New Payment Terms Sample Clauses
The "New Payment Terms" clause establishes updated conditions and timelines for making payments under an agreement. It typically outlines when payments are due, acceptable methods of payment, and any changes from previous arrangements, such as shifting from monthly to quarterly billing or introducing new late fee policies. This clause ensures both parties are aware of and agree to the revised financial obligations, reducing the risk of misunderstandings or disputes over payment expectations.
New Payment Terms. The Parties hereby amend the FWA PLA, by agreeing to the payment terms set forth in this section 2.2:
(i) For any new Orders issued by Axtel after the date of this Amendment Agreement No2 for Delivery of equipment during 2004, Axtel will pay the Price as follows: [*] Within five (5) days after the delivery of the Order; [*] Upon Delivery of the Product(s).
(ii) For all Orders issued by Axtel for Delivery of equipment after the end of 2004, Axtel will pay the Price as follows: [*] Within five (5) days after the delivery of the Order; [*] Upon Delivery of the Product(s).
New Payment Terms. Buyer shall initiate payment on or before […***…] (the “[…***…] Net Due Date”). An early payment discount of […***…] shall be applied if Buyer initiates payment […***…] of the Payment Start Date.
New Payment Terms. ( Please see Attachment B to this Amendment to Contract #6. )
New Payment Terms. Buyer shall initiate payment on or before […***…] (the “[…***…] Net Due Date”). An early payment discount of […***…] shall be applied if Buyer initiates payment […***…] of the Payment Start Date. Buyer shall initiate payment on or before […***…] (the “[…***…] Net Due Date”). An early payment discount of […***…] shall be applied if Buyer initiates payment within […***…] period before the […***…] Net Due Date that payment is initiated by Buyer. Each applicable QPP for Components produced under this Agreement, and any revisions thereto, shall be mutually agreed upon by Buyer and Seller and submitted to GE Sourcing Quality as promptly as practicable in advance of Seller’s contemplated production of such Components Tooling Specification Exceptions Based on: [...***...] Rotor Blade Tooling Specification Appendix 17 […***…] Component ▇▇▇▇ of Materials TPI China – […***…] Blade BOM (Page 1 of 3) TPI China – […***…] Blade BOM (Page 2 of 3) TPI China – […***…] Blade BOM (Page 3 of 3) Appendix 17 […***…] Component ▇▇▇▇ of Materials The ▇▇▇▇ of Materials material usage values listed below are estimates. The initial Baseline ▇▇▇▇ of Materials will be calculated by […***…]. TPI China – […***…] Blade BOM (Page 1 of 3) TPI China – […***…] Blade BOM (Page 2 of 3) TPI China – […***…] Blade BOM (Page 3 of 3) This FOURTH AMENDMENT (the “Fourth Amendment”) to the SUPPLY AGREEMENT is dated April 20, 2016 (the “Effective Date”) between GENERAL ELECTRIC INTERNATIONAL, INC., a Delaware corporation, through its GE RENEWABLE POWER business (formerly known as GE POWER & WATER and GE ENERGY businesses), having a principal place of business at ▇ ▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ (“GEE” or “Buyer”) and TPI China, LLC, a Delaware limited liability company, having a principal place of business at ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇ (“Seller”). Buyer and Seller are referred to herein individually as a “Party” and collectively as the “Parties”.