Common use of DELIVERY PAYMENT TERMS Clause in Contracts

DELIVERY PAYMENT TERMS. Buyer uses Seller's BEST composite score by site to determine delivery payment terms. The delivery payment terms were calculated by adding Seller's average days late, as recorded by Xxxxx's BEST system rounding up to a multiple of 30 days, to the standard 30 day delivery payment term. If Xxxxxx's delivery ratings change over the three most current months sufficient to justify a change in the payment terms, Seller agrees the payment due date for Seller invoices may be extended by Buyer by the average number of days late until there are no average days late.

Appears in 6 contracts

Samples: www.boeingsuppliers.com, www.boeingsuppliers.com, www.boeingsuppliers.com

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