Failure to Pay Amounts When Due. If you do not pay the billed amounts when due, they will bear interest at the rate of 2.0% per month, compounded monthly (26.82% per annum), calculated from the date of invoice. Any partial payments will be charged first against the increased interest and then against the outstanding principal, starting with the overdue amounts that are the furthest due date from the payment. We may refer your file to a collection agency if your invoice is not paid sixty (60) days after the due date. We may also suspend your Services or terminate your agreement.
Appears in 2 contracts
Sources: Telecommunications Services Agreement, Telecommunications Services Agreement