Common use of CUSTOMER CREDIT Clause in Contracts

CUSTOMER CREDIT. a. BioRidge will establish credit limits for each customer or groups of customers. b. BioRidge’s system will monitor orders and outstanding account receivable against the customer's credit limit and hold orders where credit limits are exceeded. c. BioRidge may elect to place a customer's account on credit hold so that all orders are reviewed prior to shipment. d. BioRidge will review and approve all customer orders held for credit limits prior to shipment and will notify Hemispherx of those customers whose orders are being held.