Common use of TERMINATION/EXPIRATION ACCOUNTING Clause in Contracts

TERMINATION/EXPIRATION ACCOUNTING. All amounts payable by Reseller to Vendor shall survive termination and become immediately due and payable. In addition, Vendor shall have the right to repurchase unsold Products in Reseller's inventory. Within ten (10) days following termination, Reseller shall furnish Vendor with an inventory of unsold Products. Within ten (10) days after receipt of such inventory, Vendor shall notify Reseller in writing whether or not Vendor intends to repurchase from Reseller all or part of such inventory at the original invoice price (less discounts, price protection, or other credits previously granted). Vendor shall pay all transportation and other costs connected with shipping such Products to Vendor.

Appears in 1 contract

Samples: Authorized Reseller Agreement (Elevated Concepts, Inc.)

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TERMINATION/EXPIRATION ACCOUNTING. All amounts payable by Reseller to Vendor Supplier shall survive termination and become immediately due and payable. In addition, Vendor Supplier shall have the right to repurchase unsold Products in Reseller's inventory. Within ten (10) days following termination, Reseller shall furnish Vendor Supplier with an inventory of unsold Products. Within ten (10) days after receipt of such inventory, Vendor Supplier shall notify Reseller in writing whether or not Vendor Supplier intends to repurchase from Reseller all or part of such inventory at the original invoice price (less discounts, price protection, protection or other credits previously granted). Vendor Supplier shall pay all transportation and other costs connected with shipping such Products to VendorSupplier.

Appears in 1 contract

Samples: Reseller Agreement (Amerasia Khan Enterprises Ltd.)

TERMINATION/EXPIRATION ACCOUNTING. All amounts payable by Reseller Distributor to Vendor Incoming shall survive termination and become immediately due and payable. In addition, Vendor Incoming shall have the right to repurchase unsold Products in ResellerDistributor's inventory. Within ten (10) days following termination, Reseller Distributor shall furnish Vendor Incoming with an inventory of unsold Products. Within ten (10) days after receipt of such inventory, Vendor Incoming shall notify Reseller Distributor in writing whether or not Vendor Incoming intends to repurchase from Reseller Distributor all or part of such inventory at the original invoice price (less discounts, price protection, protection or other credits previously granted). Vendor Incoming shall pay all transportation and other costs connected with shipping such Products to VendorIncoming.

Appears in 1 contract

Samples: Distribution and Marketing Agreement (Incoming,Inc.)

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TERMINATION/EXPIRATION ACCOUNTING. All amounts payable by Licensee/Reseller to Vendor Supplier shall survive termination and become immediately due and payable. In addition, Vendor Supplier shall have the right to repurchase unsold Products in Licensee/Reseller's inventory. Within ten (10) days following termination, Licensee/Reseller shall furnish Vendor Supplier with an inventory of unsold Products. Within ten (10) days after receipt of such inventory, Vendor Supplier shall notify Licensee/Reseller in writing whether or not Vendor Supplier intends to repurchase from Licensee/Reseller all or part of such inventory at the original invoice price (less discounts, price protection, protection or other credits previously granted). Vendor Supplier shall pay all transportation and other costs connected with shipping such Products to VendorSupplier.

Appears in 1 contract

Samples: License Agreement (Amerasia Khan Enterprises Ltd.)

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