Common use of Purchase Documents Clause in Contracts

Purchase Documents. With respect to the Livestock which the Member requests the Association to supply: (a) The Association may require a Purchase Order signed by an authorized representative of the Association with respect to Livestock to be purchased by the Association from an auction market or other licensed livestock dealer for supply to the Member. The Member shall ensure that invoices or bills of sale are provided to the Association which show the Association as the purchaser, and which shall otherwise be in such form as may be required by the Association; (b) No Livestock may be purchased from other sellers (including the Member), for supply to the Member without the express prior approval of an authorized representative of the Association. All such purchases shall be documented by an acceptable bill of sale and such declarations, releases, waivers and subordination agreements with respect to liens and security interests as may be required by the Association and under the Regulations. All purchases shall be subject to the condition that the seller shall be the sole owner of the Livestock, and that the Livestock shall be free from all charges, liens, security agreements and encumbrances. The Member agrees that all purchases of Livestock by the Association from the Member shall be subject to these conditions; and (c) The Member shall be responsible for all transportation and other expenses, and all risks of every kind, with respect to the Livestock and the supply of Livestock, other than the purchase price and other expenses expressly accepted by the Association.

Appears in 2 contracts

Samples: Feeder Association Member Agreement, Feeder Association Member Agreement

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Purchase Documents. With respect to the Livestock which the Member requests the Association to supply: (a) The Association may require a Purchase Order signed by an authorized representative of the Association with respect to Livestock to be purchased by the Association from an auction market or other licensed livestock dealer for supply to the Member. The Member shall ensure that invoices or bills of sale are provided to the Association which show the Association as the purchaser, and which shall otherwise be in such form as may be required by the Association; (b) No Livestock may be purchased from other sellers (including the Member), for supply to the Member without the express prior approval of an authorized representative of the Association. All such purchases shall be documented by an acceptable bill xxxx of sale and such declarations, releases, waivers and subordination agreements with respect to liens and security interests as may be required by the Association and under the Regulations. All purchases shall be subject to the condition that the seller shall be the sole owner of the Livestock, and that the Livestock shall be free from all charges, liens, security agreements and encumbrances. The Member agrees that all purchases of Livestock by the Association from the Member shall be subject to these conditions; and (c) The Member shall be responsible for all transportation and other expenses, and all risks of every kind, with respect to the Livestock and the supply of Livestock, other than the purchase price and other expenses expressly accepted by the Association.

Appears in 2 contracts

Samples: Feeder Association Member Agreement, Feeder Association Member Agreement

Purchase Documents. With respect to the Livestock which the Member Producer requests the Association Xxxxxxx Finance to supply: (a) The Association Breeder Finance may require a Purchase Order signed by an authorized representative of the Association Breeder Finance with respect to Livestock to be purchased by the Association Breeder Finance from an auction market or other licensed livestock dealer for supply to the MemberProducer. The Member Producer shall ensure that invoices or bills of sale are provided to the Association Breeder Finance which show the Association Breeder Finance as the purchaser, and which shall otherwise be in such form as may be required by the AssociationBreeder Finance; (b) No Livestock may be purchased from other sellers (including the MemberProducer), for supply to the Member Producer without the express prior approval of an authorized representative of the AssociationBreeder Finance. All such purchases shall be documented by an acceptable bill of sale and such declarations, releases, waivers and subordination agreements with respect to liens and security interests as may be required by the Association and under the RegulationsBreeder Finance. All purchases shall be subject to the condition that the seller shall be the sole owner of the Livestock, and that the Livestock shall be free from all charges, liens, security agreements and encumbrances. The Member agrees that all purchases of Livestock by the Association from the Member shall be subject to these conditions; and (c) The Member Producer shall be responsible for all transportation and other expenses, and all risks of every kind, with respect to the Livestock and the supply of Livestock, other than the purchase price and other expenses expressly accepted by the AssociationBreeder Finance.

Appears in 1 contract

Samples: Breeder Finance Program Agreement

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Purchase Documents. With respect to the Livestock which the Member Producer requests the Association Breeder Finance to supply: (a) The Association Breeder Finance may require a Purchase Order signed by an authorized representative of the Association Breeder Finance with respect to Livestock to be purchased by the Association Breeder Finance from an auction market or other licensed livestock dealer for supply to the MemberProducer. The Member Producer shall ensure that invoices or bills of sale are provided to the Association Breeder Finance which show the Association Breeder Finance as the purchaser, and which shall otherwise be in such form as may be required by the AssociationBreeder Finance; (b) No Livestock may be purchased from other sellers (including the MemberProducer), for supply to the Member Producer without the express prior approval of an authorized representative of the AssociationBreeder Finance. All such purchases shall be documented by an acceptable bill xxxx of sale and such declarations, releases, waivers and subordination agreements with respect to liens and security interests as may be required by the Association and under the RegulationsBreeder Finance. All purchases shall be subject to the condition that the seller shall be the sole owner of the Livestock, and that the Livestock shall be free from all charges, liens, security agreements and encumbrances. The Member agrees that all purchases of Livestock by the Association from the Member shall be subject to these conditions; and (c) The Member Producer shall be responsible for all transportation and other expenses, and all risks of every kind, with respect to the Livestock and the supply of Livestock, other than the purchase price and other expenses expressly accepted by the AssociationBreeder Finance.

Appears in 1 contract

Samples: Breeder Finance Program Agreement

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