Impress Stock Sample Clauses

Impress Stock. Some Clients will require a facility for batteries to be supplied under an impress stock arrangement and the Contractor must to able to provide this arrangement were necessary. The Contractor will liaise with the Client to determine the required levels of impress stock. The level of stock will be agreed by the Client and the Client has the right to review this as and when required throughout the lifetime of the contract. It will be the responsibility of the Contractor to identify slow moving or obsolete batteries within the imprest stock through onsite audits which shall take place at least every 3 months. During the checks new impress stock levels may be recommended by the Contractor for approval by the Client. Any items not used between audit periods may be removed from the imprest stock, only upon agreement with the Clients Contract Manager. The Client’s Contract Manager can agree with the Contractor to add contracted items to the imprest stock profile as required. Unless otherwise agreed with the Client, all impress stock must be removed at the Contractors expense, no sooner than 14 days before the termination of the agreement. If stock is not removed, the Client reserves the right to dispose by any means necessary and any costs incurred with the disposal will be re-charged to the Contractor. Prior to the end of the contract the Contractor and the Client may enter into good faith negotiations to determine a ‘buy-out’ price for any remaining impress stock. Where the Client does not wish to purchase the remaining impress stock, or a price cannot be agreed, the impress stock is to be removed by the Contractor at no expense to the Client.
Sample 1
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Related to Impress Stock

  • Limitation of Liability No provision hereof, in the absence of any affirmative action by the Holder to exercise this Warrant to purchase Warrant Shares, and no enumeration herein of the rights or privileges of the Holder, shall give rise to any liability of the Holder for the purchase price of any Common Stock or as a stockholder of the Company, whether such liability is asserted by the Company or by creditors of the Company.

  • Miscellaneous The Vendor acknowledges and agrees that continued participation in TIPS is subject to TIPS sole discretion and that any Vendor may be removed from the participation in the Program at any time with or without cause. Nothing in the Agreement or in any other communication between TIPS and the Vendor may be construed as a guarantee that TIPS or TIPS Members will submit any orders at any time. TIPS reserves the right to request additional proposals for items or services already on Agreement at any time.

  • Notices Any notice, request or other document required or permitted to be given or delivered to the Holder by the Company shall be delivered in accordance with the notice provisions of the Purchase Agreement.

  • Severability Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

  • General The Trustee shall keep proper books of record and account of all the transactions of each Trust under this Indenture at its corporate trust office, including a record of the name and address of, and the Units issued by each Trust and held by, every Unit holder, and such books and records of each Trust shall be open to inspection by any Unit holder of such Trust at all reasonable times during the usual business hours. The Trustee shall make such annual or other reports as may from time to time be required under any applicable state or federal statute or rule or regulations thereunder.

  • Confidentiality (a) Subject to Section 7.15(c), during the Term and for a period of three

  • Definitions As used in this Agreement:

  • Insurance The Company and the Subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as are prudent and customary in the businesses in which the Company and the Subsidiaries are engaged, including, but not limited to, directors and officers insurance coverage. Neither the Company nor any Subsidiary has any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business without a significant increase in cost.

  • Indemnification Notwithstanding any contrary provision contained in this Agreement, any election hereunder or any termination of this Agreement, and whether or not this Agreement is otherwise carried out, the provisions of Section 5 shall not be in any way affected by such election or termination or failure to carry out the terms of this Agreement or any part hereof.

  • Governing Law This Agreement shall be governed by and construed in accordance with the laws of the State of New York.

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