Consignment Stock. 1.1 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 Buyer shall submit a report of the withdrawn Goods and Seller shall issue the relevant invoice on the basis of this report.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. 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. VAT Analysis The transfer of own metal to another member state is deemed to be a supply of goods by the owner. The owner will then make supplies of goods in that other member state when a sale of the metal is made. The important point is that at the time of movement of the metal, there is no specific customer for the goods. Where metal is transferred to a country outside the EU in this way, there is no supply for VAT purposes, but the export should be supported by appropriate commercial evidence to prove removal of the metal.
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 kept segregated and maintained in the Facility, and shall at all times be owned by Adolor.
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. Wintec Industries, Inc. - NetLogic Microsystems, Inc. & NetLogic Microsystems International Ltd. ***Confidential Treatment Requested
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. 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. 5.4.1 All Consignment Stock is the exclusive property of COMPANY, and MANUFACTURER shall hold Consignment Stock in trust for COMPANY. Title to each item of Consignment Stock shall remain in COMPANY until (a) MANUFACTURER withdraws such item from Consignment Stock to use in manufacturing Products or (b) MANUFACTURER returns such item of Consignment Stock to COMPANY at COMPANY’S request.
