Common use of PURCHASE PRICE AND TAXES Clause in Contracts

PURCHASE PRICE AND TAXES. Customer shall pay to Company the purchase price set forth in the applicable Order Form (“Purchase Price”) for each item of Equipment. Customer hereby grants and Company reserves a purchase money security interest in the Equipment and the proceeds thereof as security for its obligations hereunder until payment of the full Purchase Price to Company. The Purchase Price is due and payable within thirty- (30) calendar days of shipment of the Equipment. Customer shall pay all taxes and other governmental charges assessed in connection with the sale, use or possession of the Equipment including, without limitation, any and all sales and/or use taxes and personal property taxes (other than taxes based solely on Company’s net income).