Common use of Payment Terms Additional Costs and Price Changes Clause in Contracts

Payment Terms Additional Costs and Price Changes. 9.1 Payment Terms Subject to Concisys, LLC continuing credit approval including the requirement for other payment terms, payment for any Products, services, or other costs to be paid by Customer hereunder are due thirty (30) days net from the date of invoice and shall be made in lawful US currency. If Customer is late with payments or Concisys, LLC believes Customer may not be able to pay when due, Concisys, LLC in its absolute discretion may require prepayment and/or delay shipments and/or suspend work until payment and security arrangements satisfactory to Concisys, LLC are completed. Late payments accrue interest at the rate of 0.8% per month not to exceed the maximum rate allowed by law.

Appears in 1 contract

Samples: Terms and Conditions Manufacturing Agreement

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