Common use of ACCOUNTS AND PAYMENT Clause in Contracts

ACCOUNTS AND PAYMENT. 9.1 Unless otherwise agreed in writing the price of the Goods shall be paid in cash on or before delivery. 9.2 Where the Company agrees in its sole discretion to supply the Goods on credit, the Goods shall be paid for not later than thirty (30) days from the date of invoice. The Company reserves the right to close the account or withhold further supplies of the Goods if a Contracting Party fails to pay within the thirty (30) day period, without prejudice to any existing rights the Company may have in respect of any such unpaid invoice. 9.3 The Company reserves the right to charge compound interest on overdue invoices at 2% above the current Bank of Ireland rate (calculated from the date of invoice) which said right shall not be determined by the fact that the Company has subsequently or still is supplying Goods to the Contracting Party on credit. 9.4 All charges incurred by the Company in the recovery of overdue monies by means of a solicitor, authorised debt collector or the courts will be payable by the Contracting Party. 9.5 Any query concerning accounts should be notified, in accordance with Condition 6, failing which the Company will look for payment of all due invoices, with any queries being resolved at a later date. Where unresolved queries remain, the undisputed balance should be paid to avoid interest charges on overdue undisputed balances. 9.6 Extensions to the normal thirty (30) day credit terms may only be authorised in writing by a Company Director. 9.7 Where the Company has authorised the issue of a credit and re-invoice, the thirty (30) day credit terms apply to the original invoice date.

ACCOUNTS AND PAYMENT. 9.1 9.1. Unless otherwise agreed in writing the price of the Goods shall be paid in cash on or before delivery. 9.2 9.2. Where the Company agrees in its sole discretion to supply the Goods on credit, the Goods shall be paid for not later than thirty (30) days from the date of invoice. The Company reserves the right to close the account or withhold further supplies of the Goods if a Contracting Party fails to pay within the thirty (30) day period, without prejudice to any existing rights the Company may have in respect of any such unpaid invoice. 9.3 9.3. The Company reserves the right to charge compound interest on overdue invoices at 2% above the current Bank of Ireland rate (calculated from the date of invoice) which said right shall not be determined by the fact that the Company has subsequently or still is supplying Goods to the Contracting Party on credit. 9.4 9.4. All charges incurred by the Company in the recovery of overdue monies by means of a solicitor, authorised debt collector or the courts will be payable by the Contracting Party. 9.5 9.5. Any query concerning accounts should be notified, in accordance with Condition 6, failing which the Company will look for payment of all due invoices, with any queries being resolved at a later date. Where unresolved queries remain, the undisputed balance should be paid to avoid interest charges on overdue undisputed balances. 9.6 9.6. Extensions to the normal thirty (30) day credit terms may only be authorised in writing by a Company Director. 9.7 9.7. Where the Company has authorised the issue of a credit and re-invoice, the thirty (30) day credit terms apply to the original invoice date.