Common use of Payments in advance Clause in Contracts

Payments in advance. The Customer is obliged to effect the advance payment as contractually provided, unless otherwise agreed in writing, exclusively by bank transfer to the Italian bank account under the name of Gruppo DP and communicated by the latter in writing in the order confirmation. - Should the terms of payment agreed for each single supply establish payment in advance for the latter in a lump sum upon placing the order and the Customer fail to effect the payment within the agreed terms – or in any case should the latter not provide for payment by and not exceeding thirty days from the request/order confirmation – then Gruppo DP will be entitled to immediately cancel the contract, save for the right of Gruppo DP to lay claim to the Customer to pay for any damages suffered and expenditures borne. - Should the terms of payment agreed for each single supply establish advance payment of the latter in a lump sum upon placing the order and the Customer fail to totally effect payment by the agreed terms but pay a lower sum, – or in any case should the latter fail to provide total payment by and not exceeding thirty days from the request/order confirmation – then Gruppo DP will be entitled to immediately cancel the contract withholding a sum equal to ten percent of the total value of the supply by way of a penalty, save for the right of Gruppo DP to be paid for any further damage suffered and for expenditures borne. - Should the terms of payment agreed for each single supply establish advance payment of the latter in a lump sum before dispatching the goods ready (or, after dispatch, establish advance payment before consigning the documents pertinent to the goods to the Customer), and the Customer fail to effect total payment within the agreed terms or pay a lower sum – or in any case fail to pay the total due by and not exceeding fifteen days from request – then Gruppo DP will be entitled to immediately cancel the contract withholding a sum equalling twenty percent of the total value of the supply by way of a penalty, save for the right of Gruppo DP to be paid for any further damage suffered and for expenditures borne. - Should the terms of payment agreed for each single supply establish advance payment of the latter in a lump sum upon ordering and the balance by payment in advance before dispatch (or, after dispatch, advance payment of the balance before consigning the documents pertinent to the goods to the Customer), it is understood that should the Customer fail to promptly pay the total balance as requested by Gruppo DP – or in any case fail to pay the total balance by and not exceeding fifteen days from request by Gruppo DP – then Gruppo DP will be entitled to immediately cancel the contract withholding a sum equalling twenty percent of the total value of the supply by way of a penalty, save for the right of Gruppo DP to be paid for any further damage suffered and for expenditures borne.