Common use of Purchase Price and Terms of Payment Clause in Contracts

Purchase Price and Terms of Payment. a. Materials shipped against this Agreement shall be invoiced at the price set forth in the Order. Unless otherwise specified on the Order, payment of the purchase price shall be due 60 days after the later of Xxxxx’s receipt of Seller’s correct invoice for such shipment or the date on which the Materials are received by Buyer. Seller agrees that it will take no adverse action against Buyer for any invoices not paid resulting from Xxxxxx’s failure to obtain or clearly reference the Order / delivery note numbers on the applicable invoices or accurately invoice Buyer. b. The purchase price for the Materials shall include all taxes, customs duties, customs fees or other governmental charges due with respect to the Materials. Buyer shall, however, pay for any taxes that it is statutorily required to pay. Seller shall provide Buyer with documentation satisfactory to Buyer that establishes Buyer’s statutory liability to pay such taxes. If Seller fails to provide such documentation, Buyer shall not be obligated to pay any suchtaxes. c. Seller shall be responsible for all shipping and insurance costs, including without limitation, packing, crating, cartage and freight costs, as per the Order. d. Buyer may set off any amount owing at any time from Seller to Buyer or any of its affiliates against any amount payable at any time by Buyer.

Purchase Price and Terms of Payment. a. Materials shipped against this Agreement shall be invoiced at the price set forth in the Order. Unless otherwise specified on the Order, payment of the purchase price shall be due 60 days after the later of Xxxxx’s receipt of Seller’s correct invoice for such shipment or the date on which the Materials are received by Buyer. Seller agrees that it will take no adverse noadverse action against Buyer for any invoices not paid resulting from Xxxxxx’s failure to obtain or clearly reference the Order / delivery note numbers on the applicable invoices or accurately invoice Buyer. b. The purchase price for the Materials shall include all taxes, customs duties, customs fees or other governmental charges due with respect to the Materials. Buyer shall, however, pay for any taxes that it is statutorily required to pay. Seller shall provide Buyer with documentation satisfactory to Buyer that establishes Buyer’s statutory liability to pay such taxes. If Seller fails to provide such documentation, Buyer shall not be obligated to pay any suchtaxes. c. Seller shall be responsible for all shipping and insurance costs, including without limitation, packing, crating, cartage and freight costs, as per the Order. d. Buyer may set off any amount owing at any time from Seller to Buyer or any of its affiliates against any amount payable at any time by Buyer.