Examples of Selling Customer in a sentence
The Selling Customer and the Buying Customer shall furnish the expert with all written or oral information that the expert may reasonably require for his determination.
If any or all of the Delivery Documents are not presented the Buying Customer may agree to pay the Selling Customer for the delivery against presentation of those Delivery Documents that are presented and a Letter of Indemnity for the missing Delivery Documents duly executed by the Selling Customer or, if the Buying Customer chooses, duly executed and given jointly and severally by the Selling Customer and the Selling Customer's bank.
The cost of the services of the expert, if appointed, shall be shared equally between the Selling Customer and the Buying Customer.
Payment shall be made by bank transfer to the bank account nominated by the Selling Customer.
The Selling Customer shall however use reasonable endeavours to recover from the Selling Customer’s Suppliers any demurrage for which the Buying Customer has presented a claim in accordance with the terms of the Physical Contract.
The Selling Customer shall notify the Seller Clearing Member that it has received payment not later than the Business Day following the date of receipt.
The Seller Clearing Member shall obtain from the Selling Customer margin in a form acceptable to the Clearing House in an amount fixed from time to time by the Clearing House.
On the following Business Day, unless the Buyer Clearing Member or Buying Customer have notified the Clearing House that the Seller Clearing Member has Failed to Perform, the Clearing House shall, in accordance with the Clearing House Rules, liquidate the Buying Customer’s delivery margin and, when liquidation is complete, pay the Seller Clearing Member, which shall in turn pay the Selling Customer.
Unless otherwise agreed, the payment of any other costs, expenses or charges payable by the Buying Customer that arise under this Chapter 10 shall be made against presentation of the Selling Customer’s Invoice (or any other invoice from the Selling Customer) and shall be for immediate settlement by the Buying Customer on or by the date notified therein.
Not later than 12:00 (New York time) on the third (3rd) Business Day prior to the Payment Date, the Selling Customer shall notify, by e-mail or fax, the Seller Clearing Member of the bank account to which payment shall be made.