Common use of Determination and Payment of Resale Value Clause in Contracts

Determination and Payment of Resale Value. (a) The initial assessment and estimate will assume that such Devices are functional, complete, and in good cosmetic condition. It is an estimated price only and shall not be in any way considered the final purchase price for the Device. (b) After Device has been delivered by Customer to Lenovo at the pickup location, Lenovo will assess the condition of the Device and determine (a) which Devices have resale value and (b) the then current fair market value of such Devices. The list of such Devices and final purchase prices that Lenovo will pay to the Customer for such Devices will be set forth in the Settlement Report. The final purchase price may be greater or less than any estimated price provided to Customer. Devices, including Other Devices that are not in good condition or good working order, or that have missing components such as floppy drive, optical drive, memory, hard drive (if missing at the time of collection), power adaptor, battery, etc. may be deemed to have no resale value as determined solely by Xxxxxx. If a Device has cosmetic deficiencies or is in need of repairs, Lenovo may apply deductions to the value that otherwise would apply to such Device if it were in functional, complete and good cosmetic condition to account for cosmetic deficiencies or needed repairs. If the deductions exceed such value, the Device will be deemed to have no resale value. (c) Lenovo will pay Customer, upon Xxxxxx’s receipt of a Customer generated invoice, the final purchase price set forth in the Settlement Report within thirty (30) calendar days of delivery of the Settlement Report to Customer. Such invoice shall be in the applicable format to support regional and country transmission requirements.

Determination and Payment of Resale Value. (a) The initial assessment and estimate will assume that such Devices are functional, complete, and in good cosmetic condition. It is an estimated price only and shall not be in any way considered the final purchase price for the Device. (b) After Device has been delivered by Customer to Lenovo at the pickup location, Lenovo will assess the condition of the Device and determine (a) which Devices have resale value and (b) the then current fair market value of such Devices. The list of such Devices and final purchase prices that Lenovo will pay to the Customer for such Devices will be set forth in the Settlement Report. The final purchase price may be greater or less than any estimated price provided to Customer. Devices, including Other Devices that are not in good condition or good working order, or that have missing components such as floppy drive, optical drive, memory, hard drive (if missing at the time of collection), power adaptor, battery, etc. may be deemed to have no resale value as determined solely by XxxxxxLenovo. If a Device has cosmetic deficiencies or is in need of repairs, Lenovo may apply deductions to the value that otherwise would apply to such Device if it were in functional, complete and good cosmetic condition to account for cosmetic deficiencies or needed repairs. If the deductions exceed such value, the Device will be deemed to have no resale value. (c) Lenovo will pay Customer, upon Xxxxxx’s receipt of a Customer generated invoice, the final purchase price set forth in the Settlement Report within thirty (30) calendar days of delivery of the Settlement Report to Customer. Such invoice shall be in the applicable format to support regional and country transmission requirements.