Molex Engineering and Technology

of the goods sold, or services rendered shall be the usual price as set out in the MET price list at
the time of the sale of the goods.
2.2 MET has the right to change the prices of the goods from time to time without prior notice to the
customer.
2.3 All quotes remain valid for 3 (three) days from the quote date. The validity of any quote is subject to
availability.
2.4 Unless otherwise expressly stated, prices are exclusive of value added tax, which shall be for the account of
the customer.
3. PAYMENT
3.1 Payment is due immediately save for credit approved customers, in which event payment is due within the
terms as specified in the client's credit agreement.
3.2 The customer has no right to withhold payment or make set offs or deductions from any payment due by it
for any reason whatsoever. No extension of payment of any nature will be granted unless reduced to writing
and signed by the customer and a duly authorised representative of MET.
3.3 MET shall have the right to suspend deliveries and to exercise its rights in terms of clause 4 if any amount
due by the customer is unpaid.
3.4 If any amount owed is not settled in full (a) on due date (b) on demand. MET is entitled to, without
prejudice to any of its rights;
3.1.1 Immediately institute action against the customer and/or
3.4.1 Cancel the sale and take possession of any goods delivered to the customer, including goods sold or
disposed of by the customer which have not been paid for in full and claim damages.
3.5 Should any amount not be paid by the customer on due date, the full outstanding amount in respect
of all purchases by the customer shall become due and payable, and the customer shall be liable to pay
interest in respect of amount unpaid at the compound rate of a 5% (five percent) above the prime
overdraft rate of Standard Bank Limited on all overdue amounts from due date until date of payment,
calculated and payable monthly in advance.
3.6 MET reserves the right to suspend service and repairs of goods including warranty services to a customer
if any amount due by the customer is unpaid or overdue.