Bill and Hold Sample Clauses

Bill and Hold. An Account generated by xxx 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.
Sample 1
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Bill and Hold. Those Accounts gexxxxted 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.
Sample 1
Bill and Hold. ISTA may request in writing that SP store Product at ixx xacilities for a period of time prior to shipment ("Bill and Hold"). Such request shall be in writing in substantially thx xxrm attached to this Agreement as Exhibit C. For each Bill and Hold, ISTA acknowledges that (i) ISTA has made a fixed commixxxxt 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 delixxxx 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 dxxx following a request for such Bill and Hold Request. If ISTA elects not to receive such Batch of Prxxxxt 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.
Sample 1
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.
Sample 1

Related to Bill and Hold

  • Principal and Interest This Note will bear interest in the same manner as set forth in Section 3(a) above, and payments of principal and interest shall be made as set forth on the face hereof. Discount Notes may not bear any interest currently or may bear interest at a rate that is below market rates at the time of issuance. The difference between the Issue Price of a Discount Note and par is referred to as the “Discount”.

  • Late Charges Lessee hereby acknowledges that late payment by Lessee to Lessor of rent and other sums due hereunder will cause Lessor to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed upon Lessor by the terms of any ground lease, mortgage or deed of trust covering the Premises. Accordingly, if any installment of rent or other sum due from Lessee shall not be received by Lessor or Lessor's designee within ten (10) days after such amount shall be due, then, without any requirement for notice to Lessee, Lessee shall pay to Lessor a late charge equal to six percent (6%) of such overdue amount. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Lessor will incur by reason of late payment by Lessee. Acceptance of such late charge by Lessor shall in no event constitute a waiver of Lessee's Default or Breach with respect to such overdue amount, nor prevent Lessor from exercising any of the other rights and remedies granted hereunder. In the event that a late charge is payable hereunder, whether or not collected, for three (3) consecutive installments of Base Rent, then notwithstanding Paragraph 4.1 or any other provision of this Lease to the contrary, Base Rent shall, at Lessor's option, become due and payable quarterly in advance.

  • Late Charge and Interest The late payment of any Rent will cause Landlord to incur additional costs, including administration and collection costs and processing and accounting expenses and increased debt service ("Delinquency Costs"). If Landlord has not received any installment of Rent within five (5) days after such amount is due, Tenant shall pay a late charge of five percent (5%) of the delinquent amount, which is agreed to represent a reasonable estimate of the Delinquency Costs incurred by Landlord. In addition, all such delinquent amounts shall bear interest from the date such amount was due until paid in full at a rate per annum ("Applicable Interest Rate") equal to the lesser of (a) the maximum interest rate permitted by law or (b) five percent (5%) above the rate publicly announced by Bank of America, N.A. (or if Bank of America, N.A. ceases to exist, the largest bank then headquartered in the State of California) ("Bank") as its "Reference Rate". If the use of the announced Reference Rate is discontinued by the Bank, then the term Reference Rate shall mean the announced rate charged by the Bank which is, from time to time, substituted for the Reference Rate. Landlord and Tenant recognize that the damage which Landlord shall suffer as a result of Tenant's failure to pay such amounts is difficult to ascertain and said late charge and interest are the best estimate of the damage which Landlord shall suffer in the event of late payment. If a late charge becomes payable for any three (3) installments of Rent within any twelve (12) month period, then the Rent shall automatically become due and payable quarterly in advance.

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