Final Shipment definition
Examples of Final Shipment in a sentence
On the Date of Final Shipment, Seller shall ship all of Seller's remaining pharmaceutical inventory and supplies relating to the Business to Buyer, together with an invoice setting forth (i) the cost of such goods, plus (ii) the cost of all pharmaceutical supplies which were shipped to Seller's customers between the Date of Initial Shipment and the Date of Final Shipment, which invoice shall be payable upon receipt by Buyer.
Buyer also acknowledges and agrees that between the Date of Initial Shipment and April 26, 2004 (the "Date of Final Shipment"), Seller shall continue to service Buyer's customer's pharmaceutical needs in connection with the Business, and that in order to service such needs, Seller may need to purchase additional pharmaceutical inventory.
Title and risk of loss for Private Labeled Products shall be deemed to pass to Purchaser upon Supplier’s tender of the Private Labeled Products for Final Shipment to the delivery location designated by Purchaser in the applicable Purchase Order (or to such other location as mutually agreed by the Parties) (“Delivery Location”).
On the Date of Final Shipment, Seller shall ship all of Seller’s remaining pharmaceutical inventory and supplies relating to the Business to Buyer, together with an invoice setting forth (i) the cost of such goods, plus (ii) the cost of all pharmaceutical supplies which were shipped to Seller’s customers between the Date of Initial Shipment and the Date of Final Shipment, which invoice shall be payable upon receipt by Buyer.
For FOB Contract Types, Seller may assess storage charges, in the amounts identified on the Specific Terms, for each month that Product remains not removed by Buyer after the Final Shipment Date due (directly or indirectly) to any Buyer act or omission.
For purposes of this Section, timeliness of Purchaser’s payment shall be calculated from: (a) the issuance date of the Accepted Purchase Order with respect to the payment due under Section 5.4.1, and (b) Supplier’s written notification of manufactured Private Labeled Products being ready for Final Shipment with respect to the payment due under Section 5.4.2.
From the date hereof to the Final Shipment Date, the Seller shall continue to conduct the business of the Richmond facility and the manufacturing and sale of the Specified Paper Grades in the ordinary course consistent with past practice.