Saleable Product definition
Examples of Saleable Product in a sentence
Directly or indirectly, sell to any Person its right to be paid in respect of any receivables due or to become due to the Borrower at any time for Saleable Product.
When returning Products to ABDC, Customer will follow ABDC’s Returned Goods Policy, as amended from time to time, allowing for [**]% credit on Saleable Product returned within [**] days of invoice date; provided that if ABDC supplied defective Product to Customer, all such Product may be returned and need not be Saleable Product.
Saleable Product and Unsaleable Product purchased from Vendor, unless otherwise blocked for return as required by manufacturer return policies, regulatory requirements, or where Vendor is unable to obtain financial reimbursement from the manufacturer.
Hanmi will diligently perform the Production as provided in the Product Specifications and the Quality Agreement, and deliver the Saleable Product ordered by Spectrum Hanmi will Produce the Product in accordance with and meeting the Product Requirements.
Directly or indirectly, enter into any transaction or series of transactions with or for the benefit of one of its Affiliates (including any dispositions of Saleable Product), except for (a) transactions in the ordinary course of business on fair and reasonable terms no less favorable to it than would be included in an arm’s‑length transaction with a non‑Affiliate, (b) Permitted Affiliate Debt and (c) Restricted Payments permitted pursuant to Article 0.
Spectrum shall issue an irrevocable binding Purchase Order for no less than [***] of the Product (the “Pre-Filing Purchase Order”), and Hanmi shall Produce and deliver the ordered amount of the Saleable Product no later than December 31, 2018, at a purchase price of $[***].
For the avoidance of doubt, (a) Payee shall not be entitled to any royalty on any new coal reserves purchased or leased by a Payor after the January 1, 2020 that are not located within the boundary of the Subject Reserves; and (b) Payor shall not be obligated to pay royalty on Saleable Product that is first Sold after December 31, 2024 at 11:59 p.m., prevailing Mountain time.
Saleable Product Product that is, or is eligible to be, sold pursuant to Permitted Sales Agreement, or any Product that is not earmarked to be sold under a specific Permitted Sales Agreement but which would satisfy the coal specifications under an existing Permitted Sales Agreement at that time.
Spectrum shall have a unilateral option to order [***] of Product from Hanmi (the “First Option”), and it may exercise such First Option by issuing an irrevocable binding Purchase Order to Hanmi (the “First Option Purchase Order”) not later than [***] after accepting ▇▇▇▇▇’s delivery of the Saleable Product ordered under the Second Post- Approval Purchase Order.
Directly or indirectly, enter into any transaction or series of transactions with or for the benefit of one of its Affiliates (including any dispositions of Saleable Product), except for (a) transactions in the ordinary course of business on fair and reasonable terms no less favorable to it than would be included in an arm’s‑length transaction with a non‑Affiliate, (b) Permitted Affiliate Debt and (c) Restricted Payments permitted pursuant to Article XI.