Extended Payment Terms Clause Samples

Extended Payment Terms. Prior thereto or concurrent with the ---------------------- issuance of the Series B Notes, the Company shall have paid in full all amounts owing to the Vendor under the Extended Payment Terms Facility using funds other than the proceeds of the Series B Notes.

Extended Payment Terms. 9.1 From time to time we may offer extended payment terms on your credit card purchases. If you accept the extended payment terms, we will apply them to all purchases made from that point until the extended payment terms are cancelled. 9.2 The extended payment terms will increase the interest free period on purchases from a maximum of 56 days to a maximum of 117 days. This extended period will consist of three monthly statement periods, plus the standard twenty five days between the final statement date and the payment due date, which means you could have an interest free period of up to 117 days on purchases. 9.3 If you do not repay the full remaining balance that extended payment terms apply to before the end of the offer period, we will apply interest on the unpaid balance, at the standard rate which applies to purchases, from the date of each individual transaction. 9.4 If you do not make the minimum repayment in full for two consecutive months, any extended payment terms on your account will be cancelled, clause 9.3 will apply, and your standard terms will apply to all purchases from that point. 9.5 You have the right to cancel any extended payment terms that apply to your account at any time. If you do so, any extended payment terms on your account will be cancelled, clause 9.3 will apply, and your standard terms will apply to all purchases from that point.

Extended Payment Terms. The Parties agree that a new Section 3.6 shall be added to the Agreement which shall read in its entirety as follows: The parties agree that ▇▇▇▇▇ Medical, a division of ASD Specialty Healthcare, Inc. (“▇▇▇▇▇”) shall be authorized to purchase and distribute the Product to Extended Terms Customers in accordance with this Section 3.6. Dyax appoints ▇▇▇▇▇ as an ADR for the Product during the Term. (a) The Parties shall mutually agree upon a method to notify and obtain approval from Dyax as to whether the ordered Product will be sold by ▇▇▇▇▇ to an Extended Terms Customer. (b) ▇▇▇▇▇ shall ship the Product in accordance with the Product label to each Extended Terms Customer within one (1) business day of order receipt from the customer via UPS Next Day Air Service (standard air). No additional freight fees will be billed to the Extended Terms Customer, except that the Extended Term Customer will be billed the incremental difference in the event that expedited shipping is requested. (c) ▇▇▇▇▇ shall offer Extended Terms Customer extended invoice dating, with a length of time to pay mutually agreed upon by ▇▇▇▇▇ and such Extended Terms Customer, which shall not be less than [*****]. ▇▇▇▇▇ Medical shall not be obligated to pay the invoice(s) until the product(s) have been utilized and paid for, in full, by the physician office. ▇▇▇▇▇ will sell the Product to the physician office at a price [*****] at the time of order placement. (d) ▇▇▇▇▇ will instruct the Extended Terms Customer that it will be expected to make payment for the Product as soon as the Product is utilized. ▇▇▇▇▇ Medical will work with its affiliate, US Bioservices Corporation, to determine the method of utilization notification. ▇▇▇▇▇ will re-invoice the customer at Net [*****] once notified that Product has been used. (e) ▇▇▇▇▇ agrees to facilitate payment from each Extended Terms Customer. If the Extended Terms Customer pays with a credit card, ▇▇▇▇▇ will not charge the physician office for any credit card fees and will instead pass through any credit card fees to Dyax for reimbursement. (f) Dyax shall invoice ▇▇▇▇▇ separately for each unit of Product that ▇▇▇▇▇ indicates it will sell to an Extended Terms Customer. All Dyax invoices for units of Product shall be due and payable by ▇▇▇▇▇ within [*****] after receipt by ▇▇▇▇▇ of payment in full for such unit of Product by such Extended Terms Customer, provided, however, if ▇▇▇▇▇ pays such invoice within such [*****] after receipt of such payment, ▇▇▇...