Common use of Invoice Terms Clause in Contracts

Invoice Terms. Tax funded and bonded projects only, Net 30 days. All other entities required 50% down and balance Net 30. All past due amounts will be subject to a finance charge in accordance with the Texas Prompt Payment Act, Chapter 2251, Texas Government Code.

Appears in 3 contracts

Sources: Vendor Agreement, Agreement for Purchase of Play Equipment, Cooperative Purchase Customer Agreement