Bill and Hold definition

Bill and Hold means unpaid Receivables resulting from the sal▇ of Inventory which has not yet been delivered to, and is not yet in the process of being delivered to, the Account Debtor on such Receivables.
View Source
Bill and Hold means an arrangement confirmed in writing in ▇▇▇ch the Borrower or its Subsidiary invoices the customer for goods but retains possession of such goods for a period of time; provided, that all of the following requirements are satisfied:
View Source

Examples of Bill and Hold in a sentence

  • In the event the Parties have not expressly agreed on whether or not the Supplier Managed Property is Bill and Hold or Pay on Release Inventory, ▇▇▇▇▇ acknowledges and agrees that the Supplier Managed Property will be paid for on a Bill and Hold Inventory basis.

  • Subject to the satisfaction of the conditions set forth in Section 4 below, and in reliance on the representations set forth in Section 5 below, Agent and Lenders hereby waive the requirement set forth in Section 2.10 of the Loan Agreement that certain appraisals of Inventory, Bill and Hold Inventory and ▇▇▇▇ler Inventory be obtained during the 2004 fiscal year.

  • When products arrive prior to Customer’s ability to take delivery, a Bill and Hold agreement will be produced and signed by the Customer to hold product at PPG premises, transfer title to the Customer, and allow for invoicing and payment of the product.

  • When products arrive prior to Customer’s ability to take delivery a Bill and Hold agreement will be produced and signed by the Customer to hold product at SWP premises, transfer title to the Customer, and allow for invoicing and payment of the product.

  • SP shall be entitled to ship to ISTA each Batch of Product stored at its facilities if SP does not receive a signed Bill and Hold Request covering such Batch within seven (7) business d▇▇▇ following a request for such Bill and Hold Request.

  • When products arrive prior to Customer’s ability to take delivery a Bill and Hold agreement will be produced and signed by the Customer to hold product at PPI premises, transfer title to the Customer, and allow for invoicing and payment of the product.

  • Seller shall segregate, label, and clearly identify the Products as "Bill and Hold for [Buyer Name]" to ensure proper handling and prevent commingling with other inventory.

  • Bill and hold — Seller reserves the right to invoice the Purchaser in accordance with a Bill and Hold arrangement if the Purchaser fails to take delivery on any scheduled Delivery Date.

  • Section 1.01 of the Credit Agreement hereby is amended by deleting the definitions of "Bill and Hold", "Borrower Pledge Agreement" and "Receivable▇ ▇▇tercreditor Agreement" and adding the definitions of "Bill and Hold", "Borrower Pledge Agreement" and "Receivable▇ ▇▇tercreditor Agreement" set forth below.

  • ISTA may request in writing that SP store Product at i▇▇ ▇acilities for a period of time prior to shipment ("Bill and Hold").