Goods on consignment Sample Clauses

The 'Goods on consignment' clause defines the arrangement where a supplier delivers goods to a buyer, but ownership of the goods remains with the supplier until the goods are sold or otherwise used by the buyer. In practice, this means the buyer holds the goods in their inventory but does not pay for them until they are sold, and unsold goods can typically be returned to the supplier. This clause is essential for managing inventory risk, as it allows the buyer to stock goods without immediate financial commitment while ensuring the supplier retains ownership and control over unsold inventory.
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. 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 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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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. Inventory reserve amounts.
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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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Related to Goods on consignment

  • to Consignor In the event Collectable Sports Assets LLC is unable to successfully sell the minimum offering amount per item by the conclusion of the exclusive consignment term detailed in Exhibit A, the legal title and physical possession of consigned item(s) will be transferred back to the consignor. In addition, Collectable Sports Assets LLC will no longer be liable for any fees related to the consigned items maintenance, storage, or upkeep. In the event Collectable Sports Assets LLC does not disburse cash proceeds to the consignor within 60 days of a public offering completion on Collectable’s platform, full legal title and physical possession of the consigned item is transferred back to the consignor. Break Up Clause: The consignor and Collectable acknowledge the price volatility inherent in the collectibles market. In an attempt to provide fair and just valuations to both buyers and sellers on the platform, Collectable and consignor agree to the following terms: Should the consignor want to pull the item from the platform at any time (within 5 days prior to IPO), the consignor will pay Collectable $1,250 + $5,000. In exchange, Collectable reserves the right to rescind the consignment agreement at any point due to adverse price changes in the marketplace. In this scenario, Collectable will handle all fees related to returning the item back to the consignor, notably fully insured shipping costs. The Results: Upon completing a successful Offering (“Closing”), you will receive full payment in the amount of the “Consignment Price” less any retained equity.

  • Can I Roll Over or Transfer Amounts from Other IRAs You are allowed to “roll over” a distribution or transfer your assets from one ▇▇▇▇ ▇▇▇ to another without any tax liability. Rollovers between ▇▇▇▇ IRAs are permitted every 12 months and must be accomplished within 60 days after the distribution. Beginning in 2015, just one 60 day rollover is allowed in any 12 month period, inclusive of all Traditional, ▇▇▇▇, SEP, and SIMPLE IRAs owned. If you are single, head of household or married filing jointly, you may convert amounts from another individual retirement plan (such as a Traditional IRA) to a ▇▇▇▇ ▇▇▇, there are no AGI restrictions. Mandatory required minimum distributions from Traditional IRAs, must be removed from the Traditional IRA prior to conversion. Rollover amounts (except to the extent they represent non-deductible contributions) are includable in your income and subject to tax in the year of the conversion, but such amounts are not subject to the 10% penalty tax. However, if an amount rolled over from a Traditional IRA is distributed from the ▇▇▇▇ ▇▇▇ before the end of the five-tax-year period that begins with the first day of the tax year in which the rollover is made, a 10% penalty tax will apply. Effective in the tax year 2008, assets may be directly rolled over (converted) from a 401(k) Plan, 403(b) Plan or a governmental 457 Plan to a ▇▇▇▇ ▇▇▇. Subject to the foregoing limits, you may also directly convert a Traditional IRA to a ▇▇▇▇ ▇▇▇ with similar tax results. Furthermore, if you have made contributions to a Traditional IRA during the year in excess of the deductible limit, you may convert those non- deductible IRA contributions to contributions to a ▇▇▇▇ ▇▇▇ (assuming that you otherwise qualify to make a ▇▇▇▇ ▇▇▇ contribution for the year and subject to the contribution limit for a ▇▇▇▇ ▇▇▇). You must report a rollover or conversion from a Traditional IRA to a ▇▇▇▇ ▇▇▇ by filing Form 8606 as an attachment to your federal income tax return. Beginning in 2006, you may roll over amounts from a “designated ▇▇▇▇ ▇▇▇ account” established under a qualified retirement plan. ▇▇▇▇ ▇▇▇, ▇▇▇▇ 401(k) or ▇▇▇▇ 403(b) assets may only be rolled over either to another designated ▇▇▇▇ Qualified account or to a ▇▇▇▇ ▇▇▇. Upon distribution of employer sponsored plans the participant may roll designated ▇▇▇▇ assets into a ▇▇▇▇ ▇▇▇ but not into a Traditional IRA. In addition, ▇▇▇▇ assets cannot be rolled into a Profit-Sharing-only plan or pretax deferral-only 401(k) plan. In the event of your death, the designated beneficiary of your ▇▇▇▇ 401(k) or ▇▇▇▇ 403(b) Plan may have the opportunity to rollover proceeds from that Plan into a Beneficiary ▇▇▇▇ ▇▇▇ account. Strict limitations apply to rollovers, and you should seek competent advice in order to comply with all of the rules governing any type of rollover.

  • Protection of Right, Title and Interest to Receivables (a) The RPA Seller, at its expense, shall cause this Agreement and/or all financing statements and continuation statements and any other necessary documents covering the Purchaser’s right, title and interest to the Receivables and other property conveyed by the RPA Seller to the Purchaser hereunder to be promptly recorded, registered and filed, and at all times to be kept recorded, registered and filed, all in such manner and in such places as may be required by law fully to preserve and protect the right, title and interest of the Purchaser hereunder to all of the Receivables and such other property. The RPA Seller shall deliver to the Purchaser file-stamped copies of, or filing receipts for, any document recorded, registered or filed as provided above, as soon as available following such recording, registration or filing. The Purchaser shall cooperate fully with the RPA Seller in connection with the obligations set forth above and will execute any and all documents reasonably required to fulfill the intent of this subsection. (b) In the event that the RPA Seller makes any change in its name, identity or corporate structure which would make any financing statement or continuation statement filed in accordance with Section 5.02(a) seriously misleading within the meaning of Section 9-507(c) of the UCC as in effect in the applicable state, the RPA Seller shall give the Purchaser not less than five (5) days prior written notice of any such change and shall, within thirty (30) days of such change, execute and file such financing statements or amendments as may be necessary to continue the perfection of the Purchaser’s security interest in the Receivables and the proceeds thereof. (c) The RPA Seller will give the Purchaser prompt written notice of any relocation of any office from which the RPA Seller keeps records concerning the Receivables or of its principal executive office and whether, as a result of such relocation, the applicable provisions of the UCC would require the filing of any amendment of any previously filed financing or continuation statement or of any new financing statement and shall execute and file such financing statements or amendments as may be necessary to continue the perfection of the interest of the Purchaser in the Receivables and the proceeds thereof.

  • Proceeds from Shares Sold The Custodian shall receive funds representing cash payments received for Shares issued or sold from time to time by the Funds, and shall promptly credit such funds to the account(s) of the applicable Portfolio(s). The Custodian shall promptly notify each applicable Fund of Custodian's receipt of cash in payment for Shares issued by such Fund by facsimile transmission or in such other manner as the Fund and Custodian may agree in writing. Upon receipt of Proper Instructions, the Custodian shall: (a) deliver all federal funds received by the Custodian in payment for Shares in payment for such investments as may be set forth in such Proper Instructions and at a time agreed upon between the Custodian and the applicable Fund; and (b) make federal funds available to the applicable Fund as of specified times agreed upon from time to time by the applicable Fund and the Custodian, in the amount of checks received in payment for Shares which are deposited to the accounts of each applicable Portfolio.

  • Distributions Other Than Cash, Shares or Rights to Purchase Shares (a) Whenever the Company intends to distribute to the holders of Deposited Securities property other than cash, Shares or rights to purchase additional Shares, the Company shall give notice thereof to the Depositary at least 30 days prior to the proposed distribution and shall indicate whether or not it wishes such distribution to be made to Holders of ADSs. Upon receipt of a notice indicating that the Company wishes such distribution be made to Holders of ADSs, the Depositary shall determine whether such distribution to Holders is lawful and practicable. The Depositary shall not make such distribution unless (i) the Company shall have timely requested the Depositary to make such distribution to Holders, (ii) the Depositary shall have received satisfactory documentation within the terms of Section 5.7 hereof and (iii) the Depositary shall have determined that such distribution is lawful and reasonably practicable. (b) Upon receipt of satisfactory documentation and the request of the Company to distribute property to Holders of ADSs and after making the requisite determinations set forth in (a) above, the Depositary may distribute the property so received to the Holders of record as of the ADS Record Date, in proportion to the number of ADSs held by such Holders respectively and in such manner as the Depositary may deem practicable for accomplishing such distribution (i) upon receipt of payment or net of the applicable fees and charges of, and expenses incurred by, the Depositary and (ii) net of any taxes and/or other governmental charges. The Depositary may dispose of all or a portion of the property so distributed and deposited, in such amounts and in such manner (including public or private sale) as the Depositary may deem practicable or necessary to satisfy any taxes (including applicable interest and penalties) and other governmental charges applicable to the distribution. (c) If (i) the Company does not request the Depositary to make such distribution to Holders or requests the Depositary not to make such distribution to Holders, (ii) the Depositary does not receive satisfactory documentation within the terms of Section 5.7 hereof or (iii) the Depositary determines that all or a portion of such distribution is not reasonably practicable or feasible, the Depositary shall endeavor to sell or cause such property to be sold in a public or private sale, at such place or places and upon such terms as it may deem proper and shall distribute the net proceeds, if any, of such sale received by the Depositary (net of applicable fees and charges of, and expenses incurred by, the Depositary and/or a division or Affiliate(s) of the Depositary and taxes and/or governmental charges) to the Holders as of the ADS Record Date upon the terms of Section 4.1 hereof. If the Depositary is unable to sell such property, the Depositary may dispose of such property in any way it deems reasonably practicable under the circumstances for nominal or no consideration and Holders and Beneficial Owners shall have no rights thereto or arising therefrom.