Common use of Prices / Payment Terms Clause in Contracts

Prices / Payment Terms. 1. The agreed prices are fixed prices. Unless otherwise agreed, payment will be made within 14 days with a 2 % discount or within 45 days net. These periods are computed from (i) the time of performance in compliance with the contract and (ii) receipt of a proper and verifiable invoice. If we receive and accept a delivery at an earlier date than the date agreed upon, the payment period begins with the agreed delivery date. Invoices are to be submitted without carbon copies but shall include the purchase order number, purchase order line, our account and customer reference, place of unloading, Supplier number, part number, number of pieces, price per piece, and volume per delivery. The Supplier agrees to participate to a credit memo procedure upon our request. 2. The Supplier is not entitled to assign a claim against us to a third party or to have such claim collected by a third party. 3. Supplier shall only have the right to set-off against any claims of us or the right of retention, if and to the extent that Supplier’s claims are undisputed by us in writing or its counterclaims are final and non-appealable evidenced by an order of court of com- petent jurisdiction. We shall have the right to set-off against claims of Supplier any claims of our related corporations within the meaning of section 6 of the Singapore Companies Act (Cap 50) or such affiliates, being any natural person or firm, corporation, partnership, association, trust or other entity which controls, is controlled by, or is under common control with. We shall also have the right to set-off claims against any claim of any related corporations of Supplier within the meaning of section 6 of the Singapore Companies Act (Cap 50). or affiliates as defined aforesaid.

Prices / Payment Terms. 1. The agreed prices are fixed prices. Unless otherwise agreed, payment will be made within 14 days with a 2 % discount or within 45 days net. These periods are computed from the later of (i) the time of performance in compliance with the contract and (ii) receipt of a proper and verifiable tax invoice. If we receive and accept a delivery at an earlier date than the date agreed upon, the payment period begins with from the original agreed delivery date. Invoices are to be submitted without carbon copies but shall include the purchase order number, purchase order line, our account and customer reference, place of unloading, Supplier number, part number, number of pieces, price per piece, and volume per delivery. The Supplier agrees to participate to a credit memo procedure upon our request. 2. The Supplier is not entitled to assign a claim against us to a third party or to have such claim collected by a third party. 3. Supplier shall only have the right to set-off against any claims of us or the right of retention, if and to the extent that Supplier’s claims are undisputed by us in writing or its counterclaims are final and non-appealable evidenced by an order of court of com- petent jurisdiction. We shall have the right to set-off against claims of Supplier any claims of our related corporations within the meaning of section 6 50 of the Singapore Companies Corporations Act 2001 (Cap 50Cth) or such affiliates, being any natural person or firm, corporation, partnershippart- nership, association, trust or other entity which controls, is controlled by, or is under common control with. We shall also have the right to set-off claims against any claim of any related corporations of Supplier within the meaning of section 6 50 of the Singapore Companies Cor- porations Act 2001 (Cap 50). Cth) or affiliates as defined aforesaid.

Prices / Payment Terms. 1. The agreed prices are fixed prices. Unless otherwise agreed, payment will be made within 14 days with a 2 % discount or within 45 days net. These periods are computed from (i) the time of performance in compliance with the contract con- tract and (ii) receipt of a proper and verifiable invoice. If we receive and accept a delivery at an earlier date than the date agreed upon, the payment period begins with the agreed delivery date. Invoices are to be submitted without carbon copies but shall include the purchase order number, purchase order line, our account and customer reference, place of unloading, Supplier number, part number, number of pieces, price per piece, and volume per delivery. The Supplier agrees to participate to a credit memo procedure upon our request. 2. The Supplier is not entitled to assign a claim against us to a third party or to have such claim collected by a third party. 3. Supplier shall only have the right to set-off against any claims of us or the right of retention, if and to the extent that Supplier’s claims are undisputed by us in writing or its counterclaims coun- terclaims are final and non-appealable as evidenced by an order of court of com- petent competent jurisdiction. We shall have the right to set-off against claims of Supplier any claims of our related corporations within the meaning of section 6 of the Singapore Companies Act corporations, being (Cap 50i) our holding company; or such (ii) our subsidiary; or (iii) any company or partnership in which Xxxxxxxxxx XX either directly or indirectly holds a majority interest (collectively defined as “Related Companies”);, or our affiliates, being any natural person or firm, corporation, partnership, association, trust or other entity which controls, is controlled by, or is under common control withwith us. We shall also have the right to set-off claims against any claim of any related corporations of Supplier within the meaning of section 6 of the Singapore Related Companies Act (Cap 50). or affiliates (as defined aforesaidabove mutatis mutandis) of our Supplier.