Common use of Remedies for Default Clause in Contracts

Remedies for Default. In the event of any default by the Customer, EDDYFI may terminate the agreement with immediate effect and as a consequence of defaultclaim the entire amount for the whole rental period still unpaid by the Customer under the Agreement immediately due and payable. In the event of such termination, the Customer agrees to immediately return the product subject to the Agreement to EDDYFI and agrees that EDDYFi may enter into the premises where the product is located and remove same. All costs and expenses, including legal fees incurred in execution of this section of the Agreement will be paid by the Customer. EDDYFI may at its discretion claim any interets on the outstanding amounts based on the statutory regulations.

Remedies for Default. In the event of any default by the Customer, EDDYFI may terminate the agreement with immediate effect and as a consequence of defaultclaim the entire amount for the whole rental period still unpaid by the Customer under the Agreement immediately due and payable. In the event of such termination, the Customer agrees to immediately return the product subject to the Agreement to EDDYFI XXXXXX and agrees that EDDYFi XXXXXx may enter into the premises where the product is located and remove same. All costs and expenses, including legal fees incurred in execution of this section of the Agreement will be paid by the Customer. EDDYFI may at its discretion claim any interets on the outstanding amounts based on the statutory regulations.