Common use of Prices and Payment Clause in Contracts

Prices and Payment. 4.1 Prices for the Products and Services are as set forth in the Agreement. The price as so determined is the sole amount payable by Timken to Seller or any third party for the purchase of the Products or Services, and Seller shall be solely responsible for, among other things, (a) costs of raw materials, supplies or manufacture, (b) duties or similar charges, (c) insurance premiums, (d) salaries or benefits of employees, or (e) handling, packaging, shipping or storage costs. No increases or surcharges to pricing will be effective without Timken’s prior written consent. 4.2 The price includes all applicable federal, state, provincial and local taxes other than sales or value added taxes. Seller shall issue invoices for any sales or value added taxes that Seller is required by law to collect from Timken, in a form sufficient to permit Timken to make appropriate deductions for income tax purposes. Seller shall provide Timken with all information and documentation required under local law to enable Timken to recover any sales, value added or similar turnover taxes. 4.3 Seller may not send invoices earlier than the date of receipt at Timken’s facility of Products or completion of Services or, in the case of consignment, the end of the consignment period as defined in Section 2.4. All invoices must include Timken’s complete purchase order number and have all necessary or required bills of lading and other shipping receipts and documents attached. 4.4 Payment terms in respect of undisputed invoices are as stated in the Agreement, or, if none are so stated, net 60 days. Any payment or discount period will be calculated from the date of receipt by Timken of an accurate and properly prepared invoice (including all required supporting documents). 4.5 In addition to any right of setoff or recoupment provided by law or equity, all amounts due to Seller shall be considered net of indebtedness of Seller and its affiliates to Timken and its affiliates, and Timken shall have the right to set off against or to recoup from any amounts due to Seller and its affiliates from Timken and itsaffiliates.

Prices and Payment. 4.1 Prices for the Products and Services are as set forth in the Agreement. The price as so determined is the sole amount payable by Timken XxXxxxx to Seller or any third party for the purchase of the Products or Services, and Seller shall be solely responsible for, among other things, (a) costs of raw materials, supplies or manufacture, (b) duties or similar charges, (c) insurance premiums, (d) salaries or benefits of employees, or (e) handling, packaging, shipping or storage costs. No increases or surcharges to pricing will be effective without Timken’s XxXxxxx’x prior written consent. 4.2 The price includes all applicable federal, state, provincial and local taxes other than sales or value added taxes. Seller shall issue invoices for any sales or value added taxes that Seller is required by law to collect from TimkenXxXxxxx, in a form sufficient to permit Timken XxXxxxx to make appropriate deductions for income tax purposes. Seller shall provide Timken XxXxxxx with all information and documentation required under local law to enable Timken XxXxxxx to recover any sales, value added or similar turnover taxes. 4.3 Seller may not send invoices earlier than the date of receipt at Timken’s XxXxxxx’x facility of Products or completion of Services or, in the case of consignment, the end of the consignment period as defined in Section 2.4. All invoices must include Timken’s XxXxxxx’x complete purchase order number and have all necessary or required bills of lading and other shipping receipts and documents attached. 4.4 Payment terms in respect of undisputed invoices are as stated in the Agreement, or, if none are so stated, net 60 45 days. Any payment or discount period will be calculated from the date of receipt by Timken XxXxxxx of an accurate and properly prepared invoice (including all required supporting documents). 4.5 In addition to any right of setoff or recoupment provided by law or equity, all amounts due to Seller shall be considered net of indebtedness of Seller and its affiliates to Timken XxXxxxx and its affiliates, and Timken XxXxxxx shall have the right to set off against or to recoup from any amounts due to Seller and its affiliates from Timken XxXxxxx and itsaffiliatesits affiliates.

Prices and Payment. 4.1 Prices for the Products and Services are as set forth in the Agreement. The price as so determined is the sole amount payable by Timken to Seller or any third party for the purchase of the Products or Services, and Seller shall be solely responsible for, among other things, (a) costs of raw materials, supplies or manufacture, (b) duties or similar charges, (c) insurance premiums, (d) salaries salar ies or benefits of employees, or (e) handling, packaging, shipping or storage costs. No increases or surcharges to pricing will w ill be effective without w it hout Timken’s prior written w xxxxxx consent. 4.2 The price includes all applicable federal, state, provincial and local taxes other than sales or value added taxes. Seller shall issue invoices for any sales or value added taxes that Seller is required by law to collect from Timken, in a form sufficient to permit Timken to make appropriate deductions for income tax purposes. Seller shall provide Timken with w ith all information and documentation required under local law to enable Timken to recover any sales, value added or similar turnover taxes. 4.3 Seller may not send invoices earlier than the date of receipt at Timken’s facility of Products or completion of Services or, in the case of consignment, the end of the consignment period as defined in Section 2.4. All invoices must include Timken’s complete purchase order number and have all necessary or required bills of lading and other shipping receipts and documents attached. 4.4 Payment terms in respect of undisputed invoices are as stated in the Agreement, or, if none are so stated, net 60 days. Any payment or discount period will w ill be calculated from the date of receipt by Timken of an accurate and properly prepared invoice (including all required supporting documents). 4.5 In addition to any right of setoff or recoupment provided by law or equity, all amounts due to Seller shall be considered net of indebtedness of Seller and its affiliates to Timken and its affiliates, and Timken shall have the right to set off against or to recoup from any amounts due to Seller and its affiliates from Timken and itsaffiliatesits affiliates.

Prices and Payment. 4.1 Prices for the Products and Services are as set forth in the Agreement. The price as so determined is the sole amount payable by Timken to Seller or any third party for the purchase of the Products or Services, and Seller shall be solely responsible for, among other things, (a) costs of raw materials, supplies or manufacture, (b) duties or similar charges, (c) insurance premiums, (d) salaries or benefits of employees, or (e) handling, packaging, shipping or storage costs. No increases or surcharges to pricing will be effective without Timken’s prior written consent. 4.2 The price includes all applicable federal, state, provincial and local taxes other than sales or value added taxes. Seller shall issue invoices for any sales or value added taxes that Seller is required by law to collect from Timken, in a form sufficient to permit Timken to make appropriate deductions for income tax purposes. Seller shall provide Timken with all information and documentation required under local law to enable Timken to recover any sales, value added or similar turnover taxes. 4.3 Seller may not send invoices earlier than the date of receipt at Timken’s facility of Products or completion of Services or, in the case of consignment, the end of the consignment period as defined in Section 2.4. All invoices must include Timken’s complete purchase order number and have all necessary or required bills of lading and other shipping receipts and documents attached. 4.4 Payment terms in respect of undisputed invoices are as stated in the Agreement, or, if none are so stated, net 60 days45 days EOM. Any payment or discount period will be calculated from the date of receipt by Timken of an accurate and properly prepared invoice (including all required supporting documents). 4.5 In addition to any right of setoff or recoupment provided by law or equity, all amounts due to Seller shall be considered net of indebtedness of Seller and its affiliates to Timken and its affiliates, and Timken shall have the right to set off setoff against or to recoup from any amounts due to Seller and its affiliates from Timken and itsaffiliatesits affiliates.

Prices and Payment. 4.1 Prices for the Products and Services are as set forth in the Agreement. The price as so determined is the sole amount payable by Timken to Seller or any third party for the purchase of the Products or Services, and Seller shall be solely responsible for, among other things, (a) costs of raw materials, supplies or manufacture, (b) duties or similar charges, (c) insurance premiums, (d) salaries or benefits of employees, or (e) handling, packaging, shipping or storage costs. No increases or surcharges to pricing will be effective without Timken’s prior written consent. Timken expects future price reductions on account of improvements in manufacturing processes resulting in benefits including but not limited to productivity, yield, and forging weight reduction by Seller in order to remain competitive. 4.2 The price includes all applicable federal, state, provincial and local taxes other than sales or value added taxes. Seller shall issue invoices for any sales or value added taxes that Seller is required by law to collect from Timken, in a form sufficient to permit Timken to make appropriate deductions for income tax purposes. Seller shall provide Timken with all information and documentation required under local law to enable Timken to recover any sales, value added or similar turnover taxes. 4.3 Seller may not send invoices earlier than the date of receipt at Timken’s facility of Products or completion of Services or, in the case of consignment, the end of the consignment period as defined in Section 2.4. All invoices must include Timken’s complete purchase order number and have all necessary or required bills of lading and other shipping receipts and documents attached. 4.4 Payment terms in respect of undisputed invoices are as stated in the Agreement, or, if none are so stated, net 60 days. Any payment or discount period will be calculated from the date of receipt by Timken of an accurate and properly prepared invoice (including all required supporting documents). 4.5 In addition to any right of setoff or recoupment provided by law or equity, all amounts due to Seller shall be considered net of indebtedness of Seller and its affiliates to Timken and its affiliates, and Timken shall have the right to set off setoff against or to recoup from any amounts due to Seller and its affiliates from Timken and itsaffiliatesits affiliates.

Prices and Payment. 4.1 Prices for the Products and Services are as set forth in the Agreement. The price as so determined is the sole amount payable by Timken to Seller or any third party for the purchase of the Products or Services, and Seller shall be solely responsible for, among other things, (a) costs of raw materials, supplies or manufacture, (b) duties or similar charges, (c) insurance premiums, (d) salaries or benefits of employees, or (e) handling, packaging, shipping or storage costs. No increases or surcharges to pricing will be effective without Timken’s prior written consent. 4.2 The price includes all applicable federal, state, provincial and local taxes other than sales or value added taxes. Seller shall issue invoices for any sales or value added taxes that Seller is required by law to collect from Timken, in a form sufficient to permit Timken to make appropriate deductions for income tax purposes. Seller shall provide Timken with all information and documentation required under local law to enable Timken to recover any sales, value added or similar turnover taxes. 4.3 Seller may not send invoices earlier than the date of receipt at Timken’s facility of Products or completion of Services or, in the case of consignment, the end of the consignment period as defined in Section 2.4. All invoices must include Timken’s complete purchase order number and have all necessary or required bills of lading and other shipping receipts and documents attached. 4.4 Payment terms in respect of undisputed invoices are as stated in the Agreement, or, if none are so stated, net 60 days. Any payment or discount period will be calculated from the date of receipt by Timken of an accurate and properly prepared invoice (including all required supporting documents). 4.5 In addition to any right of setoff or recoupment provided by law or equity, all amounts due to Seller shall be considered net of indebtedness of Seller and its affiliates to Timken and its affiliates, and Timken shall have the right to set off setoff against or to recoup from any amounts due to Seller and its affiliates from Timken and itsaffiliatesits affiliates.

Prices and Payment. 4.1 Prices for the Products and Services are as set forth in the Agreement. The price as so determined is the sole amount payable by Timken to Seller or any third party for the purchase of the Products or Services, and Seller shall be solely responsible for, among other things, (a) costs of raw materials, supplies or manufacture, (b) duties or similar charges, (c) insurance premiums, (d) salaries or benefits of employees, or (e) handling, packaging, shipping or storage costs. No increases or surcharges to pricing will be effective without Timken’s Xxxxxx's prior written consent. Timken expects future price reductions on account of improvements in manufacturing processes resulting in benefits including but not limited to productivity, yield, and forging weight reduction by Seller in order to remain competitive. 4.2 The price includes all applicable federal, state, provincial and local taxes other than sales or value added taxes. Seller shall issue invoices for any sales or value added taxes that Seller is required by law to collect from Timken, in a form sufficient to permit Timken to make appropriate deductions for income tax purposes. Seller shall provide Timken with all information and documentation required under local law to enable Timken to recover any sales, value added or similar turnover taxes. 4.3 Seller may not send invoices earlier than the date of receipt at Timken’s 's facility of Products or completion of Services or, in the case of consignment, the end of the consignment period as defined in Section 2.4. All invoices must include Timken’s 's complete purchase order number and have all necessary or required bills of lading and other shipping receipts and documents attached. 4.4 Payment terms in respect of undisputed invoices are as stated in the Agreement, or, if none are so stated, net 60 75 days (for MSME : 45 days). Any payment or discount period will be calculated from the date of receipt by Timken of an accurate and properly prepared invoice (including all required supporting documents). 4.5 In addition to any right of setoff or recoupment provided by law or equity, all amounts due to Seller shall be considered net of indebtedness of Seller and its affiliates to Timken and its affiliates, and Timken shall have the right to set off setoff against or to recoup from any amounts due to Seller and its affiliates from Timken and itsaffiliatesits affiliates.

Prices and Payment. 4.1 5.1 Prices for the Products and Services are as set forth in the Agreement. The price as so determined is the sole amount payable by Timken Buyer to Seller or any third party for the purchase of the Products or Services, and Seller shall be solely responsible for, among other things, (a) costs of raw materials, supplies or manufacture, (b) duties or similar charges, (c) insurance premiums, (d) salaries or benefits of employees, or (e) handling, packaging, shipping or storage costs. No increases or surcharges to pricing will be effective without TimkenBuyer’s prior written consent. 4.2 5.2 The price includes all applicable federal, state, provincial and local taxes other than sales or value added taxes. Seller shall issue invoices for any sales or value added taxes that Seller is required by law to collect from TimkenBuyer, in a form sufficient to permit Timken Buyer to make appropriate deductions for income tax purposes. Seller shall provide Timken Buyer with all information and documentation required under local law to enable Timken Buyer to recover any sales, value added or similar turnover taxes. 4.3 5.3 Seller may not send invoices earlier than the date of receipt at TimkenBuyer’s facility of Products or completion of Services or, in the case of consignment, the end of the consignment period as defined in Section 2.4Services. All invoices must include TimkenBuyer’s complete purchase order number and have all necessary or required bills of lading and other shipping receipts and documents attached. 4.4 5.4 Payment terms in respect of undisputed invoices are as stated in the Agreement, or, if none are so stated, net 60 days. Any payment or discount period will be calculated from the date of receipt by Timken Buyer of an accurate and properly prepared invoice (including all required supporting documents). 4.5 5.5 In addition to any right of setoff or recoupment provided by law or equity, all amounts due to Seller shall be considered net of indebtedness of Seller and its affiliates to Timken Buyer and its affiliates, and Timken Buyer shall have the right to set off against or to recoup from any amounts due to Seller and its affiliates from Timken Buyer and itsaffiliatesits affiliates.

Prices and Payment. 4.1 Prices for the Products and Services are as set forth in the Agreement. The price as so determined is the sole amount payable by Timken to Seller or any third party for the purchase of the Products or Services, and Seller shall be solely responsible for, among other things, (a) costs of raw materials, supplies or manufacture, (b) duties or similar charges, (c) insurance premiums, (d) salaries or benefits of employees, or (e) handling, packaging, shipping or storage costs. No increases or surcharges to pricing will be effective without Timken’s 's prior written consent. Timken expects future price reductions on account of improvements in manufacturing processes resulting in benefits including but not limited to productivity, yield, and forging weight reduction by Seller in order to remain competitive. 4.2 The price includes all applicable federal, state, provincial and local taxes other than sales or value added taxes. Seller shall issue invoices for any sales or value added taxes that Seller is required by law to collect from Timken, in a form sufficient to permit Timken to make appropriate deductions for income tax purposes. Seller shall provide Timken with all information and documentation required under local law to enable Timken to recover any sales, value added or similar turnover taxes. 4.3 Seller may not send invoices earlier than the date of receipt at Timken’s 's facility of Products or completion of Services or, in the case of consignment, the end of the consignment period as defined in Section 2.4. All invoices must include Timken’s 's complete purchase order number and have all necessary or required bills of lading and other shipping receipts and documents attached. 4.4 Payment terms in respect of undisputed invoices are as stated in the Agreement, or, if none are so stated, net 60 75 days (for MSME : 45 days). Any payment or discount period will be calculated from the date of receipt by Timken of an accurate and properly prepared invoice (including all required supporting documents). 4.5 In addition to any right of setoff or recoupment provided by law or equity, all amounts due to Seller shall be considered net of indebtedness of Seller and its affiliates to Timken and its affiliates, and Timken shall have the right to set off setoff against or to recoup from any amounts due to Seller and its affiliates from Timken and itsaffiliatesits affiliates.