Common use of Receipt and return of Exchange Component Clause in Contracts

Receipt and return of Exchange Component. Upon receipt of the Exchange Component, Customer has thirty (30) calendar days to tender the defective component to the return carrier for shipment to Grass Valley’s service center. If Customer fails to return the defective component to the specified carrier, Customer will be invoiced for the component at List Price. Such failure also may be grounds to suspend any future Advance Exchange service, until such outstanding defective component is returned to Grass Valley.

Receipt and return of Exchange Component. Upon receipt of the Exchange Componentreplacement component, Customer customer has thirty (30) calendar days to tender the defective component to the return carrier for shipment to Grass Valley’s service center. If the Customer fails to return the defective component to the specified carrier, the Customer will be invoiced for the component at List Price. Such failure also may be grounds to suspend any future Advance Exchange service, until such outstanding defective component is returned to Grass Valley.