Material Returns Clause Samples

Material Returns. For purposes of Section 4(b)(iii), a Return is “material” if it could reasonably be expected to reflect (A) Tax liability equal to or in excess of $1 million, (B) a credit or credits equal to or in excess of $1 million or (C) a loss or losses equal to or in excess of $3 million, in each case with respect to the requesting Party.
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Material Returns. U.A.I. will not accept customer convenience returns.
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Material Returns. In the event items are delivered to RJRT in error or defective, shall not be required to pay Supplier any Compensation, including any freight and Supplier’s handling costs. RJRT may return to the Supplier the items following a return procedure agreeable to all parties.
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Material Returns a. “A” CONDITION MATERIAL (Direct Ship) shall be shipped-in-place at the contractor’s repair facility and retained for a 24-hour period in the event an end-use backorder must be filled with the repaired asset(s). If within this 24-hour period the CAV Requisition Inbox shows that a requisition has been posted, then the repaired unit is to be shipped directly to the end user or requisitioner. The contractor is to contact the DCMA transportation office for the specific address. If no backorder requisition is received within the 24-hour period, then the shipment shall be redirected to the default storage location specified in the basic contract document (i.e. Basic Ordering Agreement and/or Long-Term Contract and/or Contract and/or Purchase Order). If the basic contract document contains one or both of the Defense Distribution Depots (DDD) listed below as the storage location(s) of record, then the contractor is to follow the shipping directions shown below. East Coast: W25G1U W1BG DDD Susquehanna, DDSP New Cumberland Facility, ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇, Door 113 to 134 New Cumberland, PA 17070-5002 West Coast: W62G2T W1BG DDD San ▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇, Rec. Whse. 16B (Phone ▇▇▇-▇▇▇-▇▇▇▇) Tracy, CA 95304-5000. If the shipment is a quantity of one (1) each, the contractor shall ship this repaired unit to the East Coast DDD. If the shipment is for a quantity larger than one (1) each, the contractor shall divided it evenly between the East Coast and West Coast DDDs. In the event the shipment is for an odd number, the odd “A” condition item shall be redirected to the East Coast DDD. b. “F” CONDITION MATERIAL - Unless otherwise provided for in the purchase order/contract, delivery order or modification, the repair facility shall contact the appropriate NAVSUP Weapon Systems Support PCO for status on units received without authorization for repair within 90 days (Not Ready for Issue – “F” Condition). If it is determined that the material is to be returned to the Government, the units shall be shipped as follows to the location that lies within the closest physical proximity to the facility from which the material is being shipped: (i) MARK FOR: NAVSUP WSS DIRECTED RETURN FOR ‘F’ CONDITION STOCK. DO NOT PROCESS THROUGH ATAC/HUB (ii) Consignment Addresses are available electronically at ▇▇▇▇▇://▇▇▇.▇▇▇▇.▇▇▇.▇▇▇/daasinq/ SW3117 – DD Norfolk, VA SW3205 – DD San Diego, CA c. “J” CONDITION MATERIAL - Unless otherwise provided in the purchase order/contract, deliver...
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Related to Material Returns

  • Company Tax Returns The Company shall file all tax returns, if any, required to be filed by the Company.

  • Returns Provided no Event of Default has occurred and is continuing, if any Account Debtor returns any Inventory to Borrower, Borrower shall promptly (i) determine the reason for such return, (ii) issue a credit memorandum to the Account Debtor in the appropriate amount, and (iii) provide a copy of such credit memorandum to Bank, upon request from Bank. In the event any attempted return occurs after the occurrence and during the continuance of any Event of Default, Borrower shall hold the returned Inventory in trust for Bank, and immediately notify Bank of the return of the Inventory.

  • Tax Returns Except as set forth on Schedule 3.6, (a) As of the Closing Date, the Seller has duly, timely and accurately filed or caused to be duly, timely, and accurately filed with the appropriate taxing jurisdictions, all Federal, state, local and foreign Tax Returns required to be filed, has timely paid or caused to be timely paid all Taxes as shown on such returns or on any assessment received by it to the extent that such Taxes have become due. All Tax Returns were correct and complete in all respects. The Seller is not the beneficiary of any extension of time within which to file any Tax Return. The Seller has not waived any statute of limitation in respect of Taxes or agreed to any extension of time with respect to a Tax assessment or penalty. (b) No audits or other administrative or court proceedings are pending or proposed with respect to the Seller that relate to Taxes. The Seller has never been a party to any audit, administrative or court proceeding that relate to Taxes. (c) No claim or assessment has been made by any taxing authority for unpaid Taxes against the Seller. There are no Tax Liens upon the assets of Seller, except for any Liens for personal property taxes not yet due and payable. (d) All Taxes due and payable by Seller on or before the Closing Date, for which neither filing of Tax Returns nor notice of deficiency or assessment is required, have been paid. (e) The Seller is not a party to or bound by (nor will it become a party to or bound by) any Tax indemnity, Tax sharing, or Tax allocation agreement of any kind. There are not outstanding powers of attorney executed on behalf of the Seller. (f) The Seller has never been a member of an affiliated group of corporations within the meaning of IRC Section 1504. (g) The Seller has not filed a consent pursuant to the collapsible corporation provisions of IRC Section 341(f) (or any corresponding provision of state or local law) or agreed to have IRC Section 341(f)(2) (or any corresponding provisions of state or local law) apply to any disposition of any asset owned by the Seller. (h) The Seller has not agreed to make nor is it required to make any adjustment under IRC Section 481(a) by reason of a change in accounting method or otherwise. (i) The Seller is not nor has ever been a United States real property holding company within the meaning of IRC Section 897. (j) There is no contract, agreement, plan, or arrangement covering any employee or former employee of the Seller that, individually or collectively, would give rise to a payment that would not be deductible by reason of IRC Section 280G. (k) Adequate accruals for Taxes have been made on the books of the Seller that will be reflected in the Seller's Financial Statements. (l) All Taxes required to be withheld by or on behalf of the Seller or with respect to the business or assets thereof have been withheld, and such withheld taxes have either been duly and timely paid to the proper Governmental Authorities or set aside in accounts for such purpose or accrued, reserved against and entered upon the books of the Seller. Notwithstanding anything to the contrary contained above, adjustments in claimed Net Operating Loss amounts that do not result in an adverse cash impact on the Seller shall not constitute a breach of any representation made in this Section 3.6.

  • Product Returns Client will have the responsibility for handling customer returns of the Products. Patheon will give Client any assistance that Client may reasonably require to handle the returns.

  • Income Tax Returns Borrower has no knowledge of any pending assessments or adjustments of its income tax payable with respect to any year.