PAYMENT, SECURITY INTEREST. If the terms of payment include any discount for prompt payment, such discount terms shall be strictly enforced by Seller. If there is no specific contrary agreement upon terms of payment stated herein, payment shall be due and payable within 10 days of the date of the invoice. Any payment not made to Seller when due shall be subject to a carrying charge of two percent (2%) per month on the unpaid balance until paid. Buyer shall have no right to offset any amount whatsoever against any payment or other obligation which buyer may owe to Seller under the terms hereof. Seller reserves a security interest in the Goods to secure Xxxxx’s payment of the purchase price and any other charges owed by Xxxxx, and Xxxxx agrees that Seller may (but is not obligated to) take such action as Seller deems advisable to evidence and perfect such interest and that Buyer will cooperate with Seller in the taking of such actions including, without limitation, the signing by Buyer of financing statements.
PAYMENT, SECURITY INTEREST. Unless otherwise stated herein by Seller, the terms of payment shall be net 30 days. Such (or any other) discount terms shall be strictly enforced by Seller. If at any time in Seller's reasonable discretion, Xxxxx's credit should become unsatisfactory to Seller, cash payments on delivery or other satisfactory security, including security for outstanding balances, may be required of Buyer by Seller as a condition to further deliveries. All installment deliveries shall be separately invoiced and paid for when due. Any payment not made to Seller when due shall be subject to a carrying charge of one and one half percent (1 1/2%) per month on the unpaid balance until paid and Seller may defer further deliveries to Buyer under this order or any other order between Buyer and Seller, or may cancel the undelivered balance or balances under this or any such other order. Buyer shall have no right to offset any amount whatsoever against any payment or other obligation which Buyer may owe to Seller under this order. Seller reserves a security interest in the Goods to secure Xxxxx's payment of the purchase price and any other charges owed by Xxxxx, and Xxxxx agrees that Seller may (but is not obligated to) take such action as Seller deems advisable to evidence and perfect such interest and that Buyer will cooperate with Seller in taking such actions, and Xxxxx hereby authorizes Seller to file financing statements. All payments shall be made payable to the order of (Plaskolite, LLC, P.O. Box 636087, Cincinnati, OH 45263-6087).
PAYMENT, SECURITY INTEREST. 9.1 Prepayment. Within [**Redacted**] Business Day following receipt of Shipping Documentation from Power Mount and provided a Purchase Price has been set, Stillwater may, at its option, forward Prepayment if it has been requested by Power Mount for such Lot via wire transfer to Power Mount. The “Prepayment” to Power Mount for such Offered Ounces shall equal (A) the product of (i) the Prepayment Percentage and (ii) the sum of the Offered Metal Values for each Metal less (B) the Prepayment Finance Charge.
PAYMENT, SECURITY INTEREST. Unless otherwise set forth on the first page of the Order, Purchaser shall pay Seller for the Products within thirty (30) days from the date of Seller’s invoice by check, wire or electronic funds transfer in immediately available funds in U.S. dollars. If Purchaser makes payment within ten (10) days from the date of Seller’s invoice, Purchaser shall receive a one percent (1%) discount. If Purchaser fails to pay Seller in accordance with the above terms, then Seller, at its option and without prejudice to its other rights and remedies, may (A) terminate any Order without notice, (B) suspend deliveries until all indebtedness is paid in full, and/or (C) place Purchaser’s shipments on a cash-in-advance basis. In the event of default in payment, Purchaser shall pay all of Seller’s costs of collection, including, but not limited to, reasonable attorneys’ fees. Interest at the rate of eighteen percent (18%) per annum or the maximum rate allowed by applicable law shall accrue on all past due amounts. If, in the reasonable opinion of Seller, Purchaser’s financial condition or Purchaser’s ability to perform is impaired or unsatisfactory, then Seller, at its option and without prejudice to its other rights and remedies, may (1) suspend deliveries, or (2) place Purchaser’s shipments on a cash-in-advance status until arrangements are made for security or other assurances satisfactory, to Seller, at Seller’s sole discretion. Seller may establish a credit limit for Purchaser’s account. Seller reserves the right to refuse to make shipments to Purchaser if such shipments would cause Purchaser to exceed such credit limit. Seller may increase or decrease such credit limit from time to time, in its reasonable discretion. Until Seller receives full and final payment of the purchase price for the Products, Purchaser grants to Seller, and Seller shall retain, a first priority, perfected security interest in the Products. So long as Seller retains a security interest in the Products, Purchaser shall keep the Products free from any other security interests, liens or encumbrances (other than those which are subordinate to Seller’s security interest). Seller may avail itself of all of the remedies afforded to it by the Uniform Commercial Code or other applicable law for the breach of an agreement for the sale of goods and/or services and for the enforcement of the security interest granted by Purchaser to Seller hereunder. Without limiting any other rights or remedies of Seller, if ...
PAYMENT, SECURITY INTEREST
