Common use of Payment Clause in Contracts

Payment. 1) Unless otherwise agreed, all invoices are payable net 30 days after date of invoice at our registered address. 2) Any amount remaining unpaid on the due date shall, automatically and without notice of default, attract interest at 10%. If any amount remains wholly or partially unpaid on its due date, and there is no valid reason, the outstanding balance shall be increased by 12%. The amount of this increase shall be not less than 150 € and shall not exceed 1.800 € even though an extension of credit may have been agreed and without prejudice to the application of the above-mentioned interest. 3) The title in the goods shall pass to the buyer only when payment in full has been received by the Seller for all goods whatsoever supplied (and all services rendered) at any time by the Seller to the Buyer. The Buyer shall permit the servants or agents of the Seller to enter on the Buyer’s premises and repossess the goods at any time prior thereto. 4) As long as payment has not been effected the Buyer cannot sell, pledge or offer goods as guarantee or collateral security. 5) Should the goods (or any of them) be converted into a new product, whether or not such conversion involves the admixture of any other goods or thing whatsoever and in whatever proportions, the conversion shall be deemed to have been effected on behalf of the Seller and the Seller shall have the full legal and beneficial ownership of the new products, but without accepting any liability whatsoever in respect of such converted goods in relation to any third party, and the Buyer hereby indemnifies the Seller in relation thereto. 6) In the case of non-payment at the due date and upon demand the Buyer must return forthwith to the Seller all merchandise unpaid for. 7) In case of non-payment at the due date, the buyer is obliged at our first request to return the goods that have not been resold. In such case any advances are acquired by us to cover possible losses at resale. TWE_ConditionOfSaleAndContract_TWEMeulebekeNV_Ag_Ml_En_Rev0102 8) If we have issued terms of payment or if the buyer has accepted bills of exchange, the full amount of any contract whatever is demandable automatically and without legal summons if any instalment payment is not respected or if any bill is not paid on its due date. 9) Bills of exchange or accepted securities involve no renunciation of these conditions nor novation.

Payment. 1) Unless 5.1. Each invoice is payable in cash without discount unless otherwise agreed, all invoices are payable net 30 days after date of invoice at our registered addresspreviously agreed upon in a written statement. 25.2. Without prejudice to article 4.3., the Seller shall be entitled to charge interest on a day to day basis on any amount overdue for payment at the rate of 10%. The Buyer is this interest due in addition with a fixed compensation for damages of 15 % on the amount due of the invoice, without prejudice of the right to prove the actual damage incurred. 5.3. If the Buyer fails to fulfil any condition of its payment obligations, Seller may suspend performance and delivery. Any cost incurred by Seller in accordance with such suspension (including storage costs) Any amount remaining unpaid shall be payable by Buyer. In the absence of payment on the due date shalldate, automatically Seller may, at its option, suspend the transaction in respect to the portion of the products not delivered and without notice work not yet performed. Buyer shall pay Seller its reasonable and proper suspension charges in the event of default, attract interest at 10%such suspension. If ▇▇▇▇▇ becomes bankrupt or insolvent, or if any amount remains wholly proceeding is brought against Buyer, voluntarily or partially unpaid involuntarily, under the bankruptcy laws or any insolvency laws, Seller shall be entitled to terminate this agreement. Buyer shall pay Seller its reasonable and proper termination charges in the event of such termination. 5.4. Any query or dispute by the Buyer relating to an invoice must be initiated in writing through registered letter within 5 working days from the delivery date. In the absence of the receipt within this term, the Buyer expressly waives his rights and the invoice shall be considered accepted. 5.5. No query or dispute can liberate the Buyer from his obligation to fully pay the invoice on its the due date, and there is no valid reason, the outstanding balance shall be increased by 12%. 5.6. The amount of this increase shall be not less than 150 € and shall not exceed 1.800 € even though an extension of credit may have been agreed and without prejudice Seller reserves the right to deduct from any monies due or becoming due to the application of Seller from the above-mentioned interest. 3) The title in the goods shall pass to the buyer only when payment in full has been received Buyer monies owed by the Seller for all goods whatsoever to the Buyer in respect of Products supplied (or services rendered by the Buyer to the Seller and all services rendered) at any time other sums owed by the Seller to the Buyer. The Buyer shall permit For the servants or agents purposes of this condition, the Seller to enter on the Buyer’s premises and repossess the goods at any time prior thereto. 4) As long as payment has not been effected the Buyer cannot sell, pledge or offer goods as guarantee or collateral security. 5) Should the goods (or any of them) be converted into a new product, whether or not such conversion involves the admixture of any other goods or thing whatsoever and in whatever proportions, the conversion shall be deemed to have been effected on behalf include any affiliate of the Seller and the Seller shall have the full legal and beneficial ownership of the new products, but without accepting any liability whatsoever in respect of such converted goods in relation to any third party, and the Buyer hereby indemnifies the Seller in relation theretoSeller. 6) In the case of non-payment at the due date and upon demand the Buyer must return forthwith to the Seller all merchandise unpaid for. 7) In case of non-payment at the due date, the buyer is obliged at our first request to return the goods that have not been resold. In such case any advances are acquired by us to cover possible losses at resale. TWE_ConditionOfSaleAndContract_TWEMeulebekeNV_Ag_Ml_En_Rev0102 8) If we have issued terms of payment or if the buyer has accepted bills of exchange, the full amount of any contract whatever is demandable automatically and without legal summons if any instalment payment is not respected or if any bill is not paid on its due date. 9) Bills of exchange or accepted securities involve no renunciation of these conditions nor novation.

Payment. (1) Unless otherwise agreed, all the vendor's invoices are payable net without deduction within 30 days after date issue. If the purchaser pays within 10 days after the invoice has been issued, it will be entitled to deduct 2 % discount from the invoice amount. Any retrospective deduction of discount is not permitted. Payment for repair and service work is due immediately and without deduction after the invoice at our registered addresshas been issued. Contrary to any deviating provisions of the purchaser, the vendor is entitled to initially offset payment against older debts and will inform the purchaser of the nature of the offsetting. If costs or interest have been incurred, the vendor will be entitled to initially offset the costs, then the interest and finally the principal claim from the payment. (2) Any amount remaining unpaid on the due date shall, automatically and without notice of default, attract interest at 10%. If any amount remains wholly or partially unpaid on its due date, and there is no valid reason, the outstanding balance shall be increased by 12%. The amount of this increase shall be A payment will not less than 150 € and shall not exceed 1.800 € even though an extension of credit may have been agreed and without prejudice to the application of the above-mentioned interest. 3) The title in the goods shall pass to the buyer only when payment in full has been received by the Seller for all goods whatsoever supplied (and all services rendered) at any time by the Seller to the Buyer. The Buyer shall permit the servants or agents of the Seller to enter on the Buyer’s premises and repossess the goods at any time prior thereto. 4) As long as payment has not been effected the Buyer cannot sell, pledge or offer goods as guarantee or collateral security. 5) Should the goods (or any of them) be converted into a new product, whether or not such conversion involves the admixture of any other goods or thing whatsoever and in whatever proportions, the conversion shall be deemed to have been effected on behalf of made until the Seller and vendor can access the Seller shall have the full legal and beneficial ownership of the new products, but without accepting any liability whatsoever in respect of such converted goods in relation to any third party, and the Buyer hereby indemnifies the Seller in relation thereto. 6) amount. In the case of non-payment at the due date and upon demand the Buyer must return forthwith to the Seller all merchandise unpaid for. 7) In case of non-payment at the due date, the buyer is obliged at our first request to return the goods that have not been resold. In such case any advances are acquired by us to cover possible losses at resale. TWE_ConditionOfSaleAndContract_TWEMeulebekeNV_Ag_Ml_En_Rev0102 8) If we have issued terms of payment cheques or if the buyer has accepted bills of exchange, payment will not be deemed to have been made until the full amount cheque or bill of exchange has been credited irrevocably. (3) Payment by bill of exchange requires explicit prior approval by the vendor. Costs and expenses are at the expense of the purchaser. The purchaser also bears the risk of timely presentation and protest. (4) If the purchaser falls into arrears, the vendor will be entitled to charge interest at the statutory rate – currently nine percent (9 %) over the applicable base lending rate of the Deutsche Bundesbank – as lump- sum compensation from the applicable date. The vendor may produce evidence of any contract whatever is demandable automatically and without legal summons higher damage. (5) If the vendor becomes aware of circumstances that cast doubt on the purchaser's creditworthiness, if any instalment payment is not respected the purchaser stops its payments or if any bill is not paid the vendor becomes aware of other circumstances that cast doubt on its due datethe purchaser's creditworthiness, the vendor will be entitled to declare all the remaining debt immediately payable, including if it has accepted cheques or bills of exchange. In this case, the vendor will also be entitled to request advance payments or sureties. 9(6) Bills The purchaser is entitled to offset claims, retain title and reduce the purchase price of exchange goods, including if notices of defects or accepted securities involve no renunciation of these conditions nor novationcounter-claims are asserted, providing the counter-claims can be established in law or are undisputed.

Payment. 1) Unless otherwise agreed, all invoices are payable net 30 days after date of invoice at our registered address. 2) Any amount remaining unpaid on the due date shall, automatically and without notice of default, attract interest at 10%. If any amount remains wholly or partially unpaid on its due date, and there is no valid reason, the outstanding balance shall be increased by 12%. The amount of this increase shall be not less than 150 € and shall not exceed 1.800 € even though an extension of credit may have been agreed and without prejudice to the application of the above-mentioned interest. 3) The title in the goods shall pass to the buyer only when payment in full has been received by the Seller for all goods whatsoever supplied (and all services rendered) at any time by the Seller to the Buyer. The Buyer shall permit the servants or agents of the Seller to enter on the Buyer’s premises and repossess the goods at any time prior thereto. 4) As long as payment has not been effected the Buyer cannot sell, pledge or offer goods as guarantee or collateral security. 5) Should the goods (or any of them) be converted into a new product, whether or not such conversion involves the admixture of any other goods or thing whatsoever and in whatever proportions, the conversion shall be deemed to have been effected on behalf of the Seller and the Seller shall have the full legal and beneficial ownership of the new products, but without accepting any liability whatsoever in respect of such converted goods in relation to any third party, and the Buyer hereby indemnifies the Seller in relation thereto. 6) In the case of non-payment at the due date and upon demand the Buyer must return forthwith to the Seller all merchandise unpaid for. 7) In case of non-payment at the due date, the buyer is obliged at our first request to return the goods that have not been resold. In such case any advances are acquired by us to cover possible losses at resale. TWE_ConditionOfSaleAndContract_TWEMeulebekeNV_Ag_Ml_En_Rev0102. 8) If we have issued terms of payment or if the buyer has accepted bills of exchange, the full amount of any contract whatever is demandable automatically and without legal summons if any instalment payment is not respected or if any bill is not paid on its due date. 9) Bills of exchange or accepted securities involve no renunciation of these conditions nor novation.