Common use of Payment and Default Clause in Contracts

Payment and Default. Invoices with the requisite purchase order number will be sent by e-mail to the Client. ▇▇▇▇▇▇▇ returned for insufficient funds will be assessed a return charge of £50 and the Client's account will immediately be considered to be in default until full payment is received. Clients with accounts in default agree to pay OCB Publishing’s expenses, including, but not limited to, legal fees, court costs and collection agency fees, incurred by OCB Publishing in enforcing these Terms and Conditions. If a project is not completed by OCB Publishing by the agreed project completion deadline, as defined in the project schedule, OCB Publishing will be subject to a penalty of 1% of the total invoice due for each day (or part of) that the project is delayed beyond the deadline, up to a maximum of 20%. This penalty to be deducted from the total invoice amount prior to the invoice being submitted to the Client.

Payment and Default. Invoices with the requisite purchase order number will be sent by e-mail to the Client. ▇▇▇▇▇▇▇ returned for insufficient funds will be assessed a return charge of £50 and the Client's account will immediately be considered to be in default until full payment is received. Clients with accounts in default agree to pay OCB PublishingMedia’s expenses, including, but not limited to, legal fees, court costs and collection agency fees, incurred by OCB Publishing Media in enforcing these Terms and Conditions. If a project is not completed by OCB Publishing Media by the agreed project completion deadline, as defined in the project schedule, OCB Publishing Media will be subject to a penalty of 1% of the total invoice due for each day (or part of) that the project is delayed beyond the deadline, up to a maximum of 20%. This penalty to be deducted from the total invoice amount prior to the invoice being submitted to the Client.