Common use of Payments by the Customer Clause in Contracts

Payments by the Customer. 5.1 Metcash may appropriate any moneys paid to it by the Customer in such manner and at such times as Metcash, in its absolute discretion, determines. 5.2 The amount stated in a certificate signed by Metcash's duly authorised representative or solicitor as being due and payable by the Customer to Metcash under this Agreement is prima facie evidence that such amount is owing. 5.3 Amounts payable by the Customer under this Agreement must be paid without deduction, retention or set-off of any kind and for any reason. 5.4 If an event listed in clauses 16.1 5.5 (inclusive) occurs, Metcash may, at its discretion, apply a credit balance in any of the Customer's Trading Accounts towards satisfaction of a debit balance in any of the Customer's other Trading Accounts. 5.6 Payment by cheque or other negotiable instrument is not deemed to be payment of any moneys payable until the cheque or other negotiable instrument is met on first presentation for payment.

Appears in 1 contract

Sources: Trading Terms

Payments by the Customer. 5.1 Metcash may appropriate any moneys paid to it by the Customer in such manner and at such times as Metcash, in its absolute discretion, determines. 5.2 The amount stated in a certificate signed by Metcash's duly authorised representative or solicitor as being due and payable by the Customer to Metcash under this Agreement is prima facie evidence that such amount is owing. 5.3 Amounts payable by the Customer under this Agreement must be paid without deduction, retention or set-off of any kind and for any reason. 5.4 If an event listed in clauses 16.1 5.5 6.4(a) – 6.4(h) (inclusive) occurs, Metcash may, at its discretion, apply a credit balance in any of the Customer's Trading Accounts towards satisfaction of a debit balance in any of the Customer's other Trading Accounts. 5.6 5.5 Payment by cheque or other negotiable instrument is not deemed to be payment of any moneys payable until the cheque or other negotiable instrument is met on first presentation for payment.

Appears in 1 contract

Sources: Metcash Trading Terms