Factory. A special cash discount of 2% of the net f.o.b. factory price will be allowed on the purchase of any machine superstructure, undercarriage or boom attachment, provided the Distributor's account is not past due, and provided that full payment is made within 15 days from date of shipment from the factory. No cash discount will be allowed on payment for parts. All payments shall be made in United States funds free of exchange and collection charges. Overdue accounts are subject to a charge of 1-1/2% per month or the maximum legal contractual rate between corporations, whichever is the lesser. If, in the sole discretion of the Company, terms of payment other than those stipulated above appear advisable, the Distributor shall agree to an equitable revision of such terms. "Volume Discounts", Cancellation Charges, "Floor Plan" and "Rental Terms" are set forth in Annex "B."
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Factory. A special cash discount of 2% of the net f.o.b. factory price will be allowed on the purchase of any machine superstructure, undercarriage or boom attachment, provided the Distributor's account is not past due, and provided that full payment is made within 15 days from date of shipment from the factory. No cash discount will be allowed on payment for parts. All payments shall be made in United States funds free of exchange and collection charges. Overdue accounts are subject to a charge of 1-1/2% per month or the maximum legal contractual rate between corporations, whichever is the lesser. If, in the sole discretion of the Company, terms of payment other than those stipulated above appear advisable, the Distributor shall agree to an equitable revision of such terms. "Volume Discounts", "Cancellation Charges", "Floor Plan" and "Rental Terms" are set forth in Annex "B."
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