Common use of Changes in the Payment Terms for Delay in the Delivery of Products Clause in Contracts

Changes in the Payment Terms for Delay in the Delivery of Products. The Parties hereby agree that the Payment Terms for RSS Equipment and for Radio Base Station Equipment set forth in this Amendment Agreement No. 2, will be modified automatically per each Trigger Event (as defined below), as follows: Upon the occurrence of a Trigger Event and with respect to Orders (for RSS and RBS) placed by Axtel after such event, the payment terms for such Products will be modified automatically, as follows: (i) The first payment for such equipment (due upon acceptance of the Order) will be reduced [ * ]. (ii) The last payment for such equipment (due upon shipment of the Order) will be increased in [ * ].

Appears in 2 contracts

Samples: Amendment Agreement No. 2 (Airspan Networks Inc), Amendment Agreement No. 2 (Airspan Networks Inc)

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Changes in the Payment Terms for Delay in the Delivery of Products. The Parties hereby agree that the Payment Terms for RSS Equipment and for Radio Base Station Equipment set forth in this Amendment Agreement No. 2, will be modified automatically per each Trigger Event (as defined below), as follows: Upon the occurrence of a Trigger Event and with respect to Orders (for RSS and RBS) placed by Axtel after such event, the payment terms for such Products will be modified automatically, as follows: (i) The first payment for such equipment (due upon acceptance of the Order) will be reduced [ * [*]. (ii) The last payment for such equipment (due upon shipment of the Order) will be increased in [ * [*].

Appears in 2 contracts

Samples: Amendment Agreement No. 2 (Airspan Networks Inc), Amendment Agreement No. 2 (Airspan Networks Inc)

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