Common use of Order Payment Clause in Contracts

Order Payment. BLP will invoice ISTA for each order of Product upon shipment of the Product. Invoices shall be due and payable within [*] of the date of BLP's invoice. In the event that any undisputed invoice is not paid when due, ISTA agrees to pay a "late charge" on the unpaid delinquent balance at an interest rate of [*], but in no event more than the maximum rate permitted by law.