Prices; Payment; Credit Terms. Buyer shall bear, in addition to the purchase price, the amount of any freight, insurance, handling and other duties levied on the shipment of Products. Xxxxx agrees to remit payment in full to the address provided on the Seller's invoice for all shipments, including shipments of any portion of the Products ordered, upon receipt of invoice. Payment is due net thirty (30) days from the date of Seller’s invoice. All payments shall be made in Euro. This obligation shall not be contingent upon the completion of any installation services included in the purchase price. No cash discounts will be granted. Account balances not paid when due shall bear simple interest until paid at the lower of 1.5% per month or the maximum prevailing legal interest rate calculated from date of delin- quency. In the event Seller finds it necessary to refer an account to an attorney or an agent for collection of delinquent accounts, Buyer shall pay all costs of collection including, without limitation, reasonable attorneys’ fees. Seller re- serves the right at any time to revoke any credit extended to Buyer, change the credit terms provided herein or cancel Buyer’s order because of Buyer’s failure to pay for any Products when due or for any reason deemed good and sufficient by Seller and in such event all subsequent shipments shall be suspended until Xxxxx’x account is current or so declared, or cancelled at Seller’s option. If Seller chooses to change Xxxxx’x credit terms and, within thirty (30) days of receipt of written notice of change to credit terms, Buyer fails to agree to and comply with different terms of credit, and/or fails to give adequate assurance of due performance, Seller may (a) by notice to Buyer, treat such failure or refusal as a repudiation by Buyer of the portion of the purchase order not then fully performed, whereupon Seller may cancel all further deliveries and any amounts unpaid hereunder shall immediately become due and paya- ble; or (b) make shipments under reservation of a demand for advance payment or payment against tender of docu- ments of title. If Seller cancels Buyer’s Order due to Buyer’s non-performance, Seller shall invoice Buyer for the price applicable to the quantity actually purchased.
