Retailer Payment Terms Sample Clauses
The 'Retailer Payment Terms' clause defines the conditions and timelines under which a retailer must pay for goods or services received from a supplier. Typically, this clause specifies the due date for payment, acceptable payment methods, and any applicable discounts or penalties for early or late payments. By clearly outlining these terms, the clause helps prevent disputes over payment timing and ensures both parties have a mutual understanding of their financial obligations.
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Retailer Payment Terms. Unless otherwise provided for elsewhere in this Agreement, any amounts payable by Retailer to Bank under this Agreement will be due when invoiced by Bank and shall be paid in immediately available funds within fifteen (15) days after the date of such invoice. Unless the parties otherwise agree, Retailer will transfer funds payable to Bank under this Section 3.4 via wire transfer to a deposit account maintained in Bank’s name pursuant to written instructions delivered to Retailer by Bank.
Retailer Payment Terms. Unless otherwise provided for elsewhere in this Agreement, any amounts payable by Retailer to Bank under this Agreement will be due when invoiced by Bank and shall be paid in immediately available funds within fifteen (15) days after receipt of such invoice. Unless the parties otherwise agree, Retailer will transfer funds payable to Bank under this Section 3.3 via wire transfer to a deposit account maintained in Bank’s name pursuant to written instructions delivered to Retailer by Bank. Neither the issuance of the Letter of Credit under Section 4.4 nor any drawing thereunder shall limit Bank’s rights under this Section 3.3.