Common use of Tooling Payment Terms Clause in Contracts

Tooling Payment Terms. Notwithstanding anything to the contrary contained in the Agreement, including without limitation Section 2 of the XXXXX Purchase Terms, Buyer intends, and shall be entitled, to take an early payment discount on Tooling. Buyer shall initiate payment on or before […***…] from the Payment Start Date (the “[…***…] Net Due Date”). An early payment discount of […***…] will be applied if Buyer initiates payment within […***…] period before the […***…] Net Due Date that payment is initiated by Buyer. In the event Buyer does not take the early payment discount within the […***…] period. Buyer will take such action to expedite payment to Seller.

Appears in 4 contracts

Samples: Supply Agreement (Tpi Composites, Inc), Supply Agreement, Supply Agreement (Tpi Composites, Inc)

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