Common use of Buyer’s Credit Clause in Contracts

Buyer’s Credit. Should Buyer’s financial responsibility become unsatisfactory to Seller, Seller may require cash payments or security satisfactory to Seller for future deliveries and for the goods theretofore delivered. Seller reserves the right, among other remedies, to suspend further deliveries in the event Buyer fails to pay for any one shipment in full when same becomes due, and such failure to pay shall be grounds for termination under Section 5.

Appears in 1 contract

Samples: Gci Terms and Conditions

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Buyer’s Credit. Should Buyer’s financial responsibility become unsatisfactory to Seller, Seller may require cash payments or security satisfactory to Seller for future deliveries and for the goods theretofore delivered. Seller reserves the right, among other remedies, either to terminate this Agreement or to suspend further deliveries in the event Buyer fails to pay for any one shipment in full of materials when same becomes due. Should Buyer's financial responsibility become unsatisfactory to Seller, cash payments or satisfactory security may be required by Seller for future deliveries and such failure to pay shall be grounds for termination under Section 5materials theretofore delivered.

Appears in 1 contract

Samples: General Terms and Conditions

Buyer’s Credit. Should Buyer’s financial responsibility become unsatisfactory to Seller, Seller may require cash payments or security satisfactory to Seller for future deliveries and for the goods theretofore delivered. Seller reserves the right, among other remedies, either to terminate this contract or to suspend further deliveries under it in the event Buyer fails to pay for any one shipment in full when same becomes due. Should Buyer's financial responsibility become unsatisfactory to Seller, cash payments or security satisfactory to Seller may be required by Seller for future deliveries and such failure to pay shall be grounds for termination under Section 5the goods theretofore delivered.

Appears in 1 contract

Samples: LSB Industries Inc

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Buyer’s Credit. Should Buyer’s financial responsibility become unsatisfactory to Seller, Seller may require cash payments or security satisfactory to Seller for future deliveries and for the goods theretofore delivered. Seller reserves the right, among other remedies, either to terminate this Agreement or to suspend further deliveries in the event Buyer fails to pay for any one shipment in full invoice when same becomes due. Should Buyer’s financial responsibility become unsatisfactory to Seller, cash payments or satisfactory security may be required by Seller for future deliveries and such failure for goods therefore delivered. Xxxxx agrees to pay shall be grounds all reasonable expenses that Seller incurs to obtain payment for termination under Section 5invoices, including, without limitation, interest, collection agency expenses, court costs and attorney’s fees.

Appears in 1 contract

Samples: Composites General Terms

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