Consignee Agrees. 1.1 To accept on consignment a minimum order of 100 books of 20 First Class Stamps (currently valued at $1,000.00) and a maximum of $ in face value of United States Postal Service® (“USPS®”) postage, subject to credit limitation as established by Contractor, in its sole discretion. The total value of consigned postage, as replenished, and sales proceeds on hand may not exceed the maximum value without modification to this Agreement. Consigned postage may include First-Class Mail® postage, Express Mail® postage, Priority Mail® postage, or such other postage as the parties mutually agree upon, subject to minimum orders Contractor may set for the type of postage ordered. 1.2 To sell postage on a consignment basis to the public for no more than face value, and to advertise and promote the consignment with materials as may be provided by Contractor. If provided materials by the Contractor stating “Buy Stamps Here at Post Office™ Prices,” the Consignee will only use such materials if the Consignee sells stamps at face value. The Consignee also agrees not to charge its customers a surcharge, handling fee, stocking fee, or any other type of extra fee over and above the face value of the stamps. The Consignee also agrees that it shall not be permitted to charge the Contractor a surcharge, handling fee, stocking fee, or any other fee in any event including in connection with Consignee’s permitted return of postage. 1.3 The Consignee agrees that both the Contractor and the USPS® may use Consignee’s name and or/address, as well as the names and/or addresses of the outlets through which Consignee sells postage, in advertising, promotional or other material, in any medium, for the purpose of providing information to postal customers. This use may include the inclusion in a USPS® online search function, or mailings to USPS® customers regarding the locations where stamps can be purchased. The Contractor will obtain additional written consent for any use beyond providing the Consignee’s name and/or addresses of specific locations where stamps are available to USPS® customers. 1.4 To ensure payments for the full face value of consigned stock delivered under this Agreement are in the USPS® lockbox account no later than thirty (30) calendar days after receipt of stamp stock by Consignee, and to order replenishments as needed. Consignee must examine orders upon receipt, and notify Contractor of any discrepancies within 24 hours of receipt. 1.5 To follow the return procedures of the SoC program. Under certain circumstances, including but not limited to, damage, obsolescence, and location(s) closing, Consignee may return postage. 1.6 To be fully responsible for consigned postage from their receipt until their sale, and for sales proceeds until their deposit in the USPS® lockbox account, which includes responsibility for any loss of such postage or sales proceeds unless such loss is caused by the negligence or unlawful act of employees or agents of Contractor or Citibank. Assignment of any of Consignee’s interests or obligations hereunder is prohibited without the prior written approval of Contractor, which approval will not be unreasonably withheld. 1.7 To provide the Contractor, prior to shipment of the initial order, and quarterly thereafter, a list of outlets, with addresses, through which Consignee sells postage. 1.8 To allow the USPS® or their designated representative to examine stamp inventory and any documents relating to the consignment, upon reasonable notice and during normal business hours, while this Agreement is in effect and for one year thereafter. 1.9 To notify the Contractor in writing within 5 calendar days of any transfer of majority ownership or control. Consignee also agrees to notify the Contractor in writing prior to the initiation of conservatorship, receivership or bankruptcy proceedings. The notice must include: 1) a report describing the postage and sales payments for which the Consignee is responsible on the date of notice; and, if applicable, 2) a copy of any such proceeding that was filed. 1.10 That at the conclusion of this Stamps on Consignment Agreement, the Consignee shall immediately remove all advertising relative to this program from their premises. This includes signage, decals, brochures, and any other items displaying USPS® logos or trademarks. 1.11 That Contractor is entitled to assert any claim which USPS has against Consignee for the cost or value of USPS postage delivered to Consignee under this Agreement and that Consignee shall not challenge Contractor’s authority to do so. See Exhibit 1 attached hereto and made a part hereof evidencing such authority of Contractor. 1.12 This Agreement shall be deemed to involve a consignment whereby neither Contractor nor Consignee receives title to the USPS postage, it being understood that title to the USPS postage shall remain with the USPS until the postage has been paid for by Consignee. Consignee acknowledges and agrees that the USPS’ rights with respect to consigned postage are governed by Federal common law consignment principles and the need for national uniformity in the distribution of USPS postage. 1.13 That the Consignee shall hold the proceeds from the sale of the consigned USPS postage in trust for the benefit of the USPS until the time that the Consignee has actually paid the USPS for the consigned USPS postage. 1.14 Notwithstanding the foregoing, if a court finds that this agreement does not create a common law consignment and title to the USPS postage consigned to Consignee hereunder is deemed to have passed to the Consignee, Consignee hereby grants Contractor a first priority purchase money security interest and lien in consigned USPS postage delivered under this Agreement and
Appears in 2 contracts
Samples: Stamp Consignment Agreement, Stamp Consignment Agreement
Consignee Agrees. 1.1 To accept on consignment a minimum order of 100 books 200 ATM sheets of 20 18 First Class Stamps (currently valued at $1,000.001,764.00) and a maximum of $ in face value of United States Postal Service® (“USPS®”) postage, subject to credit limitation as established by Contractor, in its sole discretion. The total value of consigned postage, as replenished, and sales proceeds on hand may not exceed the maximum value without modification to this Agreement. Consigned postage may include First-Class Mail® postage, Express Mail® postage, Priority Mail® postage, or such other postage as the parties mutually agree upon, subject to minimum orders Contractor may set for the type of postage ordered.
1.2 To sell ATM postage on a consignment basis to the public for no more than face value, and to advertise and promote the consignment with materials as may be provided by Contractor. The Consignee may charge customers a separate transaction fee. There must be a clear distinction to the customers that the additional transaction fee is being charged. The Consignee is solely responsible for the setting, alteration, or customer notification as the amount of such fee. If provided materials by the Contractor stating “Buy Stamps Here at Post Office™ Prices,” the Consignee will only use such materials if the Consignee sells stamps at face value. The Consignee also agrees not to charge its customers a surcharge, handling fee, stocking fee, or any other type of extra fee over and above the face value of the stamps, other than the transaction fee provided for in this paragraph. The Consignee also agrees that it shall not be permitted to charge the Contractor a surcharge, handling fee, stocking fee, or any other fee in any event including in connection with Consignee’s permitted return of postage.
1.3 The Consignee agrees that both the Contractor and the USPS® may use Consignee’s name and or/address, as well as the names and/or addresses of the outlets through which Consignee sells postage, in advertising, promotional or other material, in any medium, for the purpose of providing information to postal customers. This use may include the inclusion in a USPS® online search function, or mailings to USPS® customers regarding the locations where stamps can be purchased. The Contractor will obtain additional written consent for any use beyond providing the Consignee’s name and/or addresses of specific locations where stamps are available to USPS® customers.
1.4 To ensure payments for the full face value of consigned stock delivered under this Agreement are in the USPS® lockbox account no later than thirty (30) calendar days after receipt of stamp stock by Consignee, and to order replenishments as needed. Consignee must examine orders upon receipt, and notify Contractor of any discrepancies within 24 hours of receipt.
1.5 To follow the return procedures of the SoC program. Under certain circumstances, including but not limited to, damage, obsolescence, and location(s) closing, Consignee may return postage.
1.6 To be fully responsible for consigned postage from their receipt until their sale, and for sales proceeds until their deposit in the USPS® lockbox account, which includes responsibility for any loss of such postage or sales proceeds unless such loss is caused by the negligence or unlawful act of employees or agents of Contractor or Citibank. Assignment of any of Consignee’s interests or obligations hereunder is prohibited without the prior written approval of Contractor, which approval will not be unreasonably withheld.
1.7 To provide the Contractor, prior to shipment of the initial order, and quarterly thereafter, a list of outlets, with addresses, through which Consignee sells postage.
1.8 To allow the USPS® or their designated representative to examine stamp inventory and any documents relating to the consignment, upon reasonable notice and during normal business hours, while this Agreement is in effect and for one year thereafter.
1.9 To notify the Contractor in writing within 5 calendar days of any transfer of majority ownership or control. Consignee also agrees to notify the Contractor in writing prior to the initiation of conservatorship, receivership or bankruptcy proceedings. The notice must include: 1) a report describing the postage and sales payments for which the Consignee is responsible on the date of notice; and, if applicable, 2) a copy of any such proceeding that was filed.
1.10 That at the conclusion of this Stamps on Consignment Agreement, the Consignee shall immediately remove all advertising relative to this program from their premises. This includes signage, decals, brochures, and any other items displaying USPS® logos or trademarks.
1.11 That Contractor is entitled to assert any claim which USPS has against Consignee for the cost or value of USPS postage delivered to Consignee under this Agreement and that Consignee shall not challenge Contractor’s authority to do so. See Exhibit 1 attached hereto and made a part hereof evidencing such authority of Contractor.
1.12 This Agreement shall be deemed to involve a consignment whereby neither Contractor nor Consignee receives title to the USPS postage, it being understood that title to the USPS postage shall remain with the USPS until the postage has been paid for by Consignee. Consignee acknowledges and agrees that the USPS’ rights with respect to consigned postage are governed by Federal common law consignment principles and the need for national uniformity in the distribution of USPS postage.
1.13 That the Consignee shall hold the proceeds from the sale of the consigned USPS postage in trust for the benefit of the USPS until the time that the Consignee has actually paid the USPS for the consigned USPS postage.
1.14 Notwithstanding the foregoing, if a court finds that this agreement does not create a common law consignment and title to the USPS postage consigned to Consignee hereunder is deemed to have passed to the Consignee, Consignee hereby grants Contractor a first priority purchase money security interest and lien in consigned USPS postage delivered under this Agreement andand proceeds thereof to secure payment and performance of Consignee under this Agreement. Consignee hereby authorizes Contractor to file any financing statement deemed necessary by Contractor to perfect its security interest in the USPS postage delivered to Consignee under this Agreement without the signature of Consignee. If Consignee defaults under this Agreement, Contractor will have all rights and remedies under applicable law, including, if applicable as aforesaid, rights and remedies as a secured creditor under Article 9 of the UCC.
Appears in 1 contract
Samples: Consignment Agreement
Consignee Agrees. 1.1 To accept on consignment a minimum order of 100 books 200 ATM sheets of 20 18 First Class Stamps (currently valued at $1,000.001,764.00) and a maximum of $ in face value of United States Postal Service® (“USPS®”) postage, subject to credit limitation as established by Contractor, in its sole discretion. The total value of consigned postage, as replenished, and sales proceeds on hand may not exceed the maximum value without modification to this Agreement. Consigned postage may include First-Class Mail® postage, Express Mail® postage, Priority Mail® postage, or such other postage as the parties mutually agree upon, subject to minimum orders Contractor may set for the type of postage ordered.
1.2 To sell ATM postage on a consignment basis to the public for no more than face value, and to advertise and promote the consignment with materials as may be provided by Contractor. The Consignee may charge customers a separate transaction fee. There must be a clear distinction to the customers that the additional transaction fee is being charged. The Consignee is solely responsible for the setting, alteration, or customer notification as the amount of such fee. If provided materials by the Contractor stating “Buy Stamps Here at Post Office™ Prices,” the Consignee will only use such materials if the Consignee sells stamps at face value. The Consignee also agrees not to charge its customers a surcharge, handling fee, stocking fee, or any other type of extra fee over and above the face value of the stamps, other than the transaction fee provided for in this paragraph. The Consignee also agrees that it shall not be permitted to charge the Contractor a surcharge, handling fee, stocking fee, or any other fee in any event including in connection with Consignee’s permitted return of postage.
1.3 The Consignee agrees that both the Contractor and the USPS® may use Consignee’s name and or/address, as well as the names and/or addresses of the outlets through which Consignee sells postage, in advertising, promotional or other material, in any medium, for the purpose of providing information to postal customers. This use may include the inclusion in a USPS® online search function, or mailings to USPS® customers regarding the locations where stamps can be purchased. The Contractor will obtain additional written consent for any use beyond providing the Consignee’s name and/or addresses of specific locations where stamps are available to USPS® customers.
1.4 To ensure payments for the full face value of consigned stock delivered under this Agreement are in the USPS® lockbox account no later than thirty (30) calendar days after receipt of stamp stock by Consignee, and to order replenishments as needed. Consignee must examine orders upon receipt, and notify Contractor of any discrepancies within 24 hours of receipt.
1.5 To follow the return procedures of the SoC program. Under certain circumstances, including but not limited to, damage, obsolescence, and location(s) closing, Consignee may return postage.
1.6 To be fully responsible for consigned postage from their receipt until their sale, and for sales proceeds until their deposit in the USPS® lockbox account, which includes responsibility for any loss of such postage or sales proceeds unless such loss is caused by the negligence or unlawful act of employees or agents of Contractor or Citibank. Assignment of any of Consignee’s interests or obligations hereunder is prohibited without the prior written approval of Contractor, which approval will not be unreasonably withheld.
1.7 To provide the Contractor, prior to shipment of the initial order, and quarterly thereafter, a list of outlets, with addresses, through which Consignee sells postage.
1.8 To allow the USPS® or their designated representative to examine stamp inventory and any documents relating to the consignment, upon reasonable notice and during normal business hours, while this Agreement is in effect and for one year thereafter.
1.9 To notify the Contractor in writing within 5 calendar days of any transfer of majority ownership or control. Consignee also agrees to notify the Contractor in writing prior to the initiation of conservatorship, receivership or bankruptcy proceedings. The notice must include: 1) a report describing the postage and sales payments for which the Consignee is responsible on the date of notice; and, if applicable, 2) a copy of any such proceeding that was filed.
1.10 That at the conclusion of this Stamps on Consignment Agreement, the Consignee shall immediately remove all advertising relative to this program from their premises. This includes signage, decals, brochures, and any other items displaying USPS® logos or trademarks.
1.11 That Contractor is entitled to assert any claim which USPS has against Consignee for the cost or value of USPS postage delivered to Consignee under this Agreement and that Consignee shall not challenge Contractor’s authority to do so. See Exhibit 1 attached hereto and made a part hereof evidencing such authority of Contractor.
1.12 This Agreement shall be deemed to involve a consignment whereby neither Contractor nor Consignee receives title to the USPS postage, it being understood that title to the USPS postage shall remain with the USPS until the postage has been paid for by Consignee. Consignee acknowledges and agrees that the USPS’ rights with respect to consigned postage are governed by Federal common law consignment principles and the need for national uniformity in the distribution of USPS postage.
1.13 That the Consignee shall hold the proceeds from the sale of the consigned USPS postage in trust for the benefit of the USPS until the time that the Consignee has actually paid the USPS for the consigned USPS postage.
1.14 Notwithstanding the foregoing, if a court finds that this agreement does not create a common law consignment and title to the USPS postage consigned to Consignee hereunder is deemed to have passed to the Consignee, Consignee hereby grants Contractor a first priority purchase money security interest and lien in consigned USPS postage delivered under this Agreement andand proceeds thereof to secure payment and performance of Consignee under this Agreement.
Appears in 1 contract
Samples: Consignment Agreement
Consignee Agrees. 1.1 To accept on consignment a minimum order of 100 books of 20 First Class Stamps (currently valued at $1,000.00980.00) and a maximum of $ in face value of United States Postal Service® (“USPS®”) postage, subject to credit limitation as established by Contractor, in its sole discretion. The total value of consigned postage, as replenished, and sales proceeds on hand may not exceed the maximum value without modification to this Agreement. Consigned postage may include First-Class Mail® postage, Express Mail® postage, Priority Mail® postage, or such other postage as the parties mutually agree upon, subject to minimum orders Contractor may set for the type of postage ordered.
1.2 To sell postage on a consignment basis to the public for no more than face value, and to advertise and promote the consignment with materials as may be provided by Contractor. If provided materials by the Contractor stating “Buy Stamps Here at Post Office™ Prices,” the Consignee will only use such materials if the Consignee sells stamps at face value. The Consignee also agrees not to charge its customers a surcharge, handling fee, stocking fee, or any other type of extra fee over and above the face value of the stamps. The Consignee also agrees that it shall not be permitted to charge the Contractor a surcharge, handling fee, stocking fee, or any other fee in any event including in connection with Consignee’s permitted return of postage.
1.3 The Consignee agrees that both the Contractor and the USPS® may use Consignee’s name and or/address, as well as the names and/or addresses of the outlets through which Consignee sells postage, in advertising, promotional or other material, in any medium, for the purpose of providing information to postal customers. This use may include the inclusion in a USPS® online search function, or mailings to USPS® customers regarding the locations where stamps can be purchased. The Contractor will obtain additional written consent for any use beyond providing the Consignee’s name and/or addresses of specific locations where stamps are available to USPS® customers.
1.4 To ensure payments for the full face value of consigned stock delivered under this Agreement are in the USPS® lockbox account no later than thirty (30) calendar days after receipt of stamp stock by Consignee, and to order replenishments as needed. Consignee must examine orders upon receipt, and notify Contractor of any discrepancies within 24 hours of receipt.
1.5 To follow the return procedures of the SoC program. Under certain circumstances, including but not limited to, damage, obsolescence, and location(s) closing, Consignee may return postage.
1.6 To be fully responsible for consigned postage from their receipt until their sale, and for sales proceeds until their deposit in the USPS® lockbox account, which includes responsibility for any loss of such postage or sales proceeds unless such loss is caused by the negligence or unlawful act of employees or agents of Contractor or Citibank. Assignment of any of Consignee’s interests or obligations hereunder is prohibited without the prior written approval of Contractor, which approval will not be unreasonably withheld.
1.7 To provide the Contractor, prior to shipment of the initial order, and quarterly thereafter, a list of outlets, with addresses, through which Consignee sells postage.
1.8 To allow the USPS® or their designated representative to examine stamp inventory and any documents relating to the consignment, upon reasonable notice and during normal business hours, while this Agreement is in effect and for one year thereafter.
1.9 To notify the Contractor in writing within 5 calendar days of any transfer of majority ownership or control. Consignee also agrees to notify the Contractor in writing prior to the initiation of conservatorship, receivership or bankruptcy proceedings. The notice must include: 1) a report describing the postage and sales payments for which the Consignee is responsible on the date of notice; and, if applicable, 2) a copy of any such proceeding that was filed.
1.10 That at the conclusion of this Stamps on Consignment Agreement, the Consignee shall immediately remove all advertising relative to this program from their premises. This includes signage, decals, brochures, and any other items displaying USPS® logos or trademarks.
1.11 That Contractor is entitled to assert any claim which USPS has against Consignee for the cost or value of USPS postage delivered to Consignee under this Agreement and that Consignee shall not challenge Contractor’s authority to do so. See Exhibit 1 attached hereto and made a part hereof evidencing such authority of Contractor.
1.12 This Agreement shall be deemed to involve a consignment whereby neither Contractor nor Consignee receives title to the USPS postage, it being understood that title to the USPS postage shall remain with the USPS until the postage has been paid for by Consignee. Consignee acknowledges and agrees that the USPS’ rights with respect to consigned postage are governed by Federal common law consignment principles and the need for national uniformity in the distribution of USPS postage.
1.13 That the Consignee shall hold the proceeds from the sale of the consigned USPS postage in trust for the benefit of the USPS until the time that the Consignee has actually paid the USPS for the consigned USPS postage.
1.14 Notwithstanding the foregoing, if a court finds that this agreement does not create a common law consignment and title to the USPS postage consigned to Consignee hereunder is deemed to have passed to the Consignee, Consignee hereby grants Contractor a first priority purchase money security interest and lien in consigned USPS postage delivered under this Agreement andand proceeds thereof to secure payment and performance of Consignee under this Agreement. Consignee hereby authorizes Contractor to file any financing statement deemed necessary by Contractor to perfect its security interest in the USPS postage delivered to Consignee under this Agreement without the signature of Consignee. If Consignee defaults under this Agreement, Contractor will have all rights and remedies under applicable law, including, if applicable as aforesaid, rights and remedies as a secured creditor under Article 9 of the UCC.
Appears in 1 contract
Samples: Stamp Consignment Agreement
Consignee Agrees. 1.1 To accept on consignment a minimum order of 100 books of 20 First Class Stamps (currently valued at $1,000.00880.00) and a maximum of $ in face value of United States Postal Service® (“USPS®”) postage, subject to credit limitation as established by Contractor, in its sole discretion. The total value of consigned postage, as replenished, and sales proceeds on hand may not exceed the maximum value without modification to this Agreement. Consigned postage may include First-Class Mail® postage, Express Mail® postage, Priority Mail® postage, or such other postage as the parties mutually agree upon, subject to minimum orders Contractor may set for the type of postage ordered.
1.2 To sell postage on a consignment basis to the public for no more than face value, and to advertise and promote the consignment with materials as may be provided by Contractor. If provided materials by the Contractor stating “Buy Stamps Here at Post Office™ Prices,” the Consignee will only use such materials if the Consignee sells stamps at face value. The Consignee also agrees not to charge its customers a surcharge, handling fee, stocking fee, or any other type of extra fee over and above the face value of the stamps. The Consignee also agrees that it shall not be permitted to charge the Contractor a surcharge, handling fee, stocking fee, or any other fee in any event including in connection with Consignee’s permitted return of postage.
1.3 The Consignee agrees that both the Contractor and the USPS® may use Consignee’s name and or/address, as well as the names and/or addresses of the outlets through which Consignee sells postage, in advertising, promotional or other material, in any medium, for the purpose of providing information to postal customers. This use may include the inclusion in a USPS® online search function, or mailings to USPS® customers regarding the locations where stamps can be purchased. The Contractor will obtain additional written consent for any use beyond providing the Consignee’s name and/or addresses of specific locations where stamps are available to USPS® customers.
1.4 To ensure payments for the full face value of consigned stock delivered under this Agreement are in the USPS® lockbox account no later than thirty (30) calendar days after receipt of stamp stock by Consignee, and to order replenishments as needed. Consignee must examine orders upon receipt, and notify Contractor of any discrepancies within 24 hours of receipt.
1.5 To follow the return procedures of the SoC program. Under certain circumstances, including but not limited to, damage, obsolescence, and location(s) closing, Consignee may return postage.
1.6 To be fully responsible for consigned postage from their receipt until their sale, and for sales proceeds until their deposit in the USPS® lockbox account, which includes responsibility for any loss of such postage or sales proceeds unless such loss is caused by the negligence or unlawful act of employees or agents of Contractor or Citibank. Assignment of any of Consignee’s interests or obligations hereunder is prohibited without the prior written approval of Contractor, which approval will not be unreasonably withheld.
1.7 To provide the Contractor, prior to shipment of the initial order, and quarterly thereafter, a list of outlets, with addresses, through which Consignee sells postage.
1.8 To allow the USPS® or their designated representative to examine stamp inventory and any documents relating to the consignment, upon reasonable notice and during normal business hours, while this Agreement is in effect and for one year thereafter.
1.9 To notify the Contractor in writing within 5 calendar days of any transfer of majority ownership or control. Consignee Xxxxxxxxx also agrees to notify the Contractor in writing prior to the initiation of conservatorship, receivership or bankruptcy proceedings. The notice must include: 1) a report describing the postage and sales payments for which the Consignee is responsible on the date of notice; and, if applicable, 2) a copy of any such proceeding that was filed.
1.10 That at the conclusion of this Stamps on Consignment Agreement, the Consignee shall immediately remove all advertising relative to this program from their premises. This includes signage, decals, brochures, and any other items displaying USPS® logos or trademarks.
1.11 That Contractor is entitled to assert any claim which USPS has against Consignee for the cost or value of USPS postage delivered to Consignee under this Agreement and that Consignee shall not challenge Contractor’s authority to do so. See Exhibit 1 attached hereto and made a part hereof evidencing such authority of Contractor.
1.12 This Agreement shall be deemed to involve a consignment whereby neither Contractor nor Consignee receives title to the USPS postage, it being understood that title to the USPS postage shall remain with the USPS until the postage has been paid for by Consignee. Consignee acknowledges and agrees that the USPS’ rights with respect to consigned postage are governed by Federal common law consignment principles and the need for national uniformity in the distribution of USPS postage.
1.13 That the Consignee shall hold the proceeds from the sale of the consigned USPS postage in trust for the benefit of the USPS until the time that the Consignee has actually paid the USPS for the consigned USPS postage.
1.14 Notwithstanding the foregoing, if a court finds that this agreement does not create a common law consignment and title to the USPS postage consigned to Consignee hereunder is deemed to have passed to the Consignee, Consignee hereby grants Contractor a first priority purchase money security interest and lien in consigned USPS postage delivered under this Agreement andand proceeds thereof to secure payment and performance of Consignee under this Agreement. Consignee hereby authorizes Contractor to file any financing statement deemed necessary by Contractor to perfect its security interest in the USPS postage delivered to Consignee under this Agreement without the signature of Consignee. If Consignee defaults under this Agreement, Contractor will have all rights and remedies under applicable law, including, if applicable as aforesaid, rights and remedies as a secured creditor under Article 9 of the UCC.
Appears in 1 contract
Samples: Stamp Consignment Agreement
Consignee Agrees. 1.1 To accept on consignment a minimum order of 100 books of 20 First Class Stamps (currently valued priced at $1,000.00current USPS First Class mail rates) and a maximum of $ in face value of United States Postal Service® (“USPS®”) postage, subject to credit limitation as established by Contractor, in its sole discretion. The total value of consigned postage, as replenished, and sales proceeds on hand may not exceed the maximum value without modification to this Agreement. Consigned postage may include First-Class Mail® postage, Express Mail® postage, Priority Mail® postage, or such other postage as the parties mutually agree agreed upon, subject to minimum orders Contractor may set for the type of postage ordered.
1.2 To sell postage on a consignment basis to the public for no more than face value, and to advertise and promote the consignment with materials as may be provided by Contractor. If provided materials by the Contractor stating “Buy Stamps Here at Post Office™ Prices,” the Consignee will only use such materials if the Consignee sells stamps at face value. Any other advertising materials using USPS marks or images must be approved by USPS via the Contractor. The Consignee also agrees not to charge its customers a surcharge, handling fee, stocking fee, or any other type of extra fee over and above the face value of the stamps. The Consignee also agrees that it shall not be permitted to charge the Contractor a surcharge, handling fee, stocking fee, or any other fee in any event including in connection with Consignee’s permitted return of postage.
1.3 The Consignee agrees that That both the Contractor and the USPS® may use Consignee’s name and or/address, as well as the names and/or addresses of the outlets through which Consignee sells postage, in advertising, promotional or other material, in any medium, for the purpose of providing information to postal customers. This use may include the inclusion in a USPS® online search function, or mailings to USPS® customers regarding the locations where stamps can be purchased. The Contractor will obtain additional written consent for any use beyond providing the Consignee’s name and/or addresses of specific locations where stamps are available to USPS® customers.
1.4 To ensure payments for the full face value of consigned stock delivered under this Agreement are in the USPS® lockbox account no later than thirty (30) calendar days after receipt of stamp stock by Consignee, and to order replenishments as needed. Consignee must examine orders upon receipt, and notify Contractor of any discrepancies within 24 hours of receipt.
1.5 To follow the return postage procedures of the SoC StG program for any returns permitted under the program. Under certain circumstances, including but not limited to, damage, obsolescence, and location(s) closingAll returns must be approved by the Contractor in advance. If returned postage has been paid for, Consignee may return postagewill receive a credit or refund based upon the amount paid for the shipment. If Consignee requests a credit, this credit must be used within 90 days, or the Contractor will request a refund on behalf of the Consignee.
1.6 To be fully responsible for consigned postage from their receipt until their sale, and for sales proceeds until their deposit in the USPS® lockbox account, which includes responsibility for any loss of such postage or sales proceeds unless such loss is caused by the negligence or unlawful act of employees or agents of Contractor or Citibank. Assignment of any of Consignee’s interests or obligations hereunder is prohibited without the prior written approval of Contractor, which approval will not be unreasonably withheld.
1.7 To provide the Contractor, prior to shipment of the initial order, and quarterly thereafter, a list of outlets, with addresses, through which Consignee sells postage.
1.8 To allow the USPS® or their designated representative to examine stamp inventory and any documents relating to the consignment, upon reasonable notice and during normal business hours, while this Agreement is in effect and for one year thereafter.
1.9 To notify the Contractor in writing within 5 calendar days of any transfer of majority ownership or control. Consignee also agrees to notify the Contractor in writing prior to the initiation of conservatorship, receivership or bankruptcy proceedings. The notice must include: 1) a report describing the postage and sales payments for which the Consignee is responsible on the date of notice; and, if applicable, 2) a copy of any such proceeding that was filed.
1.10 That at the conclusion of this Stamps on Consignment Agreement, the Consignee shall immediately remove all advertising relative to this program from their premises. This includes signage, decals, brochures, and any other items displaying USPS® logos or trademarks.
1.11 That Contractor is entitled to assert any claim which USPS has against Consignee for the cost or value of USPS postage delivered to Consignee under this Agreement and that Consignee shall not challenge Contractor’s authority to do so. See Exhibit 1 attached hereto and made a part hereof evidencing such authority of Contractor.
1.12 This Agreement shall be deemed to involve a consignment whereby neither Contractor nor Consignee receives title to the USPS postage, it being understood that title to the USPS postage shall remain with the USPS until the postage has been paid for by Consignee. Consignee acknowledges and agrees that the USPS’ rights with respect to consigned postage are governed by Federal common law consignment principles and the need for national uniformity in the distribution of USPS postage.
1.13 That the Consignee shall hold the proceeds from the sale of the consigned USPS postage in trust for the benefit of the USPS until the time that the Consignee has actually paid the USPS for the consigned USPS postage.
1.14 Notwithstanding the foregoing, if a court finds that this agreement does not create a common law consignment and title to the USPS postage consigned to Consignee hereunder is deemed to have passed to the Consignee, Consignee hereby grants Contractor a first priority purchase money security interest and lien in consigned USPS postage delivered under this Agreement andsecurity
Appears in 1 contract
Samples: Stamp Consignment Agreement
Consignee Agrees. 1.1 To accept on consignment a minimum order of 100 books 200 ATM sheets of 20 18 First Class Stamps (currently valued at $1,000.001,800.00) and a maximum of $ in face value of United States Postal Service® (“USPS®”) postage, subject to credit limitation as established by Contractor, in its sole discretion. The total value of consigned postage, as replenished, and sales proceeds on hand may not exceed the maximum value without modification to this Agreement. Consigned postage may include First-Class Mail® postage, Express Mail® postage, Priority Mail® postage, or such other postage as the parties mutually agree upon, subject to minimum orders Contractor may set for the type of postage ordered.
1.2 To sell ATM postage on a consignment basis to the public for no more than face value, and to advertise and promote the consignment with materials as may be provided by Contractor. The Consignee may charge customers a separate transaction fee. There must be a clear distinction to the customers that the additional transaction fee is being charged. The Consignee is solely responsible for the setting, alteration, or customer notification as the amount of such fee. If provided materials by the Contractor stating “Buy Stamps Here at Post Office™ Prices,” the Consignee will only use such materials if the Consignee sells stamps at face value. The Consignee also agrees not to charge its customers a surcharge, handling fee, stocking fee, or any other type of extra fee over and above the face value of the stamps, other than the transaction fee provided for in this paragraph. The Consignee also agrees that it shall not be permitted to charge the Contractor a surcharge, handling fee, stocking fee, or any other fee in any event including in connection with Consignee’s permitted return of postage.
1.3 The Consignee agrees that both the Contractor and the USPS® may use Consignee’s name and or/address, as well as the names and/or addresses of the outlets through which Consignee sells postage, in advertising, promotional or other material, in any medium, for the purpose of providing information to postal customers. This use may include the inclusion in a USPS® online search function, or mailings to USPS® customers regarding the locations where stamps can be purchased. The Contractor will obtain additional written consent for any use beyond providing the Consignee’s name and/or addresses of specific locations where stamps are available to USPS® customers.
1.4 To ensure payments for the full face value of consigned stock delivered under this Agreement are in the USPS® lockbox account no later than thirty (30) calendar days after receipt of stamp stock by Consignee, and to order replenishments as needed. Consignee must examine orders upon receipt, and notify Contractor of any discrepancies within 24 hours of receipt.
1.5 To follow the return procedures of the SoC program. Under certain circumstances, including but not limited to, damage, obsolescence, and location(s) closing, Consignee may return postage.
1.6 To be fully responsible for consigned postage from their receipt until their sale, and for sales proceeds until their deposit in the USPS® lockbox account, which includes responsibility for any loss of such postage or sales proceeds unless such loss is caused by the negligence or unlawful act of employees or agents of Contractor or Citibank. Assignment of any of Consignee’s interests or obligations hereunder is prohibited without the prior written approval of Contractor, which approval will not be unreasonably withheld.
1.7 To provide the Contractor, prior to shipment of the initial order, and quarterly thereafter, a list of outlets, with addresses, through which Consignee sells postage.
1.8 To allow the USPS® or their designated representative to examine stamp inventory and any documents relating to the consignment, upon reasonable notice and during normal business hours, while this Agreement is in effect and for one year thereafter.
1.9 To notify the Contractor in writing within 5 calendar days of any transfer of majority ownership or control. Consignee also agrees to notify the Contractor in writing prior to the initiation of conservatorship, receivership or bankruptcy proceedings. The notice must include: 1) a report describing the postage and sales payments for which the Consignee is responsible on the date of notice; and, if applicable, 2) a copy of any such proceeding that was filed.
1.10 That at the conclusion of this Stamps on Consignment Agreement, the Consignee shall immediately remove all advertising relative to this program from their premises. This includes signage, decals, brochures, and any other items displaying USPS® logos or trademarks.
1.11 That Contractor is entitled to assert any claim which USPS has against Consignee for the cost or value of USPS postage delivered to Consignee under this Agreement and that Consignee shall not challenge Contractor’s authority to do so. See Exhibit 1 attached hereto and made a part hereof evidencing such authority of Contractor.
1.12 This Agreement shall be deemed to involve a consignment whereby neither Contractor nor Consignee receives title to the USPS postage, it being understood that title to the USPS postage shall remain with the USPS until the postage has been paid for by Consignee. Consignee acknowledges and agrees that the USPS’ rights with respect to consigned postage are governed by Federal common law consignment principles and the need for national uniformity in the distribution of USPS postage.
1.13 That the Consignee shall hold the proceeds from the sale of the consigned USPS postage in trust for the benefit of the USPS until the time that the Consignee has actually paid the USPS for the consigned USPS postage.
1.14 Notwithstanding the foregoing, if a court finds that this agreement does not create a common law consignment and title to the USPS postage consigned to Consignee hereunder is deemed to have passed to the Consignee, Consignee hereby grants Contractor a first priority purchase money security interest and lien in consigned USPS postage delivered under this Agreement andand proceeds thereof to secure payment and performance of Consignee under this Agreement.
Appears in 1 contract
Samples: Stamp Consignment Agreement
Consignee Agrees. 1.1 To accept on consignment a minimum order of 100 books 200 ATM sheets of 20 18 First Class Stamps (currently valued at $1,000.001,584.00) and a maximum of $ in face value of United States Postal Service® (“USPS®”) postage, subject to credit limitation as established by Contractor, in its sole discretion. The total value of consigned postage, as replenished, and sales proceeds on hand may not exceed the maximum value without modification to this Agreement. Consigned postage may include First-Class Mail® postage, Express Mail® postage, Priority Mail® postage, or such other postage as the parties mutually agree upon, subject to minimum orders Contractor may set for the type of postage ordered.
1.2 To sell ATM postage on a consignment basis to the public for no more than face value, and to advertise and promote the consignment with materials as may be provided by Contractor. The Consignee may charge customers a separate transaction fee. There must be a clear distinction to the customers that the additional transaction fee is being charged. The Consignee is solely responsible for the setting, alteration, or customer notification as the amount of such fee. If provided materials by the Contractor stating “Buy Stamps Here at Post Office™ Prices,” the Consignee will only use such materials if the Consignee sells stamps at face value. Prior to usage, Consignee must submit to the Contractor for approval any advertising or promotional materials Consignee desires to use that were not provided by the Contractor. Consignee will not use such advertising or promotional materials until authorized in writing to do so by the Contractor. The Consignee also agrees Contractor cannot to charge its customers a surcharge, handling fee, stocking fee, authorize the use of advertising or any other type of extra fee over and above promotion materials containing USPS Intellectual Property without the face value express written consent of the stampsUSPS. The Consignee also agrees understands that the Contractor will submit such materials to USPS® for review, and that such review may take at least 15 calendar days. If Consignee has not received approval or disapproval within 20 calendar days, the submission shall be deemed disapproved. Consignee further understands that it shall not be permitted may have to charge the Contractor enter a surcharge, handling fee, stocking fee, written licensing agreement with USPS® for use of certain USPS® corporate marks or any other fee in any event including in connection with Consignee’s permitted return of postagelicensed images.
1.3 The Consignee agrees that both the Contractor and the USPS® may use Consignee’s name and or/address, as well as the names and/or addresses of the outlets through which Consignee sells postage, in advertising, promotional or other material, in any medium, for the purpose of providing information to postal customers. This use may include the inclusion in a USPS® online search function, or mailings to USPS® customers regarding the locations where stamps can be purchased. The Contractor will obtain additional written consent for any use beyond providing the Consignee’s name and/or addresses of specific locations where stamps are available to USPS® customers.
1.4 To ensure payments for the full face value of consigned stock delivered under this Agreement are in the USPS® lockbox account no later than thirty (30) calendar days after receipt of stamp stock by Consignee, and to order replenishments as needed. Consignee must examine orders upon receipt, and notify Contractor of any discrepancies within 24 hours of receipt.
1.5 To follow the return procedures of the SoC program. Under certain circumstances, including but not limited to, damage, obsolescence, and location(s) closing, Consignee may return postage. If returned postage has been paid for, Consignee will receive a credit or refund. If Consignee requests a credit, this credit must be used within 90 days, or the Contractor will request a refund on behalf of the Consignee. All returns must be approved by the Contractor in advance.
1.6 To be fully responsible for consigned postage from their receipt until their sale, and for sales proceeds until their deposit in the USPS® lockbox account, which includes responsibility for any loss of such postage or sales proceeds unless such loss is caused by the negligence or unlawful act of employees or agents of Contractor or Citibank. Assignment of any of Consignee’s interests or obligations hereunder is prohibited without the prior written approval of Contractor, which approval will not be unreasonably withheld.
1.7 To provide the Contractor, prior to shipment of the initial order, and quarterly thereafter, a list of outlets, with addresses, through which Consignee sells postage.
1.8 To allow the USPS® or their designated representative to examine stamp inventory and any documents relating to the consignment, upon reasonable notice and during normal business hours, while this Agreement is in effect and for one year thereafter.
1.9 To notify the Contractor in writing within 5 calendar days of any transfer of majority ownership or control. Consignee also agrees to notify the Contractor in writing prior to the initiation of conservatorship, receivership or bankruptcy proceedings. The notice must include: 1) a report describing the postage and sales payments for which the Consignee is responsible on the date of notice; and, if applicable, 2) a copy of any such proceeding that was filed.
1.10 That at the conclusion of this Stamps on Consignment Agreement, the Consignee shall immediately remove all advertising relative to this program from their premises. This includes signage, decals, brochures, and any other items displaying USPS® logos or trademarks.
1.11 That Contractor is entitled to assert any claim which USPS has against Consignee for the cost or value of USPS postage delivered to Consignee under this Agreement and that Consignee shall not challenge Contractor’s authority to do so. See Exhibit 1 attached hereto and made a part hereof evidencing such authority of Contractor.
1.12 This Agreement shall be deemed to involve a consignment whereby neither Contractor nor Consignee receives title to the USPS postage, it being understood that title to the USPS postage shall remain with the USPS until the postage has been paid for by Consignee. Consignee acknowledges and agrees that the USPS’ rights with respect to consigned postage are governed aregoverned by Federal common law consignment principles and the need for national uniformity in the distribution of USPS postage.
1.13 That the Consignee shall hold the proceeds from the sale of the consigned USPS postage in trust for the benefit of the USPS until the time that the Consignee has actually paid the USPS for the consigned USPS postage.
1.14 Notwithstanding the foregoing, if a court finds that this agreement does not create a common law consignment and title to the USPS postage consigned to Consignee hereunder is deemed to have passed to the Consignee, Consignee hereby grants Contractor a first priority purchase money security interest and lien in consigned USPS postage delivered under this Agreement and
Appears in 1 contract
Samples: Stamp Consignment Agreement
Consignee Agrees. 1.1 To accept on consignment a minimum order of 100 books of 20 First Class Stamps (currently valued at $1,000.00980.00) and a maximum of $ in face value of United States Postal Service® (“USPS®”) postage, subject to credit limitation as established by Contractor, in its sole discretion. The total value of consigned postage, as replenished, and sales proceeds on hand may not exceed the maximum value without modification to this Agreement. Consigned postage may include First-Class Mail® postage, Express Mail® postage, Priority Mail® postage, or such other postage as the parties mutually agree upon, subject to minimum orders Contractor may set for the type of postage ordered.
1.2 To sell postage on a consignment basis to the public for no more than face value, and to advertise and promote the consignment with materials as may be provided by Contractor. If provided materials by the Contractor stating “Buy Stamps Here at Post Office™ Prices,” the Consignee will only use such materials if the Consignee sells stamps at face value. The Consignee also agrees not to charge its customers a surcharge, handling fee, stocking fee, or any other type of extra fee over and above the face value of the stamps. The Consignee also agrees that it shall not be permitted to charge the Contractor a surcharge, handling fee, stocking fee, or any other fee in any event including in connection with Consignee’s permitted return of postage.
1.3 The Consignee agrees that both the Contractor and the USPS® may use Consignee’s name and or/address, as well as the names and/or addresses of the outlets through which Consignee sells postage, in advertising, promotional or other material, in any medium, for the purpose of providing information to postal customers. This use may include the inclusion in a USPS® online search function, or mailings to USPS® customers regarding the locations where stamps can be purchased. The Contractor will obtain additional written consent for any use beyond providing the Consignee’s name and/or addresses of specific locations where stamps are available to USPS® customers.
1.4 To ensure payments for the full face value of consigned stock delivered under this Agreement are in the USPS® lockbox account no later than thirty (30) calendar days after receipt of stamp stock by Consignee, and to order replenishments as needed. Consignee must examine orders upon receipt, and notify Contractor of any discrepancies within 24 hours of receipt.
1.5 To follow the return procedures of the SoC program. Under certain circumstances, including but not limited to, damage, obsolescence, and location(s) closing, Consignee may return postage.
1.6 To be fully responsible for consigned postage from their receipt until their sale, and for sales proceeds until their deposit in the USPS® lockbox account, which includes responsibility for any loss of such postage or sales proceeds unless such loss is caused by the negligence or unlawful act of employees or agents of Contractor or Citibank. Assignment of any of Consignee’s interests or obligations hereunder is prohibited without the prior written approval of Contractor, which approval will not be unreasonably withheld.
1.7 To provide the Contractor, prior to shipment of the initial order, and quarterly thereafter, a list of outlets, with addresses, through which Consignee sells postage.
1.8 To allow the USPS® or their designated representative to examine stamp inventory and any documents relating to the consignment, upon reasonable notice and during normal business hours, while this Agreement is in effect and for one year thereafter.
1.9 To notify the Contractor in writing within 5 calendar days of any transfer of majority ownership or control. Consignee also agrees to notify the Contractor in writing prior to the initiation of conservatorship, receivership or bankruptcy proceedings. The notice must include: 1) a report describing the postage and sales payments for which the Consignee is responsible on the date of notice; and, if applicable, 2) a copy of any such proceeding that was filed.
1.10 That at the conclusion of this Stamps on Consignment Agreement, the Consignee shall immediately remove all advertising relative to this program from their premises. This includes signage, decals, brochures, and any other items displaying USPS® logos or trademarks.
1.11 That Contractor is entitled to assert any claim which USPS has against Consignee for the cost or value of USPS postage delivered to Consignee under this Agreement and that Consignee shall not challenge Contractor’s authority to do so. See Exhibit 1 attached hereto and made a part hereof evidencing such authority of Contractor.
1.12 This Agreement shall be deemed to involve a consignment whereby neither Contractor nor Consignee receives title to the USPS postage, it being understood that title to the USPS postage shall remain with the USPS until the postage has been paid for by Consignee. Consignee acknowledges and agrees that the USPS’ rights with respect to consigned postage are governed by Federal common law consignment principles and the need for national uniformity in the distribution of USPS postage.
1.13 That the Consignee shall hold the proceeds from the sale of the consigned USPS postage in trust for the benefit of the USPS until the time that the Consignee has actually paid the USPS for the consigned USPS postage.
1.14 Notwithstanding the foregoing, if a court finds that this agreement does not create a common law consignment and title to the USPS postage consigned to Consignee hereunder is deemed to have passed to the Consignee, Consignee hereby grants Contractor a first priority purchase money security interest and lien in consigned USPS postage delivered under this Agreement andand proceeds thereof to secure payment and performance of Consignee under this Agreement.
Appears in 1 contract
Samples: Stamp Consignment Agreement
Consignee Agrees. 1.1 To accept on consignment a minimum order of 100 books of 20 First Class Stamps or 20 coils of First Class Stamps (currently valued at $1,000.00920.00) and a maximum of $ in face value of United States Postal Service® (“USPS®”) postage, subject to credit limitation as established by Contractor, in its sole discretion. The total value of consigned postage, as replenished, and sales proceeds on hand may not exceed the maximum value without modification to this Agreement. Consigned postage may include First-Class Mail® postage, Express Mail® postage, Priority Mail® postage, or such other postage as the parties mutually agree upon, subject to minimum orders Contractor may set for the type of postage ordered.of
1.2 To sell postage on a consignment basis to the public for no more than face value, and to advertise and promote the consignment with materials as may be provided by Contractor. If provided materials by the Contractor stating “Buy Stamps Here at Post Office™ Prices,” the Consignee will only use such materials if the Consignee sells stamps at face value. The Consignee also agrees not to charge its customers a surcharge, handling fee, stocking fee, or any other type of extra fee over and above the face value of the stamps. The Consignee also agrees that it shall not be permitted to charge the Contractor a surcharge, handling fee, stocking fee, or any other fee in any event including in connection with Consignee’s permitted return of postage.
1.3 The Consignee agrees that both the Contractor and the USPS® may use Consignee’s name and or/address, as well as the names and/or addresses of the outlets through which Consignee sells postage, in advertising, promotional or other material, in any medium, for the purpose of providing information to postal customers. This use may include the inclusion in a USPS® online search function, or mailings to USPS® customers regarding the locations where stamps can be purchased. The Contractor will obtain additional written consent for any use beyond providing the Consignee’s name and/or addresses of specific locations where stamps are available to USPS® customers.
1.4 To ensure payments for the full face value of consigned stock delivered under this Agreement are in the USPS® lockbox account no later than thirty (30) calendar days after receipt of stamp stock by Consignee, and to order replenishments as needed. Consignee must examine orders upon receipt, and notify Contractor of any discrepancies within 24 hours of receipt.
1.5 To follow the return procedures of the SoC program. Under certain circumstances, including but not limited to, damage, obsolescence, and location(s) closing, Consignee may return postage. If returned postage has been paid for, Consignee will receive a credit or refund. If Consignee requests a credit, this credit must be used within 90 days, or the Contractor will request a refund on behalf of the Consignee. All returns must be approved by the Contractor in advance.
1.6 To be fully responsible for consigned postage from their receipt until their sale, and for sales proceeds until their deposit in the USPS® lockbox account, which includes responsibility for any loss of such postage or sales proceeds unless such loss is caused by the negligence or unlawful act of employees or agents of Contractor or Citibank. Assignment of any of Consignee’s interests or obligations hereunder is prohibited without the prior written approval of Contractor, which approval will not be unreasonably withheld.
1.7 To provide the Contractor, prior to shipment of the initial order, and quarterly thereafter, a list of outlets, with addresses, through which Consignee sells postage.
1.8 To allow the USPS® or their designated representative to examine stamp inventory and any documents relating to the consignment, upon reasonable notice and during normal business hours, while this Agreement is in effect and for one year thereafter.
1.9 To notify the Contractor in writing within 5 calendar days of any transfer of majority ownership or control. Consignee also agrees to notify the Contractor in writing prior to the initiation of conservatorship, receivership or bankruptcy proceedings. The notice must include: 1) a report describing the postage and sales payments for which the Consignee is responsible on the date of notice; and, if applicable, 2) a copy of any such proceeding that was filed.
1.10 That at the conclusion of this Stamps on Consignment Agreement, the Consignee shall immediately remove all advertising relative to this program from their premises. This includes signage, decals, brochures, and any other items displaying USPS® logos or trademarks.This
1.11 That Contractor is entitled to assert any claim which USPS has against Consignee for the cost or value of USPS postage delivered to Consignee under this Agreement and that Consignee shall not challenge Contractor’s authority to do so. See Exhibit 1 attached hereto and made a part hereof evidencing such authority of Contractor.
1.12 This Agreement shall be deemed to involve a consignment whereby neither Contractor nor Consignee receives title to the USPS postage, it being understood that title to the USPS postage shall remain with the USPS until the postage has been paid for by Consignee. Consignee acknowledges and agrees that the USPS’ rights with respect to consigned postage are governed by Federal common law consignment principles and the need for national uniformity in the distribution of USPS postage.
1.13 That the Consignee shall hold the proceeds from the sale of the consigned USPS postage in trust for the benefit of the USPS until the time that the Consignee has actually paid the USPS for the consigned USPS postage.
1.14 Notwithstanding the foregoing, if a court finds that this agreement does not create a common law consignment and title to the USPS postage consigned to Consignee hereunder is deemed to have passed to the Consignee, Consignee hereby grants Contractor a first priority purchase money security interest and lien in consigned USPS postage delivered under this Agreement andand proceeds thereof to secure payment and performance of Consignee under this Agreement. Consignee hereby authorizes Contractor to file any financing statement deemed necessary by Contractor to perfect its security interest in the USPS postage delivered to Consignee under this Agreement without the signature of Consignee. If Consignee defaults under this Agreement, Contractor will have all rights and remedies under applicable law, including, if applicable as aforesaid, rights and remedies as a secured creditor under Article 9 of the UCC.
Appears in 1 contract
