Returned or Rejected Goods Sample Clauses

Returned or Rejected Goods. After the occurrence and during the continuance of an Event of Default or upon receipt of any returned or rejected goods in an amount in excess of One Hundred Thousand Dollars ($100,000.00) the Borrower shall immediately issue and deliver a copy of a credit memo to the Bank with respect thereto. Or, at the Bank's election, the Borrower shall set aside such goods, mark xxxm in the Bank's name and hold them in trust for the Bank at the Borrower's expense, and, upon request, shall pay the Bank the sales price thereof. If the Bank shall request the Borrower to pay the sales price of such goods and the Borrower fails to forthwith pay the sales price to the Bank, the Bank may take possession of such goods and sell or cause the goods to be sold, at public or private sale, at such prices, to such purchasers and upon such terms as the Bank deems advisable. The Borrower shall remain liable to the Bank for any deficiency and shall pay the costs and expenses of such sale, including reasonable attorneys' fees.
Sample 1See All (5)
AutoNDA by SimpleDocs
Returned or Rejected Goods. Under no circumstances, shall the seller refund to the buyer any money arising from returned or rejected goods without collecting the same from the manufacturer. In the event the manufacturer pays the seller for any returns, product allowances, or discounts and not limited to these categories or any payment that pertains to the buyer, then the it will be required by the seller to remit the funds within 5 days of receipt to the buyer. In the event the manufacturer violates the agreement with the buyer in any material way or there is an epidemic issue on any transaction, then upon buyer’s notification the seller shall help the buyer to suspend opening a new Letter of Credit and, only when the documents are presented with a discrepancy for an existing Letter of Credit, to hold the acceptance procedure until the situation is reconciled with the acceptance of both the buyer and the seller. Any catastrophic issue must be settled to the mutual written and signed satisfaction by and of all three parties.
Sample 1Sample 2
Returned or Rejected Goods. In the event Bank exercises its rights under Section 7.2, upon receipt of any returned or rejected goods Borrower shall immediately issue and deliver a copy of the credit memo to Bank with respect thereto. Or, at Bank's election, Borrower shall set aside such goods, xxxx them in Bank's name and hold them in trust for Bank at Borrower's expense and shall, upon Bank's request, deliver such goods to Bank. Bank may sell or cause the goods to be sold, at public or private sale, at such prices, to such purchasers and upon such terms as Bank deems advisable. Borrower shall remain liable to Bank for any deficiency and shall pay the costs and expenses of such sale, including reasonable attorneys' fees.
Sample 1
Returned or Rejected Goods. 4.1 Goods may not be returned without the prior consent of Seller. Goods authorized for return must be returned within 10 (ten) days of Seller’s shipping date. Returned goods are subject to a restocking charge of 15% (fifteen) of the outright sales price.
Sample 1
Returned or Rejected Goods. After the occurrence and during the continuance of an Event of Default or upon receipt of any returned or rejected non-retail goods in an amount in excess of Five Hundred Thousand Dollars ($500,000.00) the Borrower shall immediately issue and deliver a copy of a credit memo to the Agent with respect thereto. Or, at the Agent's election, the Borrower shall set aside such goods, mark xxxm in the Agent's name and hold them in trust for the Agent at the Borrower's expense, and, upon request, shall pay the Agent the sales price thereof. If the Agent shall request the Borrower to pay the sales price of such
Sample 1
Returned or Rejected Goods. Goods may not be returned without the prior consent of Aero Controls, Inc. Returned material may be subject to a restocking fee, currently at 20% of outright price. Any sale under $500 USD is considered sold AS-IS, with no returns authorized.
Sample 1

Related to Returned or Rejected Goods

  • Returned Goods The Security Interest in the Inventory shall, without further act, attach to the cash and non-cash proceeds resulting from the sale or other disposition thereof and to all Inventory which is returned to the Borrower by customers or is otherwise recovered.

  • REPAIRED OR REPLACED PARTS / COMPONENTS Where the Contractor is required to repair, replace or substitute Product or parts or components of the Product under the Contract, the repaired, replaced or substituted Products shall be subject to all terms and conditions for new parts and components set forth in the Contract including Warranties, as set forth in the Additional Warranties Clause herein. Replaced or repaired Product or parts and components of such Product shall be new and shall, if available, be replaced by the original manufacturer’s component or part. Remanufactured parts or components meeting new Product standards may be permitted by the Commissioner or Authorized User. Before installation, all proposed substitutes for the original manufacturer’s installed parts or components must be approved by the Authorized User. The part or component shall be equal to or of better quality than the original part or component being replaced.

  • USE OF RECYCLED OR REMANUFACTURED MATERIALS New York State supports and encourages contractors to use recycled, remanufactured or recovered materials in the manufacture of products and packaging to the maximum extent practicable without jeopardizing the performance or intended end use of the product or packaging unless such use is precluded due to health or safety requirements or product specifications contained herein. Refurbished or remanufactured components or products are required to be restored to original performance and regulatory standards and functions and are required to meet all other requirements of this bid solicitation. Warranties on refurbished or remanufactured components or products must be identical to the manufacturer's new equipment warranty or industry's normal warranty when remanufacturer does not offer new equipment. See "Remanufactured, Recycled, Recyclable or Recovered Materials" in Appendix B, OGS General Specifications.

  • REJECTION OF GOODS Notwithstanding any other rights of, or remedies available to UNDP under the Contract, in case any of the Goods are defective or otherwise do not conform to the specifications or other requirements of the Contract, UNDP, at its sole option, may reject or refuse to accept the Goods, and within thirty (30) days following receipt of notice from UNDP of such rejection or refusal to accept the Goods, the Contractor shall, in sole option of UNDP:

  • Preference for Domestically Manufactured Goods The provisions of paragraphs 2.54 and 2.55 of the Guidelines and Appendix 2 thereto shall apply to goods manufactured in the territory of the Borrower.

  • Rejected Items; Abandonment (a) The Contractor may deliver, cause to be delivered, or, in any other way, bring or cause to be brought, to any State premises or other destination, Goods, as samples or otherwise, and other supplies, materials, equipment or other tangible personal property. The State may, by written notice and in accordance with the terms and conditions of the Contract, direct the Contractor to remove any or all such Goods (“the “Rejected Goods”) and any or all other supplies, materials, equipment or other tangible personal property (collectively, the “Contractor Property”) from and out of State premises and any other location which the State manages, leases or controls. The Contractor shall remove the Rejected Goods and the Contractor Property in accordance with the terms and conditions of the written notice. Failure to remove the Rejected Goods or the Contractor Property in accordance with the terms and conditions of the written notice shall mean, for itself and all Contractor Parties, that:

  • OUT OF STOCK, PRODUCT RECALLS, AND DISCONTINUED PRODUCTS H-GAC does NOT purchase the products sold pursuant to a Solicitation or Agreement. Contractor is responsible for ensuring that notices and mailings, such as Out of Stock or Discontinued Notices, Safety Alerts, Safety Recall Notices, and customer surveys, are sent directly to the Customer with a copy sent to H-GAC. Customer will have the option of accepting any equivalent product or canceling the item from Customer’s Purchase Order. Contractor is not authorized to make substitutions without prior approval.

  • Defective Products None of the Group Companies has manufactured, sold or supplied products which are, or were, in any material respect, faulty or defective, or which do not comply in any material respect with any representations or warranties expressly made by such Group Company, or with all applicable regulations, standards and requirements.

  • Goods For purposes of the Contract, all things which are movable at the time that the Contract is effective and which include, without limiting this definition, supplies, materials and equipment, as specified in the Invitation to Bid and set forth in Exhibit A.

  • REMANUFACTURED, RECYCLED, RECYCLABLE OR RECOVERED MATERIALS Upon the conditions specified in the Bid Specifications and in accordance with the laws of the State of New York, Contractors are encouraged to use recycled, recyclable or recovered materials in the manufacture of Products and packaging to the maximum extent practicable without jeopardizing the performance or intended end use of the Product or packaging unless such use is precluded due to health, welfare, safety requirements or in the Bid Specifications. Contractors are further encouraged to offer remanufactured Products to the maximum extent practicable without jeopardizing the performance or intended end use of the Product and unless such use is precluded due to health, welfare, safety requirements or by the Bid Specifications. Where such use is not practical, suitable, or permitted by the Bid Specifications, Contractor shall deliver new materials in accordance with the “Warranties" set forth below. Items with recycled, recyclable, recovered, refurbished or remanufactured content must be identified in the Bid or Bidder will be deemed to be offering new Product.

Time is Money Join Law Insider Premium to draft better contracts faster.