Common use of Payment Terms and Billing Clause in Contracts

Payment Terms and Billing. Payment is due 90 days from shipping date to permit collection from customers. Payment will be made in U.S. Dollars to ▇▇▇▇▇▇. Payment will be made by irrevocable and confirmed letter of credit until approval can be attained from COFACE. Late payment will incur * * * per month penalty charge. * * * Confidential Treatment Requested

Appears in 2 contracts

Sources: Distributor Agreement (Vista Medical Technologies Inc), Distributor Agreement (Vista Medical Technologies Inc)