PAYMENTS, TAXES, AND DUTIES. (a) Unless Buyer disputes an invoice in good faith or as otherwise provided, terms of payment shall be 2% 20 days, Net 60 days from the latest of the following: (i) Buyer’s receipt of the Seller's proper invoice; (ii) scheduled delivery date of the Work; or (iii) actual delivery of the Work. Buyer shall have a right of setoff against payments due or at issue under this Contract or any other contract between the Parties. All invoices must be mailed to the Buyer Accounts Payables department; Seller’s invoices are not to be used as packing slips nor are they to be sent with the material. (b) Payment shall be deemed to have been made as of the date of mailing Buyer’s payment or electronic funds transfer. (c) Unless otherwise specified, prices include all applicable federal, state and local taxes, duties, tariffs, and similar fees imposed by any government, all of which shall be listed separately on the invoice. (d) A minimum of ninety (90) days notification in writing to the Buyer Purchasing department is required prior to any requested price increases and explanation/justification for the request is also to be provided. Price adjustments are not to be implemented without Buyer Procurement Representative’s written approval.
Appears in 6 contracts
Samples: Purchase Order Agreement, Purchase Order Agreement, Purchase Order Agreement
PAYMENTS, TAXES, AND DUTIES. (a) Unless Buyer disputes an invoice in good faith or as otherwise provided, terms of payment shall be 2% 20 days, Net 60 net forty-five (45) days from the latest of the following: (i) Buyer’s receipt of the Seller's proper invoice; (ii) scheduled delivery date of the Work; or (iii) actual delivery of the Work. Buyer shall have a right of setoff against payments due or at issue under this Contract or any other contract between the Parties. All invoices must be mailed to the Buyer Accounts Payables department; Seller’s invoices are not to be used as packing slips nor are they to be sent with the material.
(b) Payment shall be deemed to have been made as of the date of mailing Buyer’s payment or electronic funds transfer.
(c) Unless otherwise specified, prices include all applicable federal, state and local taxes, duties, tariffs, and similar fees imposed by any government, all of which shall be listed separately on the invoice.
(d) A minimum of ninety (90) days notification in writing to the Buyer Purchasing department is required prior to any requested price increases and explanation/justification for the request is also to be provided. Price adjustments are not to be implemented without Buyer Procurement Representative’s written approval.
Appears in 1 contract
Samples: Purchase Order Agreement
