Common use of INVOICES AND TERMS OF PAYMENT Clause in Contracts

INVOICES AND TERMS OF PAYMENT. (a) Products and Licensed Materials (including transportation charges and taxes, if applicable) will be billed by Seller when shipped, or as soon thereafter as practicable. Engineering will be billed with the initial shipment of Product(s). Installation will be billed as performed or as soon thereafter as practical. Payment in full for all invoiced or billed amounts is due for receipt by Seller within thirty (30) days of the invoice or bill ▇▇▇e. All payments other than EFT payments described in subsection (c) below shall be forwarded to Seller at the following address: If by regular mail: Lucent Technologies Inc. P.O. ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇-▇▇▇▇ Attn: Accounts Receivable If by overnight courier: NationsBank Account Number 143049062 6000 ▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇.▇. ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ (▇) Bill ▇▇▇ Hold Products will be invoiced by Seller upon the earlier of (i) completion of assembly at Seller's facility or (ii) upon stocking at Customer's designated location. Such invoice will serve as Seller's notification that Bill ▇▇▇ Hold Products are complete and ready to be released by Customer for final shipment. The date of the invoice, which shall be the stocking date, shall be deemed the warranty start date. (c) Customer shall have the right to pay any amounts due Seller hereunder using Electronic Funds Transfer ("EFT") Seller reserves the right to cancel the Customer's right to pay using EFT with thirty (30) days notice to the Customer. (d) EFT payments by Customer shall be made to the following account of Seller or such other account as is subsequently designated by Seller in writing and, concurrent with the EFT payment, Customer shall fax a copy of the [federal wire instructions/remittal]to Seller's Manager Cash Operations at 770-7504288. Lucent Technologies Proprietary