Common use of RESTOCKING CHARGE Clause in Contracts

RESTOCKING CHARGE. Customer may at my time subsequent to Delivery return Purchases to Supplier for credit. For any Purchases returned that are not useable by Supplier's other customers within sixty (60) days, the Parties agree they will use good faith efforts to reach an agreement as to an appropriate amount due Supplier. However, in no event shall the amount due Supplier from Customer exceed ten percent (10%) of the unit price of the Purchases returned.