Prices and Payment Terms definition
Prices and Payment Terms is replaced in Article 2.1.2 “Specific conditions” by the following:
Prices and Payment Terms. Standard payment terms require payment in full within 30 days of shipment. Payment terms may be evaluated and adjusted to credit card terms or extended terms based on payment history and financial review of the Customer. Customer hereby grants permission to Merz to charge Customer’s credit card for the automatic Product orders. Applicable sales tax will be invoiced unless Customer supplies a valid tax-exempt certificate prior to delivery. While packaged pricing may be quoted to Customer and/or displayed on Customer’s sales agreement cover page, individual product pricing and applicable discounts will be listed on the subsequent Merz invoice(s) provided to Customer. Applicable shipping, handling, and other taxes will be added to the final invoice price for each order. Customer may utilize a credit card from Customer’s practice which is different from Customer’s own credit card, but Customer understands and agrees that: (1) Customer is responsible for use and administration of the Product; and (2) ▇▇▇▇ will hold Customer jointly and severally liable for all outstanding balances hereunder in the event that such third-party credit card is declined for any reason. If Merz us unable to charge the designated credit card on the applicable deadline, then Customer’s account shall accrue interest at the rate of 1.5% per month on the balance due or, if less, the maximum rate permitted by law. Merz reserves the right to change Product prices and discontinue Products without prior notice. If Customer fails to fulfill the terms of payment or does not meet ▇▇▇▇’▇ continuing credit requirements, Merz will have the option to do one or more of the following: (i) decline to accept orders or fulfill pending orders; (ii) require all pending and future orders to be on a prepaid basis; (iii) delay any shipment until payment is received by Merz or further assurances asked for by Merz are received; (iv) declare all outstanding sums immediately due and payable; or
Examples of Prices and Payment Terms in a sentence
The cost of Included Core Services is included in the purchase price of Products as set forth in Article 10 (Prices and Payment Terms).
Except for Section 3, Prices and Payment Terms, this Agreement may not be altered, amended, modified or a provision hereof waived except in writing signed by both parties.
By: Name: Title: Attest: Name: Title: By: ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, Chairman Board of Commissioners Attest: ▇▇▇▇▇ ▇ ▇▇▇▇▇, Clerk Exhibit A - Product Descriptions, Prices and Payment Terms and Pictometry License Terms Pictometry International Corp.