Common use of PURCHASING PROCEDURE Clause in Contracts

PURCHASING PROCEDURE. The Company will, at its sole cost and expense: prepare and deliver reasonably detailed Product specifications in writing to the appropriate Federated overseas office; negotiate the terms of the manufacture and delivery of such Products with vendors (including without limitation the price and quality standards thereof), except that, at the request of the Company, Federated will participate in such negotiations to the extent consistent with its practice prior to the date hereof, and authorize, by means of purchase orders in substantially the form then used by Federated for purchases of merchandise for its own stores, Federated to purchase such Products from vendors designated by the Company. Federated will then promptly confirm such orders in writing and timely place its corresponding purchase orders with the vendors designated by the Company for such Products. Federated will use commercially reasonable efforts to cause such vendors to comply with the Company's specifications and timing requirements, including by visiting and inspecting the vendors' facilities. The Company may, at its sole cost and expense and to the extent it deems appropriate, cause its employees and representatives to travel to Federated's overseas offices and vendors' facilities in connection with its negotiations for the purchase of Merchandise. Federated will test and inspect the Products at no additional charge to the extent and in a manner substantially consistent with the procedures applied to merchandise purchased by Federated for sale in its own stores. Any additional testing or inspection will be performed as reasonably requested by the Company at the Company's sole cost and expense.

PURCHASING PROCEDURE. The Company will, at its sole cost and expense: prepare and deliver reasonably detailed Product specifications in writing to the appropriate Federated overseas office; negotiate the terms of the manufacture and delivery of such Products with vendors (including without limitation the price and quality standards thereof), except that, at the request of the Company, Federated will participate in such negotiations to the extent consistent with its practice prior to the date hereof, ; and authorize, by means of purchase orders in substantially the form then used by Federated for purchases of merchandise for its own stores, . Federated to purchase such Products from vendors designated by the Company. Federated will then promptly confirm such orders in writing and timely place its corresponding purchase orders with the vendors designated by the Company for such Products. Federated will use commercially reasonable efforts to cause such vendors to comply with the Company's specifications and timing requirements, requirements including by visiting and inspecting the vendors' facilities. The Company may, at its sole cost and expense and to the extent it deems appropriate, cause its employees and representatives to travel to Federated's overseas offices and vendors' facilities in connection with its negotiations for the purchase of Merchandise. Federated will test and inspect the Products at no additional charge to the extent and in a manner substantially consistent with the procedures applied to merchandise purchased by Federated for sale in its own stores. Any additional testing or inspection will be win he performed as reasonably requested by the Company at the Company's sole cost and expense.