Common use of Procedure and Payment Clause in Contracts

Procedure and Payment. Purchases by customers shall be initiated by delivery to DYNASIG of an order duly executed by customer. Such orders may be submitted directly by a Sales Agent. The orders shall not be binding until accepted in writing by DYNASIG. Customers shall pay for all products in United States Dollars (USD), pursuant to arrangements approved in advance by DYNASIG. Title and risk of loss to all Products shall pass to customers upon receipt by the common carrier at DYNASIG's plant.