MNS-2 definition

MNS-2 means GM’s Multilateral Netting System.
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Examples of MNS-2 in a sentence

  • Upon the MRA Consummation Date, (i) GM agrees to temporarily accelerate payment terms on all Component Parts supplied to GMNA and GMSPO by DAS from MNS-2 to Net 15th Prox.

  • Payment terms shall be MNS2, meaning payment will be made on the 2nd business day of the 2nd month following the date of receipt of both (i) Products and (ii) a correct invoice by Buyer.

  • The payment date is set forth in the Line Item Detail of this contract, or if not stated, shall be the date established by Buyer’s Multilateral Netting System (MNS-2), which provides, on average, that payment shall be made on the second day of the second month following, in the case of the Buyer’s North American facilities, Seller’s shipment date of goods or date of services, and, for all of Buyer’s other locations, Buyer’s receipt date of the goods or date of services.

  • Payment terms, unless otherwise agreed by Buyer are MNS2 – i.e., paid on the 2nd business day of the 2nd month following the date of receipt of Products and a correct invoice.

  • CrossWorlds shall invoice Customer for such fees with the sum due payable in accordance with Customer's Multilateral Netting System ("MNS-2") by the second month, second day.

  • Payment terms, unless otherwise agreed by Buyer are MNS2 – i.e., paid on the 2nd business day of the 2nd month following the date of delivery of Products and a correct invoice.

  • In no event will the Temporary Acceleration of Payment Terms continue after April 1, 2013, on which date all impacted contracts or supply agreements will revert to MNS-2 payment terms (to the extent they have not reverted prior to that date).

  • Payment terms shall be MNS2, meaning payment will be made on the 2nd business day of the 2nd month following the date of receipt of Products and a correct invoice by Buyer.

  • All invoices are due and payable in accordance with Customer's Multilateral Netting System ("MNS-2") on the second month, second day from the date of invoice.

  • Payment terms, unless otherwise agreed by Buyer are MNS2 – i.e., paid on the 2nd business day of the 2nd month following the date of deilvery of Products and a correct invoice.

Related to MNS-2

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  • GLO means the Texas General Land Office, its officers, employees, and designees.

  • AI means an “accredited investor” as described in Rule 501(a)(4) under the Securities Act.

  • GoWB means Government of West Bengal