Consignment Stock. This type of transaction involves the transfer of a stock of metal to another country, with no change in legal title. The stock is then sold by or on behalf of the owner.
Consignment Stock. From time to time the Vendor and the Purchaser may agree that Products may be supplied by the Vendor to the Purchaser on a consignment basis provided that ownership of such Products will remain vested in the Vendor until such time as the Purchaser has sold those Products to a third party on an arm’s length basis. Any agreement under this clause will include the price for the Products that the Vendor will accept from the Purchaser upon the Purchaser selling the goods to a third party.
Consignment Stock. Where indicated on the face of an Order or otherwise agreed between Buyer and Seller that Goods shall be delivered and managed under a consignment stock arrangement, transfer of title to Goods shall occur upon Buyer’s withdrawal of Goods from the designated consigned inventory area (“Consigned Inventory Area”). Buyer shall be under no obligation to withdraw Goods from the Consigned Inventory Area and may return unused Goods stored within the Consigned Inventory Area at any time without penalty or liability. Buyer shall submit a report of the withdrawn Goods and Seller shall issue the relevant invoice on the basis of this report.
Consignment Stock. The Agent shall ensure that it maintains at all times a consignment stock in its warehouse(s) indicated in Schedule 2 attached hereto (each, a "Warehouse") sufficient to accommodate the expected demand for Products from Qualified Clients in accordance with Section 6.1 (“Consignment Stock”). MOTIVA shall use commercially reasonable efforts to supply Agent’s Consignment Stock in accordance with the foregoing. Agent shall keep MOTIVA informed of Agent’s estimated demand for Products from Qualified Clients. The Warehouse(s) must at all times comply with the storage conditions for the Products as set forth in MOTIVA’s standard form of quality agreement, which the Parties shall enter into within thirty days of the Effective Date (the “Quality Agreement”), and other written instructions provided by MOTIVA from time to time.
Consignment Stock. CONSIGNEE shall use commercially reasonable efforts to ensure that it always maintains sufficient consignment stock in accordance with section 3.2. to accommodate the expected demand for Products, but, at a maximum, two (2) months of the total yearly expected purchases of the Products (the “Consignment Stock”).
Consignment Stock. All BX7 supplied to Supplier by Adolor is supplied as consignment stock and shall be clearly identified as the property of Adolor, shall be stored in compliance with cGMPs and maintained in the Facility, and shall at all times be owned by Adolor.
Consignment Stock. Tegal will supply to Noah Spare Parts on a consignment basis (the “Consignment Stock”) to meet Tegal’s projected warranty and certain routine service parts requirements for Customers in the Territory. The Consignment Stock shall be held by Noah at no charge and shall be subject, with reasonable notice by Tegal, to inspection, audit, removal and replacement by Tegal, as may from time to time be required. Noah shall promptly notify Tegal of any removal of Spare Parts from the Consignment Stock so that Tegal may invoice Noah and replace the Spare Part. Noah hereby agrees that no Spare Parts will be loaned to Customers or to any third party for any reason.
Consignment Stock. Wintec shall bear all risk of loss with respect to the Consignment Stock, including without limitation all risk of loss, damage or destruction by reason of casualty, negligence, theft or otherwise, while such Consignment Stock is in the possession or under the control of Wintec or during shipment to a Wintec Customer or Wintec CM. Title shall pass to Wintec immediately upon Wintec’s issuance (or deemed issuance pursuant to Section 12) of a Consignment Purchase Pull Notification, and any loss or damage thereafter shall not relieve Wintec from any obligation hereunder.
Consignment Stock. Induflex shall provide Products to Xxxxxx BVBA on a consignment basis, when and as ordered by Xxxxxx BVBA on such basis in accordance with the provisions hereof. Xxxxxx BVBA shall submit reports to Induflex, at least twice each month, indicating in reasonable detail the Products consumed or sold during the most recently concluded semi-monthly period, along with a purchase order for such Products. Induflex shall issue an invoice to Xxxxxx BVBA for the Products described in such purchase order, with payment therefor due net thirty (30) days from the date of such invoice; provided, that Induflex may, at its option, deliver an invoice to Xxxxxx BVBA for any Products consigned pursuant to this Section 2.3 that remain unused or unsold for more than three (3) months from the date of delivery. Xxxxxx BVBA shall keep such books and records as it deems reasonably necessary to record the consumption and sale of any consigned Products, which books and records shall be made available to Induflex for inspection in the premises of Xxxxxx BVBA upon reasonable request.
Consignment Stock. 6.1 BOPHELO shall be responsible for the DELIVERY of the CONTRACTUAL PRODUCTS . BOPHELO shall not pay for taxes and duties for the importation.
6.2 CANTOURAGE shall inform BOPHELO in due course whenever the quantity of CONTRACTUAL PRODUCTS and END PRODUCTS stored in the CONSIGNMENT STOCK falls below the MINIMUM QUANTITY.
6.3 CANTOURAGE shall provide to BOPHELO a FORECAST for the period beginning on 1 January 2022 or beginning no later then three weeks of recieving the expansion of the narcotics license which ever is the later. No later than ten (10) days prior to the first day of each subsequent calendar quarter, CANTOURAGE shall deliver to BOPHELO a FORECAST for the period beginning with the first day of such calendar quarter. FORECASTS are subject to RAP PLUS SERVICES and for informational purposes only. They do not create any binding obligations on behalf of either PARTY; provided, however, that BOPHELO shall not be required to manufacture and sell to CANTOURAGE any quantity of CONTRACTUAL PRODUCTS that is unreasonably disproportionate to any FORECAST for the period covered by such FORECAST.
6.4 Upon expiration or termination of this AGREEMENT without cause, CANTOURAGE shall destroy and dispose all remaining CONTRACTUAL PRODUCTS and END PRODUCTS from the CONSIGNMENT STOCK. BOPHELO shall bear all reasonable costs and expense incurred by CANTOURAGE for the distruction or disposal up to a maximum amount equaling an average cost of EUR 0,20 per gram. For each destroyed and disposed END PRODUCT, BOPHELO shall pay to CANTOURAGE the difference between the agreed PURCHASE PRICE and the AVERAGE SELLING PRICE plus statutory value added tax (if applicable).
6.5 Upon termination of this AGREEMENT for cause, CANTOURAGE shall destroy and dispose all remaining CONTRACTUAL PRODUCTS and END PRODUCTS from the CONSIGNMENT STOCK at costs and expense of CANTOURAGE. For each detroyed and disposed END PRODUCT, BOPHELO shall pay to CANTOURAGE only the costs of REFINEMENT.
