Common use of Post payment Clause in Contracts

Post payment. Buyer shall, upon delivery, pay one hundred per cent (100%) of the amount specified in Seller’s invoice by no later than the due date specified in Seller’s invoice. In case financial institutions (ING, RBI, EXIAR) decrease Xxxxx’s credit limit for Seller so that it is not enough to fully cover further supplies under the Contract (which shall be confirmed via e-mail by pdf confirmation from the respective financial institution), Seller is entitled to unilaterally switch Buyer to prepayment terms of payment upon notification of Buyer within 3 Business days.

Post payment. Buyer shall, upon delivery, pay one hundred per cent (100%) of the amount specified in Seller’s invoice by no later than the due date specified in Seller’s invoice. In case financial institutions (ING, RBI, EXIAR) decrease XxxxxBuyer’s credit limit for Seller so that it is not enough to fully cover further supplies under the Contract (which shall be confirmed via e-mail by pdf confirmation from the respective financial institution), Seller is entitled to unilaterally switch Buyer to prepayment terms of payment upon notification of Buyer within 3 Business days.