Examples of Transacting Party in a sentence
Transacting Party agrees that there have been no affirmations of fact or promises made by Schulmerich® relating to the goods or services and becoming part of the basis of the bargain, other than those affirmations and promises expressly set forth herein.
If the financial condition or the business structure of the Transacting Party at any time does not, in the sole judgment of Schulmerich®, justify the continued extension of credit or the continuance of the work performed or the goods to be supplied on the terms of payment as set forth above, Schulmerich® may require partial or full payment in advance, or shall be entitled to cancel any part of any order then outstanding, and shall be entitled to payment for reasonable cancellations charges.
Goods held beyond delivery date for convenience of the Transacting Party will be invoiced on the date of completion and terms of payment in such case will apply from invoice date.
None of the Transacting Party rights under these Terms and Conditions shall be assigned or transferred by the Transacting Party to any other person or entity, whether by operation of law or otherwise, without Schulmerich®’s prior written approval.
The amount of any present or any future sales, occupation, use, tariff, excise or other similar taxes and/or duties for which Schulmerich® may be liable, either on its own behalf or on behalf of the Transacting Party, with respect to any orders for merchandise or equipment and/or services, shall be in addition to the billing prices set forth in any invoice, and shall be paid by the Transacting Party.