Niedax MonoSystems, Inc. sells only to customers who request an account to be set up, have completed a credit application and have been approved for credit.
Customers are responsible for the payment of all applicable state taxes with the exception of the State of New York. Customers who have a tax-exempt certificate from the State of New York are responsible for submitting to Niedax MonoSystems.
Payment & Credit Terms
Niedax MonoSystems accepts checks, money orders, and bank wire transfers. For customers with established Niedax MonoSystems credit, payment terms are net thirty (30) days from the date of shipment or pick up. All credit extended by Niedax MonoSystems to a customer, and the limits of such credit are at Niedax MonoSystems’ sole discretion and may be reduced or revoked by vs at any time, for any reason. Export orders are subject to special export payment terms and conditions. All payments must be made in U.S. dollars.
If a customer fails to make payment within thirty (30) dates or shipment or pick-up, or fails to comply with Niedax MonoSystems’ credit terms Niedax MonoSystems may defer shipments until such payment or compliance is made, require cash in advance for any further shipments, demand immediate payment of all amounts then owed, elect to pursue collection action (including without limitation, attorney’s fees and any and all other associated costs of collection) and/or may, at its option, cancel all or any part of an unshipped order.
Customer agrees to assume responsibility for, and customer hereby unconditionally guarantees payment of, as provided herein, all purchases made by customer, its subsidiaries and affiliates. Each of the customer’s subsidiaries and affiliates purchasing from Niedax MonoSystems will be jointly and severally liable for purchases with customer, and customer is also acting as agent for such subsidiaries and affiliates.
Customer agrees that any credit balance(s) issued by Niedax MonoSystems will be applied to customer’s account within one (1) year of its issuance. IF CUSTOMER HAS NOT REQUESTED OR USED THE CREDIT BALANCE WITHIN ONE (1) YEAR, ANY REMAINING CREDIT BALANCE WILL BE CANCELLED AND NIEDAX MONOSYSTEMS SHALL HAVE NO FURTHER LIABILITY.