General Credit Terms Clause Samples
The 'General Credit Terms' clause sets out the basic conditions under which credit is extended from one party to another, typically in a commercial transaction. It usually details the payment period, interest rates for late payments, and any requirements for credit approval or limits. For example, it may specify that invoices must be paid within 30 days of receipt and outline consequences for overdue payments. This clause ensures both parties have a clear understanding of payment expectations, reducing the risk of disputes and helping to manage financial risk.
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General Credit Terms. All references to “size” however stated, whether as a percentage or otherwise, shall mean height, width, boldness and thickness of the lettering used in the credit and, if applicable, the duration of the credit on screen. No casual or inadvertent failure of MVL or any failure of any other third party to comply with the credit provisions of this Agreement shall constitute a breach of this Agreement by MVL. In the event of MVL’s failure to comply with any of its credit obligations hereunder, MVL shall, upon receipt of written notice of such failure, use good faith reasonable efforts to correct such failure in Paid Ads and domestic prints for the applicable Motion Picture on a prospective basis only, i.e., those Paid Ads (if any) or domestic prints (if any), prepared after MVL’s receipt of such notice (allowing for adequate time after receipt of notice to implement such correction). All other credit matters shall be determined by MVL in its sole discretion.
General Credit Terms. If the Specialist Retailer does not have a Commercial Credit Supply Account with Integrated Publication Solutions, one must be established and maintained by the Specialist Retailer. Application for a Commercial Credit Supply Account is to be made on the standard Application for Commercial Credit Supply form available from Integrated Publication Solutions offices. The granting or withdrawal of credit to the Specialist Retailer will be at the absolute discretion of Integrated Publication Solutions. If the Specialist Retailer fails to make payments in accordance with the above, Integrated Publication Solutions may:
a) cancel the Commercial Credit Supply Account and any other credit facilities provided;
b) claim from the Specialist Retailer all costs relating to any action taken to recover moneys including any mercantile agency’s costs, legal costs and disbursements on a solicitor/client basis;
General Credit Terms. 13 Section 3.01. Fees..................................................................................13 Section 3.02. Payments..............................................................................13 Section 3.03.
General Credit Terms. All references to "size" however stated, whether as a percentage or otherwise, shall mean height, width, boldness and thickness of the lettering used in the credit and, if applicable, the duration of the credit on screen. SPE shall notify its direct subdistributors and licensees of its credit obligations hereunder. No casual or inadvertent failure of SPE nor any failure of any third party to comply with the credit provisions of this Agreement shall constitute a breach of this Agreement by SPE. In the event of SPE's failure to comply with any of its credit obligations hereunder, SPE shall, upon receipt of written notice of such failure, use reasonable efforts to correct such failure on a prospective basis only, i.e. those Paid Ads or prints (or other copies of the applicable Picture or television series); if any, prepared after SPE's receipt of such notice (allowing for adequate time after receipt of notice to implement such correction). All other credit matters shall be determined by SPE in its sole discretion.
General Credit Terms. 42 9.01 Repayment........................................................................42
General Credit Terms. 27 Section 4.01. Credit Expiration Date; Extensions . . . . . . . . . . . . . . . . . . . . . . . . . . . 27 Section 4.02. Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27 Section 4.03. Fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28 Section 4.04. Payments, Prepayments and Computations . . . . . . . . . . . . . . . . . . . . . . . . . 29 Section 4.05.
General Credit Terms. 15 4.1 Credit Expiration Dates; Extensions.........................................................................15 4.2 Fees........................................................................................................15 4.3
General Credit Terms