Distributor Invoice definition
Examples of Distributor Invoice in a sentence
Subject to Section 4, if Red Iron shall repossess or come into possession of any Inventory, or any part thereof, covered by any Dealer Invoice or Distributor Invoice, Seller agrees to repurchase such Inventory from Red Iron in a condition that is new and unused, subject to normal wear and tear resulting from display or demonstration, and wherever located.
Failure to timely pay any Distributor Invoice shall cause all subsequent Invoices to become immediately due and payable.
With respect to chargeback claims and associated contracted fees related to Product sold by distributors with Distributor Invoice dates after the Closing Date and through the Chargeback Contract Termination Date, Seller shall be financially responsible for such claims and chargeback fees to the extent that such claims and chargeback fees do not relate to more than an aggregate of [***], and Buyer shall be financially responsible with respect to all other such claims and fees.
For the purposes the preceding sentence “Dealer/Distributor Demo/Rental Inventory” means Inventory covered by a Dealer Invoice or Distributor Invoice which indicates (either by a terms code or other means) that such Inventory is eligible to be used by a Dealer or Distributor for rental or extended demonstration purposes.
Seller shall be financially responsible for all chargeback claims and associated contracted fees related to Product sold by distributors with Distributor Invoice dates up to and including the Closing Date.
GSK shall not process and shall not be financially responsible for any chargeback claims and associated contracted fees related to Product sold by distributors with Distributor Invoice dates after such Chargeback Product Termination Date, and XenoPort shall or shall cause its distributor to process and be financially responsible for all chargeback claims and associated contracted fees related to Product sold by distributors with Distributor Invoice dates after such Chargeback Product Termination Date.
Seller shall not process and shall not be financially responsible for any chargeback claims and associated chargeback fees related to Product sold by distributors with Distributor Invoice dates after such Chargeback Contract Termination Date, and Buyer shall or shall cause its distributor(s) to process and be financially responsible for all chargeback claims and associated contracted fees related to Product sold by distributors with Distributor Invoice dates after such Chargeback Contract Termination Date.