Common use of Payment Settlement Clause in Contracts

Payment Settlement. 9.1 Payment terms for all Products purchased hereunder by Distributor shall be net [* * *] days from date of invoice; provided, however, Xilinx reserves the right to require different payment terms based on credit reviews of Distributor from time to time, including, but not limited to, the execution of a security agreement as deemed appropriate by Xilinx. Further, Xilinx reserves the right to charge interest at the rate of one percent (1.0%) per month on the outstanding balance of all undisputed invoices more than [* * *] days past due. 9.2 Distributor shall notify Xilinx in writing if it disputes any invoice or adjustment within ten (10) days of the date thereof and provide Xilinx with a detailed accounting of its basis for disputing such invoice or adjustment. The parties shall use reasonable efforts to resolve the dispute within forty-five (45) days of the date Xilinx was notified of the dispute. 9.3 All financial transactions with respect to RMAs (including stock rotations) under this Agreement shall be settled within [* * *] days. Distributor agrees not to engage in [* * *] of any such transactions with Xilinx. 9.4 With respect solely to operations conducted by Distributor in [* * *], Xilinx offers the Currency Exchange Rate Risk Sharing Program as set forth in Addendum B.