Common use of PRICE, INVOICE, AND PAYMENT Clause in Contracts

PRICE, INVOICE, AND PAYMENT. Interfor shall pay Supplier the price or at the rates set out in the Agreement. All references to currency in the Agreement shall mean the lawful currency of Canada where Goods/Services are supplied to Interfor Corporation, and the U.S. where Goods/Services are supplied to Interfor U.S. Inc. Supplier’s prices shall include any and all taxes, brokerage costs, rates, duties, assessments and license fees that may be payable by Supplier under applicable law or levied, rated, charged or assessed by any governmental, public, judicial or quasi-judicial authority or self-regulatory organization (collectively “Governmental Authority”) in respect of the sale, ownership, storage, delivery, transportation, exportation or importation of the Goods and provision of the Services. Taxes, if any, shall be stated separately on any invoice. Unless otherwise specified in the Purchase Order, payments shall be made within 30 days of receipt of an invoice. At Interfor’s option, payment may be conditioned upon receipt of lien and claim releases from Supplier.