Common use of Payments by Customer Clause in Contracts

Payments by Customer. (a) During such time as consigned commodities are consigned to Customer hereunder and until the same are withdrawn from consignment and paid for in full by Customer as hereinafter provided, Customer will pay to Consignor a fee computed daily on the value of such consigned commodities at such rate or rates as Consignor shall specify in writing to Customer, and as such rates may change from time to time upon notice to Customer, such fee to be accrued on a daily basis and paid to Consignor not later than the tenth (10th) day of each month. A consignment fee calculated in accordance with this subparagraph shall be known as a "Floating Consignment Fee".

Payments by Customer. (a) During a)During such time as consigned commodities are consigned to Customer hereunder and until the same are withdrawn from consignment and paid for in full by Customer as hereinafter provided, Customer will pay to Consignor a fee computed daily on the value of such consigned commodities at such rate or rates as Consignor shall specify in writing to Customer, and as such rates may change from time to time upon notice to Customer, such fee to be accrued on a daily basis and paid to Consignor not later than the tenth (10th) day of each month. A consignment fee calculated in accordance with this subparagraph shall be known as a "Floating Consignment Fee".

Payments by Customer. (a) During such time as consigned commodities are consigned to Customer hereunder and until the same are withdrawn from consignment and paid for in full by Customer as hereinafter provided, Customer will pay to Consignor a fee computed daily on the value of such consigned commodities at such rate or rates as Consignor shall specify in writing to Customer, and as such rates may change from time to time upon notice to Customer, such fee to be accrued on a daily basis and paid to Consignor not later than the tenth (10th) day of each month. A consignment fee calculated in accordance with this subparagraph shall be known as a "“Floating Consignment Fee"”.