Common use of Payment; Credit Clause in Contracts

Payment; Credit. Unless stated otherwise in the Agreement, all payment shall be due within thirty (30) days of the date of each invoice, without discount. Any cash discount provided on the sale of the Products will only apply to the price of the Products and not to any other items, including without limitation, taxes, storage, freight or other similar items. All payments not received on the due date set forth herein, shall be charged an additional one and one-half percent (1 1/2 %) interest rate per month or the maximum amount allowed under applicable law. In addition, any collection costs incurred in collecting past-due invoices, including attorney’s fees, shall be the responsibility of Buyer. If Buyer fails to pay DSB in accordance with the payment terms set forth herein, or if, in the opinion of DSB, Buyer’s financial condition, or Buyer’s ability to perform under this Agreement, is impaired or unsatisfactory, then DSB, at its option and without prejudice to its other rights and remedies, may, without further notice to Buyer: (A) suspend performance, including any pending shipments, until all indebtedness is paid in full; and/or (B) place Buyer’s shipments on a cash-in-advance basis until arrangements are made for security or other assurances, satisfactory to DSB.

Payment; Credit. Unless stated otherwise in the Agreement, all payment shall be due within thirty (30) days of the date of each invoice, without discount. Any cash discount provided on the sale of the Products will only apply to the price of the Products and not to any other items, including without limitation, taxes, storage, freight freight, or other similar items. All payments not received on the due date set forth herein, shall be charged an additional one and one-half percent (1 1/2 %) interest rate per month or the maximum amount allowed under applicable law. In addition, any collection costs incurred in collecting past-due invoices, including attorney’s fees, shall be the responsibility of Buyer. If Buyer fails to pay DSB in accordance with the payment terms set forth herein, or if, in the opinion of DSB, Buyer’s financial condition, or Buyer’s ability to perform under this Agreement, is impaired or unsatisfactory, then DSB, at its option and without prejudice to its other rights and remedies, may, without further notice to Buyer: (A) suspend performance, including any pending shipments, until all indebtedness is paid in full; and/or (B) place Buyer’s shipments on a cash-in-advance basis until arrangements are made for security or other assurances, satisfactory to DSB.