5.2 NAIPL reserves the right to make any changes in the specification of the Products that are required to conform to any applicable safety or other statutory requirements.
These changes will be duly notified to the Customer. The Customer cannot cancel the order placed provided The changes do not alter the basic terms of the contract. For other types of changes, the possibility of cancellation will be subject to manufacturer’s discretion.
7.3 The time of payment of the price shall be of the essence of the Contract. If the customer fails to make a payment on the NAIPL shall be entitled to: –
7.3.1 Cancel the Contract or suspend any further deliveries or suspend any services to the Customer.
7.3.2 Appropriate any payment made by the customer to such of the products as NAIPL may think fit (notwithstanding any purported appropriation by the customer).
7.3.3 Charge the customer interest (both before and after judgment) on the amount unpaid at the rate of 24% per annum above ICICI BANK base rate from time to time until payment in full is made such interest being calculated on a daily basis.
10.2.2 NAIPL shall be under no liability in respect of any defect arising from fair wear and tear willful damage negligence abnormal working conditions failure to follow NAIPL or the manufacturer’s or publisher’s Instructions (whether oral or in Writing) misuse or alteration or repair of the Products without NAIPL approval.
10.2.3 NAIPL shall be under no liability under the above warranty if the total price of the Products has not been paid.
12.1 This clause applies if:
12.1.1 The customer makes any voluntary arrangements with its creditors or becomes subject to an administration order or (being an individual or firm) becomes bankrupt or (being a company) goes into liquidation otherwise than for the purposes of amalgamation or reconstruction.
12.1.2 An encumbrance takes possession or a receiver is appointed of any of the property assets of the Customer or
12.1.3 The customer ceases or threatens to cease carrying on business or
12.1.4 NAIPL reasonably apprehends that any of the events mentioned above is about to occur in relation to the Customer and notifies the Customer accordingly.