Common use of Product Payment Clause in Contracts

Product Payment. Unless otherwise agreed, all Products sold to SonoSight by ATL under this Agreement shall be invoiced at the time of shipment. Payment terms are net thirty (30) days of the invoice date. If SonoSight requests that shipment be made other than F.O.B. ATL's manufacturing facility in Bothell, Washington, the payment must be in an amount sufficient to pay for any additional shipping costs. Overdue payments shall be charged interest at the lesser of twelve percent (12%) per annum, or the maximum permitted by applicable law. 5.

Product Payment. Unless otherwise agreed, all Products sold to SonoSight by ATL under this Agreement shall be invoiced at the time of shipment. Payment terms are net thirty (30) days of the invoice date. If SonoSight requests that shipment be made other than F.O.B. ATL's manufacturing facility in Bothell, Washington, the payment must be in an amount sufficient to pay for any additional shipping costs. Overdue payments shall be charged interest at the lesser of twelve percent (12%) per annum, or the maximum permitted by applicable law. 5.