Payment and Credit Terms
R.S. Hughes Company, Inc. ("R.S. Hughes") accepts cash, company checks, electronic payments, wire transfers, Visa, MasterCard, Discover, and American Express. For customers with established R.S. Hughes credit, payment terms are net thirty (30) days from the date of shipment or pick‑up. All credit extended by R.S. Hughes to customer, and the limits of such credit, is at R.S. Hughes’ sole discretion, and may be reduced or revoked by R.S. Hughes at any time, for any reason. R.S. Hughes reserves the right to charge a convenience fee for late payments. R.S. Hughes further reserves the right to charge customer a late payment fee at the rate of one and one‑half percent (1‑1/2%) of the amount due for each month or portion thereof that the amount due remains unpaid, or such lesser amount as may be permitted under applicable law. Anticipation and cash discounts are not allowed. All payments must be made in U.S. dollars. R.S. Hughes shall have the right of set‑off and deduction for any sums owed by customer to R.S. Hughes.
If customer fails to make payment within thirty (30) days of shipment or pick‑up, or fails to comply with R.S. Hughes' credit terms, or fails to supply adequate assurance of full performance to R.S. Hughes within a reasonable time after requested by R.S. Hughes (such time as specified in R.S. Hughes' request), R.S. Hughes 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, attorneys’ 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 customer’s subsidiaries and affiliates purchasing from R.S. Hughes will be jointly and severally liable for purchases with customer, and customer is also acting as agent for such subsidiaries and affiliates.
Credit Balance. Customer agrees that any credit balance(s) issued by R.S. Hughes will be applied to customer’s account within two (2) years of its issuance. IF CUSTOMER HAS NOT APPLIED FOR OR REQUESTED THE CREDIT WITHIN TWO (2) YEARS, ANY REMAINING CREDIT BALANCE(S) WILL BE SUBJECT TO CANCELLATION, AND R.S. HUGHES SHALL HAVE NO FURTHER LIABILITY.