Bill and Hold Clause Samples
The Bill and Hold clause allows a seller to invoice a buyer for goods that have been manufactured and are ready for delivery, even though the goods remain in the seller’s possession until a later date. In practice, this clause is used when the buyer requests that the seller hold the goods for future shipment, often due to storage limitations or timing requirements on the buyer’s end. The core function of this clause is to clarify when ownership and risk transfer to the buyer, ensuring both parties understand their obligations and reducing disputes over delivery and payment timing.
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Bill and Hold. The seller will, at the request of the Buyer, “Hold” and store finished Goods, with the acceptance that the Buyer shall be billed for the Goods. The terms of payment for the Goods will be 30 calendar days from the date of the invoice, or as agreed by a Company Director or the Company Secretary.
Bill and Hold. [1] Buyer acknowledges that it is its obligation to arrange for delivery of Products ordered by it on completion of the related order, but there may be circumstances, such as a delay in obtaining an import license or the lack of sufficient warehouse or other storage space to store the Products, which prevent Buyer from taking delivery of the Products at such time. If Buyer reasonably expects it will be unable to arrange delivery by the date specified in the order, it will provide at least 10 days’ notice in writing to Advantech Wireless Technologies. [2] In such cases, Buyer (i) authorizes Advantech Wireless Technologies to hold the completed Products in its premises on Buyer’s behalf and (ii) agrees that it will provide to Advantech Wireless Technologies before the end of the month in which the delivery was scheduled to occur a “bill-and-hold” letter or substantially similar written acknowledgement (substantially in the form of Exhibit A to this Agreement) and upon receipt by Advantech Wireless Technologies of a such a “bill-and-hold” letter or acknowledgement from Buyer and upon Advantech Wireless Technologies invoicing Buyer for such Products (and, if the invoice requires payment in full before such Products will be released for shipment, Advantech Wireless Technologies has received payment in full), risk of damage or loss, and control, as well as title, to such Products shall automatically pass to and be assumed by Buyer. [3] Buyer acknowledges that Advantech Wireless Technologies reserves the right to charge a fee for storage of the Products until they are actually delivered.
Bill and Hold. ISTA may request in writing that SP store Product at i▇▇ ▇acilities for a period of time prior to shipment ("Bill and Hold"). Such request shall be in writing in substantially th▇ ▇▇rm attached to this Agreement as Exhibit C. For each Bill and Hold, ISTA acknowledges that (i) ISTA has made a fixed commi▇▇▇▇t to purchase such Product, (ii) risk of ownership for such Product passes to ISTA, (iii) ISTA has requested that such Product be on a Bill and Hold basis for legitimate business purposes, (iv) if no deli▇▇▇▇ date is determined at the time of billing, SP shall have the right to ship the Product to ISTA if SP does not receive a request for delivery within six (6) months after ISTA receives an invoice from SP, and (v) ISTA will be responsible for any decrease in market value of such Product that relates to factors and circumstances outside of SP's reasonable control. Upon request for shipment of such stored Product by ISTA, SP shall use commercially reasonable efforts to ship such Product within two (2) business days following confirmed receipt of such request, but in no event more than five (5) business days following confirmed receipt of such request. SP shall be entitled to ship to ISTA each Batch of Product stored at its facilities if SP does not receive a signed Bill and Hold Request covering such Batch within seven (7) business d▇▇▇ following a request for such Bill and Hold Request. If ISTA elects not to receive such Batch of Pr▇▇▇▇t at its facilities and ISTA has not provided a name and address of a qualified recipient of such Product within six (6) months of SP releasing the Product for ------------------------------------------------------------------------------- *An asterisk indicates confidential material has been omitted from this document and filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended. shipment, SP may request, and ISTA shall provide SP, within ten (10) business days of a written request from SP, with the name and address of a qualified recipient of such Product.
Bill and Hold. An Account generated by ▇▇▇ sale of goods for which an invoice has been issued to the buyer, but the goods represented by such Account remain undelivered to the buyer and/or under the control of Borrowers or Borrowers' representative.
Bill and Hold. Those Accounts ge▇▇▇▇ted by the sale of goods, for which an invoice has been issued to the buyer, but the goods represented by Accounts remain on the premises of the Borrowers.
Bill and Hold. Upon receipt of the Product at the Warehouse, WWT will invoice the Customer for the Product and title to the Product will pass to Customer.