Net 30 definition

Net 30 means 30 calendar days from the receipt of good and/or services, or the receipt of invoice
Sample 1Sample 2
Net 30 means that GSL is extending limited credit to Customer for a period not to exceed 30 days after shipment of the goods or completion of GSL’s work or services. Payment under Net 30 terms is due 30 calendar days after the date of GSL’s invoice. Unless otherwise specified in the Proposal, invoices under Net 30 terms generally will be issued upon shipment of the goods or, in case of work or services, periodi- cally during performance of the work or services in proportion to the value of the work or services completed during the preceding billing period. (2) A “down” payment means that Customer must prepay the indicated percentage of the total estimated Contract price, including estimated shipping costs, before GSL is re- quired to identify any goods to the Contract or to perform any work or services. (3) “Due upon delivery” means that Customer must pay the indicated percentage of the total estimated Contract price upon receipt of the goods and before Customer can take possession of the goods. Notwithstanding any differing payment terms specified in the Proposal GSL at all times reserves the right to ship goods C.O.D. (4) “100% pre-pay” means that Customer must pay the total estimated Contract price, including estimated shipping costs, before GSL is required to identify any goods to the Contract or to commence any work or services. Unless the Contract price is expressly identified in the Proposal as a firm fixed price, notwithstanding any prepayment Customer remains responsible for payment of any amounts in excess of the prepaid amount. Unless specifically prohibited, partial shipments maybe made in GSL’s discretion. Payment terms are subject to a satisfactory credit investigation. Quoted price is based on payment by cash, check, direct deposit, or wire transfer. Except where prohibited or limited by law, payments by credit card on orders over $3,000 will be subject to a 3.5% surcharge. Federal, state and/or local taxes imposed by any jurisdiction, duties and other charges are excluded from any quoted prices, and are the responsibility of the Customer. All prices are in US Dollars unless otherwise noted on applicable invoices. If Payments are not made within thirty (30) days after date of invoice, a SERVICE CHARGE OF ONE AND ONE HALF (1.5) PERCENT PER MONTH (18% PER ANNUM) or the maximum rate permitted by law, whichever is less, will be charged on any unpaid balance. Service charges may be compounded.
Sample 1
Net 30 means 30 calendar days from the receipt of goods and/or services, or the receipt of any invoice by the GCCVB, GCCVB representative, Accounts Payable, whichever occurs later.
Sample 1

Examples of Net 30 in a sentence

  • Payments shall comply with the requirements of A.R.S. Titles 35 and 41, Net 30 days.

  • The County payment terms are Net 30 days unless a cash discount is allowed for payment within not less than twenty (20) days.

  • The City will pay the Contractor, upon submission of proper invoices, the prices stipulated in the Contract for services rendered and accepted, less any deductions provided in this Contract within 30 days (Net 30).

  • Net Terms for periods less than 45 days (Ex. Net 30) may result in bid rejection.

  • Payment terms are Net 30 days from receipt of an error-free invoice with all applicable supporting documentation.

  • Payment terms are Net 30 days from the date the State receives an error-free invoice with all necessary and complete supporting documentation.3. Contractor shall submit detailed invoices itemizing all work performed during the invoice period, including the dates of service, rates of pay, hours of work performed, and any other information and/or documentation appropriate and sufficient to substantiate the amount invoiced for payment by the State.

  • Payment terms are Net 30 days from the date the State receives an error-free invoice with all necessary and complete supporting documentation.

  • Unless otherwise specified in the Scope of Services or otherwise agreed to in writing by the City, payment terms for the City are Net 30 days upon receipt of invoice.

  • The normal terms of payment will be Net 30 Days from receipt and acceptance of goods or services and Bidder’s invoice.

  • Payments shall comply with the requirements of A.R.S. Titles 35-342 and 41, Net 30 days.


More Definitions of Net 30

Net 30 means 30 calendar days from the receipt of good and/or services, or the receipt of invoice by USO Disbursements, whichever occurs later.
Sample 1
Net 30 means that we anticipate payment 30 days from date of invoice. You will be charged a 1.5% late fee on the unpaid amount of the delinquent invoice.
Sample 1
Net 30 means that the invoice must be paid within 30 days.
Sample 1

Related to Net 30

  • Net meter means an appropriate energy meter capable of recording both import & export of electricity or a pair of meters one each for recording the import and export of electricity as the case may be;

  • Net metering customer means a customer of the electric distribution company

  • Net Invoice Price means the price paid by You for Your Vehicle including all factory fitted accessories and any discount given but excluding retailer fitted accessories, road fund licence, new vehicle registration fee, fuel, paintwork and / or upholstery protection kits, insurance premiums (including this Premium), warranty premiums and any such associated costs and any Negative Equity.

  • Net Sales Revenue shall have the meaning as set out in Schedule "A"

  • Net Metering Net metering refers to customers who sell electricity they produce, typically through a rooftop solar panel, back to the utility for credit. If you are a net metering customer, you should not enroll with XOOM because your net metering agreement will not transfer to XOOM once you enroll.

  • Landed Resources means when the Contractor or its Sub-contractor causes foreign nationals to be brought to the United Kingdom, to provide the Services.

  • Sales Revenue means receipts from the sale, lease, or rental of goods, services, or property;

  • Data Universal Numbering System +4 (DUNS+4) number means the DUNS number assigned by D&B plus a 4- character suffix that may be assigned by a business concern. (D&B has no affiliation with this 4-character suffix.) This 4-character suffix may be assigned at the discretion of the business concern to establish additional SAM records for identifying alternative Electronic Funds Transfer (EFT) accounts for the same parent concern.

  • Data Universal Number System (DUNS) Number means the 9-digit number assigned by Dun and Bradstreet, Inc. (D&B) to identify unique business entities.

  • Sales Report means a report in substantially the form set forth in Exhibit B “Royalty Report Form”.

  • Contract Quarter means a three-month period that commences on January 1, April 1, July 1, or October 1 and ends on March 31, June 30, September 30, or December 31, respectively.

  • Gross Standard Volume as herein used means volume corrected to a temperature of sixty degrees (60°) Fahrenheit, in accordance with the latest API/ASTM measurement standards, and at equilibrium vapor pressure.

  • Operating parameter value means a minimum or maximum value established for a control device or process parameter that, if achieved by itself or in combination with one (1) or more other operating parameter values, determines that an owner or operator has complied with an applicable emission limit.

  • Data Universal Numbering System (DUNS) number means the 9-digit number assigned by Dun and Bradstreet, Inc. (D&B) to identify unique business entities.

  • Net Revenues means the difference between:

  • Net Revenue means an entity’s total revenue less its operating expenses, interest paid, depreciation, and taxes. “Net Revenue” is synonymous with “Profit.”

  • Annual Net Sales means, with respect to any Calendar Year, the aggregate amount of the Net Sales for such Calendar Year.

  • Gross Calorific Value of “GCV” shall mean that quantity of heat expressed in Kilowatt- hour produced by the complete combustion of one (1) normal cubic metre of Natural Gas at twenty-five (25) degrees Celsius and an absolute pressure of one decimal zero one three two five (1.01325) bar with excess air at the same temperature and pressure as the Natural Gas when the products of combustion are cooled to twenty-five (25) degrees Celsius and when the water formed by combustion is condensed to the liquid state and the products of combustion contain the same total mass of water vapor as the Natural Gas and air before combustion.

  • Net Sales means [***].

  • Gross Sales means the sum total of all retail sales of tangible personal property or services as

  • COGS means the cost of goods sold as determined in accordance with U.S.GAAP;

  • Gross Sales Price with respect to each sale of Shares sold pursuant to this Agreement shall be the gross sales price per share of such Shares.

  • Data Universal Numbering System+4 (DUNS+4) number means the DUNS number means the number assigned by D&B plus a 4-character suffix that may be assigned by a business concern. (D&B has no affiliation with this 4-character suffix.) This 4- character suffix may be assigned at the discretion of the business concern to establish additional SAM records for identifying alternative Electronic Funds Transfer (EFT) accounts (see the FAR at Subpart 32.11) for the same concern.

  • Gross Profit means the sum produced by adding to the “net profit” the amount of the Insured “standing charges”, or if there be no “net profit”, the amount of the Insured “standing charges” less such a proportion of any net trading loss as the amount of the Insured “standing charges” bears to all the “standing charges” of the business.

  • Forecast GDP means the average forecast for British Columbia’s real GDP growth made by the Economic Forecast Council and as reported in the annual February budget of the government;

  • Net Sales Price means the gross billing price of any PRODUCT received by Licensee or its SUBLICENSEE for the sale or distribution of any PRODUCT, less the following amounts actually paid by Licensee or SUBLICENSEE: