Standard Payment Terms definition

Standard Payment Terms means, in relation to a qualifying contract—

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Standard Payment Terms means in respect of each party, that party's standard terms as to payment of invoices or charges (including the frequency with which invoices may be rendered, the period of time in which an invoice must be paid, and any interest which may be charged in respect of late payment) which it offers its customers; Users has the meaning ascribed to it in the Act; USPA Condition means a condition imposed by Ofcom under section 38 of the Act; Withdrawal Date has the meaning ascribed to it in clause 10.12; Withdrawal Notice has the meaning ascribed to it in clause 10.11; Withdrawing Party has the meaning ascribed to it in clause 10.11;

Standard Payment Terms means the payment terms predominantly used by MPC's brand jobber class of trade. In illustration, and not in limitation, of the foregoing, as of the date of this Agreement, the payment terms predominately used by MPC's brand jobber class of trade are payment terms of [***].

Examples of Standard Payment Terms in a sentence

• Standard Payment Terms 30 days from invoice date unless otherwise stated.

• The County of Monterey Standard Payment Terms for contracts/PSAs and paying invoices is “30 days after receipt of the certified invoice in the Auditor-Controller’s Office”.

• Standard Payment Terms are Net 30 days, unless otherwise specified in advance of order acceptance.

• If Client orders Tech Services on what ▇▇▇▇▇▇ Labs considers to be Standard Payment Terms, ▇▇▇▇▇▇ Labs will expect payment within 30 days of the date of the Client’s invoice, indicated as Net 30.

• TSI TelSys letter dated September 16, 1997, detailing the Standard Payment Terms for Cornes purchase orders.

• Director, Contracts and Procurement Attachments: International Sales Representative Agreement September 16, 1997 Standard Payment Terms October 7, 1997 Cornes Agreement to Standard Payment Terms November 4, 1997 Confirmation of Standard Payment Terms cc: Kent K▇▇▇ ▇▇▇▇▇▇▇▇▇, Counsel (w/attachments) TSI TelSys Terms - Cornes - Rev 5 - 12/2/97 Exhibit B TSI TELSYS INC.

• Standard Payment Terms are due in full with an order submission by the customer (aka ‘Cash Basis’).

• ENVIROSAFE shall pay ANSCOTT the price for such services in accordance with Standard Payment Terms of payment in full after services rendered and prior to shipment, or as otherwise mutually agreed by the Parties, as set forth in the Purchase Order.

• Extra Time refers to the extension of the due date of a single order beyond Standard Payment Terms.

• Any such payment terms shall relate only to the Contract for which they were agreed, and all subsequent Contracts shall be subject to the Standard Payment Terms unless otherwise agreed.

More Definitions of Standard Payment Terms

Standard Payment Terms the payment terms specified as the Standard Payment Terms in the Schedule to the Agreement

Standard Payment Terms means the Owner’s standard terms for payment, being 30 days following acceptance of the items or work to which the payment relates, or receipt of an invoice by Accounts Payable, whichever is later.