Common use of Payments to Third Parties Clause in Contracts

Payments to Third Parties. If Purchaser fails to pay when due any amounts required under this Contract to be paid to third parties by Purchaser, County may, but will not be obligated to, pay any or all such amounts directly to such third parties or otherwise to cure any such failure. If County makes any such payments, the amounts so paid will be immediately due and payable by Purchaser to County. Until paid, such amounts will be secured by this Contract and will be added to the principal balance due under this Contract and will bear interest at the Contract rate. County’s election to make any payments pursuant to this Section 1.4 will not constitute a waiver of County’s right to declare Purchaser to be in default of this Contract and to exercise any remedies described in Section 15.2.