Consignment Transactions Sample Clauses
The Consignment Transactions clause defines the terms under which goods are delivered by one party (the consignor) to another (the consignee) for the purpose of sale, while ownership remains with the consignor until the goods are sold. Typically, this clause outlines responsibilities for storage, insurance, and reporting of inventory, as well as procedures for returning unsold goods or remitting payment for sold items. Its core function is to clarify the rights and obligations of both parties in consignment arrangements, thereby reducing misunderstandings and allocating risk regarding unsold inventory.
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Consignment Transactions. Except pursuant to this Credit Agreement, the Borrower will not, nor will the Borrower permit or suffer any of its Subsidiaries to, enter into any consignment transactions, including consignments of Precious Metal; provided, that the Borrower or its Subsidiaries may enter into arrangements for consignments of inventory from vendors in the ordinary course of business, consistent with past practices.
Consignment Transactions. Except pursuant to this Credit Agreement, the Borrower will not, nor will the Borrower permit or suffer any of its Subsidiaries to, enter into any consignment transactions as the consignee or buyer thereunder, including consignments of Precious Metal, except for (a) deliveries of diamonds to the Borrower on "approval" in the ordinary course of business and (b) deliveries by Specified Refiners of refined Precious Metal to the Borrower as credits against amounts of unrefined Precious Metal sent by the Borrower to such Specified Refiners for refining in the ordinary course of business to the extent such delivery of Precious Metal to the Borrower is deemed to be done on a consignment basis.
Consignment Transactions. 68 9.11 Transactions with Affiliates.................................................................. 68 9.12 Subsidiaries.................................................................................. 68 9.13 Issuance of Equity Securities................................................................. 68 10.
Consignment Transactions. 101 12.12. Transactions with Affiliates. ..............................101 12.13. Subsidiaries. ..............................................101 12.14. Limitations on Mexican Subsidiary. .........................101 13. FINANCIAL COVENANTS OF THE BORROWER. ..................................102 13.1. Senior Funded Debt to EBITDA. ...............................102 13.2.