Common use of PAYMENT TERMS / FINANCE CHARGE Clause in Contracts

PAYMENT TERMS / FINANCE CHARGE. Unless we have agreed otherwise in a written agreement signed by our authorized representative and subject to our credit approval, payment will be due within seven (7) days of invoice date. If an invoice is not paid on or before the due date, such invoice will be subject to a late charge from the date payable until payment in full at 2.0% per month, or such lesser amount as may represent the maximum rate permitted by applicable law. If we are required to utilize the services of a collection agency or attorneys to collect any amounts due, the customer will be responsible for reasonable collection costs, attorney fees, court costs and other reasonable expenses incurred in collecting amounts owed.

PAYMENT TERMS / FINANCE CHARGE. ‌ Unless we have agreed otherwise in a written agreement signed by our authorized representative and subject to our credit approval, payment will be due within seven (7) days of invoice date. If an invoice is not paid on or before the due date, such invoice will be subject to a late charge from the date payable until payment in full at 2.0% per month, or such lesser amount as may represent the maximum rate permitted by applicable law. If we are required to utilize the services of a collection agency or attorneys to collect any amounts due, the customer will be responsible for reasonable collection costs, attorney fees, court costs and other reasonable expenses incurred in collecting amounts owed.