Common use of Miraclon’s Remedies for Non-Payment Clause in Contracts

Miraclon’s Remedies for Non-Payment. In addition to any rights that Miraclon may have under law, equity or this Agreement, failure of the Customer to comply with this Section shall be deemed a material breach of this Agreement and may result in Miraclon (i) disabling the Financed Products, (ii) terminating any software license agreement relating to the Financed Products, (iii) charging a rental and remediation fee and/or interest in accordance with Miraclon’s then current policies and procedures, (iv) suspending or terminating services, (v) repossessing the Financed Products and (vi) at Miraclon’s option, taking an assignment of the financing documents from the Financing Company against a reasonable fee in order to exercise rights thereunder against the Customer.

Miraclon’s Remedies for Non-Payment. In addition to any rights that Miraclon may have under law, equity or this Agreement, failure of the Customer to comply with this Section shall be deemed a material breach of this Agreement and may result in Miraclon (ia) disabling the Financed Products, (iib) terminating any software license agreement relating to the Financed Products, (iiic) charging a rental and remediation fee and/or interest in accordance with Miraclon’s then current policies and procedures, (ivd) suspending or terminating services, (ve) repossessing the Financed Products and (vif) at Miraclon’s option, taking an assignment of the financing documents from the Financing Company against a reasonable fee in order to exercise rights thereunder against the Customer.