Common use of Stock Balancing Clause in Contracts

Stock Balancing. 10.1 At any time during the term of this Agreement, Ingram may return Products which are in their original packaging to Sonic for full credit of the Products' purchase price, less any discounts or credits previously received. All Product returns must be accompanied by a valid Return Merchandise Authorization (RMA) number issued by Sonic prior to the return. All Freight charges for returned Products will be paid by Ingram. Any Products returned to Sonic by Ingram will be subject to a [*] restocking fee. The restocking fee shall be waived if a new Purchase Order is issued by Ingram which offsets dollar for dollar the amount of credit associated with the returned Product. 10.2 Ingram may return any Product in its inventory to Vendor for credit against outstanding invoices for cash refund if there are no invoices then outstanding, within sixty (60) days following (a) the expiration or earlier termination of this Agreement, or (b) Vendor's notice to Ingram that it is discontinuing production of the Product or any version thereof. Any credit or refund due Ingram for returned Product shall be equal to the purchase price of the Product, less any discounts or credits previously received.