Returns and Allowances. The Dealer shall be entitled to such allowances, discounts, incentives and return privileges from the Company on GENUINE PARTS subject to such conditions and procedures as may be specified in the applicable PARTS AND ACCESSORIES
Returns and Allowances. The Borrower will treat returns and allowances, if any, between the Borrower and its customers on the same basis and in accordance with the usual and customary practices of the Borrower as they existed before the date hereof, but such returns and allowances for any fiscal year shall in no event exceed 2% of total sales for the previous fiscal year.
Returns and Allowances. To the extent, if any, that a customer of the Serengeti Business effects or receives a chargeback or credit against an account receivable of Corning relating to the Serengeti Business in connection with any return or allowance sought by such customer which constitutes a Buyer Assumed Liability, from time to time after the Closing Date, Buyer shall pay Corning within ten (10) business days after request therefor an amount equal to any such chargeback or credit.
Returns and Allowances. During the Post Closing Adjustment Period, Buyer shall honor any reasonable claims by customers of the Company for returns of goods relating to invoices issued prior to the Closing Date. Buyer shall report any such returns to Xxxxxxxx. Any returns of goods relating to invoices issued prior to the Closing Date that are not of a quality resalable in the ordinary course of business shall result in a reduction of the Purchase Price in the amount the customer was credited for the return. Any returns of goods relating to invoices issued prior to the Closing Date that are of a quality resalable in the ordinary course of business shall result in adjustments to the Purchase Price as follows: If the returned resalable items are the subject of an unpaid Trade Account Receivable, then the Trade Account Receivable corresponding to the returned items shall be deemed collected in the amount of 75% of the invoiced price of such items.
5.3.1 If the returned resalable item was paid for prior to the Closing Date, the Buyer is entitled to a payment from the Xxxxxxxx in the amount of 25% of the invoice amount for the item.
Returns and Allowances. Returns and allowances, if any, as between ---------------------- Borrower and Borrower's customers, will be on the same basis and in accordance with the usual customary practices of Borrower, as they exist at this time. Immediately upon written request by Bank, and continuing thereafter until such time as Bank may indicate,
(a) any goods which are returned by an account debtor, or any account debtor which Bank may indicate, or which is otherwise recovered by Borrower from such account debtor shall be set aside and marked with Bank's name, and Bank shall retain a security interest therein, (b) Borrower shall promptly notify Bank of all prior returns and recoveries by such account debtor to the extent indicated by Bank, and all such returns and recoveries thereafter, (c) Borrower shall promptly deliver any such returned or recovered goods to Bank to the extent Bank shall indicate, and (d) Borrower shall promptly notify Bank of any dispute or claim which is then pending and shall not settle or adjust any such dispute or claim without Bank's prior written approval. After an Event of Default, no discount, credit or allowance shall be granted by Borrower to any account debtor and no return of merchandise shall be accepted by Borrower without Bank's written consent. Bank may, after an Event of Default, settle or adjust disputes and claims directly with account debtors for amounts and upon terms which Bank considers advisable and, in such cases, Bank will credit Borrower's account with only the net amounts received by Bank in payment of such disputed Accounts after deducting all Bank Expenses incurred or expended in connection therewith.
Returns and Allowances. Section 6.4
Returns and Allowances. Cause returns and allowances as between Borrowers and their Account Debtors, to be on the same basis and in accordance with the usual customary practices of the applicable Borrower, as they exist at the time of the execution and delivery of this Agreement. If, at a time when no Event of Default has occurred and is continuing, any Account Debtor returns any Inventory to any Borrower, the applicable Borrower promptly shall determine the reason for such return and, if the applicable Borrower accepts such return, issue a credit memorandum (with a copy to be sent to Lender if such credit memorandum exceeds $50,000) in the appropriate amount to such Account Debtor. If, at a time when an Event of Default has occurred and is continuing, any Account Debtor returns any Inventory to any Borrower, the applicable Borrower promptly shall determine the reason for such return and, if Lender consents (which consent shall not be unreasonably withheld), issue a credit memorandum (with a copy to be sent to Lender) in the appropriate amount to such Account Debtor.
Returns and Allowances. GENCON shall not have the authority on behalf of IRI to accept the return of, or make any allowances with respect to any of the products without the prior written approval of IRI.
Returns and Allowances. UCB shall make additional Kingfisher Products available without any charge to UB, including without limitation insurance, reimbursement for all related freight and delivery costs, for any Kingfisher Products which are produced in defective condition or for shortage in count, provided however, that UB provides documented proof to substantiate any claim for defective condition of the product or shortage in count to UCB.
Returns and Allowances
