Stock Balancing Sample Clauses
The Stock Balancing clause allows a buyer to return unsold inventory to the seller within a specified period, often in exchange for credit or replacement products. Typically, this clause applies to distributors or retailers who may overestimate demand and end up with excess stock; it sets out the conditions under which returns are permitted, such as time limits, product condition, and restocking fees. Its core function is to reduce the buyer's risk of being left with unsellable goods, thereby encouraging larger initial orders and supporting ongoing business relationships.
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Stock Balancing. 10.1 At any time during the term of this Agreement, Ingram may return Products which are in their original packaging to Sonic for full credit of the Products' purchase price, less any discounts or credits previously received. All Product returns must be accompanied by a valid Return Merchandise Authorization (RMA) number issued by Sonic prior to the return. All Freight charges for returned Products will be paid by Ingram. Any Products returned to Sonic by Ingram will be subject to a [*] restocking fee. The restocking fee shall be waived if a new Purchase Order is issued by Ingram which offsets dollar for dollar the amount of credit associated with the returned Product.
10.2 Ingram may return any Product in its inventory to Vendor for credit against outstanding invoices for cash refund if there are no invoices then outstanding, within sixty (60) days following (a) the expiration or earlier termination of this Agreement, or (b) Vendor's notice to Ingram that it is discontinuing production of the Product or any version thereof. Any credit or refund due Ingram for returned Product shall be equal to the purchase price of the Product, less any discounts or credits previously received.
Stock Balancing. For the purpose of inventory balancing, Ingram may return Products once per calendar quarter provided Products are in their original packaging for full credit of the Products' purchase price, plus all freight charges for returned Product. The aggregate dollar amount of all individual Ingram returns shall not exceed twenty-five percent (25%) of the value of ▇▇▇▇▇▇'▇ net purchase of Products from Vendor during the three (3) months immediately preceding such returns. Vendor agrees to consider in good faith any Ingram requests on a cases by case basis for returns in excess of said twenty-five percent (25%) amount.
Stock Balancing. 1. For systems vendor returns, Ingram will allow ▇▇▇.▇▇▇ stock balance returns for up to [***] ([***]) days from the date of --- --- invoice, subject to vendor requirements or restrictions. ▇▇▇.▇▇▇ will have Product return privileges on overstocked resalable Products purchased from Ingram of up to [***] ([***]) of its --- --- previous [***] ([***]) days purchases, less any stock balance --- --- returns. Credit for returns is calculated at the last purchase price or the current price, whichever is lower.
2. For non-systems vendor returns, Ingram will allow ▇▇▇.▇▇▇ stock balance returns for up to [***] ([***]) days from the date --- --- of invoice, subject to vendor requirements or restrictions. ▇▇▇.▇▇▇ will have Product return privileges on overstocked Product purchased from Ingram of up to [***], less any stock --- balance returns. Credit for returns is calculated at the last purchase price or the current price, whichever is lower.
3. Ingram reserves the right not to accept Products which are (a) no longer in production or (b) are being produced or published by a manufacturer which is insolvent or which has declared bankruptcy or (c) subject to more restrictive stock balancing policies issued by the Product's manufacturer or publisher. ▇▇▇.▇▇▇ shall pay all costs and bear all risks of loss when returning Products to Ingram. Configured Products may not be stock balanced. ______________________ [***] Confidential treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission.
Stock Balancing. 1. For systems vendor returns, Ingram will allow ▇▇▇.▇▇▇ stock balance returns for up to [***] ([***]) days from the date of invoice, subject to vendor requirements or restrictions. ▇▇▇.▇▇▇ will have Product return privileges on overstocked resalable Products purchased from Ingram of up to [***] ([***]) of its previous [***] ([***]) days purchases, less any stock balance returns. Credit for returns is calculated at the last purchase price or the current price, whichever is lower.
2. For non-systems vendor returns, Ingram will allow ▇▇▇.▇▇▇ stock balance returns for up to [***] ([***]) days from the date of invoice, subject to vendor requirements or restrictions. ▇▇▇.▇▇▇ will have Product return privileges on overstocked Product purchased [***] Confidential treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission. from Ingram of up to [***], less any stock balance returns. Credit for returns is calculated at the last purchase price or the current price, whichever is lower.
3. Ingram reserves the right not to accept Products which are (a) no longer in production or (b) are being produced or published by a manufacturer which is insolvent or which has declared bankruptcy or (c) subject to more restrictive stock balancing policies issued by the Product’s manufacturer or publisher. ▇▇▇.▇▇▇ shall pay all costs and bear all risks of loss when returning Products to Ingram. Configured Products may not be stock balanced.
Stock Balancing. Wintec may return to Vendor throughout the term of this Agreement any Products for full credit of the Products' purchase price. Wintec shall pay freight charges for stock balancing returns,
Stock Balancing. Zones shall have the right to return any Products in their original packaging to Vendor for either cash or full credit, at Zones’ option, in the amount of the Products’ purchase price. Vendor shall be responsible for all freight charges, title, and risk of loss relating to returns under this Section E. Termination of this Agreement shall not affect Zones’ return privileges as stated in this Section E.
Stock Balancing. 12.1. XLS may return Products which are not defective within one hundred fifty (150) days after invoice date. All returns will be subject to the returns fees listed in the table below which is based on the percentage of returns as compared with the gross sales during the fiscal quarter in which the return is made, determined by reference to invoiced prices. Returns will be processed at the lower of either the invoice unit price paid by XLS or the current price as shown in Ingram's on-line ordering system as of the date of return req▇▇▇▇ ▇▇▇ will be credited as soon as possible but no later than the end of the fiscal quarter in which returned. All Products returned must be undamaged, in the Vendor's original packaging, unused and in resalable condition. Fee Returns Percent (as a % of gross sales) --------------- ----------------------- ** ** ** ** ** ** ** Confidential treatment has been requested for the deleted text, which has been filed separately with the Securities and Exchange Commission.
12.2. Ingram reserves the right to not accept the return of Products if the Vendor of such Products has placed restrictions upon the return of such Products provided Ingram has communicated those restrictions to XLS prior to shipment. Ingram also reserves the right to not accept Products which are discontinued or which are being produced or published by a Vendor which is insolvent or which has declared bankruptcy. XLS shall pay all costs and bear all risks of loss when returning Products to Ingram.
12.3. Products purchased under special orders are not eligible to be returned pursuant to this Section 12 unless Ingram has return rights with those Vendors. Special orders include Products which the Vendor has not authorized Ingram to distribute.
12.4. Products purchased as part of Configured Products are not eligible to be returned unless such returns are due to errors made by Ingram. The errors will be corrected and the Products reshipped to XLS with no charge to XLS.
12.5. XLS may return Open Box product without charge in an amount equal to ** of Net Purchases during the fiscal quarter in which the return is made. Open Box returns exceeding the allowable percentage will be charged a fee equal to ** of the invoice price, net of rebates.
12.6. A rebox fee of ** per item will be charged on all Products returned in a damaged box.
Stock Balancing. Dealer may return unopened, unsold Telephone Packages to Cricket at Dealer's expense for a full credit, provided such Telephone Packages are in their original package, with all accessories, and in otherwise salable condition. Telephone Packages that remain in Dealer's inventory for more than ninety (90) days from date of shipment to Dealer, and discontinued Telephone Packages which remain in Dealer's inventory for more than thirty (30) days from date of shipment to Dealer are not eligible for stock balancing.
Stock Balancing. Reseller may return to Vendor at any time defective products purchased from the vendor for full credit or cash in the amount of the product's purchase price. Vendor will pay all freight charges for returned defective products.
Stock Balancing. Notwithstanding anything herein to the contrary, Ingram may return throughout the term any Products which are in their original packaging to Vendor for full credit of the Products’ purchase price. *