TERMS OF CREDIT a. Unless otherwise provided in the invoice, all amounts due must be paid upon receipt at the gross invoice price. All payments shall be in U.S. Dollars by Customer check, Bank check or wire transfer cleared by issuing U. S. Bank.
b. If an invoice is not paid when due, the Customer shall pay interest at the rate of 1.5 % per month (18% APR) on all past due invoices. The rate of interest shall not exceed the maximum rate of interest permitted by law. All interest charges shall be due upon the Customer’s receipt of the billing statement.
c. At Mastoloni’s option, payments received may be applied first to any interest due and then to the oldest principal balance of any of the Customer’s invoices, whether or not any invoices are then past due.
d. In the event the Customer’s account is referred to a collection agency or attorney, Mastoloni shall be entitled to recover and the Customer shall pay all collection expenses, commissions and attorney fees and disbursements, whether or not litigation is commenced.
x. Xxxxxxxxx may at time-to-time at your direction, in our sole and absolute discretion, consign pearls, diamonds, other precious stones, jewelry, and other merchandise (collectively ‘Merchandise’) to you. It is anticipated that each consignment of Merchandise to you will be accompanied by our standard form of memorandum. This application will confirm our understanding and agreement that (i) each delivery of Merchandise to you by us, whether made prior to the date hereof or after the date hereof, is made subject to all of the terms of the standard Mastoloni Consignment Memorandum, and (ii) your execution of this Credit Application and Agreement and receipt of any goods constitutes your acceptance of all the terms of the Memorandum.
TERMS OF CREDIT. All credit terms are net 30 days from date of invoice. Any deductions from the net invoice amount must be approved by a representative of Xxxxxxx authorized to make such changes. If c r e di t is extended to Buyer, Xxxxxxx reserves the right to revoke such credit if Xxxxx fails to make timely payment for any goods delivered. Xxxxxxx reserves the right to require payment or other assurances which it deems necessary prior to the shipment of any goods, if, in Xxxxxxx' s opinion, exercised in Xxxxxxx' s subjective, good faith judgment, the Buyer' s financial condition has deteriorated or the risk of non-payment has otherwise increased. Credit is subject to approval upon receipt of completed credit application. Any goods shipped prior to credit approval shall be shipped C.O.D., " Cashier' s Check" , or pre-payment. A $25.00 charge will be applied for each returned check. Goods may not be returned for credit unless Xxxxxxx has granted prior authorization and an authorization number. A 1% per month charge will be assessed on past due amounts.
TERMS OF CREDIT. 6.1. Whilst the Agreement subsists the Supplier will be entitled to validate the ongoing financial stability of the Buyer at such intervals as it reasonably considers necessary. The Buyer will give its full co-operation to the Supplier in this regard including but not limited to the granting of reasonable access to the financial accounts and records of the Buyer.
6.2. The Buyer will notify the Supplier immediately if a Material Adverse Circumstance arises, or if any of the events referred to in clauses 16.2.1 or 16.2.2 occurs in relation to it.
6.3. If:
(a) the Supplier does not hold Credit Support for the Buyer's obligations (whether for the price, the CSO obligation, any possible Supplemental Payment, applicable VAT or otherwise) under this Agreement;
(b) Buyer gives notice under clause 5.2; or
(c) Supplier considers in its sole discretion that:
i. a Material Adverse Circumstance has arisen;
ii. that any of the events referred to in clauses 15.2.1 to 15.2.3 has occurred: or iii. that any Credit Support already held by it is inadequate or otherwise unacceptable to it (whether by reason of its amount being insufficient, or the party supplying such payment security no longer being able to fulfil its obligations under that Credit Support in the reasonable opinion, or otherwise howsoever), the Supplier may in its sole discretion require the Buyer immediately to provide Credit Support or additional Credit Support acceptable to the Supplier to be provided in a forms specified by the Supplier on terms and in an amount satisfactory to the Supplier, in each case in its sole discretion. The Supplier may suspend supply of Product to the Buyer performance of its obligations until such Credit Support is provided (without limitation to its other rights).
6.4. Without limiting the generality of the above, and notwithstanding any other provision of these GTCs, where the accumulated total of outstanding monies owed by the Buyer (whether under the Agreement or otherwise) and inclusive of excise duty and VAT):
i. already exceed the value of the Credit Support held by the Supplier; or the prevailing Credit Limit; or
ii. could exceed such Credit Limit or value of that Credit Support if any Order proposed by the Buyer was accepted (and the Goods thereunder were accordingly delivered and invoiced); then for the avoidance of doubt the Supplier shall be entitled to refuse such offer of Orders and to make deliveries under any Order already accepted for such time as any of the afor...
TERMS OF CREDIT. 4 (A) The Notes....................................... 4 (B) Interest Rate................................... 4 (C) Prepayment...................................... 7 (D) Fees............................................ 8 (E) Letters of Credit............................... 10 (1) Requests............................... 10 (2)
TERMS OF CREDIT. You agree to pay the total amount due as shown on the invoice on or before the 15th of the month following the month in which the purchase was made. Any amount not paid within this time shall be past due and subject to a late charge of 1 1/2% per month or the maximum rate allowed by law, whichever is lower.
TERMS OF CREDIT. If credit is approved by Creditor and credit extended from time to time, any balance owing as of the end of any calendar month is due and payable by the tenth (10th) day of the following calendar month. Interest will be charged on all balances more than 20 days past due at the annual rate of 15%. Any account with a balance more than 20 days past due may be put on COD. All company accounts must be personally guaranteed. The applicant and guarantor authorize periodic credit research. The terms of the account are subject to our posted policy for returned goods. In the event that any check you furnish is not honored by your bank, for any reason, you agree to reimburse us for any expense we incur and pay us $30 for our inconvenience, in each instance. We may in our sole discretion apply payments first to any unpaid interest, and then to the oldest charges owing on the account. In the event that you fail to pay as agreed, the Customer shall be liable for, and shall pay us, all reasonable collection expenses and fees incurred by us, including attorneys fees and expenses. Credit References Bank Name Branch Contact Phone Account # Please list names and addresses of Inventory Suppliers, and other Places of Business which have extended business credit to Applicant:
TERMS OF CREDIT. 14 2.1 ADVANCING COMMITMENT.......................................14 2.2
TERMS OF CREDIT. Each invoice is due & payable within 30 days from the invoice date. 2. If equipment rented for more than 4 weeks, periodic invoices will be issued for rental charges due.
TERMS OF CREDIT. All accounts are issued and maintained in strict accordance with the company's terms of credit, which are as follows:
a) Accounts are due when rendered and payment is required within 28 days of the invoice.
b) An understanding that the minimum annual payments to the company in respect of carriage charges for all services will amount to a minimum of £3000.00 per annum exclusive of V.A.T., and should that sum not be achieved the account facilities may at the company's discretion be immediately reviewed.
c) The account facilities are granted for an initial period of three months, and will continue thereafter subject to the terms and conditions being met in full, a satisfactory payment pattern and any response from referees as required.
d) Account customer invoices carry V.A.T. at the standard rate.
e) All invoices issued by the company are deemed correct unless queried within 14 days of the date of the invoice.
f) The customer shall not be entitled to defer or withhold the payment of any monies due or liabilities incurred to the company, by reason of having any claim or counterclaim, or any alleged claim or counterclaim, and the customer shall not under any circumstances be entitled to any rights of set-off in relation thereto.
TERMS OF CREDIT. The Debtor / Applicant states that it has disclosed the above information for the purpose of obtaining credit and it warrants that is true. Any misrepresentation as to the information requested shall be grounds for denial of credit or immediate revocation of credit. In consideration of any extension of credit by Kaleidoscope Imprints, Inc., I/We agree to the terms of the sale, return policy and the following terms of credit:
