Common use of Extended Terms Clause in Contracts

Extended Terms. Supplier may in its absolute discretion demand immediate settlement of credit accounts, suspend the Customer’s credit facility, reduce the Customer’s payment terms or require cash payment on or before delivery without notice, terminate any outstanding orders or do any combination of the foregoing. The Customer shall not be entitled to any compensation for termination of the credit facility. The Customer must keep Supplier promptly informed of any material adverse change in the Customer's financial or business circumstances.

Extended Terms. Supplier may in its absolute discretion demand immediate settlement of credit accounts, suspend the Customer’s credit facility, reduce the Customer’s payment terms or require cash payment on or before delivery without noticedelivery, terminate any outstanding orders or do any combination of the foregoingforegoing with notice, where it becomes aware of matters that could adversely affect it recovering any or all costs incurred. The Customer shall not be entitled to any compensation for termination of the credit facility. The Customer must keep Supplier promptly informed of any material adverse change in the Customer's financial or business circumstances.