Common use of Default or late payment Clause in Contracts

Default or late payment. If the Client fails to pay in full sum due to OVHcloud under the Contract by its due date, then, the Client shall pay interest on the overdue amount at the rate of 1,5% per annum above the Central Bank of Ireland's base rate from time to time or the maximum rate authorized by laws if less. Such interest shall accrue on a daily basis from the due date until actual payment of the overdue amount, whether before or after judgment. The Client shall pay the interest together with the overdue amount. Furthermore, as a result of such default or late payment persisting for more than (4) calendar days after notification sent to the Client by email, without requiring any additional notification or formal notice, (a) all of sums remaining due by the Client under the Contract shall become due regardless of their payment terms, and (b) OVHcloud shall have the right, immediately without prior notice, to suspend and all or part of the Client Services (including those which have been paid for), to refuse any new Order or renewal of Services and to terminate all or part of the Contract.

Default or late payment. If the Client fails to pay in full sum make any payment due to OVHcloud under the Contract by its the due datedate for payment, then, the Client shall pay interest on the overdue amount at the rate of 1,51% (one percent) per annum above the Central Bank of IrelandEngland's base rate from time to time or the maximum rate authorized by laws if less. Such interest shall accrue on a daily basis from the due date until actual payment of the overdue amount, whether before or after judgment. The Client shall pay the interest together with the overdue amount. Furthermore, as a result of such default or late payment persisting for more than (4) calendar days after notification sent to the Client by email, without requiring any additional notification or formal notice, (a) all of sums remaining due by the Client under the Contract shall become due regardless of their payment terms, and (b) OVHcloud shall have the right, immediately without prior notice, to suspend and all or part of the Client Services (including those which have been paid for), to refuse any new Order or renewal of Services and to terminate all or part of the Contract.