Account Customers. (a) The Company shall, and shall cause each of the Restricted Subsidiaries to, promptly notify in writing all future wholesale account customers and debtors that any amounts with respect to wholesale accounts receivable shall be paid directly into the Concentration Account specifying in such notice the name of the Concentration Bank and the branch and account number of such account.
(b) The Company shall, and shall cause each of the Restricted Subsidiaries to, forward all funds received by the Company or such Restricted Subsidiaries in respect of accounts receivable or any other Accounts (in each case not otherwise deposited in a Collection Bank Account or the Concentration Account) to the Concentration Account by wire transfer of immediately available funds.
Account Customers within 30 days after the end of the month of supply or within any alternative period granted in writing by XXXXXXXX.
Account Customers. For customers who are doing business with Xxxxxx Equipment Rentals on account, the customer may choose to accept the CPP coverage on all rentals or, may waive the CPP by providing written proof of insurance covering rental equipment. CPP coverage for Xxxxxx account customers is available for equipment with a maximum loss of up to $100,000.
Account Customers. 9.2.1.1. All payments are due 14 days after the date of invoice.
9.2.1.2. Buyers making their initial orders, until they are offered a trade account, are required to pay a deposit of 25% plus VAT of the estimated price with the balance becoming due on or prior to delivery.
9.2.1.3. Payments on account will be requested when the balance reaches or exceeds the agreed credit limit. If the credit limit on the Buyer’s account is exceeded, the Company reserves the right to delay the dispatch of any Goods until payment is made. The balance includes Goods that have already been supplied by the Company to the Buyer and Goods that have not yet been supplied by the Company to the Buyer.
9.2.1.4. Accounts may be closed if dormant for 12 months or longer.
Account Customers. 77 7.14 Accounts......................................................................................78 7.15 Transfer of Funds into the Collection Bank Account and Concentration Account..................78 Article VIII. NEGATIVE COVENANTS............................................................................79 8.01 Limitation on Liens...........................................................................79 8.02 Disposition of Assets.........................................................................81 8.03 Consolidations and Mergers....................................................................82
Account Customers. 82 7.14 Accounts ........................................................... 82 7.15 Transfer of Funds into the Collection Bank Account and Concentration Account .............................................. 82 7.16 Periodic Distributions by the Project Companies .................... 83
Account Customers. The Customer must make full payment of the Price upon provision of the Goods and/or Services.
Account Customers. For Prices more than $5,000.00 but less than $10,000.00, the Customer must pay 50% of the Price before commencement of the Services, and the Customer must pay the balance 50% of the Price upon completion of the Services and/or within seven (7) from the date of issue of the invoice for the Goods and /or Services.
Account Customers. 6.1. The terms of this clause 6 apply only to Customers who are Account Customers.
6.2. The Customer may obtain Services from the Supplier on credit up to the amount of the Customer’s credit limit authorised by the Supplier upon acceptance by the Supplier of the Customer’s application for credit. The Supplier reserves the right to refuse to supply Services on credit and may (in its discretion) suspend the provision of credit in the event of breach of any term of these Terms or if the Customer exceeds the credit limit.
6.3. The Customer remains liable to pay all amounts due to the Supplier regardless of whether the Customer has exceeded the Customer’s credit limit.
6.4. If the Customer defaults in any payment obligations under these Terms, the Customer’s credit facilities may be suspended or withdrawn without prior notice and upon any subsequent resumption of such facilities these terms and conditions shall apply to such further facilities.
6.5. The Customer hereby charges in the Supplier’s favour all monies due and payable to the Customer under any head-contract held by the Customer in respect of which the Customer purchased goods from the Supplier and the Customer hereby agrees that the Supplier will be entitled to all rights, powers and remedies conferred upon sub-contractors under any legislation in any State or Territory in Australia as if all monies due and owing to the Customer were monies due and owing under a sub-contract.
6.6. The Customer (and in the case of a company each of the Customer’s officers and sureties) gives consent to the Supplier:
(a) disclosing and obtaining personal information to and/or from another credit provider or credit reporting agency including information relating to the commercial creditworthiness and personal creditworthiness of them;
(b) using any information obtained for the purposes of assessing the Customer’s credit, collecting payments due under these Terms and notifying other credit providers; and
(c) disclosing information where it has a duty to the public to disclose that information, and/or where it is required by law.
6.7. The credit reporting agencies to which the Supplier is likely to disclose the Customer’s repayment history information include:
(a) Veda Advantage;
(b) Xxxx & Xxxxxxxxxx; and
Account Customers. XXXX may at its discretion agree to provide trade credit to a Customer on commercial terms at the discretion of WATT and may cease to provide such credit at any time. In the absence of a written agreement to the contrary, invoices must be paid within thirty days of issue. By special arrangement some long hire Customers may be permitted to pay within thirty days from the end of the billing month.
