Credit Sales. Licensee and Grantor both acknowledge and agree that if any sale on credit is permitted hereunder Grantor hereby retains a security interest in and lien upon the Products so sold until payment in full is received by Grantor.
Credit Sales. Payment is net 30 days of the invoice date. Verantis Corporation, at its option, reserves the right to withdraw credit, or change the terms thereof at any time. A late charge of one-and one half percent (1-1/2%) per month, a rate of eighteen percent (18%) per annum, or the maximum permitted by law whichever is less, will be imposed on all past due invoice(s). A weekly storage fee (1-1/2%) shall be charged for any delayed shipments caused by the Buyer.
Credit Sales. Subject to the terms and conditions outlined on Schedule 9.2 (the “Credit Card Conditions”), which is attached hereto and incorporated herein, Licensee shall accept the SearsCard®, Sears Premier Card® and SearsCharge PlusSM (each, a “Sears Card”) issued by Sears National Bank for payment for Authorized Merchandise/Services. Licensee shall also accept the Sears MasterCard®, Sears Gold MasterCard®, Sears Premier Gold MasterCard® and The Great Indoors® Gold MasterCard®, each issued by Sears National Bank (each, a “Sears MasterCard Card”), any other credit card hereinafter issued by Sears National Bank and such other credit cards issued by third parties as Sears may designate from time to time (collectively, “Third Party Credit Cards”), subject to the terms and conditions outlined by the merchant agreement between Licensee and Issuer. The merchant ID associated with the merchant agreement between Licensee and Issuer shall reflect the Licensed Business Name. Each Sears Card and each Third Party Credit Card are referred to individually herein as a “Credit Card” and are referred to collectively herein as the “Credit Cards”. Licensee shall not attempt to suppress or discourage use of any Credit Card by any person whose name is on the Credit Card or any other authorized user of such Credit Card (collectively, the “Cardholder”). Licensee shall accept the Credit Cards at all Licensed Business locations authorized under this Agreement for the purchase of Authorized Merchandise/Services, provided that the Credit Card transactions resulting from acceptance of each Credit Card must be in United States dollars. The preferred method of payment is a Sears Card or a Sears MasterCard Card, and Licensee should always suggest use of a Sears Card or a Sears MasterCard Card to customers of the Licensed Business. All Sears Card transactions shall be submitted to Sears, in the manner that Sears designates, for settlement with the issuing bank (“Issuer”). Such Issuer shall process such transactions as if Sears had engaged in such transactions itself. Subject to all of the terms and conditions of this Agreement, including Sears rights under Section 9.7, Sears shall pay all sums due Licensee on each sale of Authorized Merchandise/Services made by Licensee to a Cardholder that is charged to a Sears Card account (a “Sears Credit Card Sale”) in accordance with Section 9.4. Licensee hereby grants Sears the right to accept payments and settlements by Issuer for each Sears Credit Card Sale ...
Credit Sales. GENTECH reserves the right to withdraw credit and require full payment before production, shipment, delivery or Commissioning if GENTECH, in its sole discretion, determines that Buyer’s financial condition does not merit GENTECH’s extension of credit. A finance charge of 1.5% per month will be assessed on all past due balances. If such finance charge exceeds the maximum rate allowed by Applicable Law, then such finance charge shall be deemed to be reduced to equal the maximum rate allowed by Applicable Law.
Credit Sales. XXXXX reserves the right to withdraw credit and require full payment before production, shipment, delivery or Commissioning if XXXXX, in its sole discretion, determines that Buyer’s financial condition does not merit XXXXX’x extension of credit. A finance charge of 1.5% per month will be assessed on all past due balances. If such finance charge exceeds the maximum rate allowed by Applicable Law, then such finance charge shall be deemed to be reduced to equal the maximum rate allowed by Applicable Law.
Credit Sales. Licensee may provide credit to its customers through use of Master Charge, American Express, Visa, and Discover. Licensee shall comply with all policies and requirements relating to credit sales established by the agencies extending the credit.
Credit Sales. Each sale on an installment basis (such as so-called lay-away sales) or otherwise involving the extension of credit shall be treated as a sale for the full price in the period in which occurs the earliest of the following: (a) Tenant first considers the same a sale for accounting purposes, (b) the first payment therefor is received or (c) delivery or performance is first commenced.
Credit Sales. The following provi- sions apply to MFH credit sales on NP terms:
Credit Sales. All USRI shall refer all requests for customer financing to Home Depot, and that Home Depot shall have a right of first refusal to provide financing to customers through Home Depot or its selected financing entity, subject to standard procedures for approval and on terms and conditions to be determined by Home Depot. In the event Home Depot or its selected financing entity declines to provide financing or the terms offered are not accepted by the customer, the USRI shall, if directed to do so by Home Depot, refer the customer to secondary financing entities to be designated and pre-approved by Home Depot. No part of the finance charge shall be payable to or credited in any way to the USRI, and the USRI shall not be responsible for losses sustained as a result of credit losses on such credit sales. However, in the event the USRI advises customers of terms to be offered by Home Depot, or its selected financing entities, the USRI will comply with all provisions of Law governing credit sales, including but not limited to provisions dealing with proper disclosures to customers, finance charges and the like, with respect to credit sales or their solicitation and the right of rescission.
Credit Sales shall describe itself as agent for the Principal but shall at no time hold itself out as having the right to pledge the credit of the Principal except as provided by this agreement or unless the Agent shall first have obtained the prior written consent of the Principal;
