Common use of Payment and Invoicing Clause in Contracts

Payment and Invoicing. Payment is due at the time the order is placed. If Customer is approved for credit, payment shall be due within thirty (30) days from the date of invoice. Payment shall be in the currency listed on the NI invoice. All sums not paid when due shall accrue interest daily at a monthly rate of the lesser of 1.5% or the highest rate permissible by applicable law. If there are multiple units in an order, each unit will be invoiced when shipped. Invoice processes requested by Customer that are non-standard for NI may be subject to the payment of a five percent (5%) processing fee and any amounts NI is required to pay to government authorities on behalf of customers (if applicable).

Appears in 4 contracts

Samples: Terms and Conditions of Sale, Terms and Conditions of Sale, Terms and Conditions of Sale

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Payment and Invoicing. Payment is due at the time the order is placed. If Customer is approved for credit, payment shall be due within thirty (30) days from the date of invoice. Payment shall be in the currency listed on the NI invoice. All sums not paid when due shall accrue interest daily at a monthly rate of the lesser of 1.5% or the highest rate permissible by applicable law. If there are multiple units in an order, each unit will be invoiced when shipped. Invoice Nonstandard invoice processes requested by Customer that are non-standard for NI may be subject to the payment of a five percent (5%) processing fee and any amounts anyamounts NI is required to pay to government authorities on behalf of customers (if applicablerequired).

Appears in 2 contracts

Samples: Terms and Conditions of Sale, Terms and Conditions of Sale

Payment and Invoicing. Payment is due at the time the order is placed. If Customer is approved for credit, payment shall be due within thirty (30) days from the date of invoice. Payment shall be in the currency listed on the NI invoice. All sums not paid when due shall accrue interest daily at a monthly rate of the lesser of 1.5% or the highest rate permissible by applicable law. If there are multiple units in an order, each unit will be invoiced when shipped. Invoice Nonstandard invoice processes requested by Customer that are non-standard for NI may be subject to the payment of a five percent (5%) processing fee and any amounts NI is required to pay to government authorities on behalf of customers (if applicablerequired).

Appears in 2 contracts

Samples: Terms and Conditions of Sale, Terms and Conditions of Sale

Payment and Invoicing. Payment is due at the time the order is placed. If Customer is approved for credit, payment shall be due within thirty (30) days from the date of invoice. Payment shall be in the currency listed on listedon the NI invoice. All sums not paid when due shall accrue interest daily at a monthly rate of the lesser of 1.5% or 1.5%or the highest rate permissible by applicable law. If there are multiple units in an order, each unit will be invoiced when shipped. Invoice Nonstandard invoice processes requested by Customer that are non-standard for NI may be subject to the payment of a five percent (5%) processing fee and any amounts NI is required to pay to government authorities on behalf of customers (if applicablerequired).

Appears in 2 contracts

Samples: Terms and Conditions of Sale, Terms and Conditions of Sale

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Payment and Invoicing. Payment is due at the time the order is placed. If Customer is approved for credit, payment shall be due within thirty (30) days from the date of invoice. Payment shall be in the currency listed on the NI invoice. All Upon a written request of NI, all sums not paid when due shall accrue interest daily at a monthly rate of the lesser of 1.5% or the highest rate permissible by applicable law. If there are multiple units in an order, each unit will be invoiced when shipped. Invoice processes requested by Customer that are non-standard for NI may be subject to the payment by Customer of a five percent (5%) processing fee and any amounts NI is required to pay to government authorities on behalf of customers (if applicable).

Appears in 2 contracts

Samples: Terms and Conditions of Sale, Terms and Conditions of Sale

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