Common use of Evaluated Receipt Settlement Clause in Contracts

Evaluated Receipt Settlement. Notwithstanding the foregoing, when tangible goods are requested and specified on the Purchase Order as an Evaluated Receipt Settlement (ERS), Supplier invoice is not required. The payment will be scheduled and paid based on Purchase Order payment terms.

Evaluated Receipt Settlement. Notwithstanding the foregoing, when tangible goods are requested and specified on the Purchase Order as an Evaluated Receipt Settlement (ERS), Supplier supplier invoice is not required. The payment will be scheduled and paid based on Purchase Order payment terms.