PAYMENT BY DISTRIBUTOR Clause Samples
The 'Payment by Distributor' clause defines the obligations of the distributor to make payments to the supplier or manufacturer for goods or services provided under the agreement. Typically, this clause outlines the timing, method, and currency of payments, and may specify conditions such as payment upon delivery, within a set number of days after invoice, or through specific payment channels like wire transfer. Its core practical function is to ensure that both parties have a clear understanding of when and how payments will be made, thereby reducing the risk of disputes and ensuring smooth financial transactions.
PAYMENT BY DISTRIBUTOR. DISTRIBUTOR will pay DEALER for such items as DEALER may request be repurchased and that qualify hereunder as soon as practicable upon DEALER's compliance with the obligations set forth herein and upon computation of any outstanding indebtedness of DEALER to DISTRIBUTOR. DISTRIBUTOR shall have the right to offset from any amounts due to DEALER hereunder the total sum of DEALER's outstanding indebtedness to DISTRIBUTOR. If DEALER disagrees with DISTRIBUTOR's valuation of any item herein, and DEALER and DISTRIBUTOR have not resolved their disagreement within sixty (60) days of the effective date of termination or expiration of this Agreement, DISTRIBUTOR shall pay to DEALER the amount to which it reasonably believes DEALER is entitled. DEALER's exclusive remedy to recover any additional sums that it believes is due under this Section shall be by resort to any existing Alternative Dispute Resolution program established by DISTRIBUTOR that is binding on DISTRIBUTOR. If no Alternative Dispute Resolution program is then existing, DEALER's exclusive remedy shall be by resort to arbitration in accordance with the commercial arbitration rules of the American Arbitration Association (AAA). The site of the arbitration shall be the office of the AAA in the locality of DISTRIBUTOR's principal place of business.
PAYMENT BY DISTRIBUTOR. Subject to its right to offset any amounts owing Distributor from Dealer, Distributor shall pay Dealer for the eligible items purchased by it under the provisions of this Section B as soon as practicable following delivery thereof to Distributor; provided, however, that any payment for such eligible items may be made by Distributor, at its option, directly to any financing institution or other person or concern which shall have a security or ownership interest therein.
PAYMENT BY DISTRIBUTOR. 38 ARTICLE VI. SUCCEEDING AND NEW AND SUPERSEDING SALES AND SERVICE AGREEMENTS . . . . . . . . . . . . . . . . . . . . . . . . . . . 38 A.
PAYMENT BY DISTRIBUTOR. 21 VI. SUCCEEDING AND NEW AND SUPERSEDING SALES AND SERVICE AGREEMENTS................................................. 23 A.
PAYMENT BY DISTRIBUTOR. Distributor agrees to pay the Company for Products purchased pursuant to this Agreement within thirty (30) days after Products are delivered to Distributor, or its agent. Payment for any Product sent directly to Distributor’s customers via drop shipping shall be made in full to the Company prior to shipment of such Product, including the cost of such drop shipping.