Payment Policy

PAYMENT

Payment for products and services shall be made in full within seven (7) days of the date of the invoice (the due date)

Interest may be charged on any amount owing after the due date at the rate of 2.5% per month or part month.

Any expenses, disbursements and legal costs incurred by AirSmart Services Limited in the enforcement of any rights contained in this contract shall be paid by the Customer, including and reasonable solicitor’s fees or debt collection agency fees.

Receipt of a cheque, bill of exchange, or other negotiable instrument shall not constitute payment until such negotiable instrument is paid in full.

If the Customer fails to make payment on the due date, then without prejudice to any of AirSmart Services Limited Other rights AirSmart Services Limited may suspend or cancel deliveries of any other products and services to the Customer.

PAYMENT ALLOCATION

AirSmart Services Limited may in its discretion allocate any payment received from the Customer towards any invoice that AirSmart Services Limited determines and may do so at the time of receipt or at any time afterwards and on default by the Customer may reallocate any payments previously received and allocated. In the absence of any payment allocation by AirSmart Services Limited, payment shall be deemed to be allocated in such manner as preserves the maximum value of AirSmart Services Limited purchase money security interest in the Products and Services.