Common use of Payment for the Products Clause in Contracts

Payment for the Products. The parties agree that payments for the Products shall be made prior to the delivery of the Products and the accounts shall be settled on a monthly basis. At the beginning of each month, Party B shall remit the estimated amount of payment for the Products ordered for such month to the account of Party A. If the actual accounts payable for the Products purchased by Party B exceeds the estimated amount, Party A may deliver the Products based on such actual accounts payable, and the balance between the estimated amount of payment and the actual accounts payable shall be paid to Party A by the end of such month.