Credit or Refund Clause Samples
The 'Credit or Refund' clause establishes the conditions under which a party is entitled to receive either a monetary refund or a credit toward future transactions. Typically, this clause applies when goods or services are returned, canceled, or not delivered as agreed, specifying whether the customer will get their money back or a credit balance for future use. Its core function is to provide clear remedies for dissatisfied parties, ensuring fairness and reducing disputes over how failed or incomplete transactions are resolved.
Credit or Refund. In the event that Products supplied by BioCheck under the terms of this Agreement is determined to be non-conforming Product, BioCheck shall reimburse diaDexus for the full purchase paid to BioCheck, if any, for such non-conforming Product.
Credit or Refund. If the Adjustment Note gives effect to a Decreasing Adjustment, the Supplier must pay to the Recipient the GST component of the Decreasing Adjustment not later than the fourteenth business day of the month following the month in which the Adjustment Note is issued to the Recipient.
Credit or Refund. In the event that Product supplied by Corgenix under the terms of this Agreement is determined to be non-conforming Product, Corgenix shall reimburse BG Medicine for the full purchase paid to Corgenix, if any, for such non-conforming Product. Such reimbursement shall also include the cost of the BGM Critical Components included in such non-conforming Product, if it is determined that Product failure is due to materials provided by or activities performed by Corgenix. If Product failure is due to failure of Critical Components provided by BG Medicine, BG Medicine shall be responsible to pay for Critical Components necessary for replacement Product or Lot.
Credit or Refund. If ASTI issues a credit or refund to a customer related to a particular sale upon which a commission has been paid, then at ASTI's election, either (A) Spectrum shall refund to ASTI a proportional amount of the commission Spectrum received because of such sale, or (B) ASTI shall deduct the same from future commissions Spectrum earns. The credit or refund shall be computed from prices then in effect, unless otherwise approved by ASTI. If a customer fails for any reason to pay for any Products shipped pursuant to a sale upon which a commission has been paid, then at ASTI's election, either (A) Spectrum shall refund a proportional amount of any commission Spectrum received with respect to such order, or (B) ASTI may deduct the same from future commissions Spectrum earns.
Credit or Refund. In the event that Cleavage Enzyme supplied by or on behalf of TWTI under the terms of this Agreement is determined to be non-conforming Cleavage Enzyme, TWTI shall credit ACLA for the full purchase paid to TWTI, if any, for such non-conforming Cleavage Enzyme.
Credit or Refund. If the Adjustment Note gives effect to a Decreasing Adjustment, the Supplier must pay to the Recipient the GST component of the Decreasing Adjustment not later than the fourteenth business day of the month following the month in which the Adjustment Note is issued to the Recipient.
1. Licensee: (ACE) Australian Cave Explorers Inc.
2. Land: The land referred to in Certificate of Title Volume 6124 Folio 978
3. Licence Fee: $20 per Diver per Dive Slot inclusive of GST (subject to any variation to the Licence Fee in accordance with clause 4.2.
Credit or Refund o Where fewer than 30 lessons are offered a credit will be issued for the following year, or a refund if there is no tuition in the following year. o For team taught whole class programmes, a partial refund will be due if more than three sessions in the year are taught with one teacher missing.
Credit or Refund. In the event that Products supplied by Corgenix under the terms of this Agreement is determined to be non-conforming Product, Corgenix shall reimburse diaDexus for the full purchase paid to Corgenix, if any, for such non-conforming Product if it is determined that Product failure is due to materials provided by or activities performed by Corgenix. If Product failure is due to failure of diaDexus Manufacturing Materials, diaDexus shall be responsible to pay for diaDexus Manufacturing Materials necessary for replacement Product or Lot.
Credit or Refund. In the event that Product supplied by Denka Seiken under the terms of this Agreement is determined to be nonconforming Product, Denka Seiken shall reimburse diaDexus for the full purchase price paid to Denka Seiken, if any, for such nonconforming Product.