Ordered System definition
Examples of Ordered System in a sentence
Except for the Safe Harbor Equipment (with respect to which Buyer has the risk of loss or damage as of the date hereof), from and after the Delivery Date of each Ordered System all risk of loss or damage to such Ordered System shall be borne by Buyer.
Seller shall release all Liens in favor of Seller on each Ordered System upon final payment of the Purchase Price for such Ordered System.
Title to each Ordered System, except for title to any Safe Harbor Equipment which Buyer holds title to as of the date hereof, shall pass to Buyer upon Seller’s delivery of such Ordered System at the relevant Site, and such title shall be good and marketable and free of all Liens, except as provided in Section 2.2(f).
After receipt of the [***] deposit for each Ordered System as provided in Section 2.2(a)(i), Seller will issue a statement of the balance of the Purchase Price for such Ordered System, being the amount which, once paid to Seller, will cause Seller to release its lien on the Ordered System.
So long as no Buyer Default has occurred and is continuing hereunder, Seller shall promptly accept each such Purchase Order by countersigning and returning it to Buyer; provided that the failure of Seller to countersign or return to Buyer a Purchase Order shall not invalidate such Purchase Order and Seller shall be obligated to deliver the Ordered System under such Purchase Order as contemplated by this Agreement.
Seller’s delivery of any Ordered System to Buyer pursuant to this Agreement shall be deemed to be Seller’s certification that such Ordered System is in compliance with the QFCP-RC Tariff.