IDSI definition

IDSI shall give at least sixty (60) days notice of any such changes before the annual renewal date. If DISTRIBUTOR does not accept such changes in payment terms and conditions, its sole and exclusive remedy shall be to terminate this AGREEMENT. All sums then due to "IDSI" shall become immediately due and payable. CTLM(R) will not ship until IDSI receives cash deposit of 40%, irrevocable letter of credit or lease.
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IDSI s confidential information shall be returned by DISTRIBUTOR to "IDSI", at DlSTRlBUTOR's expense, immediately upon termination of the AGREEMENT.
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IDSI shall have the option to repurchase all PRODUCTS, or any portion thereof, owned by DISTRIBUTOR at the effective date of termination, excluding only those PRODUCTS needed to fill orders received by DISTRIBUTOR prior to the date of notice of termination, and at prices not to exceed the purchase price paid by DISTRIBUTOR to "IDSI" for such products and if not purchased, DISTRIBUTOR shall be free to sell same for any price obtainable deducting the negative difference from the price it owes MANUFACTURER.
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Examples of IDSI in a sentence

  • In addition to any other remedy IDSI may have, IDSI reserves the right to terminate any sublicensee's sublicense if said sublicensee fails to comply with any term or condition of any such sublicense.

  • Except as set forth herein, Distributor shall have no right or authority to create any obligation on the part of IDSI or bind IDSI to any agreement.

  • Distributor further agrees not to disclose to IDSI any information, which Distributor deems to be confidential, and it is understood that any information received by IDSI will not be of a confidential nature.

  • Orders from Distributor for equipment shall be made by delivery of a purchase order to IDSI.

  • IDSI shall have no obligations or liabilities to Distributor or any other person for loss of profits, loss of use or incidental, special or consequential damages, even if IDSI has been advised of the possibility thereof, arising out of or in connection with the translation from English into any other language of any materials made or given pursuant to this Agreement, including without limitation any operations and maintenance manuals.


More Definitions of IDSI

IDSI may, notwithstanding the above, upon written notice to DISTRIBUTOR, change the prices. Such change to be effective thirty (30) days after the date of said notice to DISTRIBUTOR. In the event that DISTRIBUTOR has bona fide outstanding bids to its customers which would be affected by the price increase, "IDSI" will honor the previous price to DISTRIBUTOR for those bids for a period not to exceed one hundred and twenty (120) days from the date of notice of new prices.
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IDSI elect to allow DISTRIBUTOR to reassign this AGREEMENT it should be done in writing at a mutually agreed upon Agent within 45 to 60 days prior to said transfer of assignment.
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IDSI reserves the right to accept or reject any order submitted by DISTRIBUTOR. "IDSI" agrees that it will not reject any order that complies with the prices, terms, and conditions set forth in this AGREEMENT unless such acceptance is prevented by operation of law and / or IDSI contractual obligations of which DISTRIBUTOR has notice.
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IDSI requires DISTRIBUTOR to submit all advertising to "IDSI" for approval prior to DlSTRlBUTOR's use of the advertising and further, reserves the right to require DISTRIBUTOR to withdraw or amend any such materials, which inaccurately describe or misrepresent the PRODUCTS.
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IDSI shall have no obligation to fill pending purchase orders if the AGREEMENT is terminated due to an event of default on the part of DISTRIBUTOR.
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IDSI completes any such direct sale or sale outside the TERRITORY for installation within the TERRITORY while this AGREEMENT is in effect, "IDSI" shall pay to DISTRIBUTOR a commission as set forth in paragraph 4 of the attached Appendix "A".
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IDSI shall be entitled to retrieve the PRODUCT(S) at its sole discretion if and when payment of the related invoice is overdue or upon termination of this AGREEMENT. DISTRIBUTOR shall cooperate fully and unconditionally by allowing "IDSI" to enter premises and/or facilities in this regard.
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