PRIOR TO CONSIGNMENT EFFECTIVE DATE Sample Clauses

PRIOR TO CONSIGNMENT EFFECTIVE DATE. Prior to the Consignment Effective Date, Cardinal Health will produce and transmit to Kmart on a weekly basis a consolidated statement with line item detail on tape for all Store purchases invoiced by Cardinal Health during the preceding seven days. For purchases invoiced Friday through Thursday, Cardinal Health will issue its statement on the next succeeding Friday and payment of such statement must be received by Cardinal Health no later than noon (Dublin, Ohio time) on the second Monday following such Friday (such second Monday, the "Non Consigned Merchandise Prompt Payment Date") in good funds transferred via ACH electronic funds transfer to such bank account as Cardinal Health may from time to time designate in writing to Kmart or other payment method agreed to by the Parties. Should such second Monday be a bank holiday, payment must be so received by noon (Dublin, Ohio time) on the following Tuesday. (For example, for purchases Friday, May 7 through Thursday, May 13, the statement would be issued Friday, May 14, and payment must be received via ACH electronic funds transfer or other payment method agreed to by the Parties no later than noon (Dublin, Ohio time) on Monday, May 24. If Monday, May 24 is a bank holiday, the payment must be received via ACH electronic funds transfer or other payment method agreed to by the Parties no later than noon (Dublin, Ohio time) on Tuesday, May 25.)