Miraclon’s Remedies for Non-Payment Sample Clauses

The 'Miraclon’s Remedies for Non-Payment' clause defines the actions Miraclon can take if a customer fails to pay amounts owed under the agreement. Typically, this clause allows Miraclon to suspend services, withhold delivery of products, or charge interest on overdue payments until the outstanding balance is settled. By outlining these remedies, the clause ensures Miraclon has clear recourse to address non-payment, thereby protecting its financial interests and encouraging timely payment from customers.
Miraclon’s Remedies for Non-Payment. In addition to any rights that Miraclon may have under law, equity or this Agreement, failure of the Customer to comply with this Section shall be deemed a material breach of this Agreement and may result in Miraclon (i) disabling the Financed Products, (ii) terminating any software license agreement relating to the Financed Products, (iii) charging a rental and remediation fee and/or interest in accordance with Miraclon’s then current policies and procedures, (iv) suspending or terminating services, (v) repossessing the Financed Products and (vi) at Miraclon’s option, taking an assignment of the financing documents from the Financing Company against a reasonable fee in order to exercise rights thereunder against the Customer.
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Related to Miraclon’s Remedies for Non-Payment

  • Remedies for Non-Compliance The Recipient agrees that if FTA determines that the Recipient or a Third Party Participant receiving federal assistance under 49 U.S.C. chapter 53 is not in compliance with 49 CFR Part 655, the Federal Transit Administrator may bar that Recipient or Third Party Participant from receiving all or a portion of the federal transit assistance for public transportation it would otherwise receive.

  • Remedies for Noncompliance Failure to comply with any part of this Section is a material breach of this Agreement. Engineer could immediately, and without notice, have all compensation withheld or suspended, be suspended from providing further Services, or be terminated from this Agreement for any lapse in coverage or material change in coverage which causes Engineer to be in noncompliance with the requirements of this Section.

  • Remedies for Default (a) Enterprise Services’ rights to suspend and terminate Contractor’s rights under this Contract are in addition to all other available remedies. (b) In the event of termination for default, Enterprise Services may exercise any remedy provided by law including, without limitation, the right to procure for all Purchasers replacement Services. In such event, Contractor shall be liable to Enterprise Services for damages as authorized by law including, but not limited to, any price difference between the Contract price and the replacement or cover price as well as any administrative and/or transaction costs directly related to such replacement procurement – e.g., the cost of the competitive procurement.