Common use of Credit Terms Clause in Contracts

Credit Terms. Unless Customer pre-pays all of its purchase orders in advance, its purchase orders will be subject to the credit limit and other terms of credit (“Credit Terms”) set forth in Company’s credit application, which Credit Terms Customer acknowledges are subject to change by Company at any time. Company reserves the right to request payment in advance of shipment or any order or to request adequate assurances for Customer’s payment of an order and may withhold or stop shipment, without any liability to Company, until Customer submits payment or adequate assurance of payment.

Credit Terms. Unless Customer pre-pays all of its purchase orders in advance, its purchase orders will be subject to the credit limit and other terms of credit (“Credit Terms”) set forth in Company’s credit application, which Credit Terms Customer acknowledges are subject to change by Company at any time. Company reserves the right to request payment in advance of shipment or any order or to request adequate assurances for Customer’s payment of an order and may withhold or stop shipment, without any liability to Company, until Customer submits payment or adequate assurance of payment. Completing a credit application does not guarantee credit or credit terms.