Payment and Credit. Payment terms shall be as established by the Company from time to time as mentioned in the Contract. If the Buyer fails to pay for any one or more installments of the Price when due, or if the Buyer's financial worthiness, becomes unsatisfactory to the Company, then the Company shall have the right, in addition to other remedies available to it under the Terms and Conditions or the Contract, to (a) suspend or cancel further deliveries, (b) require immediate cash payment for further deliveries, or (c) require satisfactory security before proceeding with further deliveries. Any amounts past due over thirty days will accrue interest from their due date at the higher of (a) 6% per annum or (b) the maximum rate permitted under applicable law. The Company will invoice the Buyer for and in respect of each sale and individual consignment of the Products delivered under each Order via regular mail, electronic mail or by any other electronic means. Any invoice not objected to by the Buyer in writing within one month of shipment will be deemed to be an undisputed invoice. The Price of each delivery shall be payable by the Buyer as directed in writing by the Company or as specifically mentioned in the Order. The Price of the Products shall be due and payable within 30 days after the date of invoice. The Buyer has no right to set-off against any amount due to the Buyer from the Company or any affiliated company of the Company. The payment is not deemed to be received unless it has been received in cleared funds. No partial payment by the Buyer shall constitute an accord and satisfaction or otherwise satisfy the entire outstanding balance of any invoice of the Company, notwithstanding any notation or statement accompanying that payment. Notwithstanding anything set out above, the Company reserves the right, with due intimation to the Buyer, to vary the agreed payment terms and/or to cancel or change any credit arrangements or terms granted to the Buyer. Buyer shall reimburse the Company for the cost of collection, including, without limitation, reasonable attorney’s fees, of any overdue amount owed by Buyer to the Company. Buyer may not hold back or set-off any amounts owed to the Company in satisfaction of any claims asserted by Buyer against the Company.
Payment and Credit. The price for Product is the price in effect on the date of shipment, unless otherwise agreed by the parties. Payment for the full amount of each invoice shall be made to Seller, addressed as indicated on the invoice and in the currency stated on the invoice. The terms of payment are net thirty (30) days from date of invoice, unless otherwise agreed in writing by both parties. All claims by Buyer shall be made by written notice to Seller in accordance with the provisions of Section 13 of these Terms, and no offset or deduction from any invoice is permitted. Acceptance by Seller of bank draft, cheque, or other media of payment is subject to immediate collection of the full face amount thereof. If at any time the financial responsibility of Buyer or the credit risk involved shall become unsatisfactory to Seller, Seller reserves the right to a) require cash or satisfactory security prior to subsequent shipments or deliveries; and/or b) change the payment terms; and/or c) stop shipments; and/or d) reduce Buyer’s available credit limit and/or e) terminate this agreement. The election by Seller to exercise any of its options shall not affect the obligation of Buyer to take and pay for the contracted Product. Buyer agrees to pay all costs and expenses, including reasonable attorneys' fees, incurred by Seller in the collection of any sum payable by Buyer to Seller. Seller shall be entitled to interest on any overdue sum at the maximum rate allowed by applicable law.
Payment and Credit. Payment terms shall be as established by the Company from time to time as stated in the Contract. If for any reason the Price cannot be determined, the Buyer fails to pay any one or more installments of the Price when due, the Buyer breaches any term of the Contract, and/or the Buyer's financial worthiness becomes unsatisfactory to the Company, the Company shall have the right, in addition to all other remedies available to it under the Contract or at law or in equity, to (a) suspend or cancel further deliveries,
Payment and Credit. 7.1 Subject to condition 7.2, the Customer must pay the Purchase Price for the Goods in advance or cash on delivery.
Payment and Credit. Payment terms are net 30 days (Domestic Sales) and net 60 (International Sales) from date of invoice or in accordance with the agreed to terms set forth in this order or any Seller approved credit terms. Seller reserves the right to modify or withdraw credit terms and delay product delivery at any time without notice and to require any necessary guarantees, security or payment in advance in the amount of the credit involved. Prior to the extension of credit, Buyer will submit to Seller an application in a form acceptable to Seller. Buyer will execute any other instruments or documentation as Seller from time to time reasonably requires prior to extension of credit to Xxxxx and Xxxxx agrees to execute any necessary security agreements covering the products sold and to perform all acts necessary to perfect and assure a security position of Seller. Any past due accounts are subject to a service charge, unless otherwise expressly agreed to in writing by an authorized representative of Seller. In the absence of any specific designation of payment or in the event of failure of Buyer to make timely payment under this or any other contract with Seller, Seller may at its election, apply any payment by Buyer to Buyer’s various accounts as Seller deems appropriate. Xxxxx agrees that all funds owed to Buyer or received by Buyer to the extent those funds result from the labor or materials supplied by Seller, will be held in trust for the benefit of Seller (“Trust Funds”). Xxxxx agrees it has no interest in Trust Funds held by anyone and to promptly account for and pay Seller all Trust Funds
Payment and Credit. Payment terms shall be as established by the Company from time to time as mentioned in the Contract. If the Buyer fails to pay for any one or more installments of the Price when due, or if the Buyer's financial worthiness, becomes unsatisfactory to the Company, then the Company shall have the right, in addition to other remedies available to it under the Terms and Conditions or the Contract, to (a) suspend or cancel further deliveries, (b) require immediate cash payment for further deliveries, or (c) require satisfactory security before proceeding with further deliveries. Any amounts past due over thirty days will accrue interest from their due date at the higher of (a) 6% per annum or (b) the maximum rate permitted under applicable law. The Company will invoice the Buyer for and in respect of each sale and individual consignment of the Products delivered under each Order via regular mail, electronic mail or by any other electronic
Payment and Credit. (a) Unless ExxonMobil notifies BFA Holder otherwise, BFA Holder will pay ExxonMobil in United States dollars for any fee by electronic funds transfer at the time ExxonMobil designates and BFA Holder will execute the agreement attached as Exhibit 6. Each monthly brand fee payment described in Section 7 above shall be paid to ExxonMobil in advance. The first such payment shall be made on the Effective Date and shall be prorated to reflect the number of days remaining in the month during which the Effective Date occurs. Payments of brand fees relating to each subsequent month during the Term shall be made on the 15th day of each month immediately preceding the month to which such brand fee applies (for example, brand fees for March 2010 operations shall be paid by BFA Holder to ExxonMobil no later than February 15, 2010). In the event any payment date is not a Business Day, then the payment shall be made on the prior Business Day. In addition, on the Effective Date, BFA Holder shall pay to ExxonMobil for each BFA Holder Branded Outlet that is participating (or has participated) in the BIP (as defined in Section 19(d)(1)) an amount equal to the lesser of (i) the total amount of financial assistance that ExxonMobil has paid under the BIP (whether through a direct payment, set-off, credit or other indirect payment) with respect to such retail outlet times (the number of days remaining in the branding obligation with respect to such retail outlet divided by the total number of days of the branding obligation with respect to such retail outlet) and (ii) the compensatory dollar amount collectable as of the Effective Date with respect to such retail outlet in the event of a default under the BIP. Notwithstanding the foregoing, BFA Holder agrees that ExxonMobil has the ongoing right to periodically give BFA Holder notice of a different method, time, or place of payment.
Payment and Credit. A. Each shipment shall be a separate transaction and payment shall be made according to Your set Payment Terms.
Payment and Credit. Unless otherwise provided in the Order, payment shall be due thirty (30) days from date of invoice. In terms of advanced payment invoices, if applicable, payment shall be due eight (8) days from date of invoice. Furthermore, Munters will not perform any work under any Order until such advanced payment invoice has been duly paid by Purchaser. If partial shipments are made, payments for such partial shipments shall become due as shipments are made and invoices rendered. In addition, Munters may require progress payments unless otherwise agreed to by the parties in writing. Munters may, at any time and in its sole discretion, modify the terms of payment originally specified to include payment in advance. Munters’ acceptance of an Order is subject to Munters’ credit review of Purchaser. Any delay resulting from a credit review may result in a delay in shipping, which delay shall not subject Munters to any liability. If Purchaser prepays the full Order price or makes a deposit equivalent to the full price of that Order in some other form acceptable and approved by Munters at the time it places the Order, Munters may determine not to conduct a credit review of Purchaser. Munters reserves the right, in its sole discretion, to require Purchaser to provide letters of credit or similar guarantees of payment acceptable to Munters. Munters reserves the right to add a late charge of 1½% of the principal amount due at the end of each month, or the maximum allowable legal interest rate, if a lesser amount, to any account outstanding beyond the due date. If Munters must resort to legal action to collect amounts due, all reasonable costs and expenses, including attorneys’ fees and interest, shall be added to the Purchase Price.
Payment and Credit. 7.1: This licence shall be rendered void if the Licensee fails to pay the Licensor for this licence within the agreed credit period, or if any payment previously made is reversed, later found to be fraudulent or subject to a chargeback.
