Sightholder definition
Examples of Sightholder in a sentence
They shall apply in place of, and prevail over, any terms or conditions (whether or not in conflict or inconsistent with these Conditions) contained or referred to in any documentation submitted by a Sightholder (or any member of its Compliance Group) or an Accredited Buyer (or any member of its Compliance Group) (as the case may be) or in correspondence or elsewhere or implied by trade, custom, practice or a course of dealings.
All risk of loss of, or damage to, each Box (and the Diamonds contained in it) shall pass to the Sightholder or Accredited Buyer (as the case may be) on delivery to the relevant carrier.
For the avoidance of doubt, such notification shall only include those Boxes applied for by the Sightholder or Accredited Buyer (as the case may be) under Condition 2.2 and shall not require the Sightholder or Accredited Buyer (as the case may be) to offer to purchase any Boxes not applied for.
Subject to Condition 3.4 above, GSS shall charge a fee of 1.5 per cent of the total value in US dollars (or part thereof) of the Boxes purchased by the relevant Sightholder at each Sight Location during the relevant Selling Period (or such other period as is notified by GSS from time to time in accordance with the 2015-2018 Supply Documentation).
Under the terms of the 2015-2018 Supply Agreement, we agreed to grant Sightholders a Sightholder Signature Licence to use the Sightholder Signature.
Such discussions may include a reference by either GSS or the Sightholder or Accredited Buyer (as the case may be) to a senior representative of each of GSS and the Sightholder or Accredited Buyer (as the case may be) for resolution in accordance with such procedures as the senior representatives may agree.
Arbitration shall become the dispute resolution procedure unless the Sightholder informs GSS in writing within thirty (30) days of the date of the Arbitration Notice that it requires the dispute to be resolved by litigation.
De Beers Global Sightholder Sales (International) Sightholder/Accredited Buyer Compliance Criteria Criterion Criterion Description Applicable GSS Group Definition BPPs/Probity (i) Full, unqualified compliance with the De Beers Best Practice Principles and participation in the associated Assurance Programme; and (ii) Applicant declaration of probity; and (iii) Key Individual declarations of probity.
SSSA Accredited Buyer Applicants are required to meet (i) the GSS (International) Compliance Criteria (or have an approved Compliance Roadmap in place if they are an Existing Sightholder in an alternative De Beers supply location) and (ii) SSSA Beneficiation Compliance Criteria.
In the event an Accredited Buyer Applicant is not an Existing Sightholder, it is not possible for such an Applicant to enter into a Compliance Roadmap and therefore satisfaction of the Financial Compliance Criteria is required as of 17 October 2014 (or any other date of application from 31 March 2015 for Accredited Buyer status).