Customary Terms definition
Customary Terms means (i) the most favorable terms, practices, and programs (including, without limitation, credit limits, pricing, cash discounts, timing of payments, allowances, rebates, coupon reconciliation, and other applicable terms and programs), in effect between the Critical Vendor and the Debtors during the 180 days preceding the Petition Date, or (ii) such other terms favorable to the Debtors as the Debtors and the Critical Vendor may mutually agree upon.
Customary Terms as defined in the Letter Agreement signed by such Vendor.
Examples of Customary Terms in a sentence
If satellite in-orbit insurance with respect to the Satellite on the XM Customary Terms is not available, Lessee will obtain such insurance on terms reasonably available in the insurance market for a commercially reasonable premium.