BMSI definition
Examples of BMSI in a sentence
The Customer may not assign any benefits or burdens of this Contract without the express written consent of BMSI.
Without prejudice to BMSI’s right to claim costs under the Late Payment of Commercial Debts (Interest) ▇▇▇ ▇▇▇▇, if for any reason any payment is not made when due BMSI reserve the right to be paid on an indemnity basis any costs are incurred in recovering any money due under this contract (and the costs of recovering such costs) including administrative costs and any costs incurred with lawyers or debt collection agencies.
BMSI will not be held responsible for the consequences of any information provided by the Customer not being complete, accurate or current.
BMSI shall be entitled to exercise its rights of termination or suspension hereunder at anytime during which the event giving rise thereto shall not have ceased or been remedied, and in the circumstances of any such suspension, BMSI shall be entitled to require as a condition of resuming performance under the Contract, pre‐payment of or such security as it may stipulate for the payment of any sum or sums due or to become due to it.
Upon any such event happening BMSI shall also have a general lien over all monies and property of the Customer in its possession for any sums due to BMSI.
Where the Customer makes a written request to vary the Goods and/or Works, in accordance with clause 4.2, and BMSI agrees to the variations, BMSI will face no liability for loss or damages as a result of not completing the Works, or providing the Goods, on time, as set out in the original Contract.
If BMSI agrees to any such variation, any times for delivery of the Goods and/or completion of the Works shall be extended as is reasonable in the circumstances.
BMSI shall be entitled to interim payment for off‐site manufacture of control panels and where BMSI are requested to deliver products to addresses off‐site then the value of these items shall also be included in the application for payment.
BMSI may assign any of its obligations under this Contract to any third party (including subcontracting any part of the Works) subject to the consent of the Customer (such consent not to be unreasonably withheld or delayed).
BMSI reserve the right to invoice such cost separately or within the next invoice due at their discretion.