C.O.D. Transaction definition

C.O.D. Transaction means an agreement by which the seller requires the buyer to pay the full cash price of the goods upon delivery or tender of delivery by the seller, less any down payment made by the buyer. A C.O.D. transaction does not include an agreement by which the seller requires the buyer to pay interim payments before such delivery or tender of delivery.
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Examples of C.O.D. Transaction in a sentence

  • By way of example only, if payment is made by the Company on or prior to each of the Monthly Payment Dates for May 2024 and June 2024 but payment is not made on or prior July 5, 2024, the fourth Business Day of July 2024, and the Company conducts a Waived COD Transaction on July 15, 2024, the Shareholders shall have the right to put Certificate of Designation Section 5(f), Subsequent Financing, into effect with regard to the Waived COD Transaction starting on July 15, 2024.

  • In addition, solely with regard to Section 3.1(d), if the Company conducts a transaction that would have given the Shareholders rights pursuant to Certificate of Designation Section 5(f) Subsequent Financing, while a waiver of such section was in effect (the “Waived COD Transaction”), the Shareholders shall have the right to put such section into effect with regard to such Waived COD Transaction in future months in which no payment was made on the prior Monthly Payment Date.