Common use of Price and Payments Clause in Contracts

Price and Payments. 1. Any payments under the Agreement shall be made in accordance with the terms provided by Xxxxx in the proforma invoices/sales invoice and, if not agreed by the Parties otherwise, the Purchaser shall provide Menlo with bank payment confirmations within 3 (three) Business Days from the payment. 2. All proforma invoices/sales invoices issued under the Agreement may be issued in the electronical form and, in such cases, shall be sent to the Purchaser’s e-mail address indicated by the Purchaser. 3. Payments shall be made in EUR or PLN via bank transfer to Menlo’s bank account indicated in the proforma invoice/sales invoice. The moment when Xxxxx’s bank account is credited with a given due amount shall be deemed as the payment moment. 4. If the Purchaser is late with any payments under the Agreement, Menlo shall have the right to charge the Purchaser with the amount of interest for delays in commercial transaction for each day of delay and postpone the delivery of the goods until the payment is made. 5. Any deductions or set-offs by the Purchaser of Purchaser’s receivables towards Menlo with receivables of Menlo towards the Purchaser arising from the Agreement with Menlo are excluded.