Common use of Invoicing & Payment Terms Clause in Contracts

Invoicing & Payment Terms. For each shipment of goods or services covered by this Order, Seller shall furnish MACOM with a commercial invoice containing, at a minimum, the following information: port of entry; name and address of Seller and MACOM entity purchasing the goods or services; name of shipper (if different from Seller); country of export; a detailed description of the goods and services (in the English language); quantities, sizes, weights and any other similar information that is reasonably pertinent; actual purchase price, including unit prices, extended totals and all other elements of the amount paid or payable by MACOM; the currency in which the sale was made; all charges, costs and expenses associated with the goods and services, including freight, insurance, commission, containerization and packing, unless the cost of packing, containerization and inland freight are already included in the invoice price; all rebates or discounts; and the country of origin (manufacture) of the goods and services. The value of any inputs furnished for the production of the goods and services (e.g., “assists”) and chargeable to MACOM that is not included in the invoice price, must be reported on the invoice for the first shipment of the goods or services unless MACOM directs otherwise in writing. Payment Terms governing this Order shall be net 60 days after receipt of correct invoice or date of delivery, whichever is later, unless other payment terms are shown on the face of this Order in which case the payment terms noted there shall apply. Payment of an invoice shall not constitute acceptance of goods or services and shall be subject to adjustment for errors, shortages, defects in the goods or services, or other failure of Seller to meet the requirements of the Order.

Invoicing & Payment Terms. For each shipment of goods or services covered by this Order, Seller shall furnish MACOM M/A-COM with a commercial invoice containing, at a minimum, the following information: port of entry; name and address of Seller and MACOM M/A-COM entity purchasing the goods or services; name of shipper (if different from Seller); country of export; a detailed description of the goods and services (in the English language); quantities, sizes, weights and any other similar information that is reasonably pertinent; actual purchase price, including unit prices, extended totals and all other elements of the amount paid or payable by MACOMM/A-COM; the currency in which the sale was made; all charges, costs and expenses associated with the goods and services, including freight, insurance, commission, containerization and packing, unless the cost of packing, containerization and inland freight are already included in the invoice price; all rebates or discounts; and the country of origin (manufacture) of the goods and services. The value of any inputs furnished for the production of the goods and services (e.g., “assists”) and chargeable to MACOM M/A-COM that is not included in the invoice price, must be reported on the invoice for the first shipment of the goods or services unless MACOM M/A-COM directs otherwise in writing. Payment Terms governing this Order shall be net 60 days after receipt of correct invoice or date of delivery, whichever is later, unless other payment terms are shown on the face of this Order in which case the payment terms noted there shall apply. Payment of an invoice shall not constitute acceptance of goods or services and shall be subject to adjustment for errors, shortages, defects in the goods or services, or other failure of Seller to meet the requirements of the Order.