Common use of Notification of Overdue Account and Evidence of Debt Clause in Contracts

Notification of Overdue Account and Evidence of Debt. 3.1.1 Notification of Overdue Account a) You shall notify Us through our online system and within the time limit for notification, any Overdue Account remaining due at the date of your notification, if it exceeds the notification threshold. b) In case of Overdue Account, You shall take all measures as may be considered necessary to prevent or minimise the consequences of the claim. You shall pursue diligently and in good time any rights You may have over the Debt, including rights to recover goods or to protect your or our rights or to secure the payment of the Debt.