CUSTOMER CREDIT Sample Clauses
The CUSTOMER CREDIT clause establishes the terms under which a customer is granted credit by a supplier or service provider. Typically, it outlines the maximum credit limit, payment terms, and conditions under which credit may be suspended or revoked, such as late payments or changes in financial status. This clause helps manage financial risk for the supplier by setting clear boundaries and expectations for credit use, ensuring that both parties understand their obligations and reducing the likelihood of disputes over unpaid balances.
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CUSTOMER CREDIT. The Parties acknowledge that Traxys has not and shall not be required in any case to enter into, and without the Seller’s prior consent shall not enter into, any Customer Contract with payment terms of greater than 90 days. Seller acknowledges that Traxys’ extension of credit to a Customer under any Customer Contract shall be subject to the continuing approval of such Customer’s creditworthiness by Traxys, which approval shall be determined by Traxys in its sole and absolute discretion, provided that Traxys shall promptly notify Seller in writing in the event Traxys withdraws its approval of a Customer’s creditworthiness at any time during the term of a Customer Contract.
CUSTOMER CREDIT. 10.1 Client will establish credit limits for each Customer or group of Customers.
10.2 Cardinal Health’s Operating System monitors orders and outstanding accounts receivable against the Customer’s credit limit and holds orders when credit limits are exceeded.
10.3 Client may elect, with written authorization, to place a Customer’s account on credit hold so that orders are reviewed prior to shipment.
10.4 Client will review and approve Customer orders held for credit limits prior to shipment. Client must release orders or provide written and/or email authorization to release.
CUSTOMER CREDIT a. BioRidge will establish credit limits for each customer or groups of customers.
b. BioRidge’s system will monitor orders and outstanding account receivable against the customer's credit limit and hold orders where credit limits are exceeded.
c. BioRidge may elect to place a customer's account on credit hold so that all orders are reviewed prior to shipment.
d. BioRidge will review and approve all customer orders held for credit limits prior to shipment and will notify Hemispherx of those customers whose orders are being held.
CUSTOMER CREDIT. Each Customer’s business is solvent to the best of Client’s information and knowledge, and Client has not received any notice, verbal or written, of a Credit Problem concerning any Customer that has not been disclosed to Riviera in writing;
CUSTOMER CREDIT. 9.1 Client will establish credit limits for each Customer or groups of Customers.
CUSTOMER CREDIT. Each month Distributor will apply the ▇▇▇▇ Credit to Customer’s power ▇▇▇▇(s). TVA will notify Distributor of (a) any adjustment to the ▇▇▇▇ Credits provided for under section A.3.7.1 of this agreement and (b) any discontinuance of ▇▇▇▇ Credits in accordance with sections A.3.7.2, A.3.7.3, or A.3.7.4 of this agreement.
CUSTOMER CREDIT. In lieu of a rerate, Customer will receive a credit in the amount of [ ] for traffic for the months of August, September, October and November 1996, this credit will be applied to either Customer’s invoice dated January 1, 1997 or February 1, 1997.
CUSTOMER CREDIT. 8.1 Client will determine the customers to whom it will sell on a direct basis and will assign each to a customer class, sales territory, and other sort classifications, as applicable, based on definitions mutually acceptable to Client and CORD.
8.2 Client will establish credit limits for each customer or groups of customers.
8.3 CORD’s system will monitor orders and outstanding account receivable against the customer’s credit limit and hold orders where credit limits are exceeded.
8.4 Client may elect to place a customer’s account on credit hold so that all orders are reviewed prior to shipment.
8.5 Client will review and approve all customer orders held for credit limits prior to shipment.
CUSTOMER CREDIT. Except as otherwise provided below: ----------------
(i) If there is an Occurrence related to an Application Processing Performance Standard, then Customer shall be entitled to receive a credit against the Basic Services charges payable to EDS under this Agreement equal to the lesser of (A) six percent (6%), or (B) two percent (2%) of the monthly Basic Services charges for Application Processing (as identified in Schedule C) for the month during which such Occurrence occurred, and increasing by two percent (2%) for each subsequent consecutive month of such Occurrence.
(ii) If there is an Occurrence related to a Back Office Performance Standard, then Customer shall be entitled to receive a credit against the Basic Services charges payable to EDS under this Agreement equal to the lesser of (A) six percent (6%), or (B) two percent (2%) of the monthly Basic Services charges for Back Office Services (as identified in Schedule C) for the month during which such Occurrence occurred, and increasing by two percent (2%) for each subsequent consecutive month of such Occurrence. Once EDS returns to compliance with a Performance Standard, the entitlement to credits related to such Performance Standard shall cease and the next credit owed by EDS hereunder (if any) will once again be equal to two percent (2%) of the monthly charge for Basic Services for either Application Processing or Back Office Services, as applicable, for the month of such Occurrence. Customer's right to receive the credit described above shall constitute Customer's sole remedy with respect to any Occurrence; provided, however, that Customer may exercise any remedy available to Customer as set forth in Section 7.4 with respect to such Occurrence if Customer does not accept the credit given as set forth in this Section 4(a) for such Occurrence.
CUSTOMER CREDIT worthiness: Provision of the Services hereunder is subject to Q9’s continuing approval of the Customer’s credit-worthiness. The Customer shall furnish financial Information as Q9 may, from time to time, reasonably request to determine the Customer’s credit-worthiness. Such Information shall be deemed Confidential Information.