Buyer shall make payments due to Seller under this Agreement to Seller's account no. ___________ at ________________ Bank, within forty-five (45) days after Buyer's receipt of invoices from Seller thereof, or within forty-five (45) days following the successful completion of the relevant payment milestones, whichever is the later, in accordance with the payment milestones set out in Annex III. As Buyer performs payments only twice per month on the 10st and the 25th the above indicated period may be extended up to a maximum of seventy-five (75) days.
Buyer shall be entitled to delay payments due to Seller in the following events: (i) As consequence of a change order by the Customer which results in reschedule of the Prime Contract payment schedule; or (ii) Customer failed to pay Buyer, on time, payments due to Buyer.