Payment Breach. In the event that the Buyer breaches any payment that shall be done according this Agreement, the Seller (without any prejudice of any other right or legal resource derived from this Agreement or any other source) will have the right at its sole discretion (i) to suspend any further delivery of the Product until the Buyer pays the matured amounts and the interests derived on those amounts and (ii) to terminate the present Agreement with immediate effects (without the need of any judicial declaration) through notice to the Buyer given in any moment prior to the complete payment of all the owed amounts and the correspondent interests by the Buyer.
Appears in 3 contracts
Sources: Fourth Modifying Agreement to the Purchase and Sale Agreement of Anhydrous Ammonia (Innophos Investment Holdings, Inc.), Purchase and Sale Agreement (Innophos, Inc.), Fourth Modifying Agreement to the Purchase and Sale Agreement of Anhydrous Ammonia (Innophos Mexico Holdings, LLC)