Common use of PAYMENT, SECURITY INTEREST Clause in Contracts

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. 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 XxxxxBuyer’s payment of the purchase price and any other charges owed by XxxxxBuyer, and Xxxxx Buyer 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. 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 30 days of the date of the invoice. Any payment not made to Seller when due shall be subject to a carrying charge interest at an annual rate of two percent (2%) per month the greater of 18% or the highest amount allowed by law on the unpaid balance until paid. Buyer shall have no right to offset any amount whatsoever against any payment or other obligation which buyer Buyer may owe to Seller under the terms hereof. Seller reserves a security interest in the Goods Products to secure Xxxxx’s Buyer's payment of the purchase price and any other charges owed by XxxxxBuyer, and Xxxxx Buyer 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.