Common use of PAYMENT TERMS AND CASH DISCOUNTS Clause in Contracts

PAYMENT TERMS AND CASH DISCOUNTS. IUC-PG member institutions will endeavor to use any cash terms offered, and these could be considered in determining the final net price depending on the discount period. In the event that IUC-PG member institutions are entitled to a cash discount, the period of computations will commence on the date of delivery or receipt of a correctly completed invoice, whichever is later. If an adjustment is necessary due to damage, the cash discount period shall commence on the date final approval for payment is authorized. If a discount is part of the Agreement, but the invoice does not reflect the existence of a cash discount, the IUC-PG member institution is entitled to a cash discount with the period commencing on the date it is determined that a cash discount applies. No additional fees for credit use will be accepted.

PAYMENT TERMS AND CASH DISCOUNTS. IUC-PG member institutions will endeavor to use any cash terms offered, and these could be considered in determining the final net price depending on the discount period. In the event that IUC-PG member institutions are entitled to a cash discount, the period of computations will commence on the date of delivery or receipt of a correctly completed invoice, whichever is later. If an adjustment is necessary due to damage, the cash discount period shall commence on the date final approval for payment is authorized. If a discount is part of the Agreement, but the invoice does not reflect the existence of a cash discount, the IUC-PG member institution is entitled to a cash discount with the period commencing on the date it is determined that a cash discount applies. No additional fees for credit use will be accepted.