L ate Payment. If Client fails to make any payment when due then, in addition to all other remedies that may be available to Contractor: Contractor may charge interest on the past due amount at the rate of 1.5% per month, calculated daily and compounded monthly or, if lower, the highest rate permitted under applicable law; Client shall reimburse Contractor for all costs incurred by Contractor in collecting any late payment of amounts due or related interest, including attorneys' fees, court costs and collection agency fees; and if such failure continues for 60 days following written notice thereof, Contractor may: (i) disable Client’s use of the Licensed Software Programs (including by means of a disabling code, technology or device); (ii) withhold, suspend or revoke its grant of a license hereunder; and/or (iii) terminate this Agreement.
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