Common use of Penalties for Nonpayment Clause in Contracts

Penalties for Nonpayment. If Owner does not receive full payment due from User within fourteen (14) days, Owner reserves the right to refuse to provide User with any further services until full payment is received. This may prevent User from booking events in venues managed by Carolina Performing Arts and/or utilizing Memorial Hall Box Office services. Nonpayment may also result in the cancellation of events previously booked. Owner reserves the right to share information of nonpayment status with other University departments and organizations, which also may deny services to User. If full payment is received more than fourteen (14) days after the invoice date, Owner reserves the right to insist on special deposit terms before agreeing to book a venue or provide services for User.

Penalties for Nonpayment. If Owner owner does not receive full payment due from User user within fourteen (14) days, Owner owner reserves the right to refuse to provide User user with any further services until full payment is received. This may prevent User user from booking events in venues managed by Carolina Performing Arts and/or utilizing Memorial Hall Box Office services. Nonpayment may also result in the cancellation of events previously booked. Owner reserves the right to share information of nonpayment status with other University departments and organizations, which also may deny services to Useruser. If full payment is received more than fourteen (14) days after the invoice date, Owner owner reserves the right to insist on special deposit terms before agreeing to book a venue or provide services for User.