Event of Default Remedies: In the event Purchaser fails to pay the Purchase Price or any other amount when due or perform its other obligations under these Terms or as otherwise mutually agreed in writing between Purchaser and Syneron Candela (each such event, an “ Event of Default”), then Syneron Candela may take any and all actions available under law or equity to collect said amounts with a ten (10) day prior written notice, including, but not limited to, enforcing its security interest, accelerating the payment of and declaring immediately due and payable any unpaid balance of the Purchase Price, referral to outside collection agencies and/or commencement of legal action.Purchaser shall pay Syneron Candela the sum of Fifty Dollars ($50.00) per check for any check returned due to non-sufficient funds. All amounts owed by Purchaser shall be paid in full without setoff. Overdue payments shall be subject to finance charges, computed at a periodic rate equal to the lesser of (i) Libor + 2% per month or (ii) the highest rate permitted under applicable law, payable upon Syneron Candela demand. Syneron Candela reserves the right to withhold warranty service and any extended warranty services, to the extent any payments are overdue. Syneron Candela shall be entitled to require full or partial payment in advance. Dollars, by bank transfer, cash, or certified check. Terms of Payment: Purchaser will pay Syneron Candela’s invoice in full in U.S.Purchase Price: The purchase price for the Equipment is set forth in the Purchase Agreement (the “ Purchase Price”), which Purchase Price is exclusive of all excise, sales, use and other taxes imposed by any federal, state, provincial, municipal or other government authority (collectively, the “ Taxes”), all of which Taxes shall be paid by Purchaser unless Purchaser has provided to Syneron Candela a valid certificate of exemption from any such Taxes on the purchase of the Equipment.Equipment Purchase: Syneron Candela agrees to sell and Purchaser agrees to purchase the equipment, products and services listed on the Purchase Agreement (collectively, the “Equipment”).These Terms and Conditions of Sale (“ Terms”) are by the Syneron Candela group company named in the Purchase Agreement (“ Syneron Candela”) to the purchaser (“ Purchaser”) under the Purchase Agreement (“ Purchase Agreement”) to which these Terms are attached and incorporated by this reference.
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