Common use of Commercial Terms Clause in Contracts

Commercial Terms. 2.1. Prices and other commercial terms shall be specified in Purchase Order and Quotation. 2.2. Unless the contract states price(s) to be fixed, Magnetic MRO may increase prices for undelivered balances in accordance with increases in Mag- netic MRO’s costs and/or general price list increases occurring after the date of acceptance of Purchase Order but before despatch and/or perfor- xxxxx. Customer shall pay any increases in delivery costs after the date of acceptance of order. 2.3. Prices are exclusive of duties, fees or taxes and Customer shall pay these in addition to the purchase price. Any delivery charge will be at cost or as otherwise agreed in writing. 2.4. All Spare Parts transportation expenses and related taxes and duties shall be borne by Customer. 2.5. Any payment shall be prepaid in full, unless otherwise agreed by the Parties in written form. In certain cases it can be agreed in writing that pay- ment shall be performed in particular amount of days after the shipment. Invoices will be issued by Magnetic MRO, including the price of services and the Spare Parts. In the event of repair, Pro Forma invoice shall be issued for the repaired Spare Part for the repair that is known. Possible non–routine findings that appear during repair process will be invoiced additionally after the repair is completed and must be settled in 10 calen- dar days. 2.6. All payments will be made in currency stipulated in the invoice by bank transfer to the account specified in the invoice. Any fees charged by a bank in connection with the transfer of funds by Customer will be borne by Customer. 2.7. Should any delay of the payments occur, the Customer shall pay to Magnetic MRO a penalty at the rate of 0.1% of the value of the late-payment for each day of delay. 2.8. In the event that any sum is not paid by the Customer when due then Magnetic MRO shall be entitled to suspend further performance of its obli- gations until all outstanding amounts have been received by Magnetic MRO and the time for performance of such obligations might, at Magnetic MRO’s option, be re-scheduled. 2.9. In case payments are due under one or more invoices, Magnetic MRO shall be entitled at its own discretion to set off any amounts paid by Cus- tomer against any outstanding invoices due under any agreement between the Parties without regards to the actual purpose of the payment (ref- erence) indicated by Customer at the time when the payment (transaction) was made. 2.10. In the event the Customer fails to make payments due according to the terms of payment specified in this Agreement and the invoice, Magnetic MRO reserves its retention rights of any Spare Parts held in its possession belonging to the Customer or held on behalf of the Customer until the outstanding debt has been paid.

Commercial Terms. 2.1. Prices and other commercial terms shall be specified in Purchase Order and Quotation. 2.2. Unless the contract states price(s) to be fixed, Magnetic MRO may increase prices for undelivered balances in accordance with increases in Mag- netic Magnetic MRO’s costs and/or general price list increases occurring after the date of acceptance of Purchase Order but before despatch dispatch and/or perfor- xxxxxperformance. Customer shall pay any increases in delivery costs after the date of acceptance of order. 2.3. Prices are exclusive of duties, fees or taxes and Customer shall pay these in addition to the purchase price. Any delivery charge will be at cost or as otherwise agreed in writing. 2.4. All Spare Parts transportation expenses and related taxes and duties shall be borne by Customer. 2.5. Any payment shall be prepaid in full, unless otherwise agreed by the Parties in written form. In certain cases it can be agreed in writing that pay- ment payment shall be performed in particular amount of days after the shipment. Invoices will be issued by Magnetic MRO, including the price of services and the Spare Parts. In the event of repair, Pro Forma invoice shall be issued for the repaired Spare Part for the repair that is known. Possible non–routine findings that appear during repair process will be invoiced additionally after the repair is completed and must be settled in 10 calen- dar calendar days. 2.6. All payments will be made in currency stipulated in the invoice by bank transfer to the account specified in the invoice. Any fees charged by a bank in connection with the transfer of funds by Customer will be borne by Customer. 2.7. Should any delay of the payments occur, the Customer shall pay to Magnetic MRO a penalty at the rate of 0.1% of the value of the late-late- payment for each day of delay. 2.8. In the event that any sum is not paid by the Customer when due then Magnetic MRO shall be entitled to suspend further performance of its obli- gations obligations until all outstanding amounts have been received by Magnetic MRO and the time for performance of such obligations might, at Magnetic Mag- netic MRO’s option, be re-scheduled. 2.9. In case payments are due under one or more invoices, Magnetic MRO shall be entitled at its own discretion to set off any amounts paid by Cus- tomer against any outstanding invoices due under any agreement between the Parties without regards to the actual purpose of the payment (ref- erencereference) indicated by Customer at the time when the payment (transaction) was made. 2.10. In the event the Customer fails to make payments due according to the terms of payment specified in this Agreement and the invoice, Magnetic MRO reserves its retention rights of any Spare Parts held in its possession belonging to the Customer or held on behalf of the Customer until the outstanding debt has been paid.

Commercial Terms. 2.1. Prices and other commercial terms shall be specified in Purchase Order and Quotation. 2.2. Unless the contract states price(s) to be fixed, Magnetic MRO may increase prices for undelivered balances in accordance with increases in Mag- netic Magnetic MRO’s costs and/or general price list increases occurring after the date of acceptance of Purchase Order but before despatch and/or perfor- xxxxxperformance. Customer shall pay any increases in- creases in delivery costs after the date of acceptance of order. 2.3. Prices are exclusive of duties, fees or taxes and Customer shall pay these in addition to the purchase price. Any delivery charge will be at cost or as otherwise agreed in writing. 2.4. All Spare Parts transportation expenses and related taxes and duties shall be borne by Customer. 2.5. Any payment shall be prepaid in full, unless otherwise agreed by the Parties in written form. In certain cases it can be agreed in writing that pay- ment payment shall be performed in particular amount of days after the shipment. Invoices will be issued by Magnetic MRO, including the price of services and the Spare Parts. In the event of repair, Pro Forma invoice shall be issued for the repaired Spare Part for the repair that is known. Possible non–routine findings that appear during repair process will be invoiced additionally after the repair is completed and must be settled in 10 calen- dar calendar days. 2.6. All payments will be made in currency stipulated in the invoice by bank transfer to the account specified in the invoice. Any fees charged by a bank in connection with the transfer of funds by Customer will be borne by Customer. 2.7. Should any delay of the payments occur, the Customer shall pay to Magnetic MRO a penalty at the rate of 0.1% of the value of the late-payment for each day of delay. 2.8. In the event that any sum is not paid by the Customer when due then Magnetic MRO shall be entitled to suspend further performance of its obli- gations obligations until all outstanding amounts have been received by Magnetic MRO and the time for performance of such obligations might, at Magnetic MRO’s option, be re-scheduled. 2.9. In case payments are due under one or more invoices, Magnetic MRO shall be entitled at its own discretion to set off any amounts paid by Cus- tomer Customer against any outstanding invoices due under any agreement between the Parties without regards to the actual purpose of the payment (ref- erencereference) indicated by Customer at the time when the payment (transaction) was made. 2.10. In the event the Customer fails to make payments due according to the terms of payment specified in this Agreement and the invoice, Magnetic MRO reserves its retention rights of any Spare Parts held in its possession belonging to the Customer or held on behalf of the Customer until the outstanding debt has been paid.