Late payments by the Purchaser shall be subject to interest payments of 1.25% per month. If invoices remain overdue for a period in excess of 60 days, the Supplier reserves the right to suspend delivery until payment has been made or terminate the subcontract. Any cost incurred to the Supplier by such termination shall be borne by the Purchaser.
If delivery of equipment or materials or installation of such equipment is delayed for reasons Supplier is not responsible for, Supplier shall be entitled to invoice and charge the Purchaser extra for any additional costs (e.g. storage, waiting time, acceleration) arising as a result.