Common use of Payment Default Clause in Contracts

Payment Default. If overdue consideration, with the addition of late payment interest, has not been paid within thirty (30) calendar days of the due date, the Contractor may send a written notice to the Customer, stating that the Agreement will be terminated for breach, unless settlement has taken place within sixty (60) calendar days of receipt of such notice. Termination for breach may not take place if the Customer settles the overdue consideration, with the addition of late payment interest, by the expiry of the deadline.

Appears in 19 contracts

Sources: Development and Customisation Agreement, Development and Customisation Agreement, Purchasing Agreement

Payment Default. If overdue consideration, with the addition of late payment interest, has not been paid within thirty (30) calendar days of the due date, the Contractor may send a written notice to the Customer, stating that the Agreement will be terminated for breach, unless settlement has taken place within sixty (60) calendar days of receipt of such notice. Termination for breach may not take place if the Customer settles the overdue consideration, with the addition of late payment interest, by the expiry of the deadline.

Appears in 16 contracts

Sources: Purchase Agreement, Purchasing Agreement, Purchase Agreement

Payment Default. If overdue consideration, with the addition of late payment interest, has not been paid within thirty (30) calendar days of the due date, the Contractor Consultant may send a written notice to the Customer, stating that the Agreement will be terminated for breach, unless settlement has taken place within sixty (60) calendar days of receipt of such notice. Termination for breach may not take place if the Customer settles the overdue consideration, with the addition of late payment interest, by the expiry of the deadline.

Appears in 5 contracts

Sources: Consultancy Assistance Agreement, Consultancy Assistance Agreement, Research and Development Agreement

Payment Default. If overdue consideration, with the addition of late payment interest, has not been paid within thirty (30) calendar days of the due date, the Contractor Consultant may send a written notice to the Customer, stating that the Agreement will be terminated for breach, unless settlement has taken place within sixty (60) calendar days of receipt of such notice. Termination for breach may not take place if the Customer settles the overdue consideration, with the addition of late payment interest, by the expiry of the deadline.

Appears in 5 contracts

Sources: Research and Development Agreement, Consultancy Assistance Agreement, Consultancy Assignment Agreement

Payment Default. If overdue consideration, with the addition of late payment interest, has not been paid within thirty (30) calendar days of the due date, the Contractor may send a written notice to the Customer, stating that the Agreement will be terminated for breach, unless settlement has taken place within sixty (60) calendar days of receipt of such notice. Termination for breach may not take place if the Customer settles the overdue consideration, with the addition of late payment interest, by the expiry of the deadlinetime limit.

Appears in 3 contracts

Sources: Sale and Purchase Agreement, Sale and Purchase Agreement, Maintenance Agreement

Payment Default. If overdue overdue, undisputed consideration, with the addition of interest on late payment interestpayment, has not been paid within thirty (30) calendar days of the due date, the Contractor Supplier may send a give the Customer written notice to the Customer, stating that the Agreement will be terminated for breach, unless cancelled if settlement has taken place not been made within sixty (60) calendar days of receipt of such notice. Termination for breach Cancellation may not take place if the Customer settles the overdue consideration, with the addition of late payment interest, by prior to the expiry of the deadline.

Appears in 3 contracts

Sources: Agreement Concerning Ongoing Purchases of Services via the Internet, Agreement Concerning Ongoing Purchases of Services via the Internet, Agreement Concerning Ongoing Purchases of Services via the Internet

Payment Default. If overdue overdue, undisputed consideration, with the addition of interest on late payment interestpayment, has not been paid within thirty (30) calendar days of the due date, the Contractor Supplier may send a give the Customer written notice to the Customer, stating that the Agreement will be terminated for breach, unless cancelled if settlement has taken place not been made within sixty (60) calendar days of receipt of such notice. Termination for breach Cancellation may not take place if the Customer settles the overdue consideration, with the addition of late payment interest, by prior to the expiry of the deadline.

Appears in 3 contracts

Sources: Ongoing Purchase of Services Agreement, Agreement Concerning Ongoing Purchases of Services via the Internet, Agreement Concerning Ongoing Purchases of Services via the Internet

Payment Default. If overdue consideration, with the addition of late lay payment interest, has not been paid within thirty (30) calendar days of the due date, the Contractor may send a written notice to the Customer, Customer stating that the Agreement will be terminated for breach, breach unless settlement has taken place within sixty (60) calendar days of receipt of such notice. , Termination for breach may not take place if the Customer settles the overdue consideration, with the addition of late payment interest, by the expiry of the deadline.

Appears in 2 contracts

Sources: Research and Development, Research and Development

Payment Default. If overdue consideration, with the addition of late payment interest, has not been paid within thirty (30) calendar days of the due date, the Contractor Supplier may send a written notice to the CustomerContractor, stating that the Agreement will be terminated for breach, unless settlement has taken place within sixty (60) calendar days of receipt of such notice. Termination for breach may not take place if the Customer Contractor settles the overdue consideration, with the addition of late payment interest, by the expiry of the deadline.

Appears in 1 contract

Sources: Purchase Agreement

Payment Default. If overdue consideration, with the addition of late payment interest, has not been paid within thirty (30) calendar days of the due date, the Contractor may send the Customer a written notice to the Customer, stating that the Agreement will be terminated for breach, unless settlement has taken place within sixty (60) calendar days of receipt of such the notice. Termination for breach may not take place if the Customer settles the overdue consideration, with the addition of late payment interest, by prior to the expiry of the deadline.

Appears in 1 contract

Sources: Operational Services Agreement

Payment Default. If overdue consideration, with the addition of late payment interest, has not been paid within thirty (30) calendar days of the due date, the Contractor may send the Customer a written notice to the Customer, stating that the Agreement will be terminated for breach, unless settlement has taken place within sixty (60) calendar days of receipt of such the notice. Termination for breach may not take place if the Customer settles the overdue consideration, with the addition of late payment interest, by prior to the expiry of the deadline.

Appears in 1 contract

Sources: Operational Services Agreement

Payment Default. If overdue considerationpayment, with the addition of late payment interest, has not been paid within thirty (30) calendar days of the due date, the Contractor Supplier may send a written notice to the Customer, stating that the Agreement will be terminated for breach, unless settlement has taken place within sixty (60) calendar days of receipt of such notice. Termination for breach may not take place if the Customer settles the overdue considerationpayment, with the addition of late payment interest, by the expiry of the deadline.

Appears in 1 contract

Sources: Call Off Agreement

Payment Default. If overdue consideration, with the addition of late lay payment interest, has not been paid within thirty (30) calendar days of the due date, the Contractor may send a written notice to the Customer, Customer stating that the Agreement will be terminated for breach, breach unless settlement has taken place within sixty (60) calendar days of receipt of such notice. ., Termination for breach may not take place if the Customer settles the overdue consideration, with the addition of late overdue payment interest, by the expiry of the deadline.

Appears in 1 contract

Sources: Research and Development Agreement

Payment Default. If overdue consideration, with the addition of late payment interest, has plus interest is not been paid made within thirty 30 (30thirty) calendar days of the due date, the Contractor Supplier may send a issue written notice to the Customer, stating Customer that the Agreement will be terminated for breach, unless if settlement has taken place not been made within sixty 60 (60sixty) calendar days of receipt of such noticethe notice having been received. Termination for breach may The Agreement cannot take place be terminated if the Customer settles the overdue consideration, with the addition of late payment interest, plus interest by the expiry expiration of the deadline.

Appears in 1 contract

Sources: Maintenance Agreement