Common use of Payment term Clause in Contracts

Payment term. Absent any special terms agreed with Cdiscount Advertising or contained in the GCMA, invoices must be paid within a maximum of forty-five (45) days end of month as from the invoice issue date; provided, however, that periodic invoices must be paid within forty- five (45) days of their issue date in accordance with article L.441-10 of the French Commercial Code. As an exception, if the Customer is also a supplier of Cdiscount, Cdiscount Advertising may apply a payment term identical to the payment term agreed for the payment of goods.The Customer owing payment acknowledges that payment of the price agreed in the Contract constitutes an essential condition.

Payment term. Absent any special terms agreed with Cdiscount Advertising or contained in the GCMA, invoices must be paid within a maximum of forty-five sixty (4560) days end of month as from the invoice issue date; provided, however, that periodic invoices must be paid within forty- forty-five (45) days of their issue date in accordance with article L.441-10 of the French Commercial Code. As an exception, if the Customer is also a supplier of Cdiscount, Cdiscount Advertising may apply a payment term identical to the payment term agreed for the payment of goods.The Customer owing payment acknowledges that payment of the price agreed in the Contract constitutes an essential condition.