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Purchaser shall pay all invoiced amounts within thirty-five (35) days from date of invoice to the specified bank account or as otherwise instructed. Merck reserves the right to require an advanced deposit of up to one hundred percent (100%) of the purchase price at the time of order or any time prior to delivery as a condition of performance. If for any reason, in its sole and unfettered discretion, Merck deems the ultimate collectability of the purchase price to be in doubt, Merck may, without notice to Purchaser, delay or postpone the delivery of the products and may, at its option, change the terms of payment to payment in full or in part in advance, with respect to the entire undelivered balance of products.
Purchaser shall pay interest on all late payments at the lesser of (a) the rate of 1.5 percent (1.5%) per month or (b) the highest rate permissible under applicable law, calculated daily and compounded monthly. Purchaser shall reimburse Seller for all costs incurred in collecting any late payments, including, without limitation, attorneys' fees. In addition to all other remedies available under these Terms or at law, Seller may, without notice to Purchaser, delay or postpone delivery of Products and/or performance of Services and may, at its option, change the terms of payment with respect to any undelivered Products and/or unperformed Services.