Payment Term s Clause Samples

Payment Term s. VAR ’s paym ent terms will be net thirty days from the invoice date, subject to continuing credit approval. For invoices not paid within thirty days of the invoice date, a late penalty charge of one percent (1 %) per month (pro-rated daily) or the m axim um rate allowed by applicable usury laws, whichever is greater, will be applied against overdue am ounts. If amounts are overdue, Dell m ay, without waiving any other rights and rem edies to which Dell may be entitled, decide not to accept additional orders from VAR, terminate this Agreem ent, refuse to ship ordered Products, cease to provide warranty or customer support and/or seek collection from VAR of all am ounts due, including reasonable legal fees and costs of collection.