Common use of Payment Taxes Clause in Contracts

Payment Taxes. Subject to credit approval and unless otherwise set forth on Company’s invoice or otherwise agreed upon by the parties in writing, payment shall be made within thirty (30) days of the date of Company’s invoice. Outstanding balances shall accrue interest at a rate equal to the lesser of one and one half percent (1.5%) per month or the maximum rate permitted by applicable law, from due date until paid, plus Company’s reasonable costs of collection. Company reserves all other rights granted to a Company under the Uniform Commercial Code for Customer’s failure to pay for Product(s) or any other breach by Customer of these terms and conditions of sale. There shall be added to the purchase price of each Product amounts equal to any sales, use, or equivalent taxes required to be collected by Company, unless Customer provides Company with an appropriate exemption certificate. Notwithstanding any specified payment terms, Company may require payment in advance of shipment if Customer's credit, in Company’s sole judgment, becomes impaired. The purchase price shall become immediately due and payable and Company may cancel any unfilled portion of a shipment upon Customer's failure to make any payment when due.