Common use of Commencement and Application Clause in Contracts

Commencement and Application. 2.1 This Agreement shall commence on the Commencement Date, unless the Purchaser has been notified that its application has been declined by the Company, and endure and apply to all transactions between the Company and the Purchaser, until all the obligations of the Purchaser in terms hereof (particularly in respect of all amounts due under outstanding Orders) have been fully discharged unless otherwise terminated in terms hereof. 2.2 This Agreement and particularly these terms and conditions shall apply to all transactions between the Company and the Purchaser for – 2.2.1 the sale and acquisition of Goods; and 2.2.2 the advance of Credit to the Purchaser. 2.3 The provisions of this Agreement and particularly these terms and conditions shall override any terms or provisions provided or imposed on the Purchaser (to the extent of any inconsistencies with these terms and conditions) when purchasing or ordering Goods from the Company, it being specifically agreed and recorded that all transactions relating to the advance of Credit and the purchase and sale of Goods shall be governed only by the terms of this Agreement. 2.4 The withdrawal, cancellation or termination of any particular Order, Accepted Order or Quotation shall not affect the provisions of this Agreement which will remain binding on the Parties unless otherwise agreed in writing between the Parties. 2.5 Notwithstanding the provisions of clause 2.1, the Company shall at any time and on 10 (ten) days' written notice to the Purchaser, be entitled to terminate this Agreement in which event the Outstanding Amount shall immediately become due and payable.

Commencement and Application. 2.1 This Agreement shall commence on the Commencement Date, unless the Purchaser has been notified that its application has been declined by the Company, Date and endure and apply to all transactions between the Company Joule and the Purchaser, Purchaser until all the obligations of the Purchaser in terms hereof (particularly in respect of all amounts due under outstanding Orders) have been fully discharged unless otherwise terminated in terms hereof. 2.2 This Agreement and particularly these terms and conditions shall apply to all transactions between the Company and the Purchaser for – 2.2.1 the sale and acquisition of Goods; and 2.2.2 the advance of Credit to the Purchaser. 2.3 The provisions of this Agreement and particularly these terms and conditions shall override any terms or provisions provided or imposed on by the Purchaser (to the extent of any inconsistencies with these terms and conditions) when purchasing or ordering Goods from the CompanyJoule, it being specifically agreed and recorded that all transactions relating to the advance of Credit Terms and the purchase and sale of Goods shall be governed only by the terms of this Agreement. Even if a document is accepted and processed by Joule, no Purchaser terms on such documents shall novate, supersede or vary this Agreement, nor create a new agreement unless directors of both Parties sign such terms. 2.4 2.3 The withdrawal, cancellation or termination of any particular Order, Accepted Order or Quotation shall not affect the provisions of this Agreement Agreement, which will remain binding on the Parties unless otherwise agreed in writing between the Parties. 2.5 2.4 Notwithstanding the provisions of clause 2.1, the Company Joule shall at any time and on 10 (ten) days' written notice to the Purchaser, Purchaser be entitled to terminate this Agreement in which event the Outstanding Amount shall immediately become due and payableAgreement.