Common use of Open Account Payment Terms Clause in Contracts

Open Account Payment Terms. TIME FOR CUSTOMER’S PAYMENT OF THE PURCHASE PRICE FOR THE PRODUCTS SHALL BE OF THE ESSENCE. All sums owing Seller by Customer shall be paid in accordance with the provisions of Seller’s invoice or any written quotation issued by Seller and signed or otherwise accepted in writing by Customer. In the absence of such express provisions, Xxxxxx’s terms will be net thirty (30) days from the date of invoice. All payments made by Customer to Seller shall be applied in the following priority: (a) first to the amounts, if any, due to Seller for attorneys’ fees and court costs, (b) second to the amounts, if any, due to Seller in the event of Customer’s default and (c) finally to the balance of the purchase price due to Seller for the Products.

Open Account Payment Terms. TIME FOR CUSTOMER’S PAYMENT OF THE PURCHASE PRICE FOR THE PRODUCTS SHALL BE OF THE ESSENCE. All sums owing Seller by Customer shall be paid in accordance with the provisions of Seller’s invoice or any written quotation issued by Seller and signed or otherwise accepted in writing by Customer. In the absence of such express provisions, XxxxxxSeller’s terms will be net thirty (30) days from the date of invoice. All payments made by Customer to Seller shall be applied in the following priority: (a) first to the amounts, if any, due to Seller for attorneys’ fees and court costs, (b) second to the amounts, if any, due to Seller in the event of Customer’s default and (c) finally to the balance of the purchase price due to Seller for the Products.