Common use of Price; Payment Terms Clause in Contracts

Price; Payment Terms. The price to be paid by Buyer for the goods that are the subject hereof (the “Goods”) are set forth on Seller’s invoice. The Buyer shall pay all amounts due and owing under each invoice in accordance with the payment terms in the invoice. All payments shall be in U.S. dollars and made by check or electronic transfer. Except for invoiced payments that the Buyer has successfully disputed as set forth below, all late payments shall bear interest at the lesser of (i) one and one-half percent (1.5%) per month (eighteen percent (18%) per annum) and (ii) the highest amount permitted by law. In addition to all other remedies available to Seller (whether hereunder or otherwise according to law or in equity, which Seller does not waive by the exercise of any rights hereunder), the Seller shall be entitled to suspend the provision of any services and/or the delivery of any products if the Buyer fails to pay any undisputed amounts when due and such failure continues for ten (10) days following written notice thereof.