Common use of Credit Sales Clause in Contracts

Credit Sales. Payment is net 30 days of the invoice date. Verantis Corporation, at its option, reserves the right to withdraw credit, or change the terms thereof at any time. A late charge of one-and one half percent (1-1/2%) per month, a rate of eighteen percent (18%) per annum, or the maximum permitted by law whichever is less, will be imposed on all past due invoice(s). A weekly storage fee (1-1/2%) shall be charged for any delayed shipments caused by the Buyer.

Credit Sales. Payment is net 30 days of the invoice date. Verantis CorporationVerantis, at its option, reserves the right to withdraw credit, or change the terms thereof at any time. A late charge of one-and one half percent (1-1/2%) per month, a rate of eighteen percent (18%) per annum, or the maximum permitted by law whichever is less, will be imposed on all past due invoice(s). A weekly storage fee (1-1/2%) shall be charged for any delayed shipments caused by the Buyer.