AAPL » Topics » PRICES AND PAYMENT

These excerpts taken from the AAPL 10-K filed Dec 19, 2003.
PRICES AND PAYMENT

6.1           Prices for Products shall be as determined between IBM and Apple.  Apple or IBM will notify Designee of the price of each Product Designee is authorized to purchase.

6.2           Invoices and Payments.  IBM or its Plant shall invoice the Designee after the Products have been shipped, or the Services provided.  Payment will be due within thirty (30) days after the date of invoice.  Late payment of invoices may be assessed a charge equal to the lesser of one

 

[**] = information redacted pursuant to a confidential treatment request.  Such omitted information has been filed

separately with the Securities and Exchange Commission.



and one-half percent (1.5%) per month or the statutorily maximum rate of interest in accordance with the laws of the State of New York.  In addition, if a Designee’s account balance exceeds Apple’s credit limit with IBM, or becomes delinquent, IBM may stop shipments to the Designee or ship on a prepaid basis until the account is compliant.

 

7.0          

PRICES
AND PAYMENT



6.1           Prices for Products shall be as
determined between IBM and Apple.  Apple
or IBM will notify Designee of the price of each Product Designee is authorized
to purchase.



6.2           Invoices and Payments.  IBM or its Plant shall invoice the Designee
after the Products have been shipped, or the Services provided.  Payment will be due within thirty (30) days
after the date of invoice.  Late payment
of invoices may be assessed a charge equal to the lesser of one



 



[**] = information redacted pursuant to a confidential
treatment request.  Such omitted
information has been filed



separately with the Securities and Exchange
Commission.

















and one-half percent
(1.5%) per month or the statutorily maximum rate of interest in accordance with
the laws of the State of New York.  In
addition, if a Designee’s account balance exceeds Apple’s credit limit with
IBM, or becomes delinquent, IBM may stop shipments to the Designee or ship on a
prepaid basis until the account is compliant.



 



7.0          

EXCERPTS ON THIS PAGE:

10-K (2 sections)
Dec 19, 2003
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki