If the Customer defaults in payment by the due date of any amount payable to the Supplier, then all money which would become payable by the Customer to the Supplier at a later date on any account, becomes immediately due and payable without the requirement of any notice to the Customer, and the Supplier may, without prejudice to any other remedy available to it:-
- charge the Customer interest on any sum due to the prevailing rate pursuant to the Penalty Interest Rates Act 1983 plus 2 per cent for the period from the due date until the date of payment in full;
- charge the Customer for all expenses and costs (including legal costs on a solicitor/own client basis) incurred by it resulting from the default and in taking whatever action it deems appropriate to recover any sum due;
- cease or suspend for such period as the Supplier thinks fit, supply of any further goods to the Customer;
- by notice in writing to the Customer, terminate any contract with the Customer so far as unperformed by the Supplier;
Without effect on the accrued rights of the Supplier under any contract.