Common use of PAYMENT IN U Clause in Contracts

PAYMENT IN U. S. Dollars is due and payable in accordance with the terms provided in eAgile’s invoice. If payment is not received by the due date, then you shall pay eAgile an additional sum equal to 1.5% per month until all unpaid amounts are fully paid. If eAgile determines that your financial condition does not justify continuance of Product manufacturing or shipment on the payment terms specified, eAgile may require that you pay for the Products in advance. You shall pay the attorney’s fees and collection costs that eAgile incurs in collecting any unpaid amounts.