Common use of Credit and Collections Clause in Contracts

Credit and Collections. 3.1. PRE-PAID SHIPMENTS 8 3.2. CREDIT APPLICATION 9 3.3. UPDATING OF CREDIT INFORMATION 9 3.4. REVOCATION OF CREDIT 9 3.5. PAYMENT TERMS / FINANCE CHARGE 9 3.6. INVOICE PROCESS 9 3.7. OFFSET PROHIBITED 9 3.8. CREDIT HOLD 9 3.9. DISPUTE PROCEDURE FOR INVOICES 9 4. TRANSIT TIMES; DELIVERY APPOINTMENTS; NO TRANSIT OR EQUIPMENT GUARANTEES 10 4.1. TRANSIT TIME CALCULATION AND EXPECTATIONS 10 4.2. XPO’s MONITORING OF SHIPMENTS 10 4.3. NO LIABILITY FOR TRANSIT DELAYS 10 4.4. NO EQUIPMENT AVAILABILITY GUARANTEES 10 4.5. ESTABLISHING A DELIVERY APPOINTMENT 10 4.6. CUSTOMER’S REQUIREMENT TO PROVIDE NOTICE WHEN EQUIPMENT IS EMPTY 11 4.7. PER DIEM NOTIFICATION 11

Credit and Collections. 3.1. PRE-PAID SHIPMENTS 8 10 3.2. CREDIT APPLICATION 9 11 3.3. UPDATING OF CREDIT INFORMATION 9 11 3.4. REVOCATION OF CREDIT 9 11 3.5. PAYMENT TERMS / FINANCE CHARGE 9 11 3.6. INVOICE PROCESS 9 11 3.7. OFFSET PROHIBITED 9 11 3.8. CREDIT HOLD 9 11 3.9. DISPUTE PROCEDURE FOR INVOICES 9 11 4. TRANSIT TIMES; DELIVERY APPOINTMENTS; NO TRANSIT OR EQUIPMENT GUARANTEES 10 12 4.1. TRANSIT TIME CALCULATION AND EXPECTATIONS 10 12 4.2. XPO’s MONITORING OF SHIPMENTS 10 12 4.3. NO LIABILITY FOR TRANSIT DELAYS 10 12 4.4. NO EQUIPMENT AVAILABILITY GUARANTEES 10 12 4.5. ESTABLISHING A DELIVERY APPOINTMENT 10 12 4.6. CUSTOMER’S REQUIREMENT TO PROVIDE NOTICE WHEN EQUIPMENT IS EMPTY 11 13 4.7. PER DIEM NOTIFICATION 1113