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    Standard payment terms are net 30 days, subject to credit approvalProgress payments, as agreed to by both parties, may applyIf the Buyer shall fail to make any payments in accordance with their terms and conditions hereof, Seller, in addition to its other rights and remedies, but not in limitation thereof, may at its option defer shipments or deliveries hereunder, or under another contract with the Buyer, except upon receipt of satisfactory security or of cash before shipment.