Common use of Customer's Default Clause in Contracts

Customer's Default. 15.1 If the Customer fails to make any payment on the due date then, without prejudice to any other right or remedy available to the Supplier, the Supplier shall be entitled to: 15.1.1 cancel the order or suspend any further deliveries or provision of Goods and Services to the Customer; 15.1.2 appropriate any payment made by the Customer to such of the Goods and/or Services (or the goods and/or services supplied under any other contract between the Customer and the Supplier) as the Supplier may think fit (notwithstanding any purported appropriation by the Customer); and 15.2 This condition applies if: 15.2.1 the Customer fails to perform or observe any of its obligations hereunder or is otherwise in breach of the Contract; 15.2.2 the Customer becomes subject to an administration order or enters into a voluntary arrangement under Parts I or VIII of the Insolvency Act 1986 or the Insolvent Partnerships Order 1994 (as amended) or (being an individual or firm) becomes bankrupt or (being a company) goes into liquidation; 15.2.3 an encumbrancer takes possession, or a receiver is appointed, of any of the property or assets of the Customer; 15.2.4 the Customer ceases, or threatens to cease, to carry on business; or 15.2.5 the Supplier reasonably apprehends that any of the events mentioned above is about to occur in relation to the Customer and notifies the Customer accordingly.