Intergraph Equipment Loaner Program Sample Clauses

Intergraph Equipment Loaner Program. There are two types of Product loans from the Distribution Center: (A) Loans within Intergraph for a specific promotional purpose such as a trade show, etc. or for quality testing purposes. For Products loaned on this basis, SCI will retain title and ownership, up through forty-five (45) days from the date the Product was received in the Distribution Center. Intergraph shall purchase from SCI at the then current pricing, any loaned equipment which is damaged to the point of not being eligible for refurbishment for any reason not caused by SCI. (B) All other loans within Intergraph or all Products loaned to a third party for any reason. For Products loaned on this basis, SCI shall invoice Intergraph on the date the Product is removed from the Distribution Center and Intergraph shall have title to the Products while it is on loan. (C) Intergraph represents and warrants that Exhibit G contains a complete and accurate list of the Initial Inventory on loan by Intergraph and conveyed but not physically transferred to SCI at Closing. With respect to each item of Initial Loaned Inventory, unless such item of Initial Loaned Inventory is returned to SCI prior to forty-five (45) days following the Closing Date, SCI shall invoice Intergraph for such item on the earlier of (i) the date such item is sold or (ii) forty-five (45) days from the Closing. In all cases, upon the return of loaned equipment to the Intergraph Distribution Center, SCI shall charge Intergraph on a time and materials basis based on mutually agreed standards and terms for the refurbishment of such loaned equipment. 11. FORECASTS, ORDERS & ADJUSTMENTS 11.1
Sample 1
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