PAYMENT TERMS/DISCOUNTS Clause Samples

The PAYMENT TERMS/DISCOUNTS clause defines the conditions under which payments must be made and any discounts that may apply for early or prompt payment. Typically, this clause specifies the payment schedule, such as net 30 days from the invoice date, and may outline percentage discounts available if payment is received within a shorter period, like 2% off if paid within 10 days. Its core practical function is to set clear expectations for payment timing and incentivize timely payments, thereby improving cash flow predictability and reducing the risk of late payments.
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PAYMENT TERMS/DISCOUNTS. (a) Supplier shall invoice PAR within 30 days of delivery of the Goods in accordance with the Purchase Order. (b) Unless otherwise provided in the Purchase Order, invoiced amounts will be due and payable within 60 days of PAR’s receipt of a correct and an undisputed invoice submitted in conformance with these Terms; provided that, if, in PAR’s sole election, PAR remits payment within 10 days of PAR's receipt of a correct and undisputed invoice, PAR shall receive a 2% cash discount on the invoice amount and PAR's payment shall reflect such reduced amount. (c) PAR is not obligated to pay any invoice received from Supplier more than 120 days after PAR accepts the Goods or Services. (d) Payment of an invoice will not constitute acceptance under the Purchase Order, and is subject to adjustment for errors, shortages, defects, or other failure of Supplier to meet the requirements of the Purchase Order. (e) Payment will be in U.S. dollars. PAR will determine the local currency exchange as of the date of payment. (f) PAR may, at any time, set-off any amounts Supplier owes PAR against any amounts PAR owes to Supplier or any of its affiliated companies.
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PAYMENT TERMS/DISCOUNTS. The County’s payment terms are in accordance with Florida Statute 218, Local Government Prompt Payment Act. Cash discounts for prompt payment shall not be considered in determining the lowest net cost for bid evaluation purposes.
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PAYMENT TERMS/DISCOUNTS. The County’s payment terms are in accordance with Florida Statute 218, Local Government Prompt Payment Act. Cash discounts for prompt payment will be considered in determining the lowest net cost for quote evaluation purposes. Notwithstanding the above, discount payment terms shall not be less than net 30 calendar days from receipt of correct invoice.
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Related to PAYMENT TERMS/DISCOUNTS

  • Repayment Terms (a) The Borrower on a Revolving Loan Facility shall pay in full the outstanding Loan Facility Obligations no later than the first Business Day after the Final Disbursement Date unless such Loan Facility is renewed or extended by Lender consistent with procedures required by Ex-Im Bank. (b) The Borrower on a Transaction Specific Loan Facility and a Transaction Specific Revolving Loan Facility shall, within two (2) Business Days of the receipt thereof, pay to Lender (for application against the outstanding Loan Facility Obligations) all checks, drafts, cash and other remittances it may receive in payment or on account of the Export-Related Accounts Receivable, Export-Related Overseas Accounts Receivable or any other Collateral, in precisely the form received (except for the endorsement of Borrower where necessary). Pending such deposit, Borrower shall hold such amounts in trust for Lender separate and apart and shall not commingle any such items of payment with any of its other funds or property. Unless a Transaction Specific Loan Facility or Transaction Specific Revolving Loan Facility is renewed or extended by Lender consistent with procedures required by Ex-Im Bank, Borrower shall pay in full all outstanding Loan Facility Obligations no later than the first Business Day after the Final Disbursement Date, except for Eligible Export-Related Accounts Receivables and Eligible Export-Related Overseas Accounts Receivable outstanding as of the Final Disbursement Date and due and payable after such date, for which the principal and accrued and unpaid interest thereon shall be due and payable no later than the first Business Day after the date such Accounts Receivable are due and payable.

  • Volume Discounts Contractor may offer volume discounts. Volume discounts may be applied per order. Volume discounts shall be defined and applied as follows: Volume discounts shall be additional discounts applied to individual orders over a specified dollar amount.

  • Additional Discounts? Do you offer additional discounts to TIPS members for large order quantities or large scope of work? Yes Years in business as proposing company? Does the vendor have resellers that it will name under this contract? Resellers are defined as other companies that sell your products under an agreement with you, the awarded vendor of TIPS. EXAMPLE: BIGmart is a reseller of ACME brand televisions. If ACME were a TIPS awarded vendor, then ACME would list BIGmart as a reseller. (If applicable, Vendor should add all Authorized Resellers within the TIPS Vendor Portal upon award). No

  • PROMPT PAYMENT DISCOUNTS If a Contractor offers a discount for prompt payment, the Contractor shall include the terms of the discount on all invoices, the amounts which are due if the Authorized User meets the terms, and the number of days for which the prompt payment discount offer applies.

  • Payment Terms DXC agrees to pay Supplier the undisputed amount of an invoice within ninety (90) days after the receipt of a valid, complete and properly documented invoice. Any prompt payment discount will be calculated from the date a conforming invoice is received by DXC. Payment will be in U.S. currency unless otherwise stated. Payment will not constitute acceptance of Products and/or Services or impair DXC’s right to inspect. Acceptance shall be when DXC deems the Products and/or Services to meet its specified criteria (“Acceptance”). DXC, at its option, and without prior notice to Supplier, shall have the right to set off or deduct from any Supplier’s invoice, any credits, refunds or claims of any kind due DXC.