supporting documents, additional compensation in cases where the recovery fees are greater than the amount of said fixed recovery fee.

Appears in 1 contract

Sources: General Terms and Conditions of Service

Default or late payment. In case of default or late payment, including partial payment, the Customer Client shall be liable to pay late payment penalties due the day following the payment due date and OVHcloud OVH shall have the right to charge interest on the overdue amount at three times the statutory interest rate. Furthermore, any default or delay of payment (including partial) of the sums due by the Customer Client under the Contract which persists for more than four (4) days after notification of default or delay of payment sent to the Customer Client by email, shall result by right, and without requiring any additional notification or formal notice, in (a) the immediate demand of all of the sums remaining due by the Customer Client under the Contract regardless of their payment terms, and (b) the right of OVHcloud OVH to decide to immediately suspend and without prior notice all or part of the Customer Client Services (including those which have been paid for), to refuse any new Order or renewal of Services to the Customer Client and to terminate all or part of the Contract .In . In case of default or late payment, business Customers Clients shall be liable to pay a fixed recovery fee of sixty forty (6040) US Dollars (US$)Euros, without prejudice to OVHcloudOVH’s right to demand, upon supporting documents, additional compensation in cases where the recovery fees are greater than the amount of said fixed recovery fee.

Appears in 1 contract

Sources: General Terms of Service