Materials on Consignment Sample Clauses

Materials on Consignment. Where materials are supplied by HP on consignment: (a) CM shall be responsible for all forwarding and brokerage costs and customs duties or user fees. CM shall also assist HP with all import formalities and obtain customs clearance for such consigned materials. (b) As long as CM continues to have possession of the material supplied by HP, HP shall retain legal title to all such materials supplied. In the event such materials are used even with loss of identity, the legal title to the resultant products shall remain in HP. (c) CM shall submit to HP on a monthly basis, a report on the balance of consigned materials in the possession and control of CM at its premises in an agreed format. (d) HP reserves the right to perform a periodic statistical audit of CM's physical inventory. (e) Upon termination of this Agreement and/or business relationship for whatever reasons, CM shall return the remaining quantity of consigned materials to HP in good condition.
Sample 1Sample 2Sample 3
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Materials on Consignment. 6.1 During the term of this agreement, Client will supply Manufacturer with certain materials required for the manufacture of Products ("Consigned Materials"). Consigned Materials shall be in excess of the quantities required to manufacture the quantity of Product ordered, provided such excess is required to take advantage of minimum lot sizes required by Manufacturer to maintain production line efficiency. 6.2 As long as Manufacturer continues to have possession of the material supplied by Client, Client shall retain legal title to all such materials supplied. In the event such materials are used even with loss of identity, the legal title to the resultant products shall remain in Client. 6.3 Consigned Materials shall be kept in a singular location and clearly marked as owned by the Client. 6.4 Consigned materials shall be stored according to the instructions for each material in order to prevent that the material is damaged and that the stated shelf life of the consigned material can be achieved. 6.5 Manufacturer shall submit to Client on a monthly basis, a report on the balance of consigned materials in the possession and control of Manufacturer at its premises in agreed format. 6.6 Client agrees to a % attrition and yield allowance for materials supplied to Manufacturer. Manufacturer shall be liable for all physical shortages in excess of this specified attrition and yield allowance. Client reserves the right to perform a periodic statistical audit of Manufacturer's physical inventory. 6.7 Upon termination of this Agreement and/or business relationship for whatever reasons, Manufacturer shall return the remaining quantity of Consigned Materials to Client. 6.8 Purchase of materials with will be at same price as per originally paid to purchase the parts and this price will be applicable both ways for and Manufacturer. 6.9 Consigned material from need to be depleted before Manufacturer purchases from others. 6.10 Manufacturer will do quarterly stock checks on any consigned part from that they are keeping in their stock both by quantity and value. 6.11 Both and Manufacturer will use Purchase Orders for the usage of Consigned Materials.
Sample 1
Materials on Consignment. Materials on consignment shall remain the property of SSK and designated as such, and shall be stored and managed separately. Reduction in value or loss shall be paid for by the Supplier. Materials on consignment must only be used for SSK orders. In processing and production of this material SSK remains the direct owner of the new or re-formed items. Accounting of the materials shall be made in the format prescribed by SSK. Any materials not required or processed are to be returned free of charge to SSK. The Supplier is required to notify SSK in writing without delay of any faults in the materials on consignment.
Sample 1

Related to Materials on Consignment

  • Materials and Supplies The cost of materials and supplies is allowable. Purchases should be charged at their actual prices after deducting all cash discounts, trade discounts, rebates, and allowances received. Withdrawals from general stores or stockrooms should be charged at cost under any recognized method of pricing, consistently applied. Incoming transportation charges are a proper part of materials and supply costs.

  • Materials and Equipment ‌ Material means property that may be consumed or expended during performance, component parts of a higher assembly, or items that lose their individual identity through incorporation into an end item. Equipment means a tangible item that is functionally complete for its intended purpose, durable, nonexpendable, and needed for performance. Materials and Equipment shall be priced in accordance with the terms of the task order award, contract type, and applicable FAR and agency-specific regulatory supplements. Unless otherwise directed by task order terms and conditions, the Contractor may apply indirect costs to materials and equipment consistent with the Contractor’s usual accounting practices.

  • Solicitations for Subcontracts, Including Procurements of Materials and Equipment In all solicitations either by competitive bidding or negotiation made by the Engineer for work to be performed under a subcontract, including procurements of materials or leases of equipment, each potential subcontractor or supplier shall be notified by the Engineer of the Engineer's obligations under this contract and the Regulations relative to nondiscrimination on the grounds of race, color, or national origin.

  • Solicitations for Subcontracts, Including Procurement of Materials and Equipment In all solicitations either by competitive bidding or negotiation made by the Local Government for work to be performed under a subcontract, including procurement of materials or leases of equipment, each potential subcontractor or supplier will be notified by the Local Government of the Local Government’s obligations under this Agreement and the Acts and Regulations relative to Nondiscrimination on the grounds of race, color, or national origin.

  • Materials Transfer In order to facilitate the Development activities contemplated by this Agreement, either Party may provide to the other Party certain biological materials or chemical compounds Controlled by the supplying Party (collectively, “Materials”) for use by the other Party in furtherance of such Development activities. Except as otherwise provided for under this Agreement, all such Materials delivered to the other Party will remain the sole property of the supplying Party, will be used only in furtherance of the Development activities conducted in accordance with this Agreement, will not be used or delivered to or for the benefit of any Third Party, except to subcontractors, without the prior written consent of the supplying Party, and will be used in compliance with all Applicable Laws. The Materials supplied under this Agreement must be used with prudence and appropriate caution in any experimental work because not all of their characteristics may be known. Except as expressly set forth in this Agreement, THE MATERIALS ARE PROVIDED “AS IS” AND WITHOUT ANY REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, INCLUDING WITHOUT LIMITATION ANY IMPLIED WARRANTY OF MERCHANTABILITY OR OF FITNESS FOR ANY PARTICULAR PURPOSE OR ANY WARRANTY THAT THE USE OF THE MATERIALS WILL NOT INFRINGE OR VIOLATE ANY PATENT OR OTHER PROPRIETARY RIGHTS OF ANY THIRD PARTY.

  • Materials of Environmental Concern have not been transported or disposed of from the Properties in violation of, or in a manner or to a location which could give rise to liability under, any Environmental Law, nor have any Materials of Environmental Concern been generated, treated, stored or disposed of at, on or under any of the Properties in violation of, or in a manner that could give rise to liability under, any applicable Environmental Law, except insofar as any such violation or liability referred to in this paragraph, or any aggregation thereof, could not reasonably be expected to result in the payment of a Material Environmental Amount.

  • CERTIFICATION OF NO ASBESTOS CONTAINING MATERIALS OR WORK 8.1 The Contractor shall be responsible for ensuring that no asbestos containing materials or work is included within the scope of the Work. The Contractor shall take whatever measures it deems necessary to insure that all employees, suppliers, fabricators, material men, subcontractors, or their assigns, comply with this requirement. 8.2 The Contractor shall ensure that Texas Department of Health licensed individuals, consultants or companies are used for any required asbestos work including asbestos inspection, asbestos abatement plans/specifications, asbestos abatement, asbestos project management and third-party asbestos monitoring.

  • Materials of Environmental Concern have not been transported or disposed of from the Properties in violation of, or in a manner or to a location that could give rise to liability under, any Environmental Law, nor have any Materials of Environmental Concern been generated, treated, stored or disposed of at, on or under any of the Properties in violation of, or in a manner that could give rise to liability under, any applicable Environmental Law;

  • Selection of Subcontractors, Procurement of Materials and Leasing of Equipment The contractor shall not discriminate on the grounds of race, color, religion, sex, national origin, age or disability in the selection and retention of subcontractors, including procurement of materials and leases of equipment. The contractor shall take all necessary and reasonable steps to ensure nondiscrimination in the administration of this contract. a. The contractor shall notify all potential subcontractors and suppliers and lessors of their EEO obligations under this contract. b. The contractor will use good faith efforts to ensure subcontractor compliance with their EEO obligations.

  • Packaging Materials and Containers for Retail Sale 1. When packaging materials and containers in which a good is packaged for retail sales are classified in the Harmonized System with the good, they shall not be taken into account in determining whether all non-originating materials used in the production of the good undergo the applicable change in tariff classification set out in Annex 4.03. 2. When the good is subject to a requirement of regional value content, the value of these packaging materials and containers shall be taken into account as originating or non-originating materials, as the case may be, in calculating the regional value content of the good.

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