PREPAID TERMS Clause Samples
The PREPAID TERMS clause establishes that certain payments must be made in advance before goods or services are provided. In practice, this means the buyer is required to pay the full or partial amount upfront, and the seller is not obligated to deliver until payment is received. This clause ensures the seller receives payment security and reduces the risk of non-payment, while also clarifying the timing and conditions under which transactions occur.
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PREPAID TERMS. SERVICE shall only be provided on Prepaid Terms. FreshAddress, LLC must receive payment prior to providing SERVICE. All prepaid amounts are non-refundable. CLIENT will use best efforts to accurately calculate the number of Matches needed to process its name and postal files and purchase the number of Matches that most accurately fits CLIENT’S needs. CLIENT understands that any utilization of SERVICE is subject to the stated Monthly Minimum. On the first calendar day of each month, usage for the previous month will be reviewed, and if necessary, Matches will be subtracted from CLIENT’S Match balance to meet the stated Monthly Minimum. To utilize the SERVICE, CLIENT must have a positive Match balance greater than or equal to ten percent of the submitted input file. DELINQUENT ACCOUNTS, AS WELL AS ACCOUNTS WITHOUT USAGE IN ANY SIX-MONTH PERIOD, SHALL BE CLOSED AT FRESHADDRESS, LLC'S SOLE AND ABSOLUTE DISCRETION AT WHICH TIME ANY MATCHES PREVIOUSLY PURCHASED SHALL BE FORFEITED. SERVICE LEVEL AGREEMENT (SLA). The SERVICE is guaranteed to have a capacity to process at least 500,000 input records in 24 hours and be available at least 99% of the time, as averaged over a calendar month. If this guarantee is not met, CLIENT may request a pro rata credit by contacting FreshAddress, LLC by written notice sent to "Attention: List Processing" within two business days of discovery. Written notice must contain documentation, such as a ping or 3rd party monitor, which clearly demonstrates the failure of the service to deliver the guaranteed capacity and/or availability. FreshAddress, LLC may take any reasonable measures to investigate reported outages and may request additional information from CLIENT prior to honoring the credit request. If CLIENT provides said notice for two consecutive calendar months, CLIENT may terminate the Agreement within the next thirty days and will be refunded a pro rata amount for any prepaid services not yet rendered
PREPAID TERMS. If the Commitment on the Insertion Order specifies a minimum initial Lookup purchase or if SERVICE will be provided via Web Application, then the SERVICE shall only be provided on Prepaid Terms. FreshAddress, LLC must receive payment prior to providing SERVICE. All prepaid amounts are non- refundable. CLIENT will use best efforts to accurately calculate the number of Lookups needed to process its email addresses and purchase the amount of Lookups that most accurately fits CLIENT’S needs. CLIENT understands that any utilization of SERVICE is subject to the stated Monthly Usage Minimum. On the first calendar day of each month, usage for the previous month will be reviewed and if necessary, Lookups will be subtracted from CLIENT’S Lookup balance to meet the stated Monthly Usage Minimum. CLIENT must have a positive Lookup balance to utilize the SERVICE.
PREPAID TERMS. Standard shall select and pay the carrier and process all in transit damage claims. Transportation will be built into the price of the Goods. There will be no separate line item charge for transportation. Standard shall bear the risk of loss or damage in transit to the Goods until the Goods are delivered to the Destination Point (F.O.B. Destination). Standard will handle all tracing, tracking and other carrier-related issues. Except as may be otherwise provided in the Schedules, title to the Goods will transfer to Client when the Goods are delivered to the Destination Point. {00295509.DOC;}