Invoice Maturity Clause Samples
The Invoice Maturity clause defines the specific period after which an issued invoice becomes due for payment. Typically, this clause sets a clear timeframe—such as 30, 45, or 60 days from the invoice date—within which the buyer must settle the amount owed. By establishing a fixed payment deadline, the clause helps both parties manage cash flow expectations and reduces the risk of disputes over when payment is required.
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Invoice Maturity. 4.5.1 In case a lump-sum payment of the Price has been agreed in the Contract, the Invoice is due within the term specified in paragraph 3.5 of the Contract. In case the Invoice is returned to the Supplier by the Customer following the paragraph 4.4 of these Terms of Trade, the payment term starts running after delivering the correct Invoice to the Customer. In case the due day of the Invoice is on Saturday or Sunday, any other holiday, 31st December or any other day, which is not a bank business day according to the law No. 284/2009 Coll., on payments as amended, the due day is the next Business day. The Invoice is considered paid in a moment when the amount specified in the Invoice is sent out from the bank account of the Customer.
4.5.2 In case it is agreed in the Contract that the Price will be paid in several instalments, the relevant instalments of the Price are due in terms v listed in paragraph 3.5 of the Contract. In case of returning the Invoice by the Customer back to the Supplier according to the provisions of the paragraph 4.4 of these Terms of Trade, the maturity period of the first instalment of the Price starts after delivering the accurate Invoice by the Supplier to the Customer. In case the due day of the Invoice is on Saturday or Sunday, any other holiday, 31st December or any other day, which is not a bank business day according to the law No. 124/2002 Coll., on payments as amended, the due day is the next Business day. The relevant instalment of the Purchase Price is considered paid in a moment when the relevant amount as specified in paragraph 3.5 of the Contract is sent out from the bank account of the Customer.
Invoice Maturity. All Charges are payable in arrears. Customer will pay invoices within thirty (30) calendar days of the date of the relevant invoice.
Invoice Maturity. The advance payment invoice is due within 14 days upon issuing the invoice, unless the invoice specifies a different maturity date. The Participant’s monetary obligation shall be deemed fulfilled on the day of crediting the outstanding amount to the account of the Producer. If the invoice due date is a day of rest from work, the invoice shall become due and payable on the following business day.