Goods on consignment Sample Clauses

Goods on consignment. 6.1 Where Goods are supplied on consignment the following provisions apply specifically to those Goods: (a) the Goods shall be at the Buyer’s risk from the time of delivery and the Buyer shall be responsible for insuring the Goods. (b) the Buyer may retain possession of the Goods until the Buyer sells them or the Seller requires re-delivery of them to the Seller, whichever first occurs. (c) if the Seller requires re-delivery of the Goods such re-delivery shall be at the Buyer’s cost. (d) the Buyer shall notify the Seller on a fortnightly basis of all consignment Goods sold during that fortnightly period and shall within seven (7) days of that fortnightly advice pay the Seller for the Goods sold. (e) the Seller shall provide an invoice for Goods remaining unsold after a period of six (6) months.
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Goods on consignment. 1. In case of Goods on consignment, Supplier and SPP agree that Supplier will deposit Goods free of charge during a period agreed upon, whereby title and risk of these Goods will only pass in case SPP starts to use or consume the Goods. 2. Supplier will replenish the stock no later than on the first workday after SPP has announced that it has started to use the Goods. 3. Supplier will insure these Goods until the ownership has passed to SPP. 4. Supplier will invoice SPP for the Goods SPP has started to use. 5. Supplier may recall the Goods on consignment only after consulting with SPP. 6. In case, after SPP has approved and started to use the Goods, the Goods do not satisfy the relevant requirements, SPP is entitled to file a claim with Supplier within eight days of the discovery of any defect.
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Goods on consignment. 9.1 Where Goods are supplied on consignment the following provisions apply specifically to those Goods: (a) the Goods shall be at the Customer’s risk from the time of delivery and the Customer shall be responsible for insuring the Goods; and (b) the Customer may retain possession of the Goods until the Customer sells them or the Supplier requires re-delivery of them to the Supplier, whichever first occurs; and (c) if the Supplier requires re-delivery of the Goods such re-delivery shall be at the Customer’s cost; and (d) the Supplier shall fax the Customer a consignment form on a bi-monthly basis and the Customer shall notify the Supplier within forty-eight (48) hours of receipt by return fax or email of all consignment Goods sold during that that period and shall within seven (7) days of that bi-monthly advice pay the Supplier for the Goods sold. Failure to comply with confirmation will result in the Supplier right to invoice the Customer for all consignment Goods held in stock. 9.2 Furthermore, consignment Goods shall at all times remain the property of the Supplier and are returnable on demand by the Supplier. In the event that the consignment Goods are not returned to the Supplier in the condition in which the consignment Goods were delivered then the Supplier retains the right to charge the cost of repair or replacement of the consignment Goods. 9.3 The Customer further agrees that; (a) the Supplier have the right to inspect the consignment Goods at any time upon giving written notice to the Customer; and (b) the Supplier reserves the right to cease the supply of consignment Goods and enforce clause 9.2 if upon inspection it is found the consignment Goods totals do not correspond with information supplied by the Customer and/or the consignment Goods are not stored in accordance with the Supplier’s instructions.
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Goods on consignment. 1. In case of Goods on consignment, Supplier and Xxxxxxx agree that Supplier will deposit Goods free of charge during a period agreed upon, whereby title and risk of these Goods will only pass in case Sanquin starts to use or consume the Goods. 2. Supplier will replenish the stock no later than on the first workday after Xxxxxxx has announced that it has started to use the Goods. 3. Supplier will insure these Goods until the ownership has passed to Sanquin. 4. Supplier will invoice Sanquin for the Goods Sanquin has started to use. 5. Supplier may recall the Goods on consignment only after consulting with Xxxxxxx. 6. In case, after Xxxxxxx has approved and started to use the Goods, the Goods do not satisfy the relevant requirements, Xxxxxxx is entitled to file a claim with Supplier within eight days of the discovery of any defect.
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Goods on consignment. Inventory reserve amounts.
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Goods on consignment. 1. In case of Goods on consignment, Supplier and PROTHYA agree that Supplier will deposit Goods free of charge during a period agreed upon, whereby title and risk of these Goods will only pass in case PROTHYA starts to use or consume the Goods. 2. Supplier will replenish the stock no later than on the first workday after PROTHYA has announced that it has started to use the Goods. 3. Supplier will insure these Goods until the ownership has passed to PROTHYA. 4. Supplier will invoice PROTHYA for the Goods PROTHYA has started to use. 5. Supplier may recall the Goods on consignment only after consulting with PROTHYA. 6. In case, after PROTHYA has approved and started to use the Goods, the Goods do not satisfy the relevant requirements, PROTHYA is entitled to file a claim with Supplier within eight days of the discovery of any defect.
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Goods on consignment. 1. In case of Goods on consignment, Supplier and ESSANGE REAGENTS agree that Supplier will deposit Goods free of charge during a period agreed upon, whereby title and risk of these Goods will only pass in case ESSANGE REAGENTS starts to use or consume the Goods. 2. Supplier will replenish the stock no later than on the first workday after ESSANGE REAGENTS has announced that it has started to use the Goods. 3. Supplier will insure these Goods until the ownership has passed to ESSANGE REAGENTS. 4. Supplier will invoice ESSANGE REAGENTS for the Goods ESSANGE REAGENTS has started to use. 5. Supplier may recall the Goods on consignment only after consulting with ESSANGE REAGENTS. 6. In case, after ESSANGE REAGENTS has approved and started to use the Goods, the Goods do not satisfy the relevant requirements, ESSANGE REAGENTS is entitled to file a claim with Supplier within eight days of the discovery of any defect.
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Related to Goods on consignment

  • Consignment Inventory that is placed on consignment;

  • Consignments Consign any Inventory or sell any Inventory on xxxx and hold, sale or return, sale on approval, or other conditional terms of sale.

  • Relation to Other Security Documents The provisions of this Agreement shall be read and construed with the other Loan Documents referred to below in the manner so indicated.

  • Accounts Receivable; Inventory (a) For each Account with respect to which Advances are requested, on the date each Advance is requested and made, such Account shall be an Eligible Account. (b) All statements made and all unpaid balances appearing in all invoices, instruments and other documents evidencing the Eligible Accounts are and shall be true and correct and all such invoices, instruments and other documents, and all of Borrower’s Books are genuine and in all respects what they purport to be. Whether or not an Event of Default has occurred and is continuing, Bank may notify any Account Debtor owing Borrower money of Bank’s security interest in such funds and verify the amount of such Eligible Account. All sales and other transactions underlying or giving rise to each Eligible Account shall comply in all material respects with all applicable laws and governmental rules and regulations. Borrower has no knowledge of any actual or imminent Insolvency Proceeding of any Account Debtor whose accounts are Eligible Accounts in any Transaction Report. To the best of Borrower’s knowledge, all signatures and endorsements on all documents, instruments, and agreements relating to all Eligible Accounts are genuine, and all such documents, instruments and agreements are legally enforceable in accordance with their terms. (c) For any item of Inventory consisting of Eligible Inventory in any Transaction Report, such Inventory (i) consists of finished goods, in good, new, and salable condition, which is not perishable, returned, consigned, obsolete, not sellable, damaged, or defective, and is not comprised of demonstrative or custom inventory, works in progress, packaging or shipping materials, or supplies; (ii) meets all applicable governmental standards; (iii) has been manufactured in compliance with the Fair Labor Standards Act; (iv) is not subject to any Liens, except the first priority Liens granted or in favor of Bank under this Agreement or any of the other Loan Documents; and (v) is located at the locations identified by Borrower in the Perfection Certificate where it maintains Inventory (or any location permitted under Section 7.2).

  • Warehouse Receipts Non-Negotiable To the extent practicable, each Assignor agrees that if any warehouse receipt or receipt in the nature of a warehouse receipt is issued with respect to any of its Inventory, such Assignor shall request that such warehouse receipt or receipt in the nature thereof shall not be “negotiable” (as such term is used in Section 7-104 of the Uniform Commercial Code as in effect in any relevant jurisdiction or under other relevant law).

  • Collateral Held by Warehouseman, Bailee, etc If any Collateral is at any time in the possession or control of a warehouseman, bailee, agent or processor of such Grantor, (i) notify the Administrative Agent of such possession or control, (ii) notify such Person of the Administrative Agent’s security interest in such Collateral, (iii) instruct such Person to hold all such Collateral for the Administrative Agent’s account and subject to the Administrative Agent’s instructions and (iv) use commercially reasonable efforts to obtain an acknowledgment from such Person that it is holding such Collateral for the benefit of the Administrative Agent.

  • Authorization of Receipt of Funds by the Trustee Under the Security Documents Subject to the provisions of the Intercreditor Agreement, the Trustee is authorized to receive any funds for the benefit of the Holders distributed under the Security Documents, and to make further distributions of such funds to the Holders according to the provisions of this Indenture.

  • Promissory Notes and Tangible Chattel Paper If the Debtor shall at any time hold or acquire any promissory notes or tangible chattel paper, the Debtor shall forthwith endorse, assign and deliver the same to the Secured Party, accompanied by such instruments of transfer or assignment duly executed in blank as the Secured Party may from time to time specify.

  • Accounts Receivable; Accounts Payable (a) All accounts receivable of the Acquired Companies and their Subsidiaries, whether reflected on the Company Balance Sheet or subsequently created, are valid receivables that have arisen from bona fide transactions in the ordinary course of business consistent with past practice. All such accounts receivable are good and collectible (and subject to no setoffs or counterclaims) at the aggregate recorded amounts thereof, net of any applicable reserves for doubtful accounts reflected on the Company Balance Sheet as adjusted for operations and transactions through the Closing Date in accordance with past custom and practice of the Acquired Companies; provided, however, that nothing in the foregoing shall be construed as a guarantee of collectability. Each of the Acquired Companies and their Subsidiaries have good and marketable title to their respective accounts receivable, free and clear of all Liens, except for Permitted Liens. Since the Balance Sheet Date, there have not been any write-offs as uncollectible of any notes or accounts receivable of any of the Acquired Companies or any of their Subsidiaries, except for write-offs as uncollectible of doubtful accounts reflected on the Company Balance Sheet as adjusted for operations and transactions through the Closing Date in accordance with past custom and practice of the Acquired Companies. (b) All accounts payable and notes payable of the Acquired Companies and their Subsidiaries, whether reflected on the Company Balance Sheet or subsequently created, are valid payables that have arisen from bona fide transactions in the ordinary course of business consistent with past practice. Since the Balance Sheet Date, the Acquired Companies and their Subsidiaries have paid their accounts payable in the ordinary course of their business and in a manner which is consistent with past practices.

  • FUNDS AVAILABLE UNDER THE CONTRACTS ALL SERIES I SHARES AND SERIES II SHARES OF AIM VARIABLE INSURANCE FUNDS (INVESCO VARIABLE INSURANCE FUNDS)

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