Common use of Post payment Clause in Contracts

Post payment. Buyer shall, upon delivery, pay one hundred per cent (100%) of the amount specified in Seller’s invoice by no later than the due date specified in Seller’s invoice. In case financial institutions (ING, RBI, EXIAR) decrease ▇▇▇▇▇’s credit limit for Seller so that it is not enough to fully cover further supplies under the Contract (which shall be confirmed via e-mail by pdf confirmation from the respective financial institution), Seller is entitled to unilaterally switch Buyer to prepayment terms of payment upon notification of Buyer within 3 Business days.

Post payment. Buyer shall, upon delivery, pay one hundred per cent (100%) of the amount specified in Seller’s invoice by no later than the due date specified in Seller’s invoice. In case financial institutions (ING, RBI, EXIAR) decrease ▇▇▇▇▇Buyer’s credit limit for Seller so that it is not enough to fully cover further supplies under the Contract (which shall be confirmed via e-mail by pdf confirmation from the respective financial institution), Seller is entitled to unilaterally switch Buyer to prepayment terms of payment upon notification of Buyer within 3 Business days.