Common use of Material Surplus Clause in Contracts

Material Surplus. Material Surplus is defined to be material manufactured by Seller in advance of normal flow time or delivery of any Material in advance of Buyer's schedule. Should at any xxxx Xxxxxx have a Material Surplus made to Buyer’s specification, Seller will not sell the Material Surplus to anyone but Buyer. If Buyer chooses to not purchase said Material Surplus product, Seller guarantees to destroy Material Surplus within 30 days of Buyer’s decision to not purchase. Seller will certify the destruction of the Material Surplus, specifying the quantity of product destroyed and method of destruction, within 3 days of occurrence of destruction. Seller will be responsible for all costs incurred as a part of said destruction and Buyer will have no liability to, or duty to pay or reimburse, Seller for Material Surplus.

Appears in 4 contracts

Samples: Terms and Conditions of Purchase, Purchase Agreement, Purchase Agreement

AutoNDA by SimpleDocs

Material Surplus. Material Surplus is defined to be material manufactured manufacture by Seller in advance of normal flow time or delivery of any Material good in advance of Buyer's schedule. Should at any xxxx Xxxxxx have a Material Surplus made to Buyer’s specification, Seller will shall not sell the Material Surplus to anyone but Buyer. If Buyer chooses to not purchase said Material Surplus product, Seller guarantees to destroy Material Surplus within 30 days of Buyer’s decision to not purchase. Seller will certify the destruction of the Material Surplus, specifying the quantity of product destroyed and method of destruction, within 3 days of occurrence of destruction. Seller will shall be responsible for all costs incurred as a part of said destruction and Buyer will have no liability to, or duty to pay or reimburse, Seller for Material Surplusdestruction.

Appears in 3 contracts

Samples: Terms and Conditions of Purchase, Terms and Conditions of Purchase, Terms and Conditions of Purchase

Material Surplus. Material Surplus is defined to be material manufactured by Seller in advance of normal flow time or delivery of any Material in advance of Buyer's ’s schedule. Should at any xxxx Xxxxxx have a Material Surplus made to Buyer’s specification, Seller will not sell the Material Surplus to anyone but Buyer. If Buyer chooses to not purchase said Material Surplus product, Seller guarantees to destroy Material Surplus within 30 days of Buyer’s decision to not purchase. Seller will certify the destruction of the Material Surplus, specifying the quantity of product destroyed and method of destruction, within 3 three days of occurrence of destruction. Seller will be responsible for all costs incurred as a part of said destruction and Buyer will have no liability to, or duty to pay or reimburse, Seller for Material Surplus.

Appears in 1 contract

Samples: Terms and Conditions of Purchase

Material Surplus. Material Surplus is defined to be material manufactured by Seller in advance of normal flow time or delivery of any Material good in advance of Buyer's schedule. Should at any xxxx Xxxxxx have a Material Surplus made to Buyer’s specification, Seller will shall not sell the Material Surplus to anyone but Buyer. If Buyer chooses to not purchase said Material Surplus product, Seller guarantees to destroy Material Surplus within 30 days of Buyer’s decision to not purchase. Seller will certify the destruction of the Material Surplus, specifying the quantity of product destroyed and method of destruction, within 3 days of occurrence of destruction. Seller will shall be responsible for all costs incurred as a part of said destruction and Buyer will have no liability to, or duty to pay or reimburse, Seller for Material Surplus.

Appears in 1 contract

Samples: Terms and Conditions of Purchase

AutoNDA by SimpleDocs

Material Surplus. Material Surplus is defined to be material manufactured by Seller in advance of normal flow time or delivery of any Material in advance of Buyer's schedule. Should at any xxxx Xxxxxx have a Material Surplus made to Buyer’s 's specification, Seller will not sell the Material Surplus to anyone but Buyer. If Buyer chooses to not purchase said Material Surplus product, Seller guarantees to destroy Material Surplus within 30 days of Buyer’s 's decision to not purchase. Seller will certify the destruction of the Material Surplus, specifying the quantity of product destroyed and method of destruction, within 3 days of occurrence of destruction. Seller will be responsible for all costs incurred as a part of said destruction and Buyer will have no liability to, or duty to pay or reimburse, Seller for Material Surplus.

Appears in 1 contract

Samples: Terms and Conditions of Purchase

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!