Tektronix, Inc.
Corporate Headquarters
00000 X.X. Xxxxxxx
X.X. Xxx 0000
Xxxxxxxxxxx, Xxxxxx 97070- 1000
503 682 - 3411
GRAPHICS PRINTING & IMAGING DIVISION
U.S. VALUE ADDED DEALER AGREEMENT
PAYMENT TERMS AMENDMENT
Effective Date: July 1, 1993
The Agreement identified above is amended as follows:
Delete Section 18, Payments., and replace with the following:
18. Payments. Dealer shall pay all amounts invoiced by Tektronix, based upon
one of the following three payment programs. Dealer shall select a payment
program at the time of order. If Dealer does not select a payment program at
the time of order, the TEK 30 Program shall automatically apply.
TEK 30 Dealer shall pay all amounts invoiced by Tektronix within thirty (30)
days from the date of the invoice. Tektronix will submit an invoice to Dealer
for each shipment at the time of shipment. A grace period of seven (7) days
will be allowed for receipt of payment, after which the invoice may be
subject to a 15% APR service charge to be accrued from the invoice due date
and/or credit hold of existing and future orders. If, in the judgment of
Tektronix, Dealer's financial condition, Dealer's record of payments or
Dealer's conduct does not justify shipment on such payment terms, Tektronix
may change the terms of sale to TEK 60 and/or refuse to ship unless it
receives payment in advance plus any amount then in arrears. A shipment
rescheduled or canceled by Tektronix due to such conditions shall be subject
to a reschedule or cancellation charge equal to 5% of the List Price of any
product affected and such charge shall be applied for each reschedule or
cancellation occurrence.
TEK 60 Dealer shall pay all amounts invoiced by Tektronix within sixty (60)
days from the date of the invoice. A 0.5% nondeductible service charge will
be included on the invoice for all equipment, supplies, maintenance
agreements or related charges billed with these terms. The service charge to
Dealer is subject to change based upon changes of the prime rate as reported
in the Wall Street Journal with thirty (30) days prior written notice and
will be reviewed quarterly, based on the Tektronix fiscal year. Tektronix
will submit an invoice to Dealer for each shipment at the time of shipment. A
grace period of seven (7) days will be allowed for receipt of payment, after
which the invoice shall be subject to a 15% APR service charge to be accrued
from the invoice due date and/or credit holds of existing future orders. If,
in the judgment of Tektronix, Dealer's financial condition, Dealer's record
of payments or Dealer's conduct does not justify shipment on such payment
terms, Tektronix may refuse to ship unless it receives payment in advance
plus any amount then in arrears. A shipment rescheduled or canceled by
Tektronix due to such conditions shall be subject to a reschedule or
cancellation charge equal to 5% of the List Price of any product affected and
such charge shall be applied for each reschedule or cancellation occurrence.
OUTSIDE FLOORING Dealer has the option of using a Tektronix authorized
outside financing company to floor transactions with Tektronix for the
purchase of material and equipment. There will be a 1.25% deduction from the
Dealer discount to use this option. The service charge to Dealer is subject
to change based upon one fifth the value of the prime rate as published in
the Wall Street Journal, with thirty (30) days prior written notice.
Except as amended herein, all other terms and conditions shall remain in full
force and effect.
THIS AMENDMENT SHALL BE DEEMED ACCEPTED AND AGREED TO BY DEALER AFTER
PLACEMENT OF AN ORDER BY DEALER ON OR AFTER JULY 1, 1993.
