Common use of Payment to Seller Clause in Contracts

Payment to Seller. Xxxxx agrees to pay for the services set forth on Attachment A according to the Seller’s payment terms. In the event Buyer fails to make any payment to Seller when due, Xxxxx’s entire account(s) with Seller shall become immediately due and payable without notice or demand. All past due amounts are subject to service charges at the rate agreed upon by the parties, otherwise at the maximum contract rate permitted by law. There shall be no retainage. Seller reserves the right to rescind the extension of credit to Buyer should Xxxxx’s account become delinquent or should there be a change in the Buyer’s creditworthiness (Seller to be the sole determiner of creditworthiness of Buyer). Should Seller pursue collection due to non-payment by Xxxxx, Xxxxx does hereby agree to reimburse Seller all costs of collection, including attorney fees.

Payment to Seller. Xxxxx Buyer agrees to pay for the services set forth on Attachment A according to the Seller’s payment terms. In the event Buyer fails to make any payment to Seller when due, XxxxxBuyer’s entire account(s) with Seller shall become immediately due and payable without notice or demand. All past due amounts are subject to service charges at the rate agreed upon by the parties, otherwise at the maximum contract rate permitted by law. There shall be no retainage. Seller reserves the right to rescind the extension of credit to Buyer should XxxxxBuyer’s account become delinquent or should there be a change in the Buyer’s creditworthiness (Seller to be the sole determiner of creditworthiness of Buyer). Should Seller pursue collection due to non-payment by XxxxxBuyer, Xxxxx Buyer does hereby agree to reimburse Seller all costs of collection, including attorney fees.