Common use of PAYMENT TERMS Clause in Contracts

PAYMENT TERMS. Payment must be made at the time agreed and indicated in the order confirma- tion. Speedycasma Srl has the right to request payment of a deposit. If the order is cancelled or the goods are not collected or are collected only in part, the deposit will be withheld by Speedybycasma as a penalty as per art.1382 c.c. while the company retains the right to request reimbursement of additional damages. Delay in payment with respect to the agreed terms will automatically result in the application of interest charges at the legal rate plus 2%. In case of delayed payment Speedycasma Srl may also suspend all orders to be fulfilled until all due payments will be settled. The terms of deliveries relative to suspended orders shall start from the date of settlement of the payments. Speedycasma Srl in case of delayed payments has the right to revise the payment terms agreed upon at the time of acceptance of the order proposal.

PAYMENT TERMS. Payment must be made at the time agreed and indicated in the order confirma- tionconfirmation. Speedycasma Srl has the right to request payment of a deposit. If the order is cancelled or the goods are not collected or are collected only in part, the deposit will be withheld by Speedybycasma as a penalty as per art.1382 c.c. while the company retains the right to request reimbursement of additional damages. Delay in payment with respect to the agreed terms will automatically result in the application of interest charges at the legal rate plus 2%. In case of delayed payment Speedycasma Srl may also suspend all orders to be fulfilled until all due payments will be settled. The terms of deliveries relative to suspended orders shall start from the date of settlement of the payments. Speedycasma Srl in case of delayed payments has the right to revise the payment terms agreed upon at the time of acceptance of the order proposal.