Payment and Credit Policy Sample Clauses

Payment and Credit Policy. Available payment terms are (a) pre-payment via ACH, wire transfer or mailed check; (b) VISA, MasterCard, American Express and Discover Card for payments under $50,000; or (c) per credit terms or other payment arrangements agreed between you and AEE Solar. For credit cards payments above $50,000, a credit card fee of up to 3% will be imposed. For special pricing or account balances with terms of greater than 30 days, payments must be made by either ACH, wire or check. For payments made to an AEE Solar credit account, payments received will be applied to the oldest invoice first if no remittance information is provided at time of payment. Note: Your account balance continues to reflect charges for Products subject to an RMA (see below) until AEE Solar accepts the return and credits your account. AEE Solar reserves the right to change your credit and payment terms at any time or to require full payment in advance of shipping Products (including charging your credit card where that method of payment has been selected). Note: Prepayment typically will be required when a manufacturer ships Products directly to you (a “drop shipment”). If payment is made via check and the check is rejected by the bank for insufficient funds, then you will be charged a $25 insufficient funds fee. All late payments shall be charged interest computed on a daily basis from the due date until paid in full at the rate of one and one-half percent (1.5%) per month or the maximum rate permitted by law, whichever is less. On delinquent accounts, AEE Solar shall not be obligated to fulfill any sales orders not yet shipped to you. You agree to pay AEE Solar’s costs of collection (including attorney fees and court costs) incurred to recover any overdue amounts. If you tender a payment for less than the full invoice amount along with words such as 'payment in full' or 'in full satisfaction', AEE Solar may protest such words and accept the payment as partial payment, which shall not constitute an accord and satisfaction or a waiver by AEE Solar of its right to collect payment in full.
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Payment and Credit Policy. Available payment terms are: a. prepayment via ACH, wire transfer, or mailed check; b. VISA, MasterCard, American Express, and Discover Card for payments under $50,000; or c. per credit terms or other payment arrangements agreed upon between you and AEE Solar. For credit card payments above$50,000, a credit card fee of up to 3% will be imposed. For special pricing or account balances with terms of greater than 30 days, payments must be made by either ACH, wire or check. For payments made to an AEE Solar credit account, payments received will be applied to the oldest invoice first if no remittance information is provided at time of payment. If payment is made via check and the bank rejects the check for insufficient funds, then you will be charged a $25 insufficient funds fee. All late payments shall be charged interest computed on a daily basis from the due date until paid in full at the rate of one and one-half percent (1.5%) per month or the maximum rate permitted by law, whichever is less. On delinquent accounts, AEE Solar shall not be obligated to fulfill any sales orders not yet shipped to you. You agree to pay AEE Solar’s costs of collection (including attorney fees and court costs) incurred to recover any overdue amounts. If you tender payment for less than the full invoice amount along with words such as ‘payment in full’ or ‘in full satisfaction,’ AEE Solar may protest such words and accept the payment as partial payment, which shall not constitute an accord and satisfaction or a waiver by AEE Solar of its right to collect payment in full.
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Payment and Credit Policy. 6.1. Any reference to Customer shall include all Customers, unless it refers to a specific group of Customers. 6.2. For credit purposes, the two main groups of Customers are Non-Account Customers and Account Customers.
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Payment and Credit Policy a. All Products must be paid for (“Payment”) prior to shipment (unless agreed otherwise, specifically and in writing).
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Payment and Credit Policy. Available payment terms are (a) pre-payment with order; (b) VISA, MasterCard, and Discover Card; or (c) other payment arrangements as mutually agreed by the parties. AEE Solar will consider granting credit to Customers in AEE Solar’s sole discretion. Contact AEE Solar to request a credit application. AEE Solar reserves the right to change credit and payment terms extended to Customers in AEE Solar’s sole discretion at any time. AEE Solar reserves the right to require full payment in advance of shipping Products (including but not limited charging a Customer’s credit card where that method of payment has been selected), for example in the event that a third party will be shipping the Products directly to Customer (a “drop shipment”). All late payments shall be charged interest computed on a daily basis from the due date until paid in full at the rate of one and one-half percent (1.5%) per month or the maximum rate permitted by law, whichever is less. On delinquent accounts, AEE Solar shall not be obligated to continue performance under any agreement with Customer. Customer agrees to pay AEE Solar’s costs of collection (including reasonable legal and professional fees) incurred in collecting any overdue amounts. The acceptance and deposit by AEE Solar of any payment from Customer or its affiliates, by check, wire transfer or any other means, which payment contains any reference to the effect that such payment constitutes 'payment in full' or 'in full satisfaction', shall not constitute an accord and satisfaction or a waiver by AEE Solar of any right(s) it possesses, in law or equity, to collect payment in full from Customer.
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Related to Payment and Credit Policy

  • Credit Policy Subject to Section 6.01(h), the Borrower will not consent to Regional Management’s amendment, modification, restatement or replacement, in whole or in part, of the Credit Policy, which change could adversely affect the interests or the remedies of the Secured Parties under the Basic Documents, without the prior written consent of the Administrative Agent (acting at the direction of the Required Lenders) (and the Required Lenders shall use commercially reasonable efforts to respond to such consent request within five Business Days of their receipt thereof).

  • Modifications to Contracts and Credit and Collection Policy Such Seller Party will not make any change to the Credit and Collection Policy that could adversely affect the collectability of the Receivables or decrease the credit quality of any newly created Receivables. Except as provided in Section 8.2(d), Servicer will not extend, amend or otherwise modify the terms of any Receivable or any Contract related thereto other than in accordance with the Credit and Collection Policy.

  • Performance and Compliance with Contracts and Credit and Collection Policy The Seller shall (and shall cause the Servicer to), at its expense, timely and fully perform and comply with all material provisions, covenants and other promises required to be observed by it under the Contracts related to the Receivables, and timely and fully comply in all material respects with the applicable Credit and Collection Policies with regard to each Receivable and the related Contract.

  • Compliance with Contracts and Credit and Collection Policy Originator will timely and fully (i) perform and comply with all provisions, covenants and other promises required to be observed by it under the Contracts related to the Receivables, and (ii) comply in all respects with the Credit and Collection Policy in regard to each Receivable and the related Contract.

  • Compliance with Credit and Collection Policy Such Seller Party has complied in all material respects with the Credit and Collection Policy with regard to each Receivable and the related Contract, and has not made any material change to such Credit and Collection Policy, except such material change as to which Agent and each Purchaser Agent have been notified in accordance with Section 7.1(a)(vii) and receipt Agent’s and each Purchaser Agent’s consent to the extent referenced therein.

  • Credit and Collection Policy The Servicer has complied in all material respects with the Credit and Collection Policy with regard to each Pool Receivable and the related Contracts.

  • Change in Credit and Collection Policy At least thirty (30) days prior to the effectiveness of any material change in or material amendment to the Credit and Collection Policy, a copy of the Credit and Collection Policy then in effect and a notice (A) indicating such change or amendment, and (B) if such proposed change or amendment would be reasonably likely to adversely affect the collectibility of the Receivables or decrease the credit quality of any newly created Receivables, requesting the Agent's consent thereto.

  • Credit and Collection Policies Comply in all material respects with its Credit and Collection Policy in connection with the Receivables that it generates and all Contracts and other agreements related thereto.

  • Change in Business or Credit and Collection Policy The Seller will not make any change in the character of its business or in the Credit and Collection Policy that would, in either case, materially adversely affect the collectibility of the Receivables Pool or the ability of the Seller to perform its obligations under this Agreement.

  • Payments Pursuant to Letters of Credit The Borrower agrees to reimburse immediately the Letter of Credit Issuer for any draw under any Letter of Credit and the Agent for the account of the Lenders upon any payment pursuant to any Credit Support, and to pay the Letter of Credit Issuer the amount of all other charges and fees payable to the Letter of Credit Issuer in connection with any Letter of Credit immediately when due, irrespective of any claim, setoff, defense or other right which the Borrower may have at any time against the Letter of Credit Issuer or any other Person. Each drawing under any Letter of Credit shall constitute a request by the Borrower to the Agent for a Borrowing of a Base Rate Revolving Loan in the amount of such drawing. The Funding Date with respect to such borrowing shall be the date of such drawing.

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